Hot Chili

Hot Chili Commences Next Phase of Resource Expansion Drilling Programme at Costa Fuego

Retrieved on: 
Tuesday, January 23, 2024

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.

Key Points: 
  • 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.
  • A total of 47 Reverse Circulation (RC) drill holes for 11,500m have been completed since the Company's resource growth focused drill programme commenced in late July 2023.
  • Drilling aims to test multiple resource growth opportunities, which may allow Hot Chili to consider an up-lift in the Pre-feasibility study scale for Costa Fuego.
  • The Company is in the final stages of completing an upgrade to its mineral resource for Costa Fuego based on all drilling completed since February 2022.

Hot Chili Materially Improves Option Terms for Costa Fuego Coastal Copper Hub in Chile

Retrieved on: 
Thursday, December 7, 2023

Disclosure regarding mine planning and infrastructure has been reviewed and approved by Mr Grant King, FAUSIMM, Hot Chili's Chief Operations Officer, and a qualified person within the meaning of NI 43-101.

Key Points: 
  • Disclosure regarding mine planning and infrastructure has been reviewed and approved by Mr Grant King, FAUSIMM, Hot Chili's Chief Operations Officer, and a qualified person within the meaning of NI 43-101.
  • Refer to ASX Announcement "Hot Chili Delivers Next Level of Growth" ("Resource Announcement") for JORC Code Table 1 information related to the Costa Fuego Resource Estimate (MRE) by Competent Person Elizabeth Haren, constituting the MREs of Cortadera, Productora and San Antonio (which combine to form Costa Fuego).
  • Hot Chili confirms it is not aware of any new information or data that materially affects the information included in the Resource Announcement and all material assumptions and technical parameters stated for the Mineral Resource Estimates in the Resource Announcement continue to apply and have not materially changed.
  • 10 Hot Chili Limited is not aware of political, environmental or other risks that could materially affect the potential development of the Mineral Resources.

Hot Chili Continues to Expand its Costa Fuego Coastal Copper Hub in Chile

Retrieved on: 
Wednesday, November 15, 2023

The PEA is intended to be read as a whole, and sections should not be read or relied upon out of context.

Key Points: 
  • The PEA is intended to be read as a whole, and sections should not be read or relied upon out of context.
  • The technical information in this news release is subject to the assumptions and qualifications contained in the PEA.
  • The PEA was compiled by Wood Australia Pty Ltd with contributions from a team of independent qualified persons (within the meaning of NI 43-101).
  • Mr Wendlandt is a full-time employee of Wood Pty Ltd and a Registered Professional Engineer in the State of Colorado.

Hot Chili Files NI 43-101 Technical Report for the Costa Fuego Copper-Gold Project in Chile

Retrieved on: 
Friday, August 11, 2023

PERTH, Australia, Aug. 11, 2023 /PRNewswire/ - Hot Chili Ltd. ("Hot Chili" or the "Company") (TSXV: HCH) (OTCQX: HHLKF) (ASX: HCH) is pleased to announce that it has filed a National Instrument 43-101 Technical Report ("The Report") for its Costa Fuego copper-gold project in Chile.

Key Points: 
  • PERTH, Australia, Aug. 11, 2023 /PRNewswire/ - Hot Chili Ltd. ("Hot Chili" or the "Company") (TSXV: HCH) (OTCQX: HHLKF) (ASX: HCH) is pleased to announce that it has filed a National Instrument 43-101 Technical Report ("The 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 (the "Technical Report"), was prepared pursuant to National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").
  • The Technical Report supports the news release dated 28 June 2023 announcing the Costa Fuego Copper-Gold Project Preliminary Economic Assessment.
  • For further information on Costa Fuego please see the Technical Report.

Hot Chili Closes US$15 Million Investment by Osisko Gold Royalties

Retrieved on: 
Wednesday, July 26, 2023

This document contains certain "forward-looking statements" and "forward-looking information" concerning the business, operations and financial performance and condition of Company.

Key Points: 
  • This document contains certain "forward-looking statements" and "forward-looking information" concerning the business, operations and financial performance and condition of Company.
  • Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements.
  • Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct.
  • Each recipient should perform its own independent investigation and analysis of Hot Chili, and the information contained in this Document is not a substitute therefore.

Osisko Announces Royalty Transaction With Hot Chili on the Costa Fuego Copper-Gold Project in Chile

Retrieved on: 
Wednesday, June 28, 2023

MONTREAL, June 28, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (“Osisko”) (OR: TSX & NYSE) is pleased to announce that it has entered into a binding agreement to acquire a 1.0% copper net smelter return (“NSR”) royalty and a 3.0% gold NSR royalty (the “Royalties”) from Hot Chili Limited (“Hot Chili”) covering Hot Chili’s Costa Fuego Copper-Gold Project (“Costa Fuego” or the “Project”) in Chile, for total cash consideration of US$15.0 million.

