Hot Chili Limited Announces Pre-Feasibility Study Results for Costa Fuego Copper-Gold Project
Perth, Australia, March 27, 2025 – Hot Chili Limited (ASX: HCH, TSXV: HCH, OTCQX: HHLKF) (the “Company”), a leading mining company, is thrilled to share the results of a Pre-Feasibility Study (PFS) for its Costa Fuego copper-gold project. The PFS was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.
Costa Fuego Project Overview
Located on the coastal range in Chile, the Costa Fuego Project is a top quartile copper production scale project with the lowest quartile capital intensity. The project is expected to produce an average of 116,000 tonnes of copper and 35,000 ounces of gold per annum over a 22-year mine life.
Pre-Feasibility Study Highlights
The PFS outlines an open-pit mining operation with a projected capital cost of $1.3 billion and an operating cost of $1.28 per pound of copper produced. The project’s after-tax net present value (NPV) is estimated at $2.1 billion, with an internal rate of return (IRR) of 22.6%.
Environmental Considerations
Hot Chili is committed to responsible mining practices and has integrated environmental considerations into the PFS. The project is expected to have a minimal environmental footprint with the implementation of a water recycling system, a tailings storage facility designed to international standards, and a reforestation program.
Impact on the Community
The Costa Fuego Project will bring significant economic benefits to the local community, including job creation and the generation of revenue for the Chilean government. Hot Chili has established a strong relationship with the local community and intends to continue engaging in dialogue and collaboration to ensure the project’s success.
Global Impact
The successful development of the Costa Fuego Project will contribute to the global demand for copper, which is essential in the production of renewable energy technologies, electric vehicles, and construction materials. This project further highlights Chile’s position as a leading copper producer and its commitment to sustainable mining practices.
Conclusion
Hot Chili’s announcement of the PFS results for the Costa Fuego copper-gold project marks a significant milestone in the Company’s growth strategy. This top quartile copper production scale project, located on the coastal range in Chile, is expected to generate substantial economic benefits for the local community and contribute to the global demand for copper. With a commitment to responsible mining practices and sustainable development, Hot Chili looks forward to bringing this project to fruition.
- Hot Chili Limited announces PFS results for Costa Fuego copper-gold project
- Project located on the coastal range in Chile
- Top quartile copper production scale, lowest quartile capital intensity
- Expected to produce 116,000 tonnes of copper and 35,000 ounces of gold per annum
- Capital cost: $1.3 billion; Operating cost: $1.28 per pound of copper produced
- After-tax NPV: $2.1 billion; IRR: 22.6%
- Minimal environmental footprint through water recycling, tailings storage facility, and reforestation program
- Significant economic benefits for local community and Chilean government
- Contributes to global demand for copper in renewable energy, electric vehicles, and construction materials
