Latest news with #StuartMathews
Yahoo
09-05-2025
- Business
- Yahoo
Hot Chili Adds Mine Build Credentials with Appointment of New Chair and Project Director
PERTH, Australia , May 7, 2025 /CNW/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce the appointment of two highly regarded and experienced mining executives to the Company's Board and executive management group. High profile Australian mining executive and former Gold Fields executive vice president Mr Stuart Mathews has been appointed to the Board of Directors in the role of Non-executive Chair. In addition, well regarded Chilean mining executive and project director for several of Chile's largest mine developments, Mr Alberto Cerda, has been appointed to the executive role of Project Director. Both appointments significantly strengthen the Company's experience and capabilities ahead of the commencement of Definitive Feasibility Studies for its Costa Fuego copper-gold project and Huasco Water project, located at low elevation along the coastal range of Chile. Mr Stuart Mathews – Non-Executive Chair of Hot Chili Stuart Mathews is an international mining professional with more than 32 years' experience working across Australia, Mexico and New Zealand. After graduating with a Master of Science (Geology) from University of Canterbury, New Zealand, Stuart rapidly progressed through geology ranks to Geology Manager level before spending 15 years in project development and general operations management, including the past five years as a C-level executive. Stuart joined Gold Fields in mid-2013 initially at St Ives, before being appointed General Manager at the Granny Smith Mine, and then Vice President Operations - Australia. In February 2017 Stuart took over the position of Executive Vice President - Australasia and was also appointed to the executive committee of Gold Fields International. His role involved managing Gold Fields' regional mining portfolio that delivered +1m oz of gold per annum as well as leading strategic growth in Australia and greater Gold Fields globally. During his career he has delivered five mining projects from exploration through development to full operations. Mr Alberto Cerda – Project Director Alberto Cerda is a Chilean mining engineer and professional with over 40 years' experience working in the Chilean and international mining industry. Alberto's experience spans oversight of mining reserves and mine production across underground and open pit mining operations, metallurgical processes, metal marketing, corporate governance and business operations across large organisations including Newmont, Barrick, Antofagasta Minerals, Glencore, BHP Billiton and CODELCO. Over the past 30 years, Alberto has acted in Mine Manager, General Manager and Project Director roles across both greenfield and brownfield mining projects from conceptual stage to development, execution and operation including Los Pelambres, Lomas Bayas, Antamina, Collahuasi, Spence, Cerro Colorado and El Indio. Over the past five years, Alberto led the Norte Abierto Joint Venture as Project Director for Newmont and Barrick in developing the neighbouring Cerro Casale and Caspiche gold-copper deposits in northern Chile. The Company welcomes these two key appointments at an important inflexion point in the Company's growth and looks forward to Stuart and Alberto's contribution and stewardship of Hot Chili's final stages of investment to deliver a new mid-tier copper-gold producer. Further updates are expected. This announcement was approved and authorised for release by the Board of Hot Chili. For further information, please contact: Christian Easterday Managing Director & CEO – Hot Chili Tel: +61 8 9315 9009 Email: admin@ Carol Marinkovich Company Secretary – Hot Chili Tel: +61 8 9315 9009 Email: cosec@ Graham Farrell Investor & Public Relations Email: graham@ or visit Hot Chili's website at Qualifying Statements Disclaimer Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. View original content: SOURCE Hot Chili Limited View original content: Sign in to access your portfolio
Cision Canada
07-05-2025
- Business
- Cision Canada
Hot Chili Adds Mine Build Credentials with Appointment of New Chair and Project Director
PERTH, Australia , May 7, 2025 /CNW/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce the appointment of two highly regarded and experienced mining executives to the Company's Board and executive management group. High profile Australian mining executive and former Gold Fields executive vice president Mr Stuart Mathews has been appointed to the Board of Directors in the role of Non-executive Chair. In addition, well regarded Chilean mining executive and project director for several of Chile's largest mine developments, Mr Alberto Cerda, has been appointed to the executive role of Project Director. Both appointments significantly strengthen the Company's experience and capabilities ahead of the commencement of Definitive Feasibility Studies for its Costa Fuego copper-gold project and Huasco Water project, located at low elevation along the coastal range of Chile. Mr Stuart Mathews – Non-Executive Chair of Hot Chili Stuart Mathews is an international mining professional with more than 32 years' experience working across Australia, Mexico and New Zealand. After graduating with a Master of Science (Geology) from University of Canterbury, New Zealand, Stuart rapidly progressed through geology ranks to Geology Manager level before spending 15 years in project development and general operations management, including the past five years as a C-level executive. Stuart joined Gold Fields in mid-2013 initially at St Ives, before being appointed General Manager at the Granny Smith Mine, and then Vice President Operations - Australia. In February 2017 Stuart took over the position of Executive