Hot Chili Ltd Stock Price, News & Analysis

Hot Chili (OTCQX:HHLKF / ASX:HCH) held its Annual General Meeting on 27 November 2025 and announced that all resolutions were passed on a poll.

Key outcomes included: adoption of the remuneration report; election and re-election of directors; re-approval of the Employee Incentive Plan; grant of service, STI and LTI performance rights; approval of auditor; and approval of an Additional Placement Facility. Poll results and proxy details were disclosed for each resolution, with final carried percentages ranging from the high 80s to mid-90s on major items.

Hot Chili (OTCQX: HHLKF) reported first assays from La Verde diamond drilling on Nov 27, 2025, returning a standout twin hole DKD032: 529 m @ 0.41% Cu and 0.21 g/t Au from 41 m to end of hole, including 148 m @ 0.60% Cu & 0.30 g/t Au from 70 m. DKD032 extends discovery hole DKP002 by 221 m and expands mineralisation laterally and to ~600 m vertical depth. 2,700 m of Phase two drilling completed; assays pending for five more diamond holes. Company plans to re-enter DKD032 after mechanical termination. Results may add open-pit material to Costa Fuego mine schedule and affect March 2025 PFS metrics.

Hot Chili (OTCQX: HHLKF) will hold its 2025 Annual General Meeting on Thursday, 27 November 2025 at 9:30am AWST. Shareholders may attend in person at Hot Chili, First Floor, 768 Canning Highway, Applecross WA 6153, or join a live webcast via Microsoft Teams (Meeting ID: 416 460 253 829 2; Passcode: jG7zH2p6). Registration opens at 9:15am AWST and webcast participants can submit written questions during the meeting in relation to each resolution.

For queries contact Managing Director Christian Easterday, Company Secretary Carol Marinkovich, or Investor Relations.

Hot Chili (OTC:HHLKF) reported Q3 activities for the period ending 30 September 2025, highlighting a fully subscribed A$14.1M entitlement offer and a cash position of A$13.8M with no debt. Diamond drilling at the La Verde Cu-Au porphyry discovery commenced on 22 September 2025, following a 10,000 m RC program that defined a +0.2% Cu footprint ~1,000 m by 750 m and to 400 m depth. Three diamond holes are complete and assays are pending. Regulatory approval to expand La Verde drilling was received in early October 2025. The company continues an asset-level Partnering Process led by BMO Capital Markets. The Costa Fuego PFS requires funding of US$1.27B to reach development.

Hot Chili (OTCQX: HHLKF) received regulatory approval on Oct 9, 2025 to expand drill coverage at the La Verde Cu-Au discovery, ~30km south of the Costa Fuego central processing hub in Chile.

Phase two diamond drilling began on 22 Sep 2025 (single rig, double shift); two of an eleven-hole program are complete with visual porphyry-style Cu mineralisation observed and assays pending. The La Verde footprint measures 1,000m x 750m and extends up to 400m vertical depth. A second RC rig is planned to accelerate drilling and test lateral, along-strike, and district-scale porphyry cluster potential. Conceptual open-pit shells used Cu prices of US$3.50 and US$6.00.

Hot Chili Limited (OTCQX: HHLKF) has initiated diamond drilling at its La Verde copper-gold discovery in Chile's Atacama region, located 30km south of the Costa Fuego Project's planned processing hub. The phase-two drilling program, which commenced on September 22, 2025, follows successful initial reverse circulation drilling that confirmed a significant discovery footprint measuring 1,000m by 750m with +0.2% Cu mineralization extending to 400m depth.

The drilling aims to expand three identified high-grade centers, with previous drilling ending in mineralization. Impact modeling suggests potential for additional open pit material to enhance the Costa Fuego's 20-year mine schedule. Regulatory approvals for further drill access are in final stages, which will enable testing of lateral extensions and nearby targets.

Hot Chili Limited (OTCQX: HHLKF) has successfully completed its fully subscribed entitlement offer, raising A$14.1 million before costs. The pro-rata non-renounceable offer consisted of 2 new shares for every 13 shares held, priced at A$0.60 per share, with strong demand from Australian, Canadian, and international shareholders.

The funds will support key developments at the Costa Fuego copper-gold project in Chile, including completion of the company's asset-level strategic partnering process and commencement of phase-two diamond drilling at the La Verde copper-gold discovery. A total of 23,648,329 New Shares were accepted under the Entitlement Offer and shortfall facility, with new shares to be issued on September 9, 2025.

Hot Chili (OTC:HHLKF) has reported significant progress in its Q2 2025 operations, highlighted by the expansion of its La Verde copper-gold porphyry discovery. Phase-one drilling results confirmed mineralization extending over 1 km in length and 750m in width, with notable intercepts including 389m grading 0.4% Cu and 0.1 g/t Au. The company identified three higher-grade centers and potential for a district-scale porphyry cluster.

Strategic developments include the appointment of Stuart Mathews as Non-Executive Chair and Alberto Cerda as Project Director. The Costa Fuego Copper-Gold Project and Huasco Water Project have been registered for priority status by the Chilean Ministry of Economy. The company maintains a strong financial position with A$5.2M in cash and expects A$2.0M in VAT reimbursements.

Hot Chili Limited (HHLKF) has identified potential for a district-scale porphyry cluster near its La Verde copper-gold discovery in Chile. The company has detected three priority porphyry targets through recent geochemical and geophysical work, with two targets concealed under shallow gravel cover. The targets were identified using 3D magnetic inversion modeling and 3D geochemical probability modeling, showing similarities to the existing La Verde discovery which has a footprint of 1,000m by 750m. One target area, located 1km northeast of La Verde, is particularly promising due to overlapping geochemical and geophysical indicators. The company plans to expand its Phase-two La Verde drill program, with regulatory approval for drill pads expected by September 2025.