Appointment of New Canadian Director
Hot Chili Limited ACN 130 955 725
First Floor, 768 Canning Highway, Applecross, Western Australia 6153
PO Box 1725, Applecross, Western Australia 6953
P: +61 8 9315 9009 F: +61 8 9315 5004
www.hotchili.net.au
Contact
Mr Christian Easterday
Managing Director
Appointment of New Canadian Director
Hot Chili Limited (ASX: HCH) (TSXV:HCH) (OTCQX: HHLKF) (“Hot Chili” or “Company”) is pleased
to announce that the Company proposes to appoint experienced mining executive, Mr Stephen Quin,
to the Board of Hot Chili as an independent Non-Executive Director.
Mr Quin’s appointment will be effective once he has obtained a n Australian Director Identification
Number as required by Australian law and expected to occur by the end of February 2023. Further,
due to the Company’s listing on the TSX Venture Exchange (“TSXV"), the appointment remains
subject to approval by the TSXV.
Non-executive Chairman Dr Nicole Adshead-Bell commented “We are very pleased to welcome a director
of Stephen’s calibre to the Board of Hot Chili. As the former President & CEO of Sherwood Copper (prior
to its acquisition by Capstone Mining) he was responsible for the successful permitting and project financing,
followed by the on-schedule/on-budget construction of the Minto copper-gold mine in the Yukon, Canada.
His diverse international industry experience covering exploration, permitting, economic studies, project
financing, construction, operations and M&A (all within an ESG framework) will be extremely valuable as
Hot Chili advances its Costa Fuego copper hub in Chile. Stephen also brings extensive international board
experience, including 10 years as a Non-Executive Director at Chalice Mining prior to retiring in November
2021.”
Mr Quin is a graduate of the Royal School of Mines, London, with a BSc (Honours) in Mining Geology and
has 41 years’ experience in all stages of the mining industry, from exploration to operations and closure.
He most recently spent a decade as President & CEO of gold explorer/developer Midas Gold Corp. and,
prior to that, President of copper miner Capstone Mining Corp. and, prior to the merger with Capstone, was
President & CEO of copper developer and operator Sherwood Copper Corp. Prior to Sherwood, Mr Quin
was Executive Vice President of gold producer and explorer Miramar Mining Corp. and its copper exploration
affiliate, Northern Orion Exploration. He started his career with what became Imperial Metals Corp. where
he was a responsible for the advancement of their polymetallic copper-zinc project.
Mr Quin has a combination of technical, governance, and capital markets experience having led multiple
studies on projects in the copper and gold sectors, ranging from preliminary economic assessments to
feasibility studies, permitting, mine financing and development, operations and closure, and also has
experience with base metals and platinum group metal projects.
From a governance perspective, he has sat on and/or chaired numerous board committees, has led
governance enhancing efforts at a number of companies and has been an advocate of prioritizing ESG
since well before the acronym became popular.
On a capital markets front, Mr Quin has been involved in over C$1 billion in financing and more than C$750
million in M&A for companies where he was CEO or a senior executive, and has extensive contacts on both
the sell-side and buy-side of the market. Mr Quin is a non -executive director of Bravo Mining Corp. and
Kutcho Copper Corp. and serves as technical ad visor to a number of copper and gold explorers and
developers.
ASX Announcement
Tuesday 13th December 2022
Hot Chili Limited ACN 130 955 725
First Floor, 768 Canning Highway, Applecross, Western Australia 6153
PO Box 1725, Applecross, Western Australia 6953
P: +61 8 9315 9009 F: +61 8 9315 5004
www.hotchili.net.au
Contact
Mr Christian Easterday
Managing Director
2
On confirmation of his appointment, Mr Quin will also become a member of the Company’s Audit and Risk,
Remuneration and ESG and Nomination Committees.
The Directors welcome Stephen’s appointment to the Board of Hot Chili and look forward to his
contribution toward the Company strategy to transform into a future large-scale copper producer.
This announcement is authorised by the Board of Directors for release to ASX and TSX.
For more information please contact:
Christian Easterday
Managing Director – Hot Chili
Tel: +61 8 9315 9009
Email: [email protected]
Penelope Beattie
Company Secretary – Hot Chili
Tel: +61 8 9315 9009
Email: [email protected]
ASX Investor
Investor & Public Relations
(Australia)
Email: [email protected]
Harbor Access
Investor & Public Relations
(Canada)
Email: [email protected]
Email: [email protected]
or visit Hot Chili’s website at www.hotchili.net.au
Hot Chili Limited ACN 130 955 725
First Floor, 768 Canning Highway, Applecross, Western Australia 6153
PO Box 1725, Applecross, Western Australia 6953
P: +61 8 9315 9009 F: +61 8 9315 5004
www.hotchili.net.au
Contact
Mr Christian Easterday
Managing Director
3
Qualifying Statements
Forward Looking Statements
This Announcement is provided on the basis that neither the Company nor its representatives make any warranty (express or implied)
as to the accuracy, reliability, relevance or completeness of the material contained in the Announcement and nothing contained in the
Announcement is, or may be relied upon as a promise, representation or warranty, whether as to the past or the future. The Company
hereby excludes all warranties that can be excluded by law. The Announcement contains material which is predictive i n nature and
may be affected by inaccurate assumptions or by known and unknown risks and uncertainties and may differ materially from resu lts
ultimately achieved.
The Announcement contains “forward -looking statements”. All statements other than those of h istorical facts included in the
Announcement are forward-looking statements including estimates of Mineral Resources. However, forward -looking statements are
subject to risks, uncertainties and other factors, which could cause actual results to differ mate rially from future results expressed,
projected or implied by such forward -looking statements. Such risks include, but are not limited to, confirmation of Stephen Quin’s
appointment to the board of the Company, copper, gold and other metals price volatility, currency fluctuations, increased production
costs and variances in ore grade recovery rates from those assumed in mining plans, as well as political and operational risk s and
governmental regulation and judicial outcomes. The Company does not undertake any obligation to release publicly any revisions to
any “forward-looking statement” to reflect events or circumstances after the date of the Announcement, or to reflect the occurrence
of unanticipated events, except as may be required under applicable securities laws. All persons should consider seeking appropriate
professional advice in reviewing the Announcement and all other information with respect to the Company and evaluating the
business, financial perform ance and operations of the Company. Neither the provision of the Announcement nor any information
contained in the Announcement or subsequently communicated to any person in connection with the Announcement is, or should be
taken as, constituting the giving of investment advice to any person
Disclaimer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture
Exchange) accepts responsibility for the adequacy or accuracy of this news release.