Hot Chili Limited (AU:HCH) has released an update.
Hot Chili Limited has reported significant progress in their Costa Fuego project with a 6% increase in copper-equivalent contained metal and a robust 85% of resources now classified as Indicated, setting a strong foundation for an upcoming Pre-feasibility study. Additionally, the company has completed a Water Supply Concept Study, is moving towards the creation of a new water company, and has expanded its regional presence with new landholdings and a memorandum of understanding for port services. Despite pausing drilling activities, Hot Chili maintains a healthy cash position of A$9.5 million, as they continue geophysical surveys to guide future exploration.
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