Hot Chili Reports Significant Expansion of High Grade Core with Q4 Results
Highlights La Verde Diamond Drilling Rapidly Expands Gold-Rich Major Copper Discovery Higher-grade Copper-Gold Starter Pit for Costa Fuego Materialising Strategic Partnering Process Advancing EIA and Development Studies Advancing A$4.6M Cash and A$2.8M in Returns Expected (VAT and JV recoup) 1 Regulatory approval refers to a Sectoral Permit, which is the appropriate regulatory authorisation for a project […]
New Assays Expand the High Grade Copper Core at La Verde
Third diamond hole records 495m grading 0.38% Cu & 0.10g/t Au from 3m depth, including 123m grading 0.50% Cu & 0.13g/t Au Highlights Hot Chili’s Managing Director Mr. Christian Easterday commented, “Hot Chili is delighted to report these compelling assay results from La Verde, with more expected soon. Against a strong backdrop of record copper […]
Hot Chili Commences Depth Extension Drilling of La Verde Discovery
Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) announced that diamond drilling has commenced at the La Verde copper-gold (Cu-Au) discovery, located approximately 30km south of the Company’s Costa Fuego Cu-Au Project (“Costa Fuego” or “the Project”) planned central processing hub at low elevation in the coastal range of the Atacama region, Chile. Diamond […]
Hot Chili Announces A$14M Rights Issue to Complete Strategic Partnership Process and & Maiden La Verde Resource Estimate
Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) announced that they will be undertaking a A$14 million funding, exclusively offered to all eligible shareholders. The A$14 million funding will be via non-renounceable entitlements offer of new shares on a 2 for 13 basis, at an issue price of A$0.60 (60 cents) per share (the […]
Hot Chili Releases Q2 Operational Update – In Discussions with Potential Partners
Highlights Latest Drill Results Double La Verde Porphyry Discovery Footprint • Completion of phase-one Reverse Circulation (“RC”) drilling program confirms significant copper-gold (Cu-Au) discovery, with mineralization extending over 1 km in length and up to 750 m in width from near surface. • Discovery remains open laterally and at depth, with over half of Hot […]
Mine Life Upgrade Probability Increases with New Drill Results at Hot Chili’s La Verde Discovery
Rapidly Expanding Discovery, Multiple Higher-Grade Centres Confirmed Latest assays from phase-one Reverse Circulation (RC) drilling confirm copper-gold (Cu-Au) mineralisation now extending over 1 km in length and up to 750 m in width, from near surface Higher-grade centres confirmed across the extent of the shallow oxide and sulfide discovery New significant drill results include: 389 […]
Hot Chili Confirms Major Discovery in Q1 2025 Report
Highlights Hot Chili Announces Preliminary Feasibility Study (PFS) & Maiden Ore Reserve for the Costa Fuego Cu-Au Project Low-risk, Chilean coastal copper development with advanced permitting – multi-decade mine life, top quartile copper production scale and lowest quartile capital intensity Strong economics and leverage to rising copper price: Post-tax Net Present Value (NPV8%) of US$1.2 […]
Hot Chili Announces PFS & Maiden Ore Reserve
Bottom Line Hot Chili continues to advance one of the largest copper projects not owned by a major. The PFS (Preliminary Feasibility Study) takes them one important step closer to making an investment decision and moving the project to production. Importantly, the PFS economics, which were already very good, remain largely unchanged even with an […]