Hot Chili Limited
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- Hot Chili Limited (ASX: HCH; TSXV: HCH; OTCQX: HHLKF) engages primarily in mineral exploration and development, with a focus on copper-gold projects and associated water supply infrastructure in Chile's Atacama region. The company holds substantial interests in the flagship Costa Fuego copper-gold project, comprising the Cortadera, Productora, and San Antonio deposits located south of Vallenar; the La Verde copper-gold porphyry discovery situated 30km south of Costa Fuego; and the Huasco Water project, an 80%-owned subsidiary that controls the only granted maritime concession for seawater extraction and treatment in the Huasco Valley, enabling multi-decade supply for industrial use including up to 500 L/s for Costa Fuego via an executed memorandum of understanding. The Costa Fuego pre-feasibility study released in March 2025 outlines a 20-year mine life with average annual copper equivalent production of 116kt over 14 years of primary output using conventional open-pit and underground block-cave mining methods, seawater processing for enhanced recoveries, and delivery of clean concentrates free of deleterious elements; supporting advantages include proximity to the Pan-American Highway, existing renewable-heavy power infrastructure, and a memorandum of understanding with the Las Losas port. The concurrent Huasco Water pre-feasibility study details a staged seawater desalination network, with Stage 1 secured for Costa Fuego supply following a decade-long permitting process, and potential expansion into broader Huasco Valley industrial and agricultural markets amid regional water scarcity. Exploration activities target porphyry extensions at La Verde, where initial drilling confirmed significant copper-gold mineralization including 202m grading 0.6% copper and 0.3g/t gold from 70m depth. Founded in 2008 and headquartered at 768 Canning Highway, Applecross, Western Australia, Hot Chili operates exclusively in Chile, targeting copper-intensive segments for electrification-driven demand with low-risk, near-term assets rated among the top undeveloped copper projects globally by S&P Global Market Intelligence. In recent developments, the company completed a A$14.1 million non-renounceable rights issue in August-September 2025 to fund its ongoing asset-level strategic partnering process for Costa Fuego and Huasco Water, supported by BMO Capital Markets as financial advisor and involving assessment of multiple non-binding proposals for funding and development partnerships. Hot Chili secured a three-year option in November 2024 to acquire 100% of the historical La Verde open-pit copper mine, followed by regulatory approval in October 2025 for expanded drilling toward a maiden resource estimate, and closed a prior A$24.9 million private placement with full underwriting of a A$5 million share purchase plan. These initiatives follow the March 2025 pre-feasibility studies and aim to accelerate project delivery amid a looming global copper supply deficit.
Company News
Second Porphyry Discovery Confirmed at La Verde
Broad, Shallow Copper-Gold Intersections Continue to Grow La Verde
Hot Chili extends broad shallow copper-gold mineralisation at La Verde
Thick, High-Grade, Surface Enrichment Zone Extends at La Verde
Hot Chili Delivers More Copper-Gold at La Verde
La Verde Emerging as Hot Chili's Cornerstone Asset
Hot Chili Secures US$15 Million Via Amendment Agreement with OR Royalties Inc.
La Verde Delivers Another Strong Copper-Gold Drill Result 391 m grading 0.51% CuEq from Surface
Record Quarters, Zero Relief: Copper's Gap Keeps Growing
Latest Drilling Lifts Growth Potential of La Verde's High-Grade Copper-Gold Core
Hot Chili Confirms Major High-Grade Extension at La Verde from Standout Drill Result of 62 m @ 1.03% CuEq¹ within 725 m @ 0.42% CuEq¹ from 18 m depth
Shallow High-Grade Cu-Au Results Continue at La Verde
Rapid Growth of High Grade Core Continues at La Verde
Drilling Confirms Large, Higher-Grade Core from Near-Surface at La Verde
Results of 2025 Annual General Meeting
First Diamond Drillhole Confirms Gold-Rich Major Copper Discovery in Coastal Chile
2025 Annual General Meeting
Regulatory Green Light Paves Way for La Verde Cu-Au Discovery Expansion Drilling
Diamond Drilling Commences at La Verde Cu-Au Porphyry Discovery
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