Chilean Copper Project Enters Port Agreement Negotiation

Hot Chili Limited (ASX: HCH) and Puerto Las Losas SA have signed an MOU to negotiate a binding Port Services Agreement for the Costa Fuego copper-gold project in Chile. Hot Chili will contribute 20% to fund a two-year, AU$4.6 million feasibility study for a bulk tonnage copper concentrate facility at Las Losas Port.

The study will be managed by PLL and include pre-feasibility and feasibility engineering, as well as environmental studies. Upon completion, Hot Chili gains a Right of First Refusal to ship copper concentrates through PLL’s facilities for three years. The study will explore bulk loading alternatives for copper concentrates, potentially without modifying existing infrastructure. This agreement marks a significant step toward securing infrastructure advantages for Costa Fuego, benefiting from operational and capital savings.

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