Hot Chili Arranges A$40 Million Funding to Accelerate La Verde into Expanded Feasibility for the Costa Fuego Cu-Au Project
Highlights Hot Chili Limited (ASX: HCH) (TSXV: HCH) (“Hot Chili” or the “Company”) is pleased to announce that it hassuccessfully arranged a A$40 million private placement to institutional and professional investors through theissue of 24,242,425 new fully paid ordinary shares (“Shares”) at an offer price of A$1.65 (C$1.56) per Share(the “Placement”). Veritas Securities Limited, ATB […]
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 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 […]