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Hot Chili Limited ( (AU:HCH) ) has provided an update.
Hot Chili Limited has responded to an ASX price query by confirming that recent trading in its securities may be linked to incomplete assay information from drillhole DKD040 at its La Verde Project in Chile. The company stated that preliminary results received in late April were being compiled for release and that these assays, dispatched in February, align with internal expectations and standard exploration workflows.
The company emphasised that it adheres to strict confidentiality and chain-of-custody procedures for exploration results, with access limited to executive management and senior geology personnel and all staff bound by its securities trading policy. Hot Chili also confirmed it is in full compliance with ASX Listing Rule 3.1, is unaware of any other reason for the recent price movement, and will continue to update the market as pending assays, including 14 La Verde drill holes, are received amid extended turnaround times in Chile.
More about Hot Chili Limited
Hot Chili Limited is an exploration and development company focused on copper projects in Chile. The company advances drilling programs such as the La Verde Project, routinely dispatching samples to independent laboratories and updating the market as assay results are received, under strict internal confidentiality and securities trading policies.
Hot Chili operates within the framework of the ASX Listing Rules and maintains a continuous disclosure policy overseen by its board and executive management, with only senior geology and executive staff granted access to sensitive exploration data.
Average Trading Volume: 625,391
Technical Sentiment Signal: Buy
Current Market Cap: A$381.1M
See more insights into HCH stock on TipRanks’ Stock Analysis page.