Hot Chili Ltd.

Highlights Next phase of Hot Chili's 30,000m resource growth focused drill programme is underway, with double- shift diamond drilling operations commencing on 12th January 2024 at the Company's low-altitude, Costa Fuego copper-gold project in Chile. Seven large-scale copper targets adjacent to the Cortadera and Productora mineral resources prepared for diamond drill testing, with ten diamond drill tails planned [...]

Reduction in Option Payments of US$10 Million for 2024 Hot Chili Ltd. is pleased to announce that the Company has materially improved the terms of several option agreements to acquire landholdings as part of the Company's Costa Fuego Copper-Gold Project in the coastal range of the Atacama Region, Chile. Highlights Three Options due for exercise in 2024, have been terminated and replaced with one new option agreement now [...]

Hot Chili Ltd. is pleased to advise the results of its 2023 Annual General Meeting held in Perth, Australia on 29 November 2023 AWST. A total of 33,284,747 ordinary shares, or 28% of Hot Chili's issued shares, were represented in person or by proxy at the AGM. All resolutions listed as the items of business at the AGM were tabled and all items of business put forth at the AGM were passed by the requisite majority [...]

Options Executed to Acquire Two Historical Mine Areas Hot Chili Ltd. is pleased to announce that the Company has entered into Option Agreements to acquire 100% interest in two historical copper mine areas; Marsellesa and Cordillera, located near Hot Chili's Costa Fuego Copper-Gold Project in the coastal range of the Atacama Region, Chile Marsellesa and Cordillera are located approximately 10km southwest of Costa Fuego's [...]

Highlights Hot Chili Files NI 43-101 Technical Report for the Costa Fuego Copper-Gold Project in Chile The Company filed the report titled "Costa Fuego Copper Project NI 43-101 Technical Report Preliminary Economic Assessment" 1 and dated August 2023, with an effective date of June 28, 2023 , prepared pursuant to CIM National Instrument 43-101 - Standards of Disclosure for Mineral Projects The Technical Report supported [...]

Hot Chili Ltd. is pleased to release an updated corporate presentation for the Precious Metals Summit being held in Bever Creek, Colorado between the 12th and 15th September 2023. Hot Chili's Chairman, CEO and Executive Vice President of Chile will be attending the conference and presenting in a busy schedule of one-on-one meetings. The presentation outlines the results of the Company's recently completed Preliminary [...]

PERTH, Australia, Aug. 28, 2023 /CNW/ - Hot Chili Ltd. is pleased to announce that the Company has entered into a binding letter of intent with Bastion Minerals Limited for the grant to Hot Chili of an option to acquire 100% of Bastion's Cometa Project in Chile , located near Hot Chili's Costa Fuego Copper-Gold Project in the coastal range of the Atacama Region, Chile. Cometa consists of exploration and mining concessions [...]

Hot Chili Ltd. is pleased to announce that it has filed a National Instrument 43-101 Technical Report for its Costa Fuego copper-gold project in Chile. The report titled "Costa Fuego Copper Project NI 43-101 Technical Report Preliminary Economic Assessment" and dated August 2023, with an effective date of June 28 2023 , was prepared pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral Projects . It [...]

Hot Chili Ltd. is pleased to announce that drilling has re-commenced across the western extension of the Cortadera porphyry resource, part of the Company's Costa Fuego Copper-Gold Project located 600 km north of Santiago, at low elevation in the coastal range of the Atacama Region, Chile. Drilling operations have been underway for five days with one reverse circulation rig in operation and further diamond drill rigs to be [...]

Highlights Costa Fuego Copper-Gold Project Preliminary Economic Assessment 1 Outlines One of World's Lowest Capital Intensity, Major Copper Developments Strong Economics: Costa Fuego PEA delivers using an 8% discount rate and long-term metal price assumptions of US$3.85/lb copper and US$1,750/oz gold Base-case post-tax Net Present Value of US$1.10 Billion and Internal Rate of Return of 21% Low Start-up Capital: US$1.05 [...]