Vice President - Australasia and was also appointed to the executive committee of Gold Fields International. His role involved managing Gold Fields' regional mining portfolio that delivered +1m oz of gold per annum as well as leading strategic growth in Australia and greater Gold Fields globally. During his career he has delivered five mining projects from exploration through development to full operations. Mr Alberto Cerda – Project Director Alberto Cerda is a Chilean mining engineer and professional with over 40 years' experience working in the Chilean and international mining industry. Alberto's experience spans oversight of mining reserves and mine production across underground and open pit mining operations, metallurgical processes, metal marketing, corporate governance and business operations across large organisations including Newmont, Barrick, Antofagasta Minerals, Glencore, BHP Billiton and CODELCO. Over the past 30 years, Alberto has acted in Mine Manager, General Manager and Project Director roles across both greenfield and brownfield mining projects from conceptual stage to development, execution and operation including Los Pelambres, Lomas Bayas, Antamina, Collahuasi, Spence, Cerro Colorado and El Indio. Over the past five years, Alberto led the Norte Abierto Joint Venture as Project Director for Newmont and Barrick in developing the neighbouring Cerro Casale and Caspiche gold-copper deposits in northern Chile. The Company welcomes these two key appointments at an important inflexion point in the Company's growth and looks forward to Stuart and Alberto's contribution and stewardship of Hot Chili's final stages of investment to deliver a new mid-tier copper-gold producer. Further updates are expected. This announcement was approved and authorised for release by the Board of Hot Chili. For further information, please contact: or visit Hot Chili's website at Qualifying Statements Disclaimer Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Hot Chili Limited
West Australian
07-05-2025
- Business
- West Australian
Hot Chili strengthens team to push Chile projects into development
Hot Chili has secured the services of two seasoned mining executives to bolster leadership as the company progresses its Costa Fuego copper-gold project and Huasco Water venture in Chile's Atacama region. Ex-Gold Fields Australia executive Stuart Mathews joins as non-executive chairman, while Chilean copper expert Alberto Cerda assumes the role of project director. Cerda brings a particular set of skills… namely in mine development and operations to support the company's upcoming definitive feasibility studies for both projects. The appointments align with Hot Chili's strategic focus on advancing its low-altitude, copper and water projects amid a looming copper market, which has international majors clamouring for quality. Hot Chili says Mathews' and Cerda's proven expertise in delivering large-scale mining operations - particularly in Chile in Cerda's case - positions the company to navigate the complexities of project development, resource optimisation and strategic partnerships in the world's top copper producing country. Costa Fuego is a large copper-gold porphyry set to churn out 116,000 tonnes per annum of copper-equivalent metal, which includes 95,000t of copper and 48,000 ounces of gold in its first 14 years. Importantly for Hot Chili's metals mix, chairman Mathews comes from a gold mining background as the recent executive vice president for Gold Fields in Australasia, where he oversaw operations producing more than 1 million ounces of gold annually. Cerda takes care of the copper background as a Chilean mining engineer with more than 40 years of experience in major copper projects in Chile for companies such as Newmont, Barrick and BHP Billiton. Hot Chili's projects are strategically positioned to benefit from rising copper demand and regional infrastructure needs. Costa Fuego's robust economics and Huasco Water's exclusive water supply permit make it strategically significant to the region. With environmental permitting and exploration ongoing, the company is well-placed to deliver and further extend its overall resource numbers, thanks to a recent discovery of copper-gold porphyry mineralisation at its non-contiguous but nearby La Verde project. Located 60 kilometres from Las Losas port on Chile's coastal range, Costa Fuego is Hot Chili's flagship project. A recent prefeasibility study outlined a 20-year mine life with a maiden ore reserve of 502Mt grading 0.37 per cent copper, 0.10 grams per tonne (g/t) gold, 0.49g/t silver, and 97 parts per million (ppm) molybdenum, with a contained 1.86Mt copper, 1.58M ounces gold, 7.95M ounces silver and 49,000t molybdenum. The project is expected to generate a post-tax net present value (NPV) of US$1.2 billion at a US$4.30 a pound copper price and US$2280 per ounce gold price. At current market prices, the NPV increases to US$2.2B, with a 19 per cent internal rate of return and a five-year payback on US$1.27B capital expenditure. Hot Chili's 80 per cent-owned Huasco Water project, in partnership with Compañia Minera del Pacifico, addresses critical water scarcity in the Huasco Valley. Secured after a decade-long regulatory process, Huasco Water holds the region's only maritime licence for seawater supply, providing the project with a significant competitive advantage. Its recent pre-feasibility study detailed a two-stage development plan to supply water to local major copper producers, to earn an estimated revenue of US$9.35B and a US$977M NPV over 22 years of supply. The company has completed its baseline environmental studies and a second maritime concession application is under review, positioning Huasco Water, like Costa Fuego copper, to commence supply by the end of the decade. With copper prices soaring and gold continuing at all-time highs, the appointments come at pivotal time in the company's development. Hot Chili says it remains on a tidy $7.5M cash pile to rapidly expand its resources, while simultaneously courting strategic partners for production at its huge copper and water undertakings. Is your ASX-listed company doing something interesting? Contact:
Sydney Morning Herald
07-05-2025
- Business
- Sydney Morning Herald
Hot Chili strengthens team to push Chile projects into development
Hot Chili has secured the services of two seasoned mining executives to bolster leadership as the company progresses its Costa Fuego copper-gold project and Huasco Water venture in Chile's Atacama region. Ex-Gold Fields Australia executive Stuart Mathews joins as non-executive chairman, while Chilean copper expert Alberto Cerda assumes the role of project director. Cerda brings a particular set of skills… namely in mine development and operations to support the company's upcoming definitive feasibility studies for both projects. The appointments align with Hot Chili's strategic focus on advancing its low-altitude, copper and water projects amid a looming copper market, which has international majors clamouring for quality. Hot Chili says Mathews' and Cerda's proven expertise in delivering large-scale mining operations - particularly in Chile in Cerda's case - positions the company to navigate the complexities of project development, resource optimisation and strategic partnerships in the world's top copper producing country. Costa Fuego is a large copper-gold porphyry set to churn out 116,000 tonnes per annum of copper-equivalent metal, which includes 95,000t of copper and 48,000 ounces of gold in its first 14 years. Importantly for Hot Chili's metals mix, chairman Mathews comes from a gold mining background as the recent executive vice president for Gold Fields in Australasia, where he oversaw operations producing more than 1 million ounces of gold annually. Cerda takes care of the copper background as a Chilean mining engineer with more than 40 years of experience in major copper projects in Chile for companies such as Newmont, Barrick and BHP Billiton. Hot Chili's projects are strategically positioned to benefit from rising copper demand and regional infrastructure needs. Costa Fuego's robust economics and Huasco Water's exclusive water supply permit make it strategically significant to the region. With environmental permitting and exploration ongoing, the company is well-placed to deliver and further extend its overall resource numbers, thanks to a recent discovery of copper-gold porphyry mineralisation at its non-contiguous but nearby La Verde project. Located 60 kilometres from Las Losas port on Chile's coastal range, Costa Fuego is Hot Chili's flagship project. A recent prefeasibility study outlined a 20-year mine life with a maiden ore reserve of 502Mt grading 0.37 per cent copper, 0.10 grams per tonne (g/t) gold, 0.49g/t silver, and 97 parts per million (ppm) molybdenum, with a contained 1.86Mt copper, 1.58M ounces gold, 7.95M ounces silver and 49,000t molybdenum.
The Age
07-05-2025
- Business
- The Age
Hot Chili strengthens team to push Chile projects into development
Hot Chili has secured the services of two seasoned mining executives to bolster leadership as the company progresses its Costa Fuego copper-gold project and Huasco Water venture in Chile's Atacama region. Ex-Gold Fields Australia executive Stuart Mathews joins as non-executive chairman, while Chilean copper expert Alberto Cerda assumes the role of project director. Cerda brings a particular set of skills… namely in mine development and operations to support the company's upcoming definitive feasibility studies for both projects. The appointments align with Hot Chili's strategic focus on advancing its low-altitude, copper and water projects amid a looming copper market, which has international majors clamouring for quality. Hot Chili says Mathews' and Cerda's proven expertise in delivering large-scale mining operations - particularly in Chile in Cerda's case - positions the company to navigate the complexities of project development, resource optimisation and strategic partnerships in the world's top copper producing country. Costa Fuego is a large copper-gold porphyry set to churn out 116,000 tonnes per annum of copper-equivalent metal, which includes 95,000t of copper and 48,000 ounces of gold in its first 14 years. Importantly for Hot Chili's metals mix, chairman Mathews comes from a gold mining background as the recent executive vice president for Gold Fields in Australasia, where he oversaw operations producing more than 1 million ounces of gold annually. Cerda takes care of the copper background as a Chilean mining engineer with more than 40 years of experience in major copper projects in Chile for companies such as Newmont, Barrick and BHP Billiton. Hot Chili's projects are strategically positioned to benefit from rising copper demand and regional infrastructure needs. Costa Fuego's robust economics and Huasco Water's exclusive water supply permit make it strategically significant to the region. With environmental permitting and exploration ongoing, the company is well-placed to deliver and further extend its overall resource numbers, thanks to a recent discovery of copper-gold porphyry mineralisation at its non-contiguous but nearby La Verde project. Located 60 kilometres from Las Losas port on Chile's coastal range, Costa Fuego is Hot Chili's flagship project. A recent prefeasibility study outlined a 20-year mine life with a maiden ore reserve of 502Mt grading 0.37 per cent copper, 0.10 grams per tonne (g/t) gold, 0.49g/t silver, and 97 parts per million (ppm) molybdenum, with a contained 1.86Mt copper, 1.58M ounces gold, 7.95M ounces silver and 49,000t molybdenum.
