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Hot Chili Announces PFS & Maiden(1) Mineral Reserve(2) for the Costa Fuego Cu-Au Project
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"), prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") of the Canadian Securities Administrators, for its Costa Fuego copper-gold project (the "Costa Fuego Project" or "Costa Fuego"). All monetary amounts are expressed in United States dollars unless otherwise indicated.
About this update from Hot Chili Limited
[{"type":"text","content":"Top Quartile Copper Production Scale3, Lowest Quartile Capital Intensity Located on the Coastal Range in Chile","length":110,"tagName":"p","attribs":{}},{"type":"text","content":"PERTH, Australia, March 27, 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"), prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") of the Canadian Securities Administrators, for its Costa Fuego copper-gold project (the "Costa Fuego Project" or "Costa Fuego"). All monetary amounts are expressed in United States dollars unless otherwise indicated.","length":596,"tagName":"p"},{"type":"text","content":"PFS Highlights","length":14,"tagName":"p","attribs":{}},{"type":"text","content":"Globally Meaningful Scale & Multi-Decade Mine Life","length":54,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Project Life Extended to 20 Years","length":33,"tagName":"p"}]},{"val":[{"type":"text","content":"Average Annual Production Increased 116 ktpa Average CuEq4 Production Rate: Including 95 kt Cu and 48 koz Au during primary production (first 14 years)","length":156,"tagName":"p"}]},{"val":[{"type":"text","content":"Competitive Cost Position: Life of mine (LOM) average C1 Cash Cost5 of US$ 1.38/lb and All-in-Sustaining Cost of US$1.85/lb (both estimated net of by-product credits)","length":171,"tagName":"p"}]},{"val":[{"type":"text","content":"Increase in Total Copper and Gold Production: 1.5 Mt Cu (3.31 Blb Cu) and 780 koz Au produced over the LOM","length":112,"tagName":"p"}]},{"val":[{"type":"text","content":"Robust Financial Profile: Total LOM free cash flow of approximately US$3.86 Billion (post-tax, after operating costs, capital costs, and royalties)","length":147,"tagName":"p"}]},{"val":[{"type":"text","content":"Significant Risk Reduction: PFS prepared assuming ± 25% accuracy. An additional US$442 million of capital costs applied to significantly reduce key areas of risk, including changes in project scope and inflationary pressures","length":224,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":843,"olType":false},{"type":"text","content":"Strong E...