OTC-PINK:HHLKF

Hot Chili Secures Large Addition to its Costa Fuego Coastal Copper Hub in Chile

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星期二, 四月 30, 2024
PFS, GAC, Social, International, Domeyko, News, MAIG, Statistics, Technical report, ASX, Metallurgy, Growth, Mineral Resources Limited, National Instrument 43-101, Disclosure, Exercise, International Financial Reporting Standards, Legislation, National instrument, Mining, Community, TSX Venture Exchange, Person, Technical, Audit

The Technical Report is intended to be read as a whole, and sections should not be read or relied upon out of context.

Key Points: 
  • The Technical Report is intended to be read as a whole, and sections should not be read or relied upon out of context.
  • The technical information in this news release is subject to the assumptions and qualifications contained in the Technical Report.
  • The Technical Report was compiled by Wood Australia Pty Ltd with contributions from a team of independent qualified persons (within the meaning of NI 43-101).
  • In addition, this news release may contain forward-looking statements attributed to third-party industry sources, the accuracy of which has not been verified by the Company.

Hot Chili and Los Losas Port Execute a MOU to Negotiate Binding Port Services Agreement for Costa Fuego

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星期四, 三月 14, 2024
Refused, MOU, HCH, Feasibility, Copper, ASX, PLL, Feasibility study, Environmental studies, The Port Service, Project, Chili, Engineering, Hot Chili, Transport

"We are pleased to be a joint funding partner with PLL for this feasibility study and the five-year optionality that this MOU provides Hot Chili, to negotiate a binding port services agreement as a foundation bulk concentrate customer at Las Losas.

Key Points: 
  • "We are pleased to be a joint funding partner with PLL for this feasibility study and the five-year optionality that this MOU provides Hot Chili, to negotiate a binding port services agreement as a foundation bulk concentrate customer at Las Losas.
  • Importantly, the MOU with PLL provides Hot Chili the right, for up to five years, to negotiate a binding Port Services Agreement for Costa Fuego.
  • The potential Port Service Agreement would include a "Take or Pay Volume" clause, based on at least 80% of Costa Fuego's projected future annual concentrate production.
  • Hot Chili will fund 20% of the port Feasibility Study, which is estimated to cost approximately US$4.6 million and take approximately two years to complete.

Hot Chili Advances Regional Water Supply Opportunity

Retrieved on: 
星期一, 二月 26, 2024
TSX Venture Exchange, Multimedia, Annual report, News, Projection, Public expenditure, Legislation, Water

The technical information in this news release has been reviewed and approved by Mr. Christian Easterday, MAIG, Hot Chili's Managing Director and a qualified person within the meaning of NI43-101.

Key Points: 
  • The technical information in this news release has been reviewed and approved by Mr. Christian Easterday, MAIG, Hot Chili's Managing Director and a qualified person within the meaning of NI43-101.
  • This news release contains certain statements that are "forward-looking information" within the meaning of Canadian securities legislation and Australian securities legislation (each, a "forward-looking statement").
  • All statements other than statements of historical fact are forward-looking statements.
  • The use of any of the words "believe", "could", "estimate", "expect", "may", "plan", "potential", "projections", "should", "will", "would", variants of these words, and similar expressions are intended to identify forward-looking statements.

Hot Chili Executes Option to Acquire Cometa Project in Chile

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星期三, 二月 21, 2024
BMO, Atacama Region, Soil, Project, TSX Venture Exchange, Acronicta, Mining, Exercise, ASX, Mineral Resources Limited, HCH, VWAP, Lease

Execution of the Option follows successful due diligence and is another step in Hot Chili's consolidation strategy for the Costa Fuego copper project.

Key Points: 
  • Execution of the Option follows successful due diligence and is another step in Hot Chili's consolidation strategy for the Costa Fuego copper project.
  • The material terms of the Option are as follows:
    Non-refundable cash payment of US$100,000 to Bastion has been satisfied upon grant and execution of the Option.
  • Non-refundable cash payment of US$200,000 within 12 months from the grant of the Option to keep the Option in good standing.
  • If the Option is exercised, the consideration payable to Bastion to purchase the Cometa concessions is:
    US$2,400,000 if the Option is exercised by Hot Chili within 18 months from the date of grant of the Option; or
    US$3,000,000 if the Option is exercised by Hot Chili within 30 months from the date of grant of the Option.

Hot Chili Releases Interim Financial Report for Quarter Ended 31 December 2023

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星期三, 一月 31, 2024
Growth, MAIG, News, Legislation, PFS, Metallurgy, Disclosure, TSX Venture Exchange, AIG, Economics, Mineral Resources Limited, Mining

The information in this announcement that relates to Exploration Results for the Marsellesa and Cordillera projects is based upon information compiled by Mr Christian Easterday, the Managing Director and a full-time employee of Hot Chili Limited whom is a Member of the Australasian Institute of Geoscientists (AIG).

Key Points: 
  • The information in this announcement that relates to Exploration Results for the Marsellesa and Cordillera projects is based upon information compiled by Mr Christian Easterday, the Managing Director and a full-time employee of Hot Chili Limited whom is a Member of the Australasian Institute of Geoscientists (AIG).
  • Mr Easterday consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.
  • Forward-looking information is by its nature prospective and requires the Company to make certain assumptions and is subject to inherent risks and uncertainties.
  • The forward-looking statements within this news release are based on information currently available and what management believes are reasonable assumptions.

Hot Chili Commences Next Phase of Resource Expansion Drilling Programme at Costa Fuego

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星期二, 一月 23, 2024
DD, Diamond, Project, Growth, ASX, Atacama Region, HCH, RC, Water supply, Hot Chili, Mining

Next phase of Hot Chili's 30,000m resource growth focused drill programme is underway, with double- shift diamond drilling operations commencing on 12th January 2024 at the Company's low-altitude, Costa Fuego copper-gold project in Chile.

Key Points: 
  • Next phase of Hot Chili's 30,000m resource growth focused drill programme is underway, with double- shift diamond drilling operations commencing on 12th January 2024 at the Company's low-altitude, Costa Fuego copper-gold project in Chile.
  • A total of 47 Reverse Circulation (RC) drill holes for 11,500m have been completed since the Company's resource growth focused drill programme commenced in late July 2023.
  • Drilling aims to test multiple resource growth opportunities, which may allow Hot Chili to consider an up-lift in the Pre-feasibility study scale for Costa Fuego.
  • The Company is in the final stages of completing an upgrade to its mineral resource for Costa Fuego based on all drilling completed since February 2022.

Hot Chili Continues to Expand its Costa Fuego Coastal Copper Hub in Chile

Retrieved on: 
星期三, 十一月 15, 2023
Social, Proprietary company, Canadian Securities Administrators, GAC, State, Growth, News, PEA, Disclosure, Hot Chili, International, Mineral Resources Limited, Copper, Person, TSX Venture Exchange, Exercise, Community, Competent person, National instrument, MAIG, Technical report, Metallurgy, International Financial Reporting Standards, AIG, Statistics, National Instrument 43-101, Society, Legislation, Audit, Mining, Security (finance), Project, Option

The PEA is intended to be read as a whole, and sections should not be read or relied upon out of context.

Key Points: 
  • The PEA is intended to be read as a whole, and sections should not be read or relied upon out of context.
  • The technical information in this news release is subject to the assumptions and qualifications contained in the PEA.
  • The PEA was compiled by Wood Australia Pty Ltd with contributions from a team of independent qualified persons (within the meaning of NI 43-101).
  • Mr Wendlandt is a full-time employee of Wood Pty Ltd and a Registered Professional Engineer in the State of Colorado.

Hot Chili Signs Binding Letter of Intent for Option to Acquire Cometa Project in Chile

Retrieved on: 
星期一, 八月 28, 2023
TSX Venture Exchange, Technical report, Puesto Cortaderas, International Financial Reporting Standards, MAIG, News, Cash flow, National instrument, National Instrument 43-101, Growth, Legislation, Exercise, International, Disclosure, PFS, Canadian Securities Administrators, Qualified Person Responsible For Pharmacovigilance, PEA, NI, LOM, Mineral Resources Limited, Competent person, Statistics, Metallurgy, Person, Mining, Copper, Plastics, Thermoplastic, Audit, Risk management, Project, Option

The PEA is intended to be read as a whole, and sections should not be read or relied upon out of context.

Key Points: 
  • The PEA is intended to be read as a whole, and sections should not be read or relied upon out of context.
  • The technical information in this news release is subject to the assumptions and qualifications contained in the PEA.
  • The PEA was compiled by Wood Australia Pty Ltd with contributions from a team of independent qualified persons (within the meaning of NI 43-101).
  • These performance measures should not be considered in isolation as a substitute for measures of performance in accordance with IFRS.

Hot Chili Commences 30,000m Drill Programme At Costa Fuego Copper-Gold Project

Retrieved on: 
星期四, 八月 3, 2023
TSX Venture Exchange, International, Technical report, Person, Mineral resource estimation, Resource, Competent person, Disclosure, Statistics, Cash flow, Metallurgy, Canadian Securities Administrators, Qualified Person Responsible For Pharmacovigilance, PEA, National instrument, NI, International Financial Reporting Standards, Mining, National Instrument 43-101, Growth, Copper, LOM, News, Mineral Resources Limited, Legislation, Financial adviser, Thermoplastic, Audit, Risk management, Cryptocurrency

See Page 9 for complete Mineral Resource disclosure of Costa Fuego.

Key Points: 
  • See Page 9 for complete Mineral Resource disclosure of Costa Fuego.
  • The PEA is intended to be read as a whole, and sections should not be read or relied upon out of context.
  • The technical information in this news release is subject to the assumptions and qualifications contained in the PEA.
  • Management uses these statistics to assess how the Costa Fuego Project compares against its peer projects and to assess the overall effectiveness and efficiency of the contemplated mining operations.