Hot Chili Limited Announces Significant Board Changes and Future Developments

Hot Chili Limited, a prominent mining company listed on ASX, TSXV, and OTC markets, has made a significant announcement regarding leadership changes within its board of directors. On March 11, 2025, the company revealed that Dr. Nicole Adshead-Bell, the Non-Executive Chair, and Mr. Stephen Quin, a Non-Executive Director, have both tendered their resignations, effective immediately.

The board recognized the invaluable contributions of Dr. Adshead-Bell and Mr. Quin throughout their tenure, expressing sincere gratitude for their dedicated service. With their resignations, Hot Chili aims to improve its governance at a pivotal time, as the company is on the verge of unveiling crucial Pre-feasibility Studies related to its Chilean mining projects - the Costa Fuego copper-gold initiative and the Huasco Water project.

This strategic restructuring comes in tandem with positive developments in Hot Chili's operations, particularly the announcement of a significant porphyry copper-gold discovery at La Verde. This discovery could significantly enhance the scale of the Costa Fuego project, propelling Hot Chili into its next phase of growth. The company is poised to make additional board appointments that will further elevate its capabilities and support its ambitions during this crucial juncture.

Managing Director and CEO Christian Easterday supports the company's vision and asserts that these changes will better position Hot Chili for the future. As the company ramps up its efforts towards development, it anticipates providing further updates that will be keenly watched by investors and stakeholders.

Hot Chili’s board change is part of a larger strategy to solidify the company's market presence and competitiveness within the mining sector. The appointment of new board members will be instrumental as Hot Chili navigates through various stages of its project development, aiming for sustainable growth and increased shareholder value.

Christian Easterday, managing director, is enthusiastic about the company's trajectory following these changes. He is optimistic that the upcoming studies and project plans will captivate market interests, aligning with Hot Chili's long-term objectives. Investors and market analysts are invited to stay tuned for upcoming announcements that may influence the company's performance and strategic direction.

The company is also broadening its communication channels, with key contacts available for inquiries, including Christian Easterday and Carol Marinkovich. For those interested in learning more or to keep up with ongoing news about the company, Hot Chili encourages visits to their official website and engaging in their investor relations resources.

In conclusion, the recent board changes at Hot Chili reflect an essential step towards bolstering the company’s strategic initiatives and ensuring effective governance moving forwards. With significant mining projects on the horizon and a focus on new leadership, Hot Chili Limited is looking toward a promising future in the copper-gold market.

Topics General Business)

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