InvestSMART

Hot Chili Limited (ASX:HCH)

ALERT: Price-sensitive ASX Announcement for HCH
Current share price for HCH : $1.630 0.13 (8.67%)+
Announcement
Release
28 Jul 2026 8:26AM
Price at Release
$1.500
Full Release
download
Summary
Hot Chili Limited has released strong drilling results from its La Verde copper-gold porphyry discovery, located in Chile's Atacama region. The exploration has revealed significant copper equivalent grades, confirming the potential of La Verde as a cornerstone asset for the company. With an ongoing focus on expanding the resource through step-out drilling, the discovery is emerging as a high-grade core within the broader Costa Fuego project area. The company is addressing assay turnaround delays to enhance exploration efficiency, with future exploration aimed at increasing the resource base.
Key Points
  • Hot Chili Limited reports significant drilling results from La Verde Cu-Au porphyry discovery.
  • La Verde is located 30 km south of Costa Fuego, in Chile’s coastal Atacama region.
  • Recent drilling has expanded the discovery footprint, with step-out drilling yielding promising copper equivalent grades.
  • Several drill holes reported high copper equivalent grades, indicating a firming high-grade core at La Verde.
  • The Company is optimizing assay turnaround times with a second laboratory now operational.
  • Plans are underway to continue exploring additional targets at La Verde and expand the mineral resource.
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.