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Hot Chili Announces PFS & Maiden(1) Mineral Reserve(2) for the Costa Fuego Cu-Au Project Top Quartile Copper Production Scale 3 , Lowest Quartile Capital Intensity Located on the Coastal Range in Chile

Resource Estimates Economic Studies

Hot Chili Announces PFS & Maiden(1) Mineral Reserve(2) for the

Costa Fuego Cu-Au Project

Top Quartile Copper Production Scale

3

, Lowest Quartile Capital Intensity Located on the Coastal Range in

Chile

PERTH, Australia

,

March 27, 2025

/CNW/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is

pleased to announce the results of a Pre-Feasibility Study ("PFS"), prepared in accordance with National Instrument 43-101 – Standards of

Disclosure for Mineral Projects ("NI 43-101") of the Canadian Securities Administrators, for its Costa Fuego copper-gold project (the "Costa

Fuego Project" or "Costa Fuego"). All monetary amounts are expressed in

United States

dollars unless otherwise indicated.

PFS Highlights

Globally Meaningful Scale & Multi-Decade Mine Life

Project Life Extended to 20 Years

Average Annual Production Increased 116 ktpa Average CuEq

4

Production Rate

: Including 95 kt Cu and 48 koz Au during primary

production (first 14 years)

Competitive Cost Position

: Life of mine (LOM) average C1 Cash Cost

5

of

US$ 1.38

/lb and All-in-Sustaining Cost of

US$1.85

/lb (both

estimated net of by-product credits)

Increase in Total Copper and Gold Production

: 1.5 Mt Cu (3.31 Blb Cu) and 780 koz Au produced over the LOM

Robust Financial Profile

: Total LOM free cash flow of approximately

US$3.86 Billion

(post-tax, after operating costs, capital costs, and

royalties)

Significant Risk Reduction

: PFS prepared assuming ± 25% accuracy. An additional

US$442 million

of capital costs applied to significantly

reduce key areas of risk, including changes in project scope and inflationary pressures

Strong Economics and Leverage to Rising Copper Price

Post-tax Net Present Value (NPV8%) of

US$1.2 billion

(approximately, within a range of

US$786 million

to

US$1.62 Billion

)

and post-tax

Internal Rate of Return (IRR) of 19%

(approximately, within a range of 15% to 22%)

First Quartile Capital Intensity

: Start-up Capital Cost of

US$ 1.27 billion

delivers a capital intensity of

US$ 14,079

/t of average annual

CuEq. metal produced

Highly Leveraged to Copper Price

: At current spot copper price of

US$5.30

/lb

6

, post-tax NPV8% increases to

US$2.2 billion

and post-tax

IRR to 30%, respectively

Low-Risk, Coastal Copper Development with Advanced Permitting

Low Elevation and Over a Decade of Permitting Advance:

One of only a few global copper development projects at low elevation with a

water permit, and grid power

Preparing to submit Environmental Impact Assessment (EIA):

Costa Fuego Stage-1 (EIA-1) based on current PFS-scale and definition

Maiden Mineral Reserve for Costa Fuego Lowers Operational Risk

1,2

Probable Mineral Reserves of

502 Mt

at 0.37% Cu, 0.10 g/t Au, 0.49 g/t Ag and 97 ppm Mo:

Across sulphide concentrator, oxide leach

and low-grade sulphide leach processing streams

Poised for Up-Scale Opportunity

La Verde Cu-Au Porphyry Discovery Adds Growth Engine:

Major discovery confirmed (refer to announcement dated

February 11, 2025

)

and providing a strong platform for significant potential front-end open pit mine life growth

Second EIA commenced:

Integrating La Verde into the Costa Fuego Stage-2 (EIA-2) copper production hub has potential to materially

enhance project economics ahead of completion of a planned Definitive Feasibility Study

_____________________________________

1

Hot Chili previously released Ore Reserves for Productora declared according to JORC Code 2012, a component of Costa Fuego, in the ASX announcement 'Hot Chili Delivers PFS and Near Doubles Reserves at Productora' 2 March 2016. The mineral reserves

disclosed in this news release represent the maiden Mineral Reserve estimates for the Cortadera, San Antonio and Alice deposits, and the first Mineral Reserve Estimates for the Productora and as a whole Costa Fuego that are reported in accordance with NI 43-

101.

