Business
CORRECTION - Hot Chili Announces PFS for Huasco Water & MOU for Seawater Supply to Costa Fuego
Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is providing corrections to yesterday's news release announcing the Preliminary Feasibility Study ("PFS") for Huasco Water, an 80% owned entity that controls strategic water rights in the Huasco Valley of Chile. The minor corrections are with respect to certain figures that did not align with the correct version that was previously announced on the Australian Stock Exchange.
About this update from Hot Chili Limited
[{"type":"text","content":"PERTH, Australia, April 1, 2025 /PRNewswire/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is providing corrections to yesterday's news release announcing the Preliminary Feasibility Study ("PFS") for Huasco Water, an 80% owned entity that controls strategic water rights in the Huasco Valley of Chile. The minor corrections are with respect to certain figures that did not align with the correct version that was previously announced on the Australian Stock Exchange.","length":545,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p","attribs":{}},{"type":"text","content":"Strong Economics for a Large, Multi-User, Water Business","length":86,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Stage 11 Water Supply Preliminary Feasibility Study (PFS) for 500L/s of Potential Seawater Supply: Post-tax Net Present Value (NPV8%) of US$122 million and Internal Rate of Return (IRR) of 19%. Construction capital cost for seawater supply estimated at US$151 million with a 4.5-year payback","length":291,"tagName":"p"}]},{"val":[{"type":"text","content":"Stage 2 Water Supply PFS for 1,300 L/s of Potential Desalinated Water Supply: Post-tax NPV8% of US$977 million and IRR of 19%. Construction capital cost for desalinated water supply estimated at US$1.4 billion with a 4- year payback. Stage 2 financial outcomes include Stage 1 capital and operating cashflows","length":308,"tagName":"p"}]},{"val":[{"type":"text","content":"Stage 3 Conceptual Study for Expansion to 2,300 L/s of Potential Desalinated Water Supply","length":89,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":688,"olType":false},{"type":"text","content":"Stage 1- Multi-Decade Seawater Supply to Costa Fuego","length":77,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"20 Year Seawater Supply with Foundation Off-taker: Memorandum of Understanding (MOU) executed for water supply of up to 500 L/s to Hot Chili's Costa Fuego Copper-Gold Project (Costa Fuego)","length":192,"tagName":"p"}]},{"val":[{"type":"text","content":"Long Lead-times Permits Secured: Granted maritime water concession to extract seawater, permit for coastal land access, Stage 1 pipeline easements and con...