La Verde Emerging as Hot Chili's Cornerstone Asset La Verde Emerging as Hot Chili’s Cornerstone Asset
La Verde Emerging as Hot Chili's Cornerstone
Asset
La Verde Emerging as Hot Chili’s Cornerstone Asset
Highlights
Hot Chili's La Verde porphyry discovery is fast-shaping from growth engine to cornerstone asset for
the Company's coastal range Costa Fuego copper-gold (Cu-Au) project in Chile.
Several recently returned Reverse Circulation (RC) and Diamond (DD) drill results
continue to strengthen
La Verde's significance ahead of a planned maiden Mineral Resource Estimate (MRE). Latest results include:
Shallow RC Drilling Continues to Delineate Near-Surface Enrichment Zone
DKP053 recorded
250 m grading 0.50% CuEq¹
(0.39% Cu, 0.14g/t Au)
from 64 m depth
Including
36 m grading 0.72% CuEq
(0.59% Cu, 0.18g/t Au)
from 82 m
DKP054 recorded
124 m grading 0.46% CuEq
(0.40% Cu, 0.07g/t Au)
from 42 m depth
Including
26 m grading 0.71% CuEq
(0.63% Cu, 0.10g/t Au)
from 58 m
DKP056 recorded
90 m grading 0.45% CuEq
(0.36% Cu, 0.12 g/t Au)
from 56 m depth
Including
30 m grading 0.62% CuEq
(0.50% Cu, 0.17 g/t Au)
from 64 m
DKP058 recorded
108 m grading 0.54% CuEq
(0.45% Cu, 0.11 g/t Au)
from 24 m depth
Including
32 m grading 0.60% CuEq
(0.52% Cu, 0.12 g/t Au)
from 24 m
Step-Out DD Drilling Continues to Expand Discovery Footprint
DKD049 recorded
213 m grading 0.44% CuEq¹
(0.38% Cu, 0.07g/t Au)
from 504 m depth
o Including
57.3 m grading 0.60% CuEq
(0.51% Cu, 0.10 g/t Au)
from 535.8 m
DKP028D recorded
258.9 m grading 0.42% CuEq
(0.33% Cu, 0.09 g/t Au)
from 358 m
o Including
27.4 m grading 0.76% CuEq
(0.63% Cu, 0.16 g/t Au)
from 499.5 m
Assays pending for 21 drillholes
(three DD, three DD tails and 15 RC) and
second accredited laboratory
now operating at full capacity – significantly improving Hot Chili's assay turnaround times
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).
PERTH, Australia
,
July 28, 2026
/CNW/ -- Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot
Chili" or the "Company") is pleased to provide further strong drilling 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.
Higher-Grade Starter Pit Firming as a Standout Feature of La Verde
The Company's ongoing focus on shallow infill and step-out drilling across the up-dip extension of La Verde's
high-grade core has delivered more outstanding results from RC drill holes DKP053, DKP054, DKP056, and
DKP058 (Figures 2 and 3). Numerous drilling intersections returned across the up-dip portion of La Verde's
high-grade core, including these latest results, contain broad zones of higher grade (+0.7% CuEq)
mineralisation from shallow depths. Importantly, assay results are pending for nearby up-dip drillhole DKP052
(Figure 4), results expected soon.
These latest RC drill results further expand the footprint of near-surface higher-grade mineralisation and
continue to strengthen the scale and continuity of a significant, near-surface, enrichment zone - capable of
delivering a higher-grade starter pit opportunity for Costa Fuego (Figure 5).
Expansion Drilling Delivering Continued Success
Recently returned assay results for step-out diamond drill holes DKