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Hot Chili Limited (ASX:HCH)

ALERT: Price-sensitive ASX Announcement for HCH
Current share price for HCH : $1.640 0.185 (12.71%)+
Announcement
Release
30 Jul 2026 9:04AM
Price at Release
$1.455
Full Release
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Summary
Hot Chili Limited's quarterly report for the period ending 30 June 2026 highlights the company's strategic financial moves and exploration progress. The company secured substantial funding of US$15 million through an amendment agreement with OR Royalties, boosting their cash reserves to approximately A$46 million. This funding supports the development of the La Verde asset, which now forms part of OR’s royalty portfolio. The Costa Fuego Copper-Gold Project remains at the Pre-Feasibility Study stage, with the company conducting significant drilling activities, capturing high-grade copper and gold results. While no customer receipts were reported, there were notable outlays in staff and administration costs. The company’s exploration efforts are ongoing, with pending assays for several drillholes.
Key Points
  • Hot Chili Limited secured US$15 million via an amendment agreement with OR Royalties, enhancing their cash position to approximately A$46 million.
  • The company's La Verde asset has been added to OR’s royalty footprint, contributing to the funding and strategic partnering process.
  • Hot Chili's Costa Fuego Copper-Gold Project is currently in the Pre-Feasibility Study stage with ongoing technical and economic assessments.
  • The company recorded significant drilling results, including multiple intervals of high-grade copper and gold.
  • Receipts from customers were not reported, but significant expenditures were noted in staff costs and administration/corporate costs.
  • As of the quarter ending 30 June 2026, Hot Chili Limited reported a strong cash position.
  • The report includes pending assays for 21 drillholes, indicating active exploration and development progress.
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.