Hot Chili (ASX:HCH) said that its non-executive chair Nicole Adshead-Bell resigned as a director of the firm, effective immediately, according to a Tuesday Australian bourse filing.

The firm is preparing the next steps toward a final phase of development as it awaits the release of pre-feasibility studies for its Costa Fuego copper-gold project and Huasco water project in Chile.

Shares of the mining firm fell 3% in recent trade.

Price (AUD): $0.67, Change: $-0.020, Percent Change: -2.92%