Trintech Named One of the Nation's Best and Brightest Companies to Work For® in 2025
An independent research firm evaluates each company's entry based on key metrics in various categories including; Compensation, Benefits and Employee Solutions; Creative Wellness and Wellbeing Solutions, Employee Enrichment, Engagement and Retention; Employee Education and Development; Recruitment and Selection; Employee Achievement and Recognition; Communication and Shared Vision; Diversity, Equity and Inclusion; Work-Life Blend; Community Initiatives and Corporate Responsibility; and Leadership, Strategy and Company Performance.
"These companies have excelled by prioritizing their workplace culture. By putting their employees first, this exceptional group of top-tier leaders has created a strong foundation that sets them apart as leaders in their industries and communities," said Jennifer Kluge, President and CEO of NABR and The Best and Brightest Program.
"We are incredibly honored to be recognized as one of the Nation's Best and Brightest Companies to Work For," said Darren Heffernan, CEO of Trintech. "This national recognition is a testament to our commitment to fostering a workplace culture where our people feel valued, supported, and empowered to grow—both personally and professionally. It's our talented team's passion and hard work that truly sets us apart, making Trintech a great place to build a meaningful career."
Committed to providing a work environment focused on work-life blend, healthy lifestyles, community service and personal and professional development, Trintech continues to provide its employees with several benefits including: Open time off (OTO), comprehensive healthcare and wellness programs, 100% company-paid volunteer time, and a tuition reimbursement program to name a few. If you're looking to join a company that continues to invest in its employees, customers, and community, check out Trintech's open positions.
About Trintech
Trintech gives people time back for what matters most. Our cloud–based platform and solutions enable thousands of clients worldwide to lead productivity transformation across their finance and accounting organizations — driving efficiencies, ensuring accuracy to mitigate risk, and empowering strategic decision-making. Make time count with Trintech.
As the leader in Financial Close Management, Trintech is headquartered in Plano, Texas with offices and strategic resellers across United States, Europe, Australia, South America, Africa, and Asia Pacific. With a strong partner ecosystem, Trintech collaborates with over 100 companies to create a network of interconnected businesses. To learn more about Trintech, visit www.trintech.com.
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This relationship has been used to identify three additional circular magnetic-low features (lookalike targets) adjacent to La Verde, all of which are well-positioned at the intersection point of major regional structures (Figure 3). In addition to the geophysical data, the Company has also completed 3D geochemical probability modelling using an extensive regional soil geochemistry programme (Figure 4). This work has outlined three priority porphyry targets as outlined in Figure 3, with two of these porphyry targets concealed under shallow gravel cover (blind exploration opportunity). Regulatory applications for access clearing are being progressed across these new target areas adjacent to La Verde. Table 1 - Drill Holes Completed for Costa Fuego in Quarter 2 2025 Table 2 – Significant Intersections returned for Costa Fuego in Quarter 2 2025 Hole_ID Coordinates Azim. 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Included in this amount was A$1.6 million related to the final invoices for the competition of the Costa Fuego and Huasco Water Pre-feasibility Studies, initial activities related to the optimisation of the two-studies, and the advancement of the EIA. A total of A$1.7 million was spent on exploration activities across La Verde and southern landholdings included in the Domeyko project, with phase-one drilling activities at La Verde having been completed on 10 April 2025. The investing expenditure for quarter ended 30 June 2025 included the recoup of joint venture expenditure from CMP for A$2.7 million. The Company is continuing discussions related to potential renegotiation of forthcoming Option payments in Q4 and is advancing the Partnering Process, as detailed above. In addition, the Company has various other funding opportunities available should they be required, including royalties, streaming and equity funding. The following summarises the Company's securities on issue: 153,375,654 ordinary fully paid shares 1,914,000 options at AUD $1.50 expiring 24 July 2026 1,587,875 service rights 2,321,742 performance rights Projects Registered for Priority Status by Chilean Ministry of Economy On 30 April 2025, Hot Chili announced that its Costa Fuego Copper-Gold Project and Huasco Water Project in Chile had been officially registered with the Chilean Ministry of Economy's Office for Sustainable Project Management (GPS Division). This registration grants the projects priority status as strategic investments, allowing them to benefit from streamlined administrative processes. Both projects met the government's criteria for sustainability-focused development and will now be subject to coordinated oversight aimed at expediting permitting and approvals. This includes the management of Hot Chili's second maritime concession application for Huasco Water and the upcoming EIA submissions for both projects. Appointment of New Chair and Project Director Hot Chili Limited announced on 7 May 2025 the appointment of Mr Stuart Mathews as Non-Executive Chair and Mr Alberto Cerda as Project Director, adding considerable strength to its leadership team heading into a pivotal stage of growth. Mr Mathews brings over 32 years of international mining experience, including holding senior executive roles at Gold Fields where he oversaw operations delivering over one million ounces of gold annually and led the development of five mining projects from exploration to production. Mr Cerda, a Chilean mining engineer with more than 40 years of experience, has held senior roles across major global mining companies including BHP, Barrick, and Glencore. He has directed numerous large-scale projects in Chile and abroad, most recently leading the Norte Abierto JV for Newmont and Barrick. The combined expertise of the two new appointments will be instrumental in guiding Hot Chili through the final investment phase toward becoming a mid-tier copper-gold producer. NI43-101 Technical Report Released for Costa Fuego Cu-Au Project PFS Hot Chili filed an independent NI 43-101 technical report for its Costa Fuego Copper-Gold Project in Chile on SEDAR+. The report, titled "Costa Fuego Copper Project NI 43–101 Technical Report Preliminary Feasibility Study" and dated 9 May 2025 (effective 27 March 2025), supported the Company's previously announced PFS results. Prepared in accordance with Canadian disclosure standards, the report confirms there are no material differences from the information released on 27 March 2025. It is available on SEDAR+ and the Company's website. Additional ASX Disclosure Information ASX Listing Rule 5.3.2: There was no substantive mining production and development activities during the quarter. ASX Listing Rule 5.3.3 - Schedule of Mineral Tenements as of 30 June 2025. The schedule of Mineral Tenements and changes in interests is appended at the end of this activities report. ASX Listing Rule 5.3.4: Reporting under a use of funds statement in a Prospectus does not apply to the Company currently. ASX Listing Rule 5.3.5: Payments to related parties of the Company and their associates during the quarter per Section 6.1 of the Appendix 5B totalled $170,000. This is comprised of directors' salaries and superannuation of $170,000. Health, Safety, Environment and Quality Field operations during the period included geological reconnaissance activities, RC drilling, field mapping, and sampling exercises across the major Cortadera and Productora landholdings, as well as the new project at La Verde. Activities on new tenements are run from the Productora or Cortadera operations centres and their safety statistics are included under the figures for all projects. There were no Lost Time Injuries ("LTI") during the quarter. Hot Chili's sustainability framework ensures an emphasis on business processes that target long-term economic, environmental and social value. The Company is dedicated to continual monitoring and improvement of health, safety and the environmental systems. There is no greater importance than ensuring the safety of our people and their families. Table 3. HSEQ Quarter 2 2025 Performance and Statistics Notes: HSEQ is the acronym for Health, Safety, Environment and Quality. LTIFR per million-manhours. Safety performance is reported on a monthly basis to the National Mine Safety Authority on a standard E-100 form; (1) Average monthly headcount (2) Cumulative statistics since April 2019. Tenement Changes During the Quarter During the Quarter, Sociedad Minera El Águila SpA ("SMEA") has claimed 8 mining exploration concessions ("Sierra Solis 1", "Sierra Solis 2", "Sierra Solis 3", "Sierra Solis 4", "Sierra Solis 5", "Sierra Solis 6", "Sierra Solis 7" and "Sierra Solis 8") which are in the process of being constituted. The Company's existing tenements are detailed in the table below. Table 4. Current Tenement Holdings in Chile as of 30 June 2025 Cortadera Project Tenements Cortadera Project N° License ID HCH % Held HCH % Earning Area (ha) Agreement Details 1 ALCENIA 1/10 100% SMEA SpA 50 2 AMALIA 942 A 1/6 100% Frontera SpA 53 3 ATACAMITA 1/82 100% Frontera SpA 82 4 CORROTEO 1 1/260 100% Frontera SpA 260 5 CORROTEO 5 1/261 100% Frontera SpA 261 6 CORTADERA 1 1/200 100% Frontera SpA 200 7 CORTADERA 1/40 100% Frontera SpA 374 8 CORTADERA 2 1/200 100% Frontera SpA 200 9 CORTADERA 41 100% Frontera SpA 1 10 CORTADERA 42 100% Frontera SpA 1 11 LAS CANAS 1/15 100% Frontera SpA 146 12 LAS CANAS 16 100% Frontera SpA 1 13 LAS CANAS ESTE 2003 1/30 100% Frontera SpA 300 14 MAGDALENITA 1/20 100% Frontera SpA 100 15 PAULINA 10 B 1/16 100% Frontera SpA 136 16 PAULINA 11 B 1/30 100% Frontera SpA 249 17 PAULINA 12 B 1/30 100% Frontera SpA 294 18 PAULINA 13 B 1/30 100% Frontera SpA 264 19 PAULINA 14 B 1/30 100% Frontera SpA 265 20 PAULINA 15 B 1/30 100% Frontera SpA 200 21 PAULINA 22 A 1/30 100% Frontera SpA 300 22 PAULINA 24 1/24 100% Frontera SpA 183 23 PAULINA 25 A 1/19 100% Frontera SpA 156 24 PAULINA 26 A 1/30 100% Frontera SpA 294 25 PAULINA 27A 1/30 100% Frontera SpA 300 26 PURISIMA 1/8 (1/2 Y 5/6) 100% Frontera SpA 20 NSR 1.5% 27 CF 1 100% Frontera SpA 300 28 CF 2 100% Frontera SpA 300 29 CF 3 100% Frontera SpA 300 30 CF 4 100% Frontera SpA 300 31 CF 5 100% Frontera SpA 200 32 CF 6 100% Frontera SpA 200 33 CF 7 100% Frontera SpA 100 34 CF 8 100% Frontera SpA 200 35 CF 9 100% Frontera SpA 100 36 CF 10 100% Frontera SpA 200 37 CF 11 100% Frontera SpA 200 38 CHAPULIN COLORADO 1/3 100% Frontera SpA 3 39 CHILIS 1 100% Frontera SpA 200 40 CHILIS 3 100% Frontera SpA 100 41 CHILIS 4 100% Frontera SpA 200 42 CHILIS 5 100% Frontera SpA 200 43 CHILIS 6 100% Frontera SpA 200 44 CHILIS 7 100% Frontera SpA 200 45 CHILIS 8 100% Frontera SpA 200 46 CHILIS 9 100% Frontera SpA 300 47 CHILIS 10 1/38 100% Frontera SpA 190 48 CHILIS 11 100% Frontera SpA 200 49 CHILIS 12 1/60 100% Frontera SpA 300 50 CHILIS 13 100% Frontera SpA 300 51 CHILIS 14 100% Frontera SpA 300 52 CHILIS 15 100% Frontera SpA 300 53 CHILIS 16 100% Frontera SpA 300 54 CHILIS 17 100% Frontera SpA 300 55 CHILIS 18 100% Frontera SpA 300 56 CORTADERA 1 100% Frontera SpA 200 57 CORTADERA 2 100% Frontera SpA 200 58 CORTADERA 3 100% Frontera SpA 200 59 CORTADERA 4 100% Frontera SpA 200 60 CORTADERA 5 100% Frontera SpA 200 61 CORTADERA 6 1/60 100% Frontera SpA 265 62 CORTADERA 7 1/20 100% Frontera SpA 93 63 CRISTINA 1/40 100% SMEA SpA 40 64 DIABLITO 1/5 100% SMEA SpA 25 65 DONA FELIPA 1/10 100% Frontera SpA 50 66 DORO 1 100% Frontera SpA 200 67 DORO 2 100% Frontera SpA 200 68 DORO 3 100% Frontera SpA 300 69 FALLA MAIPO 2 1/10 100% Frontera SpA 99 70 FALLA MAIPO 3 1/8 100% Frontera SpA 72 71 FALLA MAIPO 4 1/26 100% Frontera SpA 26 72 MINORI 1 100% SMEA SpA 300 73 MINORI 2 100% SMEA SpA 300 74 MINORI 3 100% SMEA SpA 300 75 MINORI 4 100% SMEA SpA 300 76 PORFIADA B 100% Frontera SpA 200 77 PORFIADA D 100% Frontera SpA 300 78 PORFIADA G 100% Frontera SpA 200 79 PORFIADA I 100% Frontera SpA 300 80 PORFIADA II 100% Frontera SpA 300 81 PORFIADA III 100% Frontera SpA 300 82 PORFIADA IV 100% Frontera SpA 300 83 PORFIADA V 100% Frontera SpA 200 84 PORFIADA VI 100% Frontera SpA 100 85 PORFIADA X 100% Frontera SpA 200 86 SAN ANTONIO 1 100% Frontera SpA 200 87 SAN ANTONIO 2 100% Frontera SpA 200 88 SAN ANTONIO 3 100% Frontera SpA 300 89 SAN ANTONIO 4 100% Frontera SpA 300 90 SAN ANTONIO 5 100% Frontera SpA 300 91 SOLAR 1 100% Frontera SpA 300 92 SOLAR 2 100% Frontera SpA 300 93 SOLAR 3 100% Frontera SpA 300 94 SOLAR 4 100% Frontera SpA 300 95 SOLAR 5 100% Frontera SpA 300 96 SOLAR 6 100% Frontera SpA 300 97 SOLAR 7 100% Frontera SpA 300 98 SOLAR 8 100% Frontera SpA 300 99 SOLAR 9 100% Frontera SpA 300 100 SOLAR 10 100% Frontera SpA 300 101 SOLEDAD 1 100% Frontera SpA 300 102 SOLEDAD 2 100% Frontera SpA 300 103 SOLEDAD 3 100% Frontera SpA 300 104 SOLEDAD 4 100% Frontera SpA 300 TOTAL 22.653 Note. Frontera SpA is a 100% owned subsidiary company of Hot Chili Limited Productora Project Tenements Note. SMEA SpA is subsidiary company - 80% owned by Hot Chili Limited, 20% owned by CMP (Compañía Minera del Pacífico) Note. Frontera SpA is a 100% owned subsidiary company of Hot Chili Limited. Domeyko Project Tenements Note. Frontera SpA is a 100% owned subsidiary company of Hot Chili Limited. El Fuego Project Tenements Note. Frontera SpA is a 100% owned subsidiary company of Hot Chili Limited. Note. Frontera SpA is a 100% owned subsidiary company of Hot Chili Limited. Qualifying Statements The technical information in this presentation has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ( "NI 43-101" ) and Joint Ore Reserves Committee of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (the "JORC Code") and has been reviewed and approved by the "Qualified Persons" as defined under NI 43-101 and "Competent Persons" as defined under the JORC Code as set out below. The Costa Fuego Copper project pre-feasibility study (the "PFS") was compiled by the Qualified Persons and Competent Persons listed below based on information available up to the effective date of the PFS. Additional details of responsibilities are provided below under the headers 'Qualified Persons – NI 43-101' and 'Competent Persons – JORC' and are also provided in the PFS technical report titled "Costa Fuego Copper Project NI 43–101 Technical Report Preliminary Feasibility Study" and dated 9 May 2025 (effective 27 March 2025), available on SEDAR+ and the Company's website. PFS Technical Report For readers to fully understand the information relating to the PFS, they should read the PFS Technical Report in its entirety, including all qualifications, assumptions, limitations and exclusions that relate to the information to be set out in the PFS Technical Report. The PFS Technical Report is intended to be read as a whole, and sections should not be read or relied upon out of context. The technical information in this presentation is subject to the assumptions and qualifications to be contained in the PFS Technical Report. The PFS technical report, titled "Costa Fuego Copper Project NI 43–101 Technical Report Preliminary Feasibility Study" and dated 9 May 2025 (effective 27 March 2025), is available on SEDAR+ ( and the Company's website ( Qualified Persons – NI 43-101 The PFS was compiled by Wood Australia Pty Ltd with contributions from a team of independent "Qualified Persons" within the meaning of NI 43 -101. The scientific and technical information contained in this presentation pertaining to Costa Fuego has been reviewed and verified by the following independent qualified persons within the meaning of NI 43-101: Ms Elizabeth Haren (FAUSIMM (CP) & MAIG) of Haren Consulting – Mineral Resource Estimate Mr Dean David (FAUSIMM (CP)) of Wood Pty Ltd – Metallurgy Mr Piers Wendlandt (PE) of Wood Pty Ltd – Market Studies and Contracts, Economic Analysis Mr David Cuello (MAUSIMM) of GMT Servicios de Ingeniería – Geotechnical Mr Jeffrey Stevens (Pr. Eng, MSAIMM) of Wood Pty Ltd – Infrastructure and Capital Cost Mr Luis Bernal (Comisión Minera (PC) Registered Member) of Process Mineral Consulting – Leaching Mr Anton von Wielligh (FAUSIMM) of ABGM Consulting Pty Ltd – Mine Planning and Scheduling Mr Edmundo LaPorte (PE, PEng, CPEng, SME Registered Member) of High River Services – Environmental The above independent Qualified Persons have verified the information disclosed herein, including the sampling, preparation, security, and analytical procedures underlying such information. Competent Persons – JORC The information in this presentation that relates to Mineral Resources, Exploration Results, and Ore Reserves for the Costa Fuego Project is based on information compiled by: Ms Elizabeth Haren (FAUSIMM (CP) & MAIG) who is a full-time employee of Haren Consulting – Mineral Resource Estimate Mr Dean David (FAUSIMM (CP)) who is a full-time employee of Wood Pty Ltd – Metallurgy Mr Piers Wendlandt (PE) who is a full-time employee of Wood Pty Ltd – Market Studies and Contracts, Economic Analysis Mr David Cuello (MAUSIMM) who is a full-time employee of GMT Servicios de Ingeniería – Geotechnical Mr Jeffrey Stevens (Pr. Eng, MSAIMM) who is a full-time employee of Wood Pty Ltd – Infrastructure and Capital Cost Mr Luis Bernal (Comisión Minera (PC) Registered Member) who is a full-time employee of Process Mineral Consulting – Leaching Mr Anton von Wielligh (FAUSIMM) who is a full-time employee of ABGM Consulting Pty Ltd – Mine Planning and Scheduling Mr Edmundo LaPorte (PE, PEng, CPEng, SME Registered Member) who is a full-time employee of High River Services – Environmental Mr Christian Easterday (MAIG), who is the Managing Director and is a full-time employee of Hot Chili Limited – Exploration Results Ms Haren, Mr David, Mr Wendlandt, Mr Cuello, Mr Stevens, Mr Bernal, Mr LaPorte, Mr Easterday and Mr von Wielligh each have sufficient experience, which is relevant to the style of mineralisation and types of deposits under consideration and to the activities undertaken, to qualify as a Competent Person as defined in the JORC Code and as Qualified Persons under NI43-101. Disclaimer This report does not purport to be complete or contain all the information that may be material to the current or future business, operations, financial condition, or prospects of Hot Chili Limited (Hot Chili, HCH or the Company). Certain information contained herein is based on, or derived from, information obtained from independent third-party sources, publicly available reports and other trade and industry sources. Hot Chili believes that such information is accurate and that the sources from which it has been obtained are reliable; however, Hot Chili has not independently verified such information and does not assume any responsibility for the accuracy or completeness of such information. Cautionary Note for U.S. Investors Concerning Mineral Resources NI 43-101 is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning material mineral projects. Technical disclosure contained in this presentation has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") and technical information contained in this presentation may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements. All amounts in this presentation are in U.S. dollars unless otherwise noted. Forward Looking Statements Statements in this report that are not historical facts are "forward-looking information" or "forward-looking statements" within the meaning of Canadian securities legislation and Australian securities legislation (each, a "forward-looking statement"). The use of any of the words, "estimate", "expect", "may", "might", "opportunity", "plan", "potential", "project", "proposed", "should", "will", "would" and similar expressions are intended to identify forward-looking statements. Statements concerning mineral resource and mineral reserve estimates may also be deemed to constitute forward-looking statements to the extent that they involve estimates of the mineralisation that may be encountered if the Costa Fuego Project is developed. In this report, forward-looking statements relate, among other things, to: the potential of the La Verde discovery; regulatory applications and approvals; and the Company's future exploration and other business plans. Forward-looking statements involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. A number of factors could cause actual results to differ materially from a conclusion, forecast or projection contained in the forward-looking statements in this announcement, including, but not limited to, the following material factors: the ability of drilling and other exploration activities to accurately predict mineralisation; operational risks; risks related to the cost estimates of exploration; sovereign risks associated with the Company's operations in Chile; changes in estimates of mineral resources or mineral reserves of properties where the Company holds interests; recruiting qualified personnel and retaining key personnel; future financial needs and availability of adequate financing; fluctuations in mineral prices; market volatility; exchange rate fluctuations; ability to exploit successful discoveries; the production at or performance of properties where the Company holds interests; ability to retain title to mining concessions; environmental risks; financial failure or default of joint venture partners, contractors or service providers; competition risks; economic and market conditions; and other risks and uncertainties described elsewhere in this announcement and elsewhere in the Company's public disclosure record. Although the forward-looking statements contained in this report are based upon assumptions which the Company believes to be reasonable, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. With respect to forward-looking statements contained in this announcement, the Company has made assumptions regarding: future commodity prices and demand; availability of skilled labour; timing and amount of capital expenditures; future currency exchange and interest rates; the impact of increasing competition; general conditions in economic and financial markets; availability of drilling and related equipment; effects of regulation by governmental agencies; future tax rates; future operating costs; availability of future sources of funding; ability to obtain financing; and assumptions underlying estimates related to adjusted funds from operations. The Company has included the above summary of assumptions and risks related to forward-looking information provided in this announcement to provide investors with a more complete perspective on the Company's future operations, and such information may not be appropriate for other purposes. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. For additional information with respect to these and other factors and assumptions underlying the forward-looking statements made herein, please refer to the public disclosure record of the Company, including the Company's most recent Annual Report, which is available on SEDAR+ ( under the Company's issuer profile. New factors emerge from time to time, and it is not possible for management to predict all those factors or to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. The forward-looking statements contained in this announcement are expressly qualified by the foregoing cautionary statements and are made as of the date of this announcement. Except as may be required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking statement to reflect events or circumstances after the date of this announcement or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise. Investors should read this entire announcement and consult their own professional advisors to ascertain and assess the income tax and legal risks and other aspects of an investment in the Company. Mineral Resource Statement Costa Fuego Combined Mineral Resource (Effective Date 26 February 2024) Mineral Resources are reported on a 100% Basis - combining Mineral Resource Estimates for the Cortadera, Productora, Alice and San Antonio deposits. All figures are rounded, reported to appropriate significant figures and reported in accordance with the Joint Ore Reserves Committee Code (2012) and NI 43-101. Mineral Resource estimation practices are in accordance with CIM Estimation of Mineral Resource and Mineral Reserve Best Practice Guidelines (29 November 2019) and reported in accordance CIM Definition Standards for Mineral Resources and Mineral Reserves (10 May 2014) that are incorporated by reference into NI 43-101. Mineral Resources are inclusive of the Mineral Reserve The Productora deposit is 100% owned by Chilean incorporated company Sociedad Minera El Aguila SpA (SMEA). SMEA is a joint venture (JV) company – 80% owned by Sociedad Minera El Corazón SpA (a 100% subsidiary of Hot Chili), and 20% owned by Compañía Minera del Pacífico S.A (CMP). The Cortadera deposit is controlled by a Chilean incorporated company Sociedad Minera La Frontera SpA (Frontera). Frontera is a subsidiary company – 100% owned by Sociedad Minera El Corazón SpA, which is a 100% subsidiary of Hot Chili. The San Antonio deposit is controlled through Frontera (100% owned by Sociedad Minera El Corazón SpA, which is a 100% subsidiary of Hot Chili Liited) and Frontera is party to an Option Agreement pursuant to which it can earn a 100% interest in the property. The Mineral Resource Estimates (MRE) in the tables above form coherent bodies of mineralisation that are considered amenable to a combination of open pit and underground extraction methods based on the following parameters: Base Case Metal Prices: Copper US$ 3.00/lb, Gold US$ 1,700/oz, Molybdenum US$ 14/lb, and Silver US$20/oz. All MRE were assessed for Reasonable Prospects of Eventual Economic Extraction (RPEEE) using both Open Pit and Block Cave Extraction mining methods at Cortadera and Open Pit mining methods at the Productora, Alice and San Antonio deposits. Metallurgical recovery averages for each deposit consider Indicated + Inferred material and are weighted to combine sulphide flotation and oxide leaching performance. Process recoveries: Cortadera – Weighted recoveries of 82% Cu, 55% Au, 81% Mo and 36% Ag. CuEq(%) = Cu(%) + 0.55 x Au(g/t) + 0.00046 x Mo(ppm) + 0.0043 x Ag(g/t). San Antonio - Weighted recoveries of 85% Cu, 66% Au, 80% Mo and 63% Ag. CuEq(%) = Cu(%) + 0.64 x Au(g/t) + 0.00044 x Mo(ppm) + 0.0072 x Ag(g/t) Alice - Weighted recoveries of 81% Cu, 47% Au, 52% Mo and 37% Ag. CuEq(%) = Cu(%) + 0.48 x Au(g/t) + 0.00030 x Mo(ppm) + 0.0044 x Ag(g/t). Productora – Weighted recoveries of 84% Cu, 47% Au, 48% Mo and 18% Ag. CuEq(%) = Cu(%) + 0.46 x Au(g/t) + 0.00026 x Mo(ppm) + 0.0021 x Ag(g/t). Costa Fuego – Recoveries of 83% Cu, 53% Au, 71% Mo and 26% Ag. CuEq(%) = Cu(%) + 0.53 x Au(g/t) + 0.00040 x Mo(ppm) + 0.0030 x Ag(g/t) Copper Equivalent (CuEq) grades are calculated based on the formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery) + (Mo ppm × Mo price per g/t × Mo_recovery) + (Au ppm × Au price per g/t × Au_recovery) + (Ag ppm × Ag price per g/t × Ag_recovery)) / (Cu price 1% per tonne × Cu recovery). The base case cut-off grade for Mineral Resources considered amenable to open pit extraction methods at the Cortadera, Productora, Alice and San Antonio deposits is 0.20% CuEq, while the cut-off grade for Mineral Resources considered amenable to underground extraction methods at the Cortadera deposit is 0.27% CuEq. It is the Company's opinion that all the elements included in the CuEq calculation have a reasonable potential to be recovered and sold. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The MRE include Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorised as Mineral Reserves. It is reasonably expected that the majority of Inferred mineral resources could be upgraded to Measured or Indicated Mineral Resources with continued exploration. The effective date of the MRE is 26 February 2024. The MRE were previously reported in the 2025 PFS. Hot Chili confirms it is not aware of any new information or data that materially affects the information included in the 2025 PFS and all material assumptions and technical parameters stated for the MRE in the 2025 PFSA continue to apply and have not materially changed. Hot Chili Limited is not aware of political, environmental, or other risks that could materially affect the potential development of the Mineral Resources other than as disclosed in the 2025 PFS. A detailed list of Costa Fuego Project risks is included in Chapter 25 of the 2025 PFS Technical Report titled "Costa Fuego Copper Project NI43-101 Technical Report Preliminary Feasibility Study" and dated 9 May 2025 (effective 27 March 2025), is available on SEDAR+ ( and the Company's website ( Ore Reserve Statement Costa Fuego Combined Ore Reserve (Effective Date 27 March 2025) Mineral Reserves are reported on a 100% Basis - combining Mineral Reserve estimates for the Cortadera, Productora, Alice and San Antonio deposits, and have an effective date of 27 March 2025. An Ore Reserve (declared in accordance with JORC Code 2012) was previously reported at Productora, a component of Costa Fuego, on 2nd March 2016 on the ASX. The Company was not subject to the requirements of NI 43-101 at that time. Mineral Reserve estimation practices are in accordance with CIM Estimation of Mineral Resource and Mineral Reserve Best Practice Guidelines (29 November 2019) and reported in accordance CIM Definition Standards for Mineral Resources and Mineral Reserves (10 May 2014) that are incorporated by reference into NI 43-101. Mineral Reserve estimates are in accordance with the JORC Code. References to "Mineral Reserves" mean "Ore Reserves" as defined in the JORC Code and references to "Proven Mineral Reserves" mean "Proved Ore Reserves" as defined in the JORC Code. The Mineral Reserve reported above was not additive to the Mineral Resource. The Mineral Reserve is based on the 26 February 2024 Mineral Resource. Tonnages and grades are rounded to two significant figures. All figures are rounded, reported to appropriate significant figures and reported in accordance with the Joint Ore Reserves Committee Code (2012) and NI 43-101. As each number is rounded individually, the table may show apparent inconsistencies between the sum of rounded components and the corresponding rounded total. Mineral Reserves are reported using long-term metal prices of US$4.30/lb Cu, US$2,280/oz Au, US$27/oz Ag, US$20/lb Mo. The Mineral Reserve tonnages and grades are estimated and reported as delivered to plant (the point where material is delivered to the processing facility) and is therefore inclusive of ore loss and dilution. The Productora deposit is 100% owned by Chilean incorporated company Sociedad Minera El Aguila SpA (SMEA). SMEA is a joint venture (JV) company – 80% owned by Sociedad Minera El Corazón SpA (a 100% subsidiary of Hot Chili), and 20% owned by Compañía Minera del Pacífico S.A (CMP). The Cortadera deposit is controlled by a Chilean incorporated company Sociedad Minera La Frontera SpA (Frontera). Frontera is a subsidiary company – 100% owned by Sociedad Minera El Corazón SpA, which is a 100% subsidiary of Hot Chili. The San Antonio deposit is controlled through Frontera (100% owned by Sociedad Minera El Corazón SpA, which is a 100% subsidiary of Hot Chili) and Frontera is party to an Option Agreement pursuant to which it can earn a 100% interest in the property. The Mineral Reserve Estimate as of 27 March 2025 for Costa Fuego was prepared by Anton von Wielligh, Fellow with the AUSIMM (FAUSIMM). Mr. von Wielligh fulfils the requirements to be a "Qualified Person" within the meaning of NI 43-101 and is the Competent Person under JORC for the Mineral Reserve. Hot Chili Limited is not aware of political, environmental, or other risks that could materially affect the potential development of the Mineral Resources other than as disclosed in the 2025 PFS. A detailed list of Costa Fuego Project risks is included in Chapter 25 of the 2025 PFS Technical Report titled "Costa Fuego Copper Project NI43-101 Technical Report Preliminary Feasibility Study" and dated 9 May 2025 (effective 27 March 2025), is available on SEDAR+ ( and the Company's website ( Name of entity Hot Chili Limited ABN Quarter ended ("current quarter") 91 130 955 725 30 June 2025 Consolidated statement of cash flows Current quarter $A'000 Year to date (12 months) $A'000 1. Cash flows from operating activities - - 1.1 Receipts from customers 1.2 Payments for (3,331) (20,082) (a) exploration & evaluation (a) development - - (b) production - - (c) staff costs (460) (2,115) (d) administration and corporate costs (982) (5,475) 1.3 Dividends received (see note 3) - - 1.4 Interest received 86 530 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Government grants and tax incentives - - 1.8 Other (provide details if material) - - 1.9 Net cash from / (used in) operating activities (4,687) (27,142) 2. Cash flows from investing activities - - 2.1 Payments to acquire or for: (a) entities (b) tenements (281) (3,835) (c) property, plant and equipment (17) (76) (d) exploration & evaluation - - (e) investments - - (f) other non-current assets - - 2.2 Proceeds from the disposal of: - - (a) entities (b) tenements - - (c) property, plant and equipment - - (d) investments - - (e) other non-current assets - - 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) - - 2.5 Other (CMP recoup) 2,655 2,655 2.6 Net cash from / (used in) investing activities 2,357 (1,256) 3. Cash flows from financing activities - - 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 3.2 Proceeds from issue of convertible debt securities - - 3.3 Proceeds from exercise of options - - 3.4 Transaction costs related to issues of equity securities or convertible debt securities - (117) 3.5 Proceeds from borrowings - - 3.6 Repayment of borrowings - - 3.7 Transaction costs related to loans and borrowings - - 3.8 Dividends paid - - 3.9 Other (provide details if material) - - 3.10 Net cash from / (used in) financing activities - (117) 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 7,513 33,742 4.2 Net cash from / (used in) operating activities (item 1.9 above) (4,687) (27,142) 4.3 Net cash from / (used in) investing activities (item 2.6 above) 2,357 (1,256) 4.4 Net cash from / (used in) financing activities (item 3.10 above) - (117) 4.5 Effect of movement in exchange rates on cash held (3) (47) 4.6 Cash and cash equivalents at end of period 5,180 5,180 5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts Current quarter $A'000 Previous quarter $A'000 5.1 Bank balances 5,180 2,513 5.2 Call deposits - 5,000 5.3 Bank overdrafts - - 5.4 Other (provide details) - - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 5,180 7,513 6. Payments to related parties of the entity and their associates Current quarter $A'000 6.1 Aggregate amount of payments to related parties and their associates included in item 1 170 6.2 Aggregate amount of payments to related parties and their associates included in item 2 - Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments. 7. Financing facilities Note: the term "facility' includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. Total facility amount at quarter end $A'000 Amount drawn at quarter end $A'000 7.1 Loan facilities - - 7.2 Credit standby arrangements - - 7.3 Other (please specify) - - 7.4 Total financing facilities - - 7.5 Unused financing facilities available at quarter end - 7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well. 8. Estimated cash available for future operating activities $A'000 8.1 Net cash from / (used in) operating activities (item 1.9) (4,687) 8.2 (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) - 8.3 Total relevant outgoings (item 8.1 + item 8.2) (4,687) 8.4 Cash and cash equivalents at quarter end (item 4.6) 5,180 8.5 Unused finance facilities available at quarter end (item 7.5) - 8.6 Total available funding (item 8.4 + item 8.5) 5,180 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) 1.11 Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as "N/A". Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7. 8.8 If item 8.7 is less than 2 quarters, please provide answers to the following questions: 8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? The Company expects that expenditure will be reduced further as only optimisation activities expected during the next two quarters relating to the Costa Fuego and Huasco Water PFS. Exploration activities will also be significantly reduced, with drilling activities at La Verde having been completed on 10 April 2025. The Company is also continuing discussions related to potential renegotiation of forthcoming Option payments in Q4. 8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? A further A$2.0M of inbound funds are expected over the coming quarter through government VAT reimbursements. The Company continues to advance potential strategic partner funding discussions for asset level investment opportunities for Costa Fuego and Huasco Water (Partnering Process). Please see page 10 of this Quarterly Report for an update on the Partnering Process. In addition, the Company has various other funding opportunities available should they be required, including royalties, streaming and equity funding. 8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? The Company expects to be able to continue its operations and meets its objectives through a combination of existing reserves and has the potential to obtain future capital through either successful strategic funding discussions, royalties, streaming or the issue of equity. Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered. This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. This statement gives a true and fair view of the matters disclosed. Date: 29 July 2025 Notes This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity's activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity. If this report has been authorised for release to the market by your board of directors, you can insert here: "By the board". If it has been authorised for release to the market by a committee of your board of directors, you can insert here: "By the [ name of board committee – eg Audit and Risk Committee ]". If it has been authorised for release to the market by a disclosure committee, you can insert here: "By the Disclosure Committee". If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council's Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively. SOURCE Hot Chili Limited
