Hot Chili Ltd. advises that it has issued an aggregate of 6,588,126 ordinary shares of the Company in satisfaction of A$6,081,458.72 payable for the remaining principal amount plus accrued interest on the convertible notes of the Company that matured on June 22, 2022 . The issue price per Ordinary Share of A$0.92309 was determined in accordance with the terms set out in the convertible note trust deed dated May 25, 2017 [...]
Highlights • Drilling has discovered a significant extension to the high grade Valentina copper deposit, part of the Company's low-altitude, Costa Fuego senior copper development in Chile • Diamond drill hole VALMET002 has intersected a shallow zone of copper sulphide and oxide mineralisation approximately 120m south of the Valentina underground mine workings • VALMET002 recorded a strong visual drilling [...]
Hot Chili Ltd. advises that it has issued an aggregate of 33,704 ordinary shares of the Company at a deemed value of A$1.6665 per Ordinary Share to a holder of convertible notes of the Company that elected to convert its Convertible Notes in accordance with the terms thereof. The Convertible Notes were issued by the Company on the terms set out in a trust deed dated May 25, 2017 and varied June 19, 2017. The Ordinary [...]
Highlights · More significant results from development study drilling at the Cortadera porphyry discovery, part of the Company's low-altitude, Costa Fuego senior copper development in Chile · CORMET005 returned 658m grading 0.6% CuEq , 0.2g/t gold , 122ppm molybdenum ) from 232m depth down-hole, including 134m grading 0.8% CuEq from 470m depth, and including 130m grading 0.9% CuEq from 662m depth at the main porphyry [...]
Hot Chili Ltd. is pleased to announce that it has filed a National Instrument 43-101 Technical Report for its Costa Fuego copper-gold project in Chile. The Report titled "Resource Report For the Costa Fuego Copper Project Located in Atacama, Chile Technical Report NI43-101" and dated May 13, 2022, with an effective date of March 31 2022, was prepared pursuant to National Instrument 43-101 . It is available for review on [...]
Highlights · Additional significant intersections returned from development study drilling at the Cortadera porphyry discovery, part of the Company's Costa Fuego senior copper development in Chile · CORMET003 delivered 552m grading 0.6% CuEq , 0.2g/t gold , 89ppm molybdenum ) from 276m depth down-hole, including 248m grading 0.8% CuEq from 574m depth - confirming further high grade growth potential at Cuerpo 3 · High [...]
Hot Chili Ltd. advises that with respect to the quarter ended 31 March 2022, the Company has paid to the holders of convertible notes issued on 22 June 2017 and 8 September 2017, interest in the amount of A$121,960.72 by the issue of 87,904 ordinary shares of the Company at a deemed issue price of A$1.38695 per Ordinary Share. In addition Hot Chili advises that it has issued 66,606 Ordinary Shares at a deemed value of [...]
Highlights · Hot Chili has recorded another exceptional result at the Cortadera copper-gold porphyry discovery off the back of a major resource upgrade to its Costa Fuego copper hub in Chile · An outstanding intersection of 876m1 grading 0.5% CuEq , 0.1g/t gold ) from 246m depth down-hole,including 206m2 grading 0.9% CuEq from 414m depth was returned from drillhole CORMET006 · New drill result demonstrates strong [...]
Hot Chili Ltd. is pleased to announce that its application to join the US-based OTCQX market has been accepted and the Company's shares will commence trading in the US on the OTCQX® Best Market under the ticker OTCQX: HHLKF on 7 April 2022. The OTCQX Best Market is the highest tier of OTC Markets Group's market platforms, on which 12,000 US and international securities trade. The OTCQX Market is designed for established [...]
Highlights · Mineral resources at Hot Chili's Costa Fuego copper-gold hub in Chile have been materially upgraded with a 67% increase in the total Indicated Resource and a 53% increase in the high grade Indicated Resource: Total Resource1,2 · Indicated - 725Mt grading 0.47% CuEq for 2.8Mt Cu, 2.6Moz Au, 10.5Moz Ag & 67kt Mo · Inferred - 202Mt grading 0.36% CuEq for 0.6Mt Cu, 0.4Moz Au, 2.0Moz Ag & 13kt Mo High Grade [...]
Hot Chili Ltd. advises that it has issued an aggregate of 408,917 ordinary shares of the Company at a deemed value of A$1.6665 per Ordinary Share to certain holders of convertible notes of the Company, who elected to convert their Convertible Notes in accordance with the terms thereof. The Convertible Notes were issued by the Company on the terms set out in a trust deed dated May 25, 2017 and varied June 19, 2017. The [...]
Hot Chili Ltd. is pleased to announce the execution of an Offtake Agreement with Glencore for future copper concentrate production from the Company's Costa Fuego copper-gold project in Chile. The Glencore offtake agreement covers 60% of copper concentrate from Costa Fuego for 8 years from start of commercial production and is on arms-length commercially competitive benchmark terms. Glencore is Hot Chili's largest [...]
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