Hot Chili completes Water Supply Concept Study for Huasco valley region

Hot Chili Limited (ASX: $HCH) 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. The study outlines an opportunity to develop a potentially 100% renewable energy driven desalination water business to supply community, agricultural, and new mining demand of up to 3,700 litres per second over the long-term.

Hot Chili's Managing Director and CEO on the regional water supply opportunity

The opportunity to develop a regional water business for the southern Atacama is exciting. It brings together the perfect marriage of economic, environment and social benefits for a wide range of stakeholders. One, single, desalination water supplier, with the potential to unlock several significant mining investments, is a blueprint for the future of responsible water supply in the Atacama and a significant opportunity to surface value for Hot Chili, following over 10 years of investment to obtain the necessary water concession and permits.

Summary of Hot Chili's Water Supply Concept Study and outlook

Hot Chili Limited 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. The study outlines an opportunity to develop a potentially 100% renewable energy driven desalination water business to supply community, agricultural, and new mining demand of up to 3,700 litres per second over the long-term. The company holds the only active granted maritime water concession and most of the necessary permits to provide critical water access to the region. Hot Chili is also engaging with potential desalinated water customers and large water infrastructure partners. The Water Supply Concept Study provides the basis for further detailed engineering studies for the full development plan to commence in March 2024. Leveraging its water assets to enable the development of multiple, nearby, large-scale copper projects, Hot Chili aims to contribute to the responsible water supply in the Atacama region and unlock significant mining investments.