2

Hot Chili is a dual listed entity and complies with the JORC 2012 code for the ASX for the reporting of Exploration Results, Mineral Resources and Ore Reserves. The company complies with CIM Definition Standards for Mineral Resources and Mineral Reserves

(10 May 2014) that are incorporated by reference into NI 43-101 for the its reporting obligations in Canada as a result of having its shares listed on the TSX Venture Exchange. The terminology of Mineral Reserves (within the meaning of NI 43-101) and Ore

Reserves (within the meaning of the JORC Code 2012) have equivalent meanings, and references to the Mineral Reserves within this announcement refer to Ore Reserves within the meaning of the JORC Code 2012.

3

S&P Market Intelligence. The Global Developer Peer Group of project studies were selected on the following basis: Global primary copper projects (not controlled by a major mining company), with net by-product credits where applicable, reporting studies of

average annual life-of-mine copper production of greater than 40 kt, which have been published within the last 5 years.

4

The copper-equivalent (CuEq) annual production rate was based on the combined processing feed (across all sources) and used long-term commodity prices of: Copper US$ 4.30/lb, Gold US$ 2,280/oz, Molybdenum US$ 20/lb, and Silver US$25/oz; and

estimated metallurgical recoveries for the production feed to the following processes: Concentrator (86% Cu, 54% Au, 37% Ag, 70% Mo), Oxide Leach (65% Cu only), & Low-grade Sulphide Leach (39% Cu only).

5

See page Announcement page 3 for full non-IFRS measures disclaimer.

6

Copper price – Fast markets quote 26/03/2025. High of $5.37/lb closing price $5.24/lb

Hot Chili's Managing Director Mr.

Christian Easterday

commented

,

"We are very pleased to deliver our PFS for Costa Fuego on-time and within guidance.

The study provides a strong basis for our final stage of development and places Costa Fuego within an elite grouping of copper developments

globally.

With both copper and gold prices at record highs, our PFS has demonstrated two of the most critical factors in assessing the likelihood of

meaningful, near-term copper supply – top quartile production capacity and lowest quartile capital intensity.

Importantly, exploration success at our recently confirmed La Verde Cu-Au porphyry discovery represents a highly prospective further growth

opportunity for Hot Chili.

Our next steps for Costa Fuego are two-pronged:

1

.

rapid acceleration of drilling and environmental activity at La Verde to lay foundations for integrating material resource and mine life

growth, and

2

.

commencement of a Definitive Feasibility Study and submission of our stage-1 EIA to keep the project on-track for first production before

the end of the decade.

With cash of approximately

A$19 million

as at 31

st

December 2024

and both of our key assets (Costa Fuego and Huasco Water) at PFS level

study, we are well positioned to pursue potential strategic partnership and sponsorship funding discussions.

We look forward to providing further updates on drilling (La Verde) and development (Huasco Water) activities, in addition to further changes to

our Board of Directors and Management group which aim to further strengthen our capability at this critical inflexion point in the Company's

history

".

Pre-Feasibility Study Overview

The Costa Fuego PFS outlines a copper-gold project delivering an annual copper equivalent metal production profile of 90 kt for the 20-year

processing life (including over 116 kt for the first 14 years). Project economics are strongly leveraged to further resource growth and copper price

appreciation.

The Costa Fuego Project combines four mineral deposits within three discrete mining areas comprising porphyry-hosted copper-gold-

molybdenum, iron-oxide copper-gold-molybdenum and high-grade skarn-hosted copper mineralisations. The current Mineral Resource for Costa

Fuego with an effective date of

February 26, 2024

is reported as 2.76 Mt of contained copper

1

and all mining areas are contained within a tight

20 km radius. Costa Fuego benefits from a favourable elevation at

740 m

above sea level, is proximal to port facilities (~60 km) and has access

to existing infrastructure.

The Costa Fuego Project's proximity to the regional centre and capital of the Huasco Province, Vallenar (population 52 000), ensures that an

experienced and capable local workforce would be available, and no camp build would be required.

_____________________________

1

Refer to the table below for full Mineral Resource disclosure.

Mining and Processing

Mining of oxide and sulphide processing feed utilises both open-pit and underground (block cave) bulk mining methodologies. Early mining is

concentrated at the Productora open-pit, where high-grade, near-surface feed is front-ended to aid in the payback of construction capital and to

fund development of the underground block cave at Cortadera.

Processing plant feed is mined at relatively low-cost due to competitive ore to waste strip ratios (1:1.5 for the open pits).

Copper in sulphide is predominantly chalcopyrite-hosted, readily recovered by a conventional crush-grind-float methodology to produce a clean,

marketable concentrate with very low levels of deleterious elements. Substantial credit is added with the presence of gold and silver in copper

concentrate, as well as a separate molybdenum concentrate.

