PERTH, Australia, April 30, 2024 /CNW/ - Hot Chili Limited (TSXV:HCH) (ASX: HCH) (OTCQX:HHLKF) (the "Company" or "Hot Chili") is pleased to announce that it has filed financial reports for the quarter ended 31st March  2024. The complete report is available under the Company's profile at www.asx.com, www.sedar.com and on Hot Chili's website (www.hotchili.net.au) . Highlights include: Costa Fuego Indicated Copper-Gold Resource Increases to Approx. 798 Mt Mineral Resource has seen a 6% increase in copper-equivalent1 (CuEq) contained metal in the Indicated Resource and a 9% increase in CuEq contained metal in the higher-grade component of the Indicated Resource (+0.6% CuEq) Over 85% of Costa Fuego's CuEq contained metal is now classified as Indicated - strong platform to deliver a maiden Mineral Reserve for Costa Fuego Pre-feasibility study (PFS) expected to be completed in H2 2024 Hot Chili Delivers Water Study and Prepares to Create New Water Company Hot Chili has completed a Water Supply Concept Study for the Huasco valley region of Chile, confirming the potential for a large, multi-user, desalination water supply network Submission of second maritime concession to accommodate both raw seawater and desalinated water supply Preparation underway to transfer water assets into a new stand-alone water company Further Regional Consolidation for Costa Fuego Large landholdings added to the south (Domeyko mining centre) and southeast (Cometa project) of Costa Fuego Execution of MOU for Port Agreement Hot Chili and Las Losas Port execute a MOU to jointly fund a feasibility study for bulk concentrate exports in addition to negotiating a binding Port Services Agreement for Costa Fuego Exploration Advancing Deep penetrating, high resolution MIMDAS and Ground Magnetics geophysical surveys underway at Productora and Cortadera Drilling activities paused and awaiting geophysical survey completion prior to re-commencement Cash Position of A$9.5 million This news release is authorised by the Managing Director for release to the TSXV. Qualifying Statements Qualified Persons – NI 43-101 The information pertaining to the Mineral Resource Estimates included in this report has been reviewed and approved by Ms. Elizabeth Haren (FAUSIMM (CP) & MAIG) of Haren Consulting Pty Ltd. All other scientific and technical information in this report has been reviewed and approved by Mr Christian Easterday, MAIG, Hot Chili's Managing Director and Chief Executive Officer. Each of Ms. Haren and Mr. Easterday are a qualified person within the meaning of NI 43-101. Competent Persons – JORC The information in this report that relates to Mineral Resources for Cortadera, Productora (including Alice) and San Antonio which constitute the combined Costa Fuego Project is based on information compiled by Ms Elizabeth Haren, a Competent Person who is a Fellow and Chartered Professional of The Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Ms Haren is a full-time employee of Haren Consulting Pty Ltd and an independent consultant to Hot Chili.  Ms Haren has sufficient experience, which is relevant to the style of mineralisation and types of deposits under consideration and to the activities ...