News Articles for Hot Chili

Applecross-based Hot Chili has announced multiple changes to its board, including the departure of non-executive chair Dr Nicole Adshead-Bell, effective immediately.

Applecross-based Hot Chili will raise up to $29.9 million courtesy of a private placement, in a bid to further progression at its Costa Fuego copper-gold development in Chile, located 600km from Santiago.

Our board moves wrap includes Linton Putland, Michael Kitney, Mark Edwards, Eric Vincent, Mark Zeptner, Tim Manners, Alan Thom, Richard Jones, Brett Hackett, Scott Funston, and Stephen Quin.

A geologist with more than 20-years' experience in the mineral exploration industry, Melanie Leighton has been appointed the new chief executive of Perth-based Titan Minerals.

Our board moves wrap includes Lewis Lowe, Matthew Foy, Catherine Huynh, Peter Hatfull, James Ellingford, Allan Trench, Jason Elks, Paul Brown, Lindsay Dudfield, Jessamyn Lyons, Carly Terzanidis, Patricia Farr, Ron Chamberlain, Joseph Belladonna, Henry Kennedy, Ernest Myers, and Jacopo Merli.

Our board moves wrap includes Paul Gillespie, Gregory Stevens, Fiona Hick, Randall Nickson, Yan Zhao, and Dachun Zhang.

Shares in the Chile-focused copper play closed 16 per cent higher after confirming its biggest shareholder had reserved more than half of copper output from its Costa Fuego project.

Our board moves wrap includes Nicole Adshead-Bell, Murray Black, and Leighton Richards.

ASX-listed copper explorer Hot Chili has wrapped up drilling at its Cortadera copper-gold porphyry discovery ahead of an imminent resource upgrade for its fast-tracked Chilean project. The company is confident all three of the Cuerpos orebodies are linked to the same footprint. It says the significant extent of the porphyry mineralisation gives it versatile low grade, low-strip ratio sulphide mining options.

Our board moves wrap includes YuSheng Cai, Fei He, Sean Gregory, Penelope Beattie, Lloyd Flint, Lee Tamplin, Michael Austin, and Steven Michael.

ASX-listed copper developer Hot Chili has entered into negotiations for a port access and services deal at the Chilean port of Huasco. The company said it has begun the process of securing the final critical item of infrastructure for the development of its massive Costa Fuego copper project, one of the world's largest copper discoveries.

Copper developer Hot Chili continues to pump out some stellar drill results from its Cortadera copper-gold porphyry deposit in Chile as the company expands the shallow resources at its Cuerpo 1 and Cuerpo 2 deposits. Recent assay results include a massive 156 metre hit grading 0.4 per cent copper equivalent from surface that corresponds to 0.4 per cent copper and 0.1 grams per tonne gold.

Our board moves wrap includes Nicole Adshead-Bell, David Baker, Russell Tipper, and Jacob Deysel.

Hot Chili, which took 100 per cent ownership of Cortadera last year - one of the two largest global copper discoveries since 2016 - has completed its journey to becoming a dual-listed company after its shares commenced trading on the Canadian TSXV this week. The C$30 million raised will underwrite 18-months of drilling and development works at its multi-deposit Costa Fuego copper-gold porphyry project in Chile.

ASX-listed copper developer, Hot Chili has secured funding to the tune of C$30 million from major institutional investors and existing shareholders. The funds will underwrite 18-months of drilling and development works at its multi-deposit Costa Fuego copper-gold porphyry project in Chile. The company is also preparing to list on the Toronto Stock Exchange, which will then see its shares traded in both Australia and Canada.

Hot Chili continues to unravel the geological secrets at its 100 per cent owned Cortadera copper-gold deposit in Chile after it tabled a bumper 610m intercept at 0.5 per cent copper-equivalent which includes a high-grade 138m core going 0.8 per cent copper-equivalent. The latest results extend the northern flank of the Cortadera mineralised system by a massive 170m.

ASX-listed Hot Chili's pre-feasibility study into its 100 per cent owned Costa Fuego copper-gold development in Chile is gaining momentum. A materials-handling scoping study has revealed significant time and cost savings when implementing a “rope conveyor” to transport ore downhill from Cortadera to Productora. A similar haulage system has been successfully employed at Teck and Newmont Goldcorp's NuevaUnión project, 100km east-northeast of Costa Fuego.

Hot Chili has wrapped up a deal to acquire 100 per cent interest in the company's world-class Cortadera copper-gold discovery in Chile. Hot Chili and the original project owner, SCM Carola, have now consummated to transfer 100 per cent ownership in the project to Hot Chili after the final instalment of US$15 million was paid by Hot Chili to SCM.

ASX-listed Hot Chilli has unearthed two large geochemical targets, Productora Central and Santiago, considered to be potential “game changers” at its Costa Fuego copper-gold development hub in Chile. Employing the latest advanced 3D geochemistry technology, Hot Chili says both targets come in at over 1km in diameter and look to be larger than the main Cuerpo 3 porphyry at the company's massive Cortadera copper-gold discovery.

Hot Chili's exploration success continues with more high-grade copper-gold intercepts across the northern flank of its Cortadera deposit in Chile. The new intercepts have effectively increased the width of the main porphyry, Cuerpo 3, by approximately 100m, demonstrating a strong continuity of high-grade mineralisation.

Our board moves wrap includes Ranko Matic, Will Moncrieff, Matthew Watson, Owen Venter, David Flanagan, Anna Neuling, Simon Jackson, Robert Ramsay, Mark Jamieson, Ignacio Caceres, and Trinidad Perez.

Hot on the heels of this week's earlier announcement that Glencore has agreed to pump A$14.4m into Hot Chili in return for a 9.99 per cent equity stake, Hot Chili has surprised the market with further news that it plans to raise $40 million to move to full ownership of its massive Cortadera copper-gold deposit. Hot Chili stock soared immediately by almost 20 per cent on the news.

Shares in Perth-based Hot Chili have risen by more than 20 per cent after the copper explorer said it had secured funds to complete its purchase of an overseas project.

Nine years ago, Hot Chili won the prestigious Emerging Company Award at Diggers & Dealers in Kalgoorlie and this week the company is presenting there again as one of only two companies worldwide to make a major copper discovery since 2016 which has now attracted the interest of mega resource house Glencore. Hot Chili's rival in the major copper discovery space is Rio Tinto's Winu discovery in WA.

ASX-listed Hot Chili has applied to dual list on the Toronto Stock Exchange as it steps up its funding and development plans for the proposed large-scale Costa Fuego copper-gold project in Chile. The Canadian share market has a proven track record of supporting world-class exploration and development companies in the copper space with a number of recent transformative dual listings.

Hot Chili has launched feasibility over the company's immense Costa Fuego copper-gold project in northern Chile, appointing expert engineers Wood to oversee a PFS over the greater Costa Fuego project area. The study will use the 2016 Productora pre-feasibility study to expedite a larger PFS over the project, which hosts more than 724 million tonnes in copper and gold resources.

Hot Chili has dished up a bumper-grade 144m intercept at 1 per cent copper-equivalent as it looks to grow the resource at the Cortadera deposit within its broader Costa Fuego copper hub in northern Chile. The company is eyeing a pre-feasibility study to fast-track Costa Fuego to production with the high-grade core at Cortadera to play a key part.

Hot Chili is looking to ramp up copper production from its emerging Costa Fuego hub in northern Chile as the red metal trades at close to US$10,000 per tonne. The company is already pushing out copper from high-grade lodes at its Productora mine and is now casting an eye over the Cortadera porphyries as it contemplates a larger-scale operation.

Six years ago Hot Chili won the prestigious Emerging Company Award at Diggers & Dealers in Kalgoorlie and it has since shown its grit by accumulating a huge copper-gold-silver-molybdenum inventory at its Cortadera project in Chile, where a massive new deep target has now been outlined.

Hot Chili is on a roll now at its colossal Cortadera copper-gold discovery in Chile where the company says a resource upgrade is looming after it hit a 185m intersection going 0.5 per cent copper and 0.2 grams per tonne gold from 568m down-hole at the project. Another 550m long intersection that Hot Chili says is shows copper-gold mineralisation but has yet to be assayed.

Things are starting to get spicy for Hot Chili in its copper hunt in South America. Already boasting a 724 million tonne resource grading 0.48 per cent copper equivalent across its Costa Fuego suite of tenements in Chile, the company has defined what appears to be a second large porphyry copper system at the newly acquired Santiago Z tenure.

High-quality copper prospects are becoming harder to find, but juniors are poised for the challenge.

ASX-listed Chilean focused copper hopeful, Hot Chili has unearthed yet another spectacularly long copper mineralised drill hit at its giant Cortadera copper-gold porphyry discovery in Chile. Latest results from the company's 40,000m follow-up drilling campaign at Cortadera were headlined by an eye-catching 813m intercept grading an average 0.4 per cent copper and 0.1 g/t gold from just 54m depth.

With the rods still turning at the company's giant Cortadera copper-gold discovery in Chile, Hot Chili Limited has added further potential to its suite of projects by securing an additional 5,468-hectare land package known as “Santiago Z”. The additional land represents a twenty percent up-tick in the company's landholdings at its Costa Fuego suite of tenements in Chile.

ASX-listed Chilean copper player, Hot Chili has fired up a third drill rig to accelerate its recently commenced 40,000-metre follow-up diamond and RC drilling program at its massive Cortadera copper-gold discovery. Cortadera forms part of the Perth-based company's proposed Costa Fuego porphyry copper-gold super hub project development in Chile about 600 kilometres north of the country's capital, Santiago.

Hot Chili expects a VAT tax refund payment of up to $4 million this year against all expenditure associated with its Cortadera copper-gold discovery, the centrepiece of its overarching Costa Fuego porphyry copper-gold project in Chile. Hot Chili says the VAT refund was given the nod by the Chilean Government and the tax refunds will shore up the company's cash position as it gradually moves to full ownership of Cortadera.

Hot Chili is poised to take full ownership of the immense Costa Fuego project in northern Chile, following the early payment of an additional US$10 million to the vendors of the Cortadera discovery, SCM Carola. The company has delivered a total of US$17 million to the private Chilean group, with a final payment of US$15 million now due on or before the middle of July 2022.

Hot Chili's recently commenced 40,000-metre drilling campaign across its Costa Fuego project in northern Chile has posted an uber-impressive 382 metre copper intercept at its Cortadera porphyry deposit, which includes 80m at 0.6 per cent copper and 0.2 grams per tonne gold from 524m down-hole. The company already has two rigs running 24-7 and is set to add a third in the coming weeks.

Hot Chili's ongoing drilling program has identified a second high-grade copper-gold core to its Cortadera porphyry in southern Chile. The latest results from the discovery include an extensive 248m intercept grading 0.4 per cent copper and 0.1 grams per tonne gold, hosting 32m at 0.6 per cent copper and 0.3 grams per tonne gold, from 446 metres down-hole.

Hot Chili is set to spice up its production profile in Chile after putting in place an agreement to ramp up the processing of copper ores from its Productora deposit at the nearby Vallenar mill. The agreement will see the company lift production from its underground mining operations at the high-grade deposit to 180,000 tonnes per annum, a 50 per cent increase on the current mining rate.