Key Points: 
  • MONTREAL, June 28, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (“Osisko”) (OR: TSX & NYSE) is pleased to announce that it has entered into a binding agreement to acquire a 1.0% copper net smelter return (“NSR”) royalty and a 3.0% gold NSR royalty (the “Royalties”) from Hot Chili Limited (“Hot Chili”) covering Hot Chili’s Costa Fuego Copper-Gold Project (“Costa Fuego” or the “Project”) in Chile, for total cash consideration of US$15.0 million.
  • Osisko has granted Hot Chili an option to buy down a portion of the royalty, which can only occur upon change of control and exercisable until the fourth anniversary of the transaction close.
  • Should Hot Chili’s ownership of these properties increase, the royalty will thereafter apply to the increased ownership level.
  • Productora is held in a joint venture, presently 80% owned by Hot Chili and Cortadera is 100% owned by Hot Chili.

Hot Chili Limited Releases Corporate Presentation Outlining the Results of the Preliminary Economic Assessment for Its Costa Fuego Copper-gold Project

Retrieved on: 
Wednesday, June 28, 2023

PERTH, Australia, June 28, 2023 /PRNewswire/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to release a corporate presentation outlining the results of the Preliminary Economic Assessment (the "PEA") for its Costa Fuego Copper-Gold Project (Costa Fuego or "the Project"), located 600 km north of Santiago, at low elevation (

Key Points: 
  • PERTH, Australia, June 28, 2023 /PRNewswire/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to release a corporate presentation outlining the results of the Preliminary Economic Assessment (the "PEA") for its Costa Fuego Copper-Gold Project (Costa Fuego or "the Project"), located 600 km north of Santiago, at low elevation (
  • The PEA was prepared in accordance with Canada's Standards of Disclosure for Mineral Projects ("NI 43-101") and has outlined one of the world's lowest capital intensity, major copper developments.
  • To access the presentation please click on the link below.
  • This announcement is authorised by the Board of Directors for release to ASX and TSXV.

Hot Chili Announces PEA for Costa Fuego

Retrieved on: 
Wednesday, June 28, 2023

It has been undertaken for the purpose of initial evaluation of a potential development of the Costa Fuego Copper Project in Chile.

Key Points: 
  • It has been undertaken for the purpose of initial evaluation of a potential development of the Costa Fuego Copper Project in Chile.
  • It is a preliminary technical and economic study of the potential viability of the Costa Fuego Copper Project.
  • Hot Chili's Managing Director Mr Christian Easterday commented, "The Costa Fuego PEA cements Hot Chili's position as the largest copper developer listed on the ASX by both resource size and potential scale of copper production.
  • Projects controlled by mid-tier mining companies near Costa Fuego were also included (Josemaría, Santa Domingo, Mantos Blanco and Mantoverde).

Hot Chili Limited Request for Trading Halt

Retrieved on: 
Tuesday, June 27, 2023

PERTH, Australia , June 27, 2023 /PRNewswire/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") advises that, at the request of the company, its ordinary shares on the Australian Securities Exchange ("ASX") have been placed In a trading halt effective 27 June 2023.

Key Points: 
  • PERTH, Australia , June 27, 2023 /PRNewswire/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") advises that, at the request of the company, its ordinary shares on the Australian Securities Exchange ("ASX") have been placed In a trading halt effective 27 June 2023.
  • In its letter to the ASX, the Company noted that the request for the trading halt was made pending the release of an announcement by the company concerning a form of Investment Agreement and the results of a Preliminary Economic Assessment (Scoping Study) in relation to Its Coast Fuego copper-gold project in the coastal range of the Atacama Region, Chile.
  • The Company will remain in a temporary trading halt on the ASX until the earlier of the commencement of normal trading on 29 June 2023 or when the announcement Is released to the market.
  • This announcement is authorised by the Board of Directors for release to ASX and TSXV.

EQS-News: Hot Chili Granted Access to Maritime Concession Land for Costa Fuego

Retrieved on: 
Sunday, December 18, 2022

Hot Chili Limited (ASX: HCH) (TSXV:HCH) (OTCQX: HHLKF) (“Hot Chili” or “Company”) is pleased to announce another important step toward infrastructure consolidation for the Company’s low-altitude, Costa Fuego senior copper development in Chile.

Key Points: 
  • Hot Chili Limited (ASX: HCH) (TSXV:HCH) (OTCQX: HHLKF) (“Hot Chili” or “Company”) is pleased to announce another important step toward infrastructure consolidation for the Company’s low-altitude, Costa Fuego senior copper development in Chile.
  • The Chilean Naval Authority have granted Hot Chili access to the physical land of its Maritime Concession for extraction of sea water just 60 kilometres from the proposed location of Costa Fuego’s central processing facilities.
  • Access to the coastal land surrounding the Maritime Concession provides yet another government approval in the Company’s regulatory process to develop Costa Fuego.
  • Hot Chili was awarded its Maritime Concession in late 2020 (as announced to ASX on 7th December 2020), which provided critical water extraction rights for Costa Fuego, securing sufficient water supply for a new large-scale conventional copper-gold operation.