Hot Chili Extends High-Grade Core at La Verde as Drilling Results Boost Costa Fuego Upside

The latest announcement is out from Hot Chili Limited ( (AU:HCH) ).

Hot Chili Limited reported strong new drilling results from its La Verde copper–gold discovery in Chile, with Phase two diamond drilling significantly expanding the project’s emerging high-grade, bulk-tonnage core. Key intercepts include 495 metres grading 0.38% copper and 0.10 g/t gold from near surface in hole DKD033 and 426 metres grading 0.37% copper and 0.08 g/t gold from DKD034, both ending in mineralisation and suggesting further potential at depth. The company has six diamond holes still awaiting assays, has restarted drilling after a short pause, and is using advanced geological modelling and targeting strategies refined at its nearby Cortadera resource to grow La Verde. Management highlighted that, against record copper and gold prices, the strengthening discovery at La Verde enhances the strategic value of Costa Fuego and further increases the company’s exposure to rising copper prices, which materially impact project economics.

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 Australia-based copper–gold exploration and development company focused on large-scale porphyry deposits in Chile’s coastal Atacama region. Its flagship Costa Fuego project is positioned as a near-term, large, independent copper operation with a central processing hub, giving the company significant leverage to global copper prices amid strong market conditions for both copper and gold.

YTD Price Performance: 21.58%

Average Trading Volume: 475,710

Technical Sentiment Signal: Buy

Current Market Cap: A$300.1M

For detailed information about HCH stock, go to TipRanks’ Stock Analysis page.