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Hot Chili Limited (ASX:HCH)

ALERT: Price-sensitive ASX Announcement for HCH
Current share price for HCH : $1.425 -0.475 (-25%)+
Announcement
Release
7 Jul 2026 9:43AM
Price at Release
$1.900
Full Release
download
Summary
The document provides an overview of Hot Chili Limited's Costa Fuego copper-gold project, highlighting its position as a leading global copper development with strategic water resources. The project's Mineral Reserve is reported under JORC and CIM standards, with a substantial resource base suitable for open-pit and underground mining. Financial projections leverage copper price trends, with the PFS detailing the economic viability based on a long-term copper price of US$4.30/lb. The document also outlines the strategic importance of water resources, including seawater and desalinated water supply systems. The leadership team is noted for their expertise, and the company is publicly traded on several markets.
Key Points
  • Hot Chili Limited's Costa Fuego project is a top global copper development with strategic water assets.
  • The project encompasses several deposits including the Productora, Cortadera, Alice, and San Antonio.
  • Costa Fuego's Mineral Reserve is reported in accordance with the JORC Code and CIM Standards.
  • The company highlights a strong financial outlook with leverage to copper price fluctuations.
  • Hot Chili has prepared the Costa Fuego Preliminary Feasibility Study (PFS) detailing potential financial outcomes.
  • Strategic water resources are a key aspect of the project, with plans for seawater and desalinated water supply.
  • The project has a significant resource base amenable to open-pit and underground mining methods.
  • The financial analysis uses a long-term copper price of US$4.30/lb and gold price of US$2,280/oz.
  • Hot Chili's management and board include experienced professionals with a focus on sustainability and development.
  • The company is listed on multiple exchanges including ASX, TSXV, and OTCQX.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.