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HCH.V ·

Hot Chili Delivers More Copper-Gold at La Verde - PR Newswire Canada

Drill Results

With Another Standout Result of 106m grading 0.70% CuEq
Recorded Within 472 m grading 0.41% CuEq1 from 49 m

Highlights

Strong drill results continue as Hot Chili accelerates its integration of the La Verde porphyry discovery into the Company's Costa Fuego copper-gold (Cu-Au) project, located in Chile's coastal range.

Recently returned Reverse Circulation (RC) and Diamond (DD) drill results continue to expand La Verde's high-grade core, and confirm strong continuity of shallow, wide zones of Cu-Au mineralisation ahead of a planned maiden Mineral Resource Estimate (MRE). Significant intersections include:

  • DKD060 recorded 472 m grading 0.41% CuEq (0.34% Cu, 0.08 g/t Au) from 49 m depth 
    • Including 63.7 m grading 0.50% CuEq (0.42% Cu, 0.10 g/t Au) from 93.4 m, and
    • Including 105.8 m grading 0.70% CuEq (0.58% Cu, 0.15 g/t Au) from 397 m
  • DKP058 recorded 182 m grading 0.50% CuEq (0.41% Cu, 0.10 g/t Au) from 24 m depth
    • Including a 74 m downhole extension to the previously reported2 108 m grading 0.54% CuEq (0.45% Cu, 0.11 g/t Au) from 24 m
  • DKP052 recorded 272 m grading 0.40% CuEq (0.32% Cu, 0.10 g/t Au) from 82 m depth
    • Including 42 m grading 0.50% CuEq (0.39% Cu, 0.14 g/t Au) from 92 m
    • Including 28 m grading 0.60% CuEq (0.48% Cu, 0.16 g/t Au) from 252 m

Assays are pending for 18 drillholes (one DD, one DD tail, and 16 RC), and a fourth rig has been added to accelerate drilling operations following recent heavy rain in the Atacama region.

1

Copper Equivalent (CuEq) reported for the drillhole intersections were calculated using the following formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery) + (Mo ppm × Mo price per g/t × Mo_recovery) + (Au ppm × Au price per g/t × Au_recovery) + (Ag ppm × Ag price per g/t × Ag_recovery)) / (Cu price 1% per tonne × Cu_recovery). The Metal Prices applied in the calculation were: Cu=4.50 USD/lb, Au=3,150 USD/oz, Mo=20 USD/lb, and Ag=30 USD/oz. The entirety of the intersection is assumed as fresh. The recovery and copper equivalent formula for La Verde uses Cortadera as a proxy, which is considered reasonable given both the similar mineralisation style and amenability testwork completed thus far at La Verde – Recoveries of 83% Cu, 56% Au, 83% Mo and 37% Ag. CuEq (%) = Cu(%) + 0.69 x Au(g/t) + 0.00044 x Mo(ppm) + 0.0043 x Ag(g/t).

2

See announcement 'La Verde Emerging as Cornerstone Asset for HCH' dated 28 July 2026

PERTH, Australia, Aug. 24, 2026 /CNW/ -- Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce another set of strong drill results from its La Verde Cu-Au porphyry discovery (La Verde), located 30 km south of the Company's Costa Fuego Cu-Au Project (Costa Fuego) planned central processing hub in Chile's coastal Atacama region.

Step-Out DD Drilling Continues to Expand High Grade Core

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Hot Chili Community Team providing support to neighbours of the Costa Fuego Project
Hot Chili Community Team providing support to neighbours of the Costa Fuego Project
Impact of the recent rain event on regional infrastructure
Impact of the recent rain event on regional infrastructure
Figure 1. Location of La Verde in relation to Costa Fuego, coastal range Chile
Figure 1. Location of La Verde in relation to Costa Fuego, coastal range Chile
Figure 2. Plan view map of La Verde showing recent drill hole results and updated +0.2% copper (yellow), +0.3% copper (red), +0.4% copper (magenta) mineralisation interpolants. Drilled holes with pending assays are shown in black. Position of A – A’ long section (Figure 3), B – B’ cross section (Figure 4) and C – C’ cross section (Figure 5) annotated with white dashed lines. Conceptual open pit shells1 displayed for $US3.50/lb Cu (short dash) and $US6.00/lb Cu (long dash) displayed as dashed lines. Results reported including CuEq2.
Figure 2. Plan view map of La Verde showing recent drill hole results and updated +0.2% copper (yellow), +0.3% copper (red), +0.4% copper (magenta) mineralisation interpolants. Drilled holes with pending assays are shown in black. Position of A – A’ long section (Figure 3), B – B’ cross section (Figure 4) and C – C’ cross section (Figure 5) annotated with white dashed lines. Conceptual open pit shells1 displayed for $US3.50/lb Cu (short dash) and $US6.00/lb Cu (long dash) displayed as dashed lines. Results reported including CuEq2.
Figure 2. Plan view map of La Verde showing recent drill hole results and updated +0.2% copper (yellow), +0.3% copper (red), +0.4% copper (magenta) mineralisation interpolants. Drilled holes with pending assays are shown in black. Position of A – A’ long section (Figure 3), B – B’ cross section (Figure 4) and C – C’ cross section (Figure 5) annotated with white dashed lines. Conceptual open pit shells1 displayed for $US3.50/lb Cu (short dash) and $US6.00/lb Cu (long dash) displayed as dashed lines. Results reported including CuEq2.
Figure 2. Plan view map of La Verde showing recent drill hole results and updated +0.2% copper (yellow), +0.3% copper (red), +0.4% copper (magenta) mineralisation interpolants. Drilled holes with pending assays are shown in black. Position of A – A’ long section (Figure 3), B – B’ cross section (Figure 4) and C – C’ cross section (Figure 5) annotated with white dashed lines. Conceptual open pit shells1 displayed for $US3.50/lb Cu (short dash) and $US6.00/lb Cu (long dash) displayed as dashed lines. Results reported including CuEq2.
Figure 3. Long-section slice (A – A’) showing recent drill hole results and updated +0.2% copper (yellow), +0.3% copper (red), +0.4% copper (magenta) mineralisation interpolants. Returned Cu grades shown on hole traces, drilled holes with pending assays are shown in black. Conceptual open pit shells1 displayed for $US3.50/lb Cu (short dash) and $US6.00/lb Cu (long dash) displayed as dashed lines. Results reported including CuEq2.
Figure 3. Long-section slice (A – A’) showing recent drill hole results and updated +0.2% copper (yellow), +0.3% copper (red), +0.4% copper (magenta) mineralisation interpolants. Returned Cu grades shown on hole traces, drilled holes with pending assays are shown in black. Conceptual open pit shells1 displayed for $US3.50/lb Cu (short dash) and $US6.00/lb Cu (long dash) displayed as dashed lines. Results reported including CuEq2.
Figure 4. Cross section slice (B – B’) showing recent drill hole results DKP052 and DKP045D (± 75m clipping) and updated +0.2% copper (yellow), +0.3% copper (red), +0.4% copper (magenta) mineralisation interpolants. Returned Cu grades shown on hole traces, drilled holes with pending assays are shown in black. Conceptual open pit shells1 displayed for $US3.50/lb Cu (short dash) and $US6.00/lb Cu (long dash) displayed as dashed lines. Results reported including CuEq2.
Figure 4. Cross section slice (B – B’) showing recent drill hole results DKP052 and DKP045D (± 75m clipping) and updated +0.2% copper (yellow), +0.3% copper (red), +0.4% copper (magenta) mineralisation interpolants. Returned Cu grades shown on hole traces, drilled holes with pending assays are shown in black. Conceptual open pit shells1 displayed for $US3.50/lb Cu (short dash) and $US6.00/lb Cu (long dash) displayed as dashed lines. Results reported including CuEq2.

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