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Hot Chili Ltd. is an Australia-based company focused on copper-gold exploration and development projects in Chile. The company recently announced a significant step forward in securing infrastructure advantages for its Costa Fuego project, including potential port access. With a strong financial position and multiple ongoing projects, Hot Chili aims to unlock significant savings and enhance operational efficiency in the region. The company is also actively engaged in water supply initiatives and land consolidation efforts to strengthen its project pipeline.Rhea-AI Summary
Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) announces the execution of Option Agreements to acquire 100% interest in two historical copper mine areas, Marsellesa and Cordillera, near Costa Fuego Copper-Gold Project in Chile. The acquisition includes planned drilling at both mine areas and aims to enhance the project's resource base and study scale for a 150,000 tpa copper production profile.
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Hot Chili has filed a NI 43-101 Technical Report for the Costa Fuego Copper-Gold Project in Chile. The report supports the Costa Fuego PEA news release, highlighting it as one of the world's lowest capital intensity copper developments. The company has also closed a $15 million Investment Agreement with Osisko Gold Royalties. Other updates include a conceptual study for monetizing water assets, drilling operations underway at Costa Fuego, and further regional consolidation steps. Hot Chili has a strong cash position of A$21.8 million.
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Hot Chili Limited releases updated corporate presentation for Precious Metals Summit, outlining results of recently completed Preliminary Economic Assessment for Costa Fuego Copper-Gold Project. PEA highlights one of the world's lowest capital intensity, major copper developments.
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Hot Chili enters into binding letter of intent with Bastion Minerals for the grant of an option to acquire 100% of Bastion's Cometa Project in Chile. Hot Chili's consolidation strategy for the Costa Fuego copper project. Preliminary Economic Assessment establishes Costa Fuego as a low-risk, long-life copper project with a high annual copper equivalent metal production profile. Hot Chili focused on up-scaling Costa Fuego's resource base and potential study scale towards a 150,000 tpa copper production profile. Material terms of the LOI include an exclusivity period of 60 days and non-refundable cash payments to Bastion.
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FAQ
What is the current stock price of HOT CHILI NEW (HHLKF)?
The current stock price of HOT CHILI NEW (HHLKF) is $0.53 as of December 5, 2024.
What is the market cap of HOT CHILI NEW (HHLKF)?
The market cap of HOT CHILI NEW (HHLKF) is approximately 76.5M.
What is Hot Chili Ltd. focused on?
Hot Chili Ltd. is an Australia-based company focused on copper-gold exploration and development projects in Chile.
What recent announcement did Hot Chili make?
Hot Chili recently announced a significant step forward in securing infrastructure advantages for its Costa Fuego project, including potential port access.
What are Hot Chili's current initiatives?
Hot Chili is actively engaged in water supply initiatives and land consolidation efforts to strengthen its project pipeline.
What is Hot Chili's financial position?
Hot Chili has a strong financial position, enabling the company to pursue multiple projects and unlock significant savings.
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