Business
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 pleased to announce the results of a Pre-Feasibility Study ("PFS") for the Company's subsidiary Huasco Water, an 80%-owned entity that controls strategic water assets in the Huasco Valley of Chile.
About this update from Hot Chili Limited
[{"type":"text","content":"PERTH, Australia, March 31, 2025 /CNW/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce the results of a Pre-Feasibility Study ("PFS") for the Company's subsidiary Huasco Water, an 80%-owned entity that controls strategic water assets in the Huasco Valley of Chile.","length":362,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p","attribs":{}},{"type":"text","content":"Strong Economics for a Large, Multi-User, Water Business","length":56,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Stage 11 Water Supply PFS for 500L/s of Potential Seawater Supply: Post-tax Net Present Value (NPV8%) of US$116 million and Internal Rate of Return (IRR) of 19%. Start-up capital cost for seawater supply estimated at US$151 million with a 4.5 year payback","length":261,"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$958 million and IRR of 19%. Start-up capital cost for desalinated water supply estimated at US$1.4 billion with a 4 year payback","length":238,"tagName":"p"}]},{"val":[{"type":"text","content":"Stage 3 Conceptual Study for 2,300 L/s of Potential Desalinated Water Supply: Post-tax NPV8% of approximately US$1.3 billion and IRR of around 19%. Expansion capital cost for desalinated water supply estimated at US$1.9 billion with a 3.5 year payback","length":262,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":761,"olType":false},{"type":"text","content":"Stage 1- Multi-Decade Seawater Supply to Costa Fuego","length":52,"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","length":178,"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 connection to the electrical grid secured","length":192,"tagName":"p"}]},{"val":[{"type":"text","content":"Near-Term & Tied to Costa Fuego Development Decision: First water supp...