Hot Chili Bolsters Mining Expertise with New Appointments to Leadership Team

On May 7, 2025, Hot Chili Limited (ASX: HCH) announced pivotal leadership appointments that are set to enhance the company’s mining capabilities and position it for future success. The Australian mining company introduced two distinguished figures to its executive team: Stuart Mathews, who assumes the role of Non-executive Chair, and Alberto Cerda, who takes on the responsibility of Project Director. Both appointments come at a crucial time as the company prepares to commence its Definitive Feasibility Studies for the promising Costa Fuego copper-gold project and the Huasco Water project in Chile.

Strengthening Leadership with Industry Titans

Stuart Mathews, an influential veteran in the mining sector, brings over three decades of experience across Australia, Mexico, and New Zealand to his new role. After earning a Master of Science in Geology from the University of Canterbury, he climbed the ranks in various capacities before serving as a C-level executive for the last five years at Gold Fields. His portfolio includes significant achievements in managing mining operations in multiple countries, with a proven track record of leading projects from exploration to full production.

Alberto Cerda complements Mathews' credentials with an extensive background spanning over 40 years in the mining industry, particularly within Chile. Cerda has been involved in high-profile projects with leading companies such as Newmont, Barrick, and CODELCO. He speaks to a wealth of expertise in mine management, production oversight, and project development, having played instrumental roles in the execution of major mining ventures including Los Pelambres and Collahuasi.

This dynamic duo is expected to contribute immensely to Hot Chili’s vision as it transitions toward becoming a mid-tier copper-gold producer. Their combined expertise will provide the necessary guidance as Hot Chili navigates the intricate landscape of mining operations, regulatory environments, and investment strategies.

A Positive Outlook for Hot Chili

The appointments of Mathews and Cerda signal a strategic shift for Hot Chili as it focuses on unlocking the value of its assets and enhancing shareholder returns. These new leaders will be instrumental in implementing strategic initiatives aimed at optimizing resource extraction and operational efficiency.

Hot Chili is at a critical juncture, and the addition of seasoned professionals to its leadership team not only strengthens the company’s governance but also inspires confidence among investors and stakeholders. Moving forward, the company is poised to advance its projects through informed decision-making and industry best practices as it engages in pivotal studies that shape its operational future.

As Hot Chili continues to advance its agenda, further updates are anticipated, and stakeholders are encouraged to stay abreast of developments as the company charts its growth in the competitive mining sector.

For more details, inquiries can be directed to:

- Christian Easterday, Managing Director & CEO, Hot Chili

Phone: +61 8 9315 9009
Email: [email protected]

- Carol Marinkovich, Company Secretary, Hot Chili

Phone: +61 8 9315 9009
Email: [email protected]

- Graham Farrell, Investor & Public Relations

Email: [email protected]

It’s a promising era for Hot Chili, and with the right leadership in place, they are ready to face the challenges ahead and seize the opportunities that the mining industry presents.