Hot Chili Limited reports on copper-gold exploration and development activity centered on its Costa Fuego project in Chile's coastal Atacama region. Recurring updates focus on the La Verde copper-gold porphyry discovery, including diamond and reverse-circulation drilling, assay results, mineralised zone extensions, and the relationship of La Verde to the planned Costa Fuego processing hub.
Company news also includes quarterly reports, capital-raising activity, feasibility and environmental study references, and commodity-market context for copper and gold. Technical disclosures in the company's releases commonly reference copper-equivalent grades, JORC Code reporting, and National Instrument 43-101 standards for mineral-project disclosure.
Hot Chili (HHLKF) reported new high-grade copper-gold drill results from the La Verde porphyry discovery in Chile, including 398 m grading 0.45% CuEq from surface in hole DKP063.
Within this intercept, DKP063 returned 62 m grading 0.91% CuEq from 20 m depth, with higher-grade sub-intervals of 12 m and 34 m at 1.00% CuEq. DKP075 delivered a partial result of 132 m at 0.57% CuEq from 24 m, including 42 m at 0.70% CuEq, while DKP064 returned 126 m at 0.45% CuEq from 54 m, plus 74 m at 0.35% CuEq from 276 m.
Updated assays from deep hole DKD060 extend mineralisation to 765.2 m down-hole, including 472 m at 0.41% CuEq from 49 m and a 2.3 m interval at 4.63% CuEq. A maiden Mineral Resource Estimate for La Verde is targeted later in 2026, ahead of integrating the deposit into an updated Costa Fuego Prefeasibility Study and a planned Environmental Impact Assessment submission in Q2 2027.
Hot Chili (OTCQX: HHLKF) reported further drill results from its La Verde copper-gold porphyry discovery, 30 km south of the Costa Fuego hub in Chile. New diamond hole DKD060 returned 472 m at 0.41% CuEq from 49 m, including 105.8 m at 0.70% CuEq from 397 m and 32.6 m at 0.90% CuEq from 438 m.
Reverse circulation hole DKP058 was extended to 182 m at 0.50% CuEq from 24 m, while DKP052 delivered 272 m at 0.40% CuEq from 82 m, with several higher-grade internal intervals. According to Hot Chili, the results expand La Verde’s high‑grade core and confirm continuity of shallow bulk mineralisation ahead of a maiden Mineral Resource Estimate later in 2026. Assays remain pending for 18 holes, and a fourth rig has been mobilised to accelerate drilling. The company plans a revised Costa Fuego Pre‑Feasibility Study incorporating La Verde and targets an Environmental Impact Assessment submission in Q2 2027.
Hot Chili (HHLKF) reported its quarterly activities to 30 June 2026, highlighting ongoing drilling at the La Verde copper-gold porphyry in Chile, where a third rig commenced in May. Standout intercepts included 391.1 m at 0.51% CuEq from surface in DKD044 and 250 m at 0.50% CuEq from 64 m in DKP053, expanding near-surface higher-grade mineralisation and the high-grade core.
The company executed an amendment with OR Royalties, adding La Verde, a pre-resource asset, to OR’s royalty footprint for US$15 million, bringing total consideration to US$30 million and equivalent to a 1.12% CuEq NSR royalty look-through. According to Hot Chili, this leaves it with a strong cash position of approximately A$46 million. Workstreams toward a maiden La Verde Mineral Resource, a revised Costa Fuego Pre-Feasibility Study, and submission of an Environmental Impact Assessment in Q2 CY 2027 advanced, supported by a new project development team and an additional ISO-accredited assay laboratory to improve turnaround times.
Hot Chili (OTCQX: HHLKF) reported further drilling results from its La Verde copper-gold porphyry discovery in Chile, 30 km south of the planned Costa Fuego processing hub. Recent shallow RC holes defined a near-surface enrichment zone, including 250 m at 0.50% CuEq from 64 m in DKP053 and 108 m at 0.54% CuEq from 24 m in DKP058.
Step-out diamond drilling continued to expand La Verde’s footprint, with DKD049 returning 213 m at 0.44% CuEq from 504 m and DKP028D recording 258.9 m at 0.42% CuEq from 358 m. According to Hot Chili, La Verde is being advanced toward a maiden Mineral Resource Estimate later in 2026, integration into a revised Costa Fuego Pre-Feasibility Study, and an Environmental Impact Assessment submission targeted for Q2 2027. Assays remain pending for 21 additional drillholes, while a second accredited laboratory is now operating at full capacity to improve turnaround times.
Hot Chili (OTCQX:HHLKF) signed a binding Amended and Restated Investment Agreement with OR Royalties, adding a Net Smelter Return royalty over the La Verde deposit within the Costa Fuego project in exchange for US$15 million cash.
This brings total OR royalty consideration across Costa Fuego to US$30 million, for an NSR equivalent to 1.12% CuEq over payable metals. The funding is non-dilutive and is expected to close in July 2026, subject to customary conditions, with proceeds directed to advancing La Verde and the broader Costa Fuego copper-gold project.
Hot Chili (OTCQX:HHLKF) reported new copper-gold drill results from the La Verde discovery, 30 km south of the Costa Fuego project in Chile.
Diamond hole DKD044 returned 391 m grading 0.51% CuEq from surface, with several higher-grade intervals, supporting potential for a shallow high-grade starter pit and expanding La Verde's high-grade core.
Hot Chili (OTCQX: HHLKF) reports new La Verde Cu-Au drilling that expands its higher-grade core and near-surface continuity. Key assay highlights include 86.6 m @ 0.45% CuEq from 4.4 m and 163.9 m @ 0.43% CuEq from 185.2 m. Visual 180 m chalcopyrite zone in DKD049 and three wide near-surface RC intersections (DKP052–54) support starter-pit potential. Assays pending for 14 holes; DKD049 expected late May 2026 and DKP052–54 in June 2026. Third drill rig expected to start soon.
Hot Chili (OTC:HHLKF) reported a A$40.0 million private placement and A$35.2 million cash at 31 March 2026 to accelerate development of the Costa Fuego Cu-Au project in Chile.
Key operational highlights: appointment of Ausenco for the feasibility study; delivery of a maiden La Verde resource, EIA submission, and integration of La Verde into an expanded mine plan targeted this year. Drill results at La Verde include DKD039: 725 m @ 0.42% CuEq from 18 m, and multiple near-surface intersections defining a potential higher-grade starter pit.
Hot Chili (OTCQX: HHLKF) reported a standout La Verde diamond drill result: 725 m @ 0.42% CuEq from 18 m, including 62 m @ 1.03% CuEq from 671 m, which the company says extends the high-grade core ~200 m down-dip. Two rigs are operating, a third is planned for May, and assays remain pending for eleven holes.
Results highlight potential near-surface starter-pit zones and continued footprint growth at La Verde within the Costa Fuego project.
Hot Chili (OTCQX: HHLKF) reported further shallow, high‑grade copper‑gold drilling at La Verde, part of the Costa Fuego project in Chile. Recent holes DKD036 returned 150 m @ 0.52% CuEq from 30 m and DKD035 220 m @ 0.47% CuEq from 38 m, expanding a ~400 m x 400 m higher‑grade near‑surface zone.
Visual chalcopyrite observed in DKD039 over ~150 m downhole width (several intervals >3%) notably expands the high‑grade core; assays are pending and expected April 2026.