La Verde Emerges as Cornerstone Growth Asset for Costa Fuego
Hot Chili Limited (ASX: HCH) delivered a strong June 2026 quarter, with continued drilling success at the La Verde copper-gold discovery in Chile, reinforcing its potential to become a cornerstone asset within the Costa Fuego development. Multiple drill results confirmed broad, near-surface higher-grade mineralisation, including an intersection of 391.3 metres grading 0.50% CuEq from surface, supporting the potential for a higher-grade starter pit and future maiden Mineral Resource. The Company is progressing environmental, engineering and development studies, with a revised Pre-Feasibility Study and Environmental Impact Assessment advancing in parallel. Hot Chili further strengthened its funding position by securing an additional US$15 million through an amended royalty agreement with OR Royalties, taking total royalty consideration to US$30 million, while closing the quarter with A$25 million in cash and subsequently strengthening liquidity to approximately A$46 million following completion of the OR transaction. The Company also continues to advance strategic partnering discussions to support the development of the Costa Fuego copper-gold project.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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La Verde Emerges as Cornerstone Growth Asset for Costa Fuego
Hot Chili Limited (ASX: HCH) delivered a strong June 2026 quarter, with continued drilling success at the La Verde copper-gold discovery in Chile, reinforcing its potential to become a cornerstone asset within the Costa Fuego development. Multiple drill results confirmed broad, near-surface higher-grade mineralisation, including an intersection of 391.3 metres grading 0.50% CuEq from surface, supporting the potential for a higher-grade starter pit and future maiden Mineral Resource. The Company is progressing environmental, engineering and development studies, with a revised Pre-Feasibility Study and Environmental Impact Assessment advancing in parallel. Hot Chili further strengthened its funding position by securing an additional US$15 million through an amended royalty agreement with OR Royalties, taking total royalty consideration to US$30 million, while closing the quarter with A$25 million in cash and subsequently strengthening liquidity to approximately A$46 million following completion of the OR transaction. The Company also continues to advance strategic partnering discussions to support the development of the Costa Fuego copper-gold project.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au