Hot Chili Limited

Quarterly Report Period Ending 31st December 2022

Hot Chili Limited (ASX: HCH) (TSXV:HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") provides its activities report for the quarter ended 31 December 2022.


Highlights

  • Consolidation Efforts Secure Major Extensions to Cortadera
  • Access Granted by Chilean Naval Authority to Maritime Concession Land for Costa Fuego Appointment of New Canadian Director Stephen Quin
  • Final 2022 Metallurgical Drill Results Confirm Robust Resource Estimate for Productora
    • MET026 - 80m1 grading 0.7% CuEq* (0.6% Cu, 0.2g/t Au) from 101m downhole including 23m grading 1.0% CuEq (0.9% Cu, 0.2g/t Au) from 101m
    • MET028 - 277m2 grading 0.5% CuEq (0.4% Cu, 0.1g/t Au) from 49m downhole including 46m grading 1.1% CuEq (1.0% Cu, 0.2g/t Au) from 280m
  • Next Growth Phase Begins with Drilling Underway, Strong Cash Balance of A$10.8 M
SUMMARY OF OPERATIONAL ACTIVITIES

Consolidation Efforts Secure Major Extension to Cortadera

During the quarter, Hot Chili announced the details of successful consolidation efforts to secure additional mining rights covering the western extensions to the Cortadera copper-gold porphyry resource, the centre- piece of the Company’s Costa Fuego senior copper development in Chile.

On 25th November, the Company announced the execution of an Option Agreement with Chilean copper major Antofagasta Minerals S.A. (AMSA) enabling Hot Chili to acquire a 100% interest in AMSA’s mining rights adjoining the western margin of Cortadera.

Three days later, Hot Chili confirmed further consolidation after successfully securing several new prospective mining rights at a government-run, public auction for the Huasco region of Chile. The new mining rights are located alongside mining rights subject to the AMSA Option Agreement.

Together, these new landholdings consolidate the western extension of Cortadera, more than double the prospective strike length from 2.7km to 5.2km and allow Hot Chili to test a potentially much larger copper porphyry cluster.

Click here for the full ASX Release

This article includes content from Hot Chili Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

HCH:AU
The Conversation (0)
Hot Chili Limited

Hot Chili Limited

Low-Altitude Sizeable Copper Development in South America

East Star Resources

New VMS Licence Award at Rulikha Deposit

East Star Resources Plc (LSE:EST), which is exploring for copper and gold in Kazakhstan, is pleased to announce it has been awarded a new exploration licence - 3631-EL (the "Licence"), encompassing the remaining part of the induced-polarisation (IP) anomaly north of the Rulikha Deposit.With the... Keep Reading...
Closeup of stacked, polished copper bars with a soft purple and orange background.

Copper Price Update: Q3 2025 in Review

Copper prices were volatile during Q3, swinging to record highs of US$5.81 per pound on the COMEX.The movement was fueled by traders importing copper products into the US following President Donald Trump’s tariff announcement on July 8. However, prices fell in early August as the White House... Keep Reading...
Panama flag waving against a clear blue sky.

Panama Sets Firm Ownership Terms Ahead of Cobre Mine Negotiations

Panama will demand that any new deal to reopen the US$10 billion Cobre Panama copper mine explicitly recognizes the state’s ownership of the land and its mineral resources, Finance Minister Felipe Chapman said according to a Bloomberg report.“For us, it’s important to have an agreement that... Keep Reading...
Copper pipes background with "5 Top Australian Mining Stocks This Week" text overlay.

Top 5 Australian Mining Stocks This Week: Bougainville Copper Soars on Panguna Update

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.Companies focused on critical minerals copper, cobalt, antimony and rubidium form this week’s top performers, showing an alignment with... Keep Reading...
African Discovery Group

AFDG via Butembo Acquisition Becomes First US Public Company in the Democratic Republic of the Congo (DRC)

The Governments of the United States and the Democratic Republic of the Congo (DRC) co-hosted the U.S.–DRC Economic and Investment Forum in Washington, D.C. The two-day event convened senior officials from both governments, institutional investors, representatives of major development finance... Keep Reading...
Domestic Metals Clarifies First-Tranche Financing Close

Domestic Metals Clarifies First-Tranche Financing Close

Domestic Metals Corp. (the "Company" or "Domestic") - (TSXV: DMCU; OTCQB: DMCUF; FSE: 03E) reports further to their news release dated October 9, 2025 announcing the closing of a first tranche of the LIFE Offering (the "Offering") issuing an aggregate 4,695,715 units of the Company ("Units") at... Keep Reading...

Latest Press Releases

Related News