Hot Chili Expands High-Grade La Verde Discovery and Advances Partnering for Costa Fuego

Hot Chili Limited ( (AU:HCH) ) has provided an update.

Hot Chili reported strong quarterly drilling results from its La Verde discovery in Chile, with multiple long copper-gold intercepts confirming and extending a high‑grade, bulk‑tonnage core and suggesting convergence of higher-grade mineralisation at depth. The company said these near-surface, wide copper-gold intersections support the potential development of a high-grade starter pit for the broader Costa Fuego project, which could bring additional open-pit material into the front end of its 20‑year mine plan and materially improve projected financial metrics. Regulatory approvals are in place to expand drilling across La Verde and test nearby targets with district-scale porphyry potential, while additional strategic partners have entered due diligence on the Costa Fuego and Huasco Water projects, underscoring growing transactional interest. Hot Chili also noted ongoing environmental and development studies and an expected cash position supported by VAT and joint venture recoveries, providing further funding flexibility as it advances project de-risking.

The most recent analyst rating on (AU:HCH) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Hot Chili Limited stock, see the AU:HCH Stock Forecast page.

More about Hot Chili Limited

Hot Chili Limited is an Australian copper-gold exploration and development company focused on large-scale porphyry systems in coastal Chile. Its flagship Costa Fuego project, incorporating deposits such as La Verde and Productora, is being advanced through pre-feasibility and strategic partnering to supply long-life, bulk-tonnage copper-gold production to global markets.

Average Trading Volume: 516,824

Technical Sentiment Signal: Buy

Current Market Cap: A$348M

For a thorough assessment of HCH stock, go to TipRanks’ Stock Analysis page.