Hot Chili Limited ( (AU:HCH) ) has provided an update.
Hot Chili Limited announced corrections to its Preliminary Feasibility Study (PFS) for Huasco Water, which outlines a strategic water supply business in Chile’s Huasco Valley. The study reveals strong economic potential with a multi-stage approach to seawater and desalinated water supply, supporting regional mining, community, and agricultural needs. The company has secured necessary permits and is positioned as a first mover in the region, leveraging its maritime license and advancing desalination permitting. This development aligns with Hot Chili’s Costa Fuego Copper-Gold Project, enhancing its strategic value and offering long-term growth opportunities.
More about Hot Chili Limited
Hot Chili Limited is an Australian company operating in the mining industry, focusing on the exploration and development of copper and gold projects. The company is primarily engaged in its Costa Fuego Copper-Gold Project in Chile and is expanding its operations to include a strategic water supply business through its subsidiary, Huasco Water.
YTD Price Performance: -17.78%
Average Trading Volume: 27,384
Technical Sentiment Signal: Buy
Current Market Cap: $57.72M
See more data about HCH stock on TipRanks’ Stock Analysis page.