Hot Chili Limited
HCH.ASXMaterials
Copper, Gold, and precious metals.
Market Data
$1.940
+0.1%$370.0M
-100000.0x
$-0.053
0.00%
+0.5%
Latest Earnings
March 2026 Quarterly Report - updated
30 April 2026
Hot Chili Limited completed a A$40 million funding round in Q1 2026 to accelerate the Costa Fuego copper-gold project in Chile, with exceptional drilling results at La Verde including a standout 725m intersection grading 0.42% CuEq and emerging higher-grade starter pit potential from near-surface mineralization. The company maintained a strong cash position of A$35.2M with no debt, appointed engineering firm Ausenco to lead the feasibility study, and continues advancing strategic partnership discussions while progressing towards maiden mineral resource definition. Key points: Secured A$40 million funding from institutional investors and major shareholders (Glencore, Blue Spec, GS Group) to accelerate Costa Fuego development and La Verde exploration; Outstanding drill result from DKD039: 725m grading 0.42% CuEq from 18m depth, including 62m grading 1.03% CuEq (0.90% Cu, 0.18 g/t Au) at depth, confirming major high-grade core extension; Emerging higher-grade starter pit identified: 13 significant intersections delineating +0.6% CuEq zone from surface to 250m depth across 450m x 400m area, potentially reducing payback period and improving project economics
Recent Announcements
March 2026 Quarterly Report - updated
Hot Chili Limited completed a A$40 million funding round in Q1 2026 to accelerate the Costa Fuego copper-gold project in Chile, with exceptional drilling results at La Verde including a standout 725m intersection grading 0.42% CuEq and emerging higher-grade starter pit potential from near-surface mineralization. The company maintained a strong cash position of A$35.2M with no debt, appointed engineering firm Ausenco to lead the feasibility study, and continues advancing strategic partnership discussions while progressing towards maiden mineral resource definition. Key points: Secured A$40 million funding from institutional investors and major shareholders (Glencore, Blue Spec, GS Group) to accelerate Costa Fuego development and La Verde exploration; Outstanding drill result from DKD039: 725m grading 0.42% CuEq from 18m depth, including 62m grading 1.03% CuEq (0.90% Cu, 0.18 g/t Au) at depth, confirming major high-grade core extension; Emerging higher-grade starter pit identified: 13 significant intersections delineating +0.6% CuEq zone from surface to 250m depth across 450m x 400m area, potentially reducing payback period and improving project economics
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