The sulphide concentrator, located near the Productora-Alice mining area, is designed for a nominal throughput of 20.7 Mtpa and capable of

averaging 21.7 Mtpa across the project life.

Oxide and low-grade sulphide ore is processed on heap and dump-leach facilities at Productora, respectively, with testwork confirming strong

recoveries using a hyperchloride leach solution. Copper is extracted from solution through an SX-EW plant. The heap leach pad is designed to

accept 4 Mtpa, with the SX-EW facility producing a maximum of 12 ktpa of copper cathode.

Permitting and Stakeholder Engagement

Environmental surveys and other studies required for project permitting are well advanced, with submission of an environmental impact

assessment for the Costa Fuego Project planned for 2025.

Growth and Opportunity

Significant opportunity still exists to add to the Costa Fuego Project, with the recent discovery of copper-gold porphyry mineralisation at La Verde

located 50 km by road from the processing facility at Productora. Additional growth opportunities are being investigated at the recently

consolidated Domeyko tenement package, with field reconnaissance completed at a number of priority targets.

High-value development optimisations are still being investigated across mining and processing, including an opportunity to monetise cobalt and

increase overall copper and gold recovery through inclusion of a pyrite concentrate circuit, and the investigation of a single open-pit scenario at

Cortadera removing the requirement for the underground block cave.

Mineral Resource Estimate

The Costa Fuego Mineral Resource ( "MRE" ) is reported in accordance with the Joint Ore Reserves Committee Code (2012) and the Canadian

Institute of Mining, Metallurgy and Petroleum ( "CIM" ) Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the

CIM Standing Committee on Reserve Definition, as required by NI 43-101.

Indicated Mineral Resources for the Costa Fuego Project total 798 Mt @ 0.45% CuEq

1

(0.37% Cu, 0.10 g/t Au, 0.50 g/t Ag, and 85 ppm Mo)

1

.

The MRE has an effective date of

February 26, 2024

, and was reported within open pit and block cave shapes generated considering reasonable

prospect of eventual economic extraction ( "RPEEE" ).

Drilling across Costa Fuego has been completed over 15 years, beginning with Productora and Alice in 2010, followed by

San Antonio

in 2018

and then Cortadera in 2019. The Costa Fuego MRE are informed by approximately 76

400 m

of diamond drilling and 284

000 m

of reverse

circulation drilling across the four mineral deposits.

Estimation of the main grade variables (copper, gold, silver, and molybdenum) was completed using categorical indicator kriging, ordinary block

kriging and inverse distance interpolation within either manually interpreted mineralisation domains or software-guided grade interpolants, and

sometimes a combination of both methodologies. Mineral Resources were classified as either Indicated or Inferred, based on a range of criteria,

including but not limited to, geological and grade continuity between drill holes, drill hole spacing, mineralisation type, and data quality.

_____________________________

1

Mineral Resources are inclusive of Mineral Reserves

Costa Fuego Mineral Resource Estimate (February 26, 2024)

Grade

Contained Metal

Classification

Tonnes

CuEq*

Cu

Au

Ag

Mo

CuEq*

Cu

Au

Ag

Mo

(Mt)

( %)

( %)

(g/t)

(g/t)

(ppm)

(kt)

(kt)

(koz)

(koz)

(kt)

Indicated

798

0.45

0.37

0.10

0.50

85

3 620

2 910

2 640

12 800

68

M+I Total

798

0.45

0.37

0.10

0.50

85

3 620

2 910

2 640

12 800

68

Inferred

203

0.31

0.25

0.06

0.36

61

640

516

416

2 330

13

1

Mineral Resources are reported on a 100% Basis - combining Mineral Resource estimates for the Cortadera, Productora, Alice and San Antonio deposits. All figures are rounded, reported to appropriate significant figures and reported in accordance with the

Joint Ore Reserves Committee Code (2012) and NI 43-101. Mineral Resource estimation practices are in accordance with CIM Estimation of Mineral Resource and Mineral Reserve Best Practice Guidelines (29 November 2019) and reported in accordance CIM

Definition Standards for Mineral Resources and Mineral Reserves (10 May 2014) that are incorporated by reference into NI 43-101.

2

Mineral Resources are inclusive of the Mineral Reserve

3

The Productora deposit is 100% owned by Chilean incorporated company Sociedad Minera El Aguila SpA (SMEA). SMEA is a joint venture (JV) company – 80% owned by Sociedad Minera El Corazón SpA (a 100% subsidiary of Hot Chili), and 20% owned by

Compañía Minera del Pacífico S.A (CMP).

