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Hot Chili Limited (ASX: HCH) (TSXV:HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce another important step toward infrastructure consolidation for the Company’s low-altitude, Costa Fuego senior copper development in Chile.
The Chilean Naval Authority have granted Hot Chili access to the physical land of its Maritime Concession for extraction of sea water just 60 kilometres from the proposed location of Costa Fuego’s central processing facilities.
Access to the coastal land surrounding the Maritime Concession provides yet another government approval in the Company’s regulatory process to develop Costa Fuego.
Hot Chili was awarded its Maritime Concession in late 2020 (as announced to ASX on 7th December 2020), which provided critical water extraction rights for Costa Fuego, securing sufficient water supply for a new large- scale conventional copper-gold operation.
Water extraction and land access rights for sea water supply and processing differentiate Costa Fuego as a leading new “green” copper development, ensuring no ground water will be used and no de-salination plant is required. This is in addition to other green credentials the project boasts, including existing infrastructure footprint, electrical connection, proximity to the largest solar projects in Chile and clean (arsenic-free) concentrate.
The Directors would like to thank the Chilean Maritime Authorities for their efficient legal proceedings to approve Hot Chili´s maritime application (water extraction right and associated land access rights) and supporting the development of a new large-scale copper hub for the Vallenar region of Chile.
Click here for the full ASX Release
This article includes content from Hot Chili Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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