Hot Chili Ltd. is pleased to announce that the Company proposes to appoint experienced mining executive, Mr Stephen Quin, to the Board of Hot Chili as an independent Non-Executive Director. Mr Quin's appointment will be effective once he has obtained an Australian Director Identification Number as required by Australian law and expected to occur by the end of February 2023. Further, due to the Company's listing on the [...]
Hot Chili Ltd. 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 [...]
Hot Chili Ltd. is pleased to advise the results of its 2022 Annual General Meeting held in Perth, Australia on 30 November 2022 AWST. A total of 31,821,621 ordinary shares, or 26% of Hot Chili's issued shares, were represented in person or by proxy at the AGM. Resolution 4 was withdrawn from the Notice of Meeting as further described in the ASX announcement dated 29 November 2022 announcing the retirement of Mr George [...]
Cortadera Porphyry Footprint Continues to Expand · Hot Chili has succeeded in securing several new prospective mining rights, adjacent to mining rights in the recently announced transaction with Antofagasta Minerals S.A. · The new mining rights cover the western extension of Hot Chili's Cortadera copper-gold discovery, the centrepiece of the Company's low-altitude, Costa Fuego senior copper development in Chile · The new [...]
Fourth Porphyry Added to Cortadera · Hot Chili has executed an Option Agreement with Antofagasta Minerals S.A. to acquire a 100% interest in five highly prospective mining rights, containing the potential western extension of Hot Chili's Cortadera copper-gold discovery, the centrepiece of the Company's low-altitude, Costa Fuego senior copper development in Chile · AMSA's mining rights contain a large outcropping [...]
• New drill results deliver higher than expected copper grades from previously unsampled intervals of diamond core at Productora and Alice, part of the Cost Fuego senior copper development in Chile: o 244m grading 0.8% CuEq & 0.2g/t gold ) from 23m depth including 71m grading 1.0% CuEq* at Productora o 152m grading 0.6% CuEq from 42m depth including 39m grading 1.1% CuEq* and 23m grading 0.9%CuEq from 226m to end of [...]
Shallow, High Grade, Copper-Silver at Valentina Exceptional grades at shallow depth from the Valentina copper-silver deposit, part the Company's low-altitude, Costa Fuego senior copper development in Chile Drill hole VALMET0002 returned 3m @ 12.1% CuEq from 29m depth down-hole & 52.6g/t silver ) The new diamond drill result lies within a broader 12m intersection grading 4.6% CuEq from 25m depth down-hole Mineralisation in [...]
Hot Chili Ltd. is pleased to announce that Chile´s Central Authority Electrical Regulator has approved the Company's application for connection to the Maitencillo sub-electrical power station, located 17 km from the centre of its Costa Fuego senior copper development in Chile. Connection to Maitencillo is a key step forward for the development of Costa Fuego, providing access to Chile's national energy grid and its [...]
Valentina Delivers Hot Chili's Highest-Grade Result 8m grading 5.7% Copper & 24g/t Silver Highlights · New assay results from the Valentina copper deposit confirm a potential second high grade satellite addition for the Company's low-altitude, Costa Fuego senior copper development in Chile · Drill hole VAP0009 returned 8m grading 5.9% CuEq from 27m depth down-hole · VAP0009 extends high grade mineralisation by 120m to [...]
Costa Fuego Delivers Outstanding Copper-Gold Drill Results o 552m grading 0.6% CuEq including 248m grading 0.8% CuEq from 232m depth down-hole including 134m grading 0.8% CuEq from 470m depth down-hole including 130m grading 0.9% CuEq from 662m depth o 484m grading 0.5% CuEq from 548m depth down-hole including 56m grading 1.0% CuEq from 644m depth, o 45m grading 1.2% CuEq from 280m depth downhole including 8m grading [...]
Highlights • Assay results returned from Development Study drillholes for the Costa Fuego senior copper development in Chile confirm further high-grade growth ahead of next resource upgrade • Standout copper and gold drill results include: o 484m grading 0.5% CuEq* including 56m grading 1.0% CuEq from 644m depth, and including 206m grading 0.7% CuEq from 800m depth o 45m grading 1.2% CuEq from 280m downhole [...]
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