4

The Cortadera deposit is controlled by a Chilean incorporated company Sociedad Minera La Frontera SpA (Frontera). Frontera is a subsidiary company – 100% owned by Sociedad Minera El Corazón SpA, which is a 100% subsidiary of Hot Chili.

5

The San Antonio deposit is controlled through Frontera (100% owned by Sociedad Minera El Corazón SpA, which is a 100% subsidiary of Hot Chili Liited) and Frontera is party to an Option Agreement pursuant to which it can earn a 100% interest in the

property.

6

The Mineral Resource Estimates (MRE) in the tables above form coherent bodies of mineralisation that are considered amenable to a combination of open pit and underground extraction methods based on the following parameters: Base Case Metal Prices:

Copper US$ 3.00/lb, Gold US$ 1,700/oz, Molybdenum US$ 14/lb, and Silver US$20/oz.

7

All MRE were assessed for Reasonable Prospects of Eventual Economic Extraction (RPEEE) using both Open Pit and Block Cave Extraction mining methods at Cortadera and Open Pit mining methods at the Productora, Alice and San Antonio deposits.

8

Metallurgical recovery averages for each deposit consider Indicated + Inferred material and are weighted to combine sulphide flotation and oxide leaching performance. Process recoveries: Cortadera – Weighted recoveries of 82% Cu, 55% Au, 81% Mo and

36% Ag. CuEq(%) = Cu(%) + 0.55 x Au(g/t) + 0.00046 x Mo(ppm) + 0.0043 x Ag(g/t). San Antonio - Weighted recoveries of 85% Cu, 66% Au, 80% Mo and 63% Ag. CuEq(%) = Cu(%) + 0.64 x Au(g/t) + 0.00044 x Mo(ppm) + 0.0072 x Ag(g/t) Alice - Weighted

recoveries of 81% Cu, 47% Au, 52% Mo and 37% Ag. CuEq(%) = Cu(%) + 0.48 x Au(g/t) + 0.00030 x Mo(ppm) + 0.0044 x Ag(g/t). Productora – Weighted recoveries of 84% Cu, 47% Au, 48% Mo and 18% Ag. CuEq(%) = Cu(%) + 0.46 x Au(g/t) + 0.00026 x

Mo(ppm) + 0.0021 x Ag(g/t). Costa Fuego – Recoveries of 83% Cu, 53% Au, 71% Mo and 26% Ag. CuEq(%) = Cu(%) + 0.53 x Au(g/t) + 0.00040 x Mo(ppm) + 0.0030 x Ag(g/t)

9

Copper Equivalent (CuEq) grades are calculated based on the formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery) + (Mo ppm × Mo price per g/t × Mo_recovery) + (Au ppm × Au price per g/t × Au_recovery) + (Ag ppm × Ag price per g/t ×

Ag_recovery)) / (Cu price 1% per tonne × Cu recovery). The base case cut-off grade for Mineral Resources considered amenable to open pit extraction methods at the Cortadera, Productora, Alice and San Antonio deposits is 0.20% CuEq, while the cut-off grade

for Mineral Resources considered amenable to underground extraction methods at the Cortadera deposit is 0.27% CuEq. It is the Company's opinion that all the elements included in the CuEq calculation have a reasonable potential to be recovered and sold.

10

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The MRE include Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable

them to be categorised as Mineral Reserves. It is reasonably expected that the majority of Inferred mineral resources could be upgraded to Measured or Indicated Mineral Resources with continued exploration.

11

The effective date of the MRE is 26 February 2024. The MRE were previously reported in Hot Chili's technical report entitled "Costa Fuego Copper Project – NI 43-101 Technical Report Mineral Resource Estimate Update" dated April 8, 2024 with an effective date

of February 26, 2024 (the "2024 MRE"). Hot Chili confirms it is not aware of any new information or data that materially affects the information included in the 2024 PEA and all material assumptions and technical parameters stated for the MRE in the 2024 PEA

continue to apply and have not materially changed.

12

Hot Chili Limited is not aware of political, environmental, or other risks that could materially affect the potential development of the Mineral Resources other than as disclosed in the 2024 PEA. A detailed list of Costa Fuego Project risks is included in Chapter 25.12

of the 2024 PEA.

Mineral Reserve Estimate

The Costa Fuego Project at PFS stage envisages conventional open pit, truck and shovel operation from four mineral deposits (Alice, Cortadera,

Productora, and

San Antonio

) and underground block caving from a single mine area (Cortadera, below Cuerpo 3 open pit). Ore would be

processed either via heap leach (oxide only), concentrator (transitional and fresh only), or low-grade dump leach (all material classifications).

The Probable Mineral Reserve is based on Indicated Mineral Resources within resource block models regularised to

5 m

* x

10 m

(y) x

5 m

(z).

Only Indicated blocks have been considered for the Mineral Reserve, with metal grades for Inferred Resource blocks coded to zero before the

first stage of model optimisation.

Dilution and ore loss is captured within the mineral resource block model due to regularisation to the singular mining unit ( "SMU" ). This is

considered appropriate for the large-scale mineralised systems that comprise the majority of the Costa Fuego Mineral Reserve.

Mineral Reserve evaluation was completed using a series of open pit optimisation created using Net Smelter Return ( "NSR" ) cut-offs which were

subsequently engineered into mining design stages.

Costa Fuego Mineral Reserve Estimate (March 27, 2025)

Grade

Contained Metal

Tonnes

Cu

Au

Ag

Mo

Cu

Au

Ag

Mo

(Mt)

( %)

(g/t)

(g/t)

(ppm)

(kt)

(koz)

(koz)

(kt)

Open Pit

Concentrator

Proven

-

-

-

-

-

-

-

-

-

Probable

293

0.36

0.08

0.37

113

1 043

728

3 517

33

Total

293

0.36

0.08

0.37

113

1 043

728

3 517

33

Heap Leach

Proven

-

-

-

-

-

-

-

-

-

Probable

41

0.35

0.07

0.43

35

142

96

563

1

Total

41

0.35

0.07

0.43

35

142

96

563

1

Dump Leach

Proven

-

-

-

-

-

-

-

-

-

Probable

22

0.13

0.03

0.23

41

29

20

168

1

Total

22

0.13

0.03

0.23

41

29

20

168

1

Combined

Proven

-

-

-

-

-

-

-

-

-

Probable

356

0.34

0.07

0.37

98

1 213

844

4 248

35

Total

356

0.34

0.07

0.37

98

1 213

844

4 248

35

Underground

Concentrator

Proven

-

-

-

-

-

-

-

-

-

Probable

146

0.44

0.16

0.79

93

645

734

3 704

14

Total

146

0.44

0.16

0.79

93

645

734

3 704

14

Combined (Open Pit and Underground)

Proven

-

-

-

-

-

-

-

-

-

Probable

502

0.37

0.10

0.49

97

1 858

1 578

7 951

49

Total

502

0.37

0.10

0.49

97

1 858

1 578

7 951

49

1

Mineral Reserves are reported on a 100% Basis - combining Mineral Reserve estimates for the Cortadera, Productora, Alice and San Antonio deposits, and have an effective date of 27 March 2025.

2

An Ore Reserve (declared in accordance with JORC Code 2012) was previously reported at Productora, a component of Costa Fuego, on 2nd March 2016 on the ASX. The Company was not subject to the requirements of NI 43-101 at that time.

3

Mineral Reserve estimation practices are in accordance with CIM Estimation of Mineral Resource and Mineral Reserve Best Practice Guidelines (29 November 2019) and reported in accordance CIM Definition Standards for Mineral Resources and Mineral

Reserves (10 May 2014) that are incorporated by reference into NI 43-101.

4

The Mineral Reserve reported above was not additive to the Mineral Resource. The Mineral Reserve is based on the 26 February 2024 Mineral Resource.

5

Tonnages and grades are rounded to two significant figures. All figures are rounded, reported to appropriate significant figures and reported in accordance with the Joint Ore Reserves Committee Code (2012) and NI 43-101. As each number is rounded

individually, the table may show apparent inconsistencies between the sum of rounded components and the corresponding rounded total.

6

Mineral Reserves are reported using long-term metal prices of US$4.30/lb Cu, US$2,280/oz Au, US$27/oz Ag, US$20/lb Mo.

7

The Mineral Reserve tonnages and grades are estimated and reported as delivered to plant (the point where material is delivered to the processing facility) and is therefore inclusive of ore loss and dilution.

8

The Productora deposit is 100% owned by Chilean incorporated company Sociedad Minera El Aguila SpA (SMEA). SMEA is a joint venture (JV) company – 80% owned by Sociedad Minera El Corazón SpA (a 100% subsidiary of Hot Chili), and 20% owned by

Compañía Minera del Pacífico S.A (CMP).

9

The Cortadera deposit is controlled by a Chilean incorporated company Sociedad Minera La Frontera SpA (Frontera). Frontera is a subsidiary company – 100% owned by Sociedad Minera El Corazón SpA, which is a 100% subsidiary of Hot Chili.

10

The San Antonio deposit is controlled through Frontera (100% owned by Sociedad Minera El Corazón SpA, which is a 100% subsidiary of Hot Chili) and Frontera is party to an Option Agreement pursuant to which it can earn a 100% interest in the property.

11

The Mineral Reserve Estimate as of 27 March 2025 for Costa Fuego was prepared by Anton von Wielligh, Fellow with the AUSIMM (FAUSIMM). Mr. von Wielligh fulfils the requirements to be a "Qualified Person" within the meaning of NI 43-101 and is the

Competent Person under JORC for the Mineral Reserve.

12

Hot Chili Limited is not aware of political, environmental, or other risks that could materially affect the potential development of the Mineral Reserves other than those that will be disclosed in a technical report for the PFS. A detailed list of Costa Fuego Project risks

is also included in Chapter 25.12 of the 2024 PEA.

National instrument 43-101

An independent technical report for the PFS, prepared in accordance with NI 43-101 will be available under the Company's SEDAR profile and

website within the next 45 days.

Qualified Persons

The PFS was compiled by Wood Australia Pty Ltd with contributions from a team of independent Qualified Persons within the meaning of NI 43 -

101. The scientific and technical information contained in this news release pertaining to Costa Fuego has been reviewed and verified by the

following independent qualified persons within the meaning of NI 43-101:

Ms Elizabeth Haren (FAUSIMM (CP) & MAIG) of Haren Consulting – Mineral Resource Estimate

Mr

Dean David

(FAUSIMM (CP)) of Wood Pty Ltd – Metallurgy

Mr Piers Wendlandt (PE) of Wood Pty Ltd – Market Studies and Contracts, Economic Analysis

Mr David Cuello (MAUSIMM) of GMT Servicios de Ingeniería – Geotechnical

Mr

Jeffrey Stevens

(Pr. Eng, MSAIMM) of Wood Pty Ltd – Infrastructure and Capital Cost

Mr Luis Bernal (Comisión Minera (PC) Registered Member) of Process Mineral Consulting – Leaching

Mr Anton von Wielligh (FAUSIMM) of ABGM Consulting Pty Ltd – Mine Planning and Scheduling

Mr Edmundo LaPorte (PE, PEng, CPEng, SME Registered Member) of High River Services - Environmental

The above independent Qualified Persons have verified the information disclosed herein, including the sampling, preparation, security, and

analytical procedures underlying such information.

A corporate presentation outlining the results of the PFS is being filed concurrently with this news release.

The Company will be hosting webinars on Monday 31

st

March

10.00 am EST

(for North American audience) to brief shareholders and investors

on the outcomes of the Costa Fuego and Huasco Water PFS.

Hot Chili's Chief Executive Officer

Christian Easterday

, Executive Vice President

Jose Ignacio Silva

, Chief Operating Officer

Grant King

and Chief

Financial Officer

Ryan Finkelstein

will be hosting the call, which will also include a Q&A session.

The following links will provide access to the Costa Fuego investor briefing webinar:

Register Here for North American Webinar

Monday 31

st

March at

10.00 am EST

After registering, you will receive a confirmation email containing information about joining the webinar.

This announcement is authorised by the Board of Directors for release to ASX and TSXV.

Hot Chili's Managing Director and Chief Executive Officer Mr

Christian Easterday

is responsible for this announcement and has

provided sign-off for release to the ASX and TSXV.

For more information please contact:

Christian Easterday

Managing Director – Hot Chili

Tel: +61 8 9315 9009

Email:

[email protected]

Carol Marinkovich

Company Secretary – Hot Chili

Tel: +61 8 9315 9009

Email:

[email protected]

Graham Farrell

Investor & Public Relations (Canada)

Email:

[email protected]

or visit Hot Chili's website at

www.hotchili.net.au

View original content:

https://www.prnewswire.com/news-releases/hot-chili-announces-pfs--maiden1-mineral-reserve2-for-the-costa-fuego-cu-au-project-302412863.html

SOURCE

Hot Chili Limited

View original content:

http://www.newswire.ca/en/releases/archive/March2025/27/c1622.html

%SEDAR: 00053528E

CO: Hot Chili Limited

CNW 06:00e 27-MAR-25