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The latest announcement is out from Hot Chili Limited ( (AU:HCH) ).
Hot Chili Limited has announced the successful completion of its phase-one drilling program at the La Verde site, revealing a significant copper-gold discovery with mineralization extending over a kilometer in length. The discovery remains open for further exploration, indicating potential for expansion. The company is also advancing its strategic partnering process to secure funding for its key projects, with BMO Capital Markets as its financial advisor. Additionally, Hot Chili has strengthened its leadership team with key appointments, enhancing its mine-building credentials. The Costa Fuego and Huasco Water projects have been registered for priority status by the Chilean Ministry of Economy, which could expedite their development.
More about Hot Chili Limited
Hot Chili Limited is an Australian company operating in the mining industry, primarily focusing on copper and gold exploration and development. The company is engaged in projects located in Chile, with a strategic emphasis on the Costa Fuego Copper-Gold Project and the Huasco Water Project.
Average Trading Volume: 273,338
Technical Sentiment Signal: Sell
Current Market Cap: A$96.63M
Learn more about HCH stock on TipRanks’ Stock Analysis page.