Hot Chili Unveils PFS and Ore Reserve for Costa Fuego Project

Hot Chili Limited ( (AU:HCH) ) has shared an update.

Hot Chili Limited has announced the Pre-Feasibility Study (PFS) and maiden ore reserve for its Costa Fuego Copper-Gold Project in Chile, highlighting a 20-year mine life and increased annual production. The project boasts competitive costs and a robust financial profile, with significant risk reduction measures in place. The company is well-positioned for growth with the La Verde Cu-Au porphyry discovery and plans to integrate this into the Costa Fuego project, enhancing its economic potential. Hot Chili is preparing to submit an Environmental Impact Assessment and aims to commence production by the end of the decade, supported by strategic partnerships and funding discussions.

More about Hot Chili Limited

Hot Chili Limited is a dual-listed company operating in the mining industry, with a focus on copper and gold production. The company is engaged in the exploration and development of mineral resources, primarily in Chile, and complies with international reporting standards for mineral resources and reserves.

YTD Price Performance: -7.78%

Average Trading Volume: 25,521

Technical Sentiment Signal: Buy

Current Market Cap: $66.81M

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