Highlights

Potential large porphyry cluster emerging: Multiple look-alike magnetic features adjacent to Hot Chili's La Verde copper-gold (Cu-Au) porphyry discovery highlight potential for a broader district-scale porphyry systemThree priority porphyry targets identified, blind exploration opportunity: Generated by recent geochemical and geophysical work programmes, two targets are concealed under shallow gravel coverPhase-two La Verde drill program expanded: Next drilling planned to extend the La Verde Cu-Au discovery (still open laterally and at depth), in addition to first-pass drilling of these additional targets

Highlights

Potential large porphyry cluster emerging: Multiple look-alike magnetic features adjacent to Hot Chili's La Verde copper-gold (Cu-Au) porphyry discovery highlight potential for a broader district-scale porphyry systemThree priority porphyry targets identified, blind exploration opportunity: Generated by recent geochemical and geophysical work programmes, two targets are concealed under shallow gravel coverPhase-two La Verde drill program expanded: Next drilling planned to extend the La Verde Cu-Au discovery (still open laterally and at depth), in addition to first-pass drilling of these additional targets

Highlights

Rapidly Expanding Discovery, Multiple Higher-Grade Centres Confirmed

Latest assays from phase-one Reverse Circulation (RC) drilling confirm copper-gold (Cu-Au) mineralisation now extending over 1 km in length and up to 750 m in width, from near surfaceHigher-grade centres confirmed across the extent of the shallow oxide and sulfide discoveryNew significant drill results include:389 m grading 0.4% Cu and 0.1 g/t Au from 4 m depth to end-of-hole (DKP030)including 46 m at 0.6% Cu and 0.2 g/t Au from 238 mincluding 34 m at 0.6% Cu and 0.2g/t Au from 322m120 m grading 0.4% Cu and 0.1 g/t Au from 6 m depth (DKP028)including 48 m at 0.5% Cu and 0.1 g/t Au from 26 mAnd, 114m at 0.3% Cu, 0.1g/t Au from 318m depth to end-of-hole including 34m at 0.4% Cu, 0.2g/t Au from 380 m to end-of-hole114 m grading 0.4% Cu from 86 m depth (DKP024)including 52 m at 0.5% Cu and 0.1 g/t Au from 96 m286 m grading 0.3% Cu and 0.1 g/t Au from 4 m depth (DKP027)including 154 m at 0.4% Cu, 0.1g/t Au from 44 m228 m grading 0.3% Cu and 0.2 g/t Au from 42 m depth (DKP013)including 104 m at 0.4% Cu and 0.3 g/t Au from 42 m202 m grading 0.3% Cu and 0.1 g/t Au from 50 m depth (DKP017)including 14 m at 0.4% Cu and 0.1 g/t Au from 96 mincluding 16 m at 0.4% Cu and 0.1 g/t Au from 180 m138 m grading 0.3% Cu and 0.1 g/t Au from 6m depth to end-of-hole (DKP020)including 24 m at 0.4% Cu and 0.1 g/t Au from 6 mincluding 48 m at 0.4% Cu and 0.1 g/t Au from 36 mincluding 36 m at 0.4% Cu and 0.1 g/t Au from 102 m

Highlights

Rapidly Expanding Discovery, Multiple Higher-Grade Centres Confirmed

Latest assays from phase-one Reverse Circulation (RC) drilling confirm copper-gold (Cu-Au) mineralisation now extending over 1 km in length and up to 750 m in width, from near surfaceHigher-grade centres confirmed across the extent of the shallow oxide and sulfide discoveryNew significant drill results include:389 m grading 0.4% Cu and 0.1 g/t Au from 4 m depth to end-of-hole (DKP030)including 46 m at 0.6% Cu and 0.2 g/t Au from 238 mincluding 34 m at 0.6% Cu and 0.2g/t Au from 322m120 m grading 0.4% Cu and 0.1 g/t Au from 6 m depth (DKP028)including 48 m at 0.5% Cu and 0.1 g/t Au from 26 mAnd, 114m at 0.3% Cu, 0.1g/t Au from 318m depth to end-of-hole including 34m at 0.4% Cu, 0.2g/t Au from 380 m to end-of-hole114 m grading 0.4% Cu from 86 m depth (DKP024)including 52 m at 0.5% Cu and 0.1 g/t Au from 96 m286 m grading 0.3% Cu and 0.1 g/t Au from 4 m depth (DKP027)including 154 m at 0.4% Cu, 0.1g/t Au from 44 m228 m grading 0.3% Cu and 0.2 g/t Au from 42 m depth (DKP013)including 104 m at 0.4% Cu and 0.3 g/t Au from 42 m202 m grading 0.3% Cu and 0.1 g/t Au from 50 m depth (DKP017)including 14 m at 0.4% Cu and 0.1 g/t Au from 96 mincluding 16 m at 0.4% Cu and 0.1 g/t Au from 180 m138 m grading 0.3% Cu and 0.1 g/t Au from 6m depth to end-of-hole (DKP020)including 24 m at 0.4% Cu and 0.1 g/t Au from 6 mincluding 48 m at 0.4% Cu and 0.1 g/t Au from 36 mincluding 36 m at 0.4% Cu and 0.1 g/t Au from 102 m

PERTH, Australia, May 9, 2025 /CNW/ - Hot Chili Ltd. ("Hot Chili" or the "Company") (TSXV: HCH) (OTCQX: HHLKF) (ASX: HCH) is pleased to announce that it has filed on SEDAR+ an independent technical report for its Costa Fuego copper-gold project in Chile.

The report titled "Costa Fuego Copper Project NI 43–101 Technical Report Preliminary Feasibility Study" and dated 9 May 2025 with an effective date of March 27, 2025 (the "Technical Report"), was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). It is available for review on both SEDAR+ (www.sedarplus.ca) and the Company's website (www.hotchili.net.au).

PERTH, Australia, May 9, 2025 /PRNewswire/ - Hot Chili Ltd. ("Hot Chili" or the "Company") (TSXV: HCH) (OTCQX: HHLKF) (ASX: HCH) is pleased to announce that it has filed on SEDAR+ an independent technical report for its Costa Fuego copper-gold project in Chile.

The report titled "Costa Fuego Copper Project NI 43–101 Technical Report Preliminary Feasibility Study" and dated 9 May 2025 with an effective date of March 27, 2025 (the "Technical Report"), was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). It is available for review on both SEDAR+ (www.sedarplus.ca) and the Company's website (www.hotchili.net.au).

PERTH, Australia , May 7, 2025 /CNW/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce the appointment of two highly regarded and experienced mining executives to the Company's Board and executive management group.

High profile Australian mining executive and former Gold Fields executive vice president Mr Stuart Mathews has been appointed to the Board of Directors in the role of Non-executive Chair. In addition, well regarded Chilean mining executive and project director for several of Chile's largest mine developments, Mr Alberto Cerda, has been appointed to the executive role of Project Director.

PERTH, Australia , May 7, 2025 /PRNewswire/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce the appointment of two highly regarded and experienced mining executives to the Company's Board and executive management group.

High profile Australian mining executive and former Gold Fields executive vice president Mr Stuart Mathews has been appointed to the Board of Directors in the role of Non-executive Chair. In addition, well regarded Chilean mining executive and project director for several of Chile's largest mine developments, Mr Alberto Cerda, has been appointed to the executive role of Project Director.

PERTH, Australia, April 30, 2025 /CNW/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce that its Costa Fuego copper-gold project (Costa Fuego) and Huasco Water project (Huasco Water), located along the coastal range of Chile, have both been registered before the Office for Sustainable Project Management (Oficina de Gestión de Proyectos Sustentables, GPS Division) by the Chilean Ministry of Economy.

Hot Chili applied for registration in September 2024, forming the view that both projects fulfilled key requirements to be considered in the Chilean government's list of strategic investment projects for the country to expedite through streamlined administrative approval processing.

PERTH, Australia, April 30, 2025 /PRNewswire/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce that its Costa Fuego copper-gold project (Costa Fuego) and Huasco Water project (Huasco Water), located along the coastal range of Chile, have both been registered before the Office for Sustainable Project Management (Oficina de Gestión de Proyectos Sustentables, GPS Division) by the Chilean Ministry of Economy.

Hot Chili applied for registration in September 2024, forming the view that both projects fulfilled key requirements to be considered in the Chilean government's list of strategic investment projects for the country to expedite through streamlined administrative approval processing.

Period Ending 31 March 2025

PERTH, Australia, April 24, 2025 /CNW/ -

Highlights

Hot Chili Announces Preliminary Feasibility Study (PFS) & Maiden1 Ore Reserve2 for the Costa Fuego Cu-Au Project

Low-risk, Chilean coastal copper development with advanced permitting - multi-decade mine life, top quartile copper production scale3 and lowest quartile capital intensityStrong economics and leverage to rising copper price:Post-tax Net Present Value (NPV8%) of US$1.2 billion (approximately, within a range of US$786 million to US$1.62 billion) and post-tax Internal Rate of Return (IRR) of 19% (approximately, within a range of 15% to 22%)Maiden ore reserve for Costa Fuego Copper-Gold Project (Costa Fuego) lowers operational risk1,2:Probable Ore Reserves of 502 Mt at 0.37% Cu, 0.10 g/t Au, 0.49 g/t Ag and 97 ppm Mo:  Across sulphide concentrator, oxide leach and low-grade sulphide leach processing streams

Period Ending 31 March 2025

PERTH, Australia, April 24, 2025 /PRNewswire/ -

Highlights

Hot Chili Announces Preliminary Feasibility Study (PFS) & Maiden1 Ore Reserve2 for the Costa Fuego Cu-Au Project

Low-risk, Chilean coastal copper development with advanced permitting - multi-decade mine life, top quartile copper production scale3 and lowest quartile capital intensityStrong economics and leverage to rising copper price:Post-tax Net Present Value (NPV8%) of US$1.2 billion (approximately, within a range of US$786 million to US$1.62 billion) and post-tax Internal Rate of Return (IRR) of 19% (approximately, within a range of 15% to 22%)Maiden ore reserve for Costa Fuego Copper-Gold Project (Costa Fuego) lowers operational risk1,2:Probable Ore Reserves of 502 Mt at 0.37% Cu, 0.10 g/t Au, 0.49 g/t Ag and 97 ppm Mo:  Across sulphide concentrator, oxide leach and low-grade sulphide leach processing streams

PERTH, Australia, April 1, 2025 /PRNewswire/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is providing corrections to yesterday's news release announcing the Preliminary Feasibility Study ("PFS") for Huasco Water, an 80% owned entity that controls strategic water rights in the Huasco Valley of Chile. The minor corrections are with respect to certain figures that did not align with the correct version that was previously announced on the Australian Stock Exchange.

PERTH, Australia, April 1, 2025 /CNW/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is providing corrections to yesterday's news release announcing the Preliminary Feasibility Study ("PFS") for Huasco Water, an 80% owned entity that controls strategic water rights in the Huasco Valley of Chile. The minor corrections are with respect to certain figures that did not align with the correct version that was previously announced on the Australian Stock Exchange.

PERTH, Australia, March 31, 2025 /PRNewswire/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce the results of a Pre-Feasibility Study ("PFS") for the Company's subsidiary Huasco Water, an 80%-owned entity that controls strategic water assets in the Huasco Valley of Chile. 

Highlights

Strong Economics for a Large, Multi-User, Water Business

Stage 11 Water Supply PFS for 500L/s of Potential Seawater Supply: Post-tax Net Present Value (NPV8%) of US$116 million and Internal Rate of Return (IRR) of 19%.  Start-up capital cost for seawater supply estimated at US$151 million with a 4.5 year paybackStage 2 Water Supply PFS for 1,300 L/s of Potential Desalinated Water Supply: Post-tax NPV8% of US$958 million and IRR of 19%.  Start-up capital cost for desalinated water supply estimated at US$1.4 billion with a 4 year paybackStage 3 Conceptual Study for 2,300 L/s of Potential Desalinated Water Supply: Post-tax NPV8% of approximately US$1.3 billion and IRR of around 19%.  Expansion capital cost for desalinated water supply estimated at US$1.9 billion with a 3.5 year payback

PERTH, Australia, March 31, 2025 /CNW/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce the results of a Pre-Feasibility Study ("PFS") for the Company's subsidiary Huasco Water, an 80%-owned entity that controls strategic water assets in the Huasco Valley of Chile. 

Highlights

Strong Economics for a Large, Multi-User, Water Business

Stage 11 Water Supply PFS for 500L/s of Potential Seawater Supply: Post-tax Net Present Value (NPV8%) of US$116 million and Internal Rate of Return (IRR) of 19%.  Start-up capital cost for seawater supply estimated at US$151 million with a 4.5 year paybackStage 2 Water Supply PFS for 1,300 L/s of Potential Desalinated Water Supply: Post-tax NPV8% of US$958 million and IRR of 19%.  Start-up capital cost for desalinated water supply estimated at US$1.4 billion with a 4 year paybackStage 3 Conceptual Study for 2,300 L/s of Potential Desalinated Water Supply: Post-tax NPV8% of approximately US$1.3 billion and IRR of around 19%.  Expansion capital cost for desalinated water supply estimated at US$1.9 billion with a 3.5 year payback

Top Quartile Copper Production Scale3, Lowest Quartile Capital Intensity Located on the Coastal Range in Chile

PERTH, Australia, March 27, 2025 /CNW/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce the results of a Pre-Feasibility Study ("PFS"), prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") of the Canadian Securities Administrators, for its Costa Fuego copper-gold project (the "Costa Fuego Project" or "Costa Fuego"). All monetary amounts are expressed in United States dollars unless otherwise indicated.

Top Quartile Copper Production Scale3, Lowest Quartile Capital Intensity Located on the Coastal Range in Chile

PERTH, Australia, March 27, 2025 /PRNewswire/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce the results of a Pre-Feasibility Study ("PFS"), prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") of the Canadian Securities Administrators, for its Costa Fuego copper-gold project (the "Costa Fuego Project" or "Costa Fuego"). All monetary amounts are expressed in United States dollars unless otherwise indicated.

Highlights

Drilling Coverage at La Verde Doubled and Continuing to Expand

First-pass drill coverage now extends across an area measuring 1,000 m by 550 m: 27 reverse circulation ("RC") holes for 8,162 m drilled to dateAssay results pending for fifteen drill holes: Assay turnaround time from laboratories slower than usual due to peak summer drilling season in the high AndesShallow porphyry mineralisation remains open in all directions: Drilling planned to continueDeeper diamond drill testing being planned: 8 of 12 drill RC holes reported to date recorded significant mineralisation to end-of-hole

Highlights

Drilling Coverage at La Verde Doubled and Continuing to Expand

First-pass drill coverage now extends across an area measuring 1,000 m by 550 m: 27 reverse circulation ("RC") holes for 8,162 m drilled to dateAssay results pending for fifteen drill holes: Assay turnaround time from laboratories slower than usual due to peak summer drilling season in the high AndesShallow porphyry mineralisation remains open in all directions: Drilling planned to continueDeeper diamond drill testing being planned: 8 of 12 drill RC holes reported to date recorded significant mineralisation to end-of-hole