Hot Chili outlines strategic advancements at Costa Fuego in Chile at PDAC 2024
Toronto, Canada
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March 18, 2024 01:16 PM Eastern Daylight Time
Hot Chili Ltd (ASX:HCH, TSX-V:HCH, OTCQX:HHLKF) CEO Christian Easterday tells Proactive's Angela Harmantas that the company is at the forefront of developing the Costa Fuego project, a significant pre-development venture on Chile's coast.
Speaking at PDAC 2024, Easterday told Proactive the project boasts several unique features, such as its lower elevation at approximately 800 meters, providing an edge over other operations situated at higher altitudes. With the Pan American highway access, secured water and power rights, and permits for essential infrastructure in place, Costa Fuego is poised for success.
A recent milestone was the completion of a preliminary economic assessment last year, followed by an updated resource estimate, boosting the project's indicated resources to just under 800 million tonnes. This update marks a pivotal step towards initiating a pre-feasibility study, reinforcing Hot Chili's commitment to advancing Costa Fuego through meticulous land consolidation and exploration.
The strength of the Hot Chili team is undeniable, led by Easterday and supported by a robust board and management team across Chile and Perth. This team's expertise is integral to the project's ongoing development and future success.
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