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Hot Chili Adds Mine Build Credentials with Appointment of New Chair and Project Director

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Hot Chili Limited (HHLKF) has strengthened its leadership team with two significant appointments ahead of its Definitive Feasibility Studies for the Costa Fuego copper-gold project and Huasco Water project in Chile. Stuart Mathews, former Gold Fields executive vice president, joins as Non-executive Chair, bringing over 32 years of international mining experience and a track record of delivering five mining projects from exploration to operations. Alberto Cerda, a Chilean mining engineer with 40+ years of experience, has been appointed as Project Director, having previously led major mining projects including Los Pelambres, Antamina, and the Norte Abierto Joint Venture for Newmont and Barrick.

Hot Chili Limited (HHLKF) ha rafforzato il suo team dirigenziale con due nomine importanti in vista degli Studi di Fattibilità Definitivi per il progetto di rame e oro Costa Fuego e il progetto idrico Huasco in Cile. Stuart Mathews, ex vicepresidente esecutivo di Gold Fields, si unisce come Presidente non esecutivo, portando oltre 32 anni di esperienza internazionale nel settore minerario e una comprovata esperienza nella realizzazione di cinque progetti minerari, dalla fase di esplorazione fino alle operazioni. Alberto Cerda, ingegnere minerario cileno con più di 40 anni di esperienza, è stato nominato Direttore del Progetto, avendo precedentemente guidato importanti progetti minerari tra cui Los Pelambres, Antamina e la Joint Venture Norte Abierto per Newmont e Barrick.

Hot Chili Limited (HHLKF) ha reforzado su equipo directivo con dos nombramientos clave antes de los Estudios de Factibilidad Definitivos para el proyecto de cobre y oro Costa Fuego y el proyecto de agua Huasco en Chile. Stuart Mathews, ex vicepresidente ejecutivo de Gold Fields, se incorpora como Presidente no ejecutivo, aportando más de 32 años de experiencia internacional en minería y un historial de llevar cinco proyectos mineros desde la exploración hasta las operaciones. Alberto Cerda, ingeniero de minas chileno con más de 40 años de experiencia, ha sido nombrado Director del Proyecto, habiendo liderado previamente importantes proyectos mineros como Los Pelambres, Antamina y la empresa conjunta Norte Abierto para Newmont y Barrick.

Hot Chili Limited (HHLKF)는 칠레의 코스타 푸에고 구리-금 프로젝트와 후아스코 수자원 프로젝트에 대한 확정 타당성 조사(Definitive Feasibility Studies)를 앞두고 두 명의 중대한 임명을 통해 리더십 팀을 강화했습니다. Stuart Mathews 전 Gold Fields 부사장이 비상임 의장으로 합류하여 32년 이상의 국제 광산 경험과 탐사부터 운영까지 다섯 개의 광산 프로젝트를 성공적으로 이끈 경력을 보유하고 있습니다. Alberto Cerda는 40년 이상의 경력을 가진 칠레 광산 엔지니어로서 프로젝트 디렉터로 임명되었으며, 이전에 Los Pelambres, Antamina, 그리고 Newmont와 Barrick의 Norte Abierto 합작 프로젝트를 이끈 바 있습니다.

Hot Chili Limited (HHLKF) a renforcé son équipe de direction avec deux nominations importantes avant les études de faisabilité définitives pour le projet cuivre-or Costa Fuego et le projet d'eau Huasco au Chili. Stuart Mathews, ancien vice-président exécutif de Gold Fields, rejoint en tant que président non exécutif, apportant plus de 32 ans d'expérience internationale dans le secteur minier et un parcours de réalisation de cinq projets miniers, de l'exploration à l'exploitation. Alberto Cerda, ingénieur minier chilien avec plus de 40 ans d'expérience, a été nommé directeur de projet, ayant dirigé auparavant d'importants projets miniers tels que Los Pelambres, Antamina et la coentreprise Norte Abierto pour Newmont et Barrick.

Hot Chili Limited (HHLKF) hat sein Führungsteam mit zwei bedeutenden Ernennungen gestärkt, bevor die endgültigen Machbarkeitsstudien für das Kupfer-Gold-Projekt Costa Fuego und das Wasserprojekt Huasco in Chile beginnen. Stuart Mathews, ehemaliger Executive Vice President von Gold Fields, tritt als nicht geschäftsführender Vorsitzender bei und bringt über 32 Jahre internationale Bergbauerfahrung sowie eine Erfolgsbilanz bei der Umsetzung von fünf Bergbauprojekten von der Exploration bis zum Betrieb mit. Alberto Cerda, ein chilenischer Bergbauingenieur mit über 40 Jahren Erfahrung, wurde zum Projektdirektor ernannt und hat zuvor große Bergbauprojekte wie Los Pelambres, Antamina und das Joint Venture Norte Abierto für Newmont und Barrick geleitet.

Positive
  • Appointment of Stuart Mathews brings extensive experience in project development and operations management, including delivery of 5 mining projects
  • Alberto Cerda brings 40+ years of experience in Chilean mining industry and major project development
  • Both appointments strengthen company's capabilities ahead of Definitive Feasibility Studies for Costa Fuego and Huasco Water projects
Negative
  • None.

PERTH, Australia , May 7, 2025 /PRNewswire/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce the appointment of two highly regarded and experienced mining executives to the Company's Board and executive management group.

High profile Australian mining executive and former Gold Fields executive vice president Mr Stuart Mathews has been appointed to the Board of Directors in the role of Non-executive Chair. In addition, well regarded Chilean mining executive and project director for several of Chile's largest mine developments, Mr Alberto Cerda, has been appointed to the executive role of Project Director.

Both appointments significantly strengthen the Company's experience and capabilities ahead of the commencement of Definitive Feasibility Studies for its Costa Fuego copper-gold project and Huasco Water project, located at low elevation along the coastal range of Chile.

Mr Stuart Mathews – Non-Executive Chair of Hot Chili

Stuart Mathews is an international mining professional with more than 32 years' experience working across Australia, Mexico and New Zealand.

After graduating with a Master of Science (Geology) from University of Canterbury, New Zealand, Stuart rapidly progressed through geology ranks to Geology Manager level before spending 15 years in project development and general operations management, including the past five years as a C-level executive.

Stuart joined Gold Fields in mid-2013 initially at St Ives, before being appointed General Manager at the Granny Smith Mine, and then Vice President Operations - Australia.

In February 2017 Stuart took over the position of Executive Vice President - Australasia and was also appointed to the executive committee of Gold Fields International.

His role involved managing Gold Fields' regional mining portfolio that delivered +1m oz of gold per annum as well as leading strategic growth in Australia and greater Gold Fields globally.

During his career he has delivered five mining projects from exploration through development to full operations.

Mr Alberto Cerda – Project Director

Alberto Cerda is a Chilean mining engineer and professional with over 40 years' experience working in the Chilean and international mining industry.

Alberto's experience spans oversight of mining reserves and mine production across underground and open pit mining operations, metallurgical processes, metal marketing, corporate governance and business operations across large organisations including Newmont, Barrick, Antofagasta Minerals, Glencore, BHP Billiton and CODELCO.

Over the past 30 years, Alberto has acted in Mine Manager, General Manager and Project Director roles across both greenfield and brownfield mining projects from conceptual stage to development, execution and operation including Los Pelambres, Lomas Bayas, Antamina, Collahuasi, Spence, Cerro Colorado and El Indio.

Over the past five years, Alberto led the Norte Abierto Joint Venture as Project Director for Newmont and Barrick in developing the neighbouring Cerro Casale and Caspiche gold-copper deposits in northern Chile.

The Company welcomes these two key appointments at an important inflexion point in the Company's growth and looks forward to Stuart and Alberto's contribution and stewardship of Hot Chili's final stages of investment to deliver a new mid-tier copper-gold producer.

Further updates are expected.

This announcement was approved and authorised for release by the Board of Hot Chili.

For further information, please contact:

Christian Easterday

Managing Director & CEO – Hot Chili

Tel:       +61 8 9315 9009

Email:   admin@hotchili.net.au

Carol Marinkovich

Company Secretary – Hot Chili

Tel:       +61 8 9315 9009

Email:   cosec@hotchili.net.au

Graham Farrell

Investor & Public Relations

Email:   graham@hotchili.net.au

or visit Hot Chili's website at www.hotchili.net.au

Qualifying Statements

Disclaimer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cision View original content:https://www.prnewswire.com/news-releases/hot-chili-adds-mine-build-credentials-with-appointment-of-new-chair-and-project-director-302448027.html

SOURCE Hot Chili Limited

FAQ

Who are the new executives appointed at Hot Chili Limited (HHLKF)?

Hot Chili appointed Stuart Mathews as Non-executive Chair and Alberto Cerda as Project Director. Mathews is a former Gold Fields executive VP with 32 years of mining experience, while Cerda is a Chilean mining engineer with 40+ years of experience.

What experience does Stuart Mathews bring to Hot Chili (HHLKF)?

Stuart Mathews brings over 32 years of international mining experience, including roles as Executive VP at Gold Fields, managing a portfolio delivering +1M oz of gold annually, and successfully delivering five mining projects from exploration through development to operations.

What is Alberto Cerda's background and role at Hot Chili (HHLKF)?

Alberto Cerda, appointed as Project Director, is a Chilean mining engineer with 40+ years experience, having worked with companies like Newmont, Barrick, and BHP. He previously led major projects including Los Pelambres, Antamina, and the Norte Abierto Joint Venture.

Why did Hot Chili (HHLKF) make these new appointments?

The appointments were made to strengthen the company's experience and capabilities ahead of commencing Definitive Feasibility Studies for its Costa Fuego copper-gold project and Huasco Water project in Chile.
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