Hot Chili Files NI 43-101 Technical Report for the Costa Fuego Copper-Gold Project in Chile

Rhea-AI Summary

Hot Chili Ltd. (HHLKF) has filed an independent technical report on SEDAR+ for its Costa Fuego copper-gold project in Chile. The NI 43-101 compliant Technical Report, dated May 9, 2025, with an effective date of March 27, 2025, supports the previously announced pre-feasibility study results for the project. The report, titled "Costa Fuego Copper Project NI 43–101 Technical Report Preliminary Feasibility Study," confirms there are no material differences from the information disclosed in the March 27, 2025 news release. The report is now available for review on both SEDAR+ and the company's website.

PERTH, Australia, May 9, 2025 /PRNewswire/ - Hot Chili Ltd. ("Hot Chili" or the "Company") (TSXV: HCH) (OTCQX: HHLKF) (ASX: HCH) is pleased to announce that it has filed on SEDAR+ an independent technical report for its Costa Fuego copper-gold project in Chile.

The report titled "Costa Fuego Copper Project NI 43–101 Technical Report Preliminary Feasibility Study" and dated 9 May 2025 with an effective date of March 27, 2025 (the "Technical Report"), was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). It is available for review on both SEDAR+ (www.sedarplus.ca) and the Company's website (www.hotchili.net.au).

The Technical Report supports the news release dated 27 March 2025 announcing the results of the pre-feasibility study in respect of the Costa Fuego Copper-Gold Project. There are no material differences between the Technical Report and the information disclosed in the news release dated 27 March 2025.

This announcement is authorised by the Board of Directors for release to ASX and TSXV.

Hot Chili's Managing Director and Chief Executive Officer Mr Christian Easterday is responsible for this announcement and has provided sign-off for release to the ASX and TSXV.

Technical Information

Scientific and technical information in this Announcement has been reviewed and approved by Mr Christian Easterday, the Managing Director of Hot Chili Limited who is a Member of the Australasian Institute of Geoscientists (AIG) and a Qualified Person as defined in NI 43-101.  For further information on Costa Fuego please see the Technical Report.

For more information please contact:

Christian Easterday Managing Director – Hot Chili		Tel:       +61 8 9315 9009 Email:  admin@hotchili.net.au
Carol Marinkovich Company Secretary – Hot Chili		Tel:       +61 8 9315 9009 Email:  admin@hotchili.net.au
Graham Farrell Investor & Public Relations (Canada)		Email: graham@hotchili.net.au

or visit Hot Chili's website at www.hotchili.net.au

Disclaimer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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SOURCE Hot Chili Limited

FAQ

What is the significance of Hot Chili's (HHLKF) NI 43-101 Technical Report filing?

The NI 43-101 Technical Report filing validates the pre-feasibility study results for Hot Chili's Costa Fuego copper-gold project in Chile, confirming no material differences from the previously announced results on March 27, 2025.

Where can investors access Hot Chili's (HHLKF) Costa Fuego Technical Report?

The Technical Report is available for review on SEDAR+ (www.sedarplus.ca) and Hot Chili's company website (www.hotchili.net.au).

When was the effective date of Hot Chili's (HHLKF) Costa Fuego Technical Report?

The Technical Report has an effective date of March 27, 2025, while the report itself is dated May 9, 2025.

Who approved the technical information in Hot Chili's (HHLKF) Costa Fuego report?

The technical information was reviewed and approved by Christian Easterday, Hot Chili's Managing Director, who is a Member of the Australasian Institute of Geoscientists and a Qualified Person as defined in NI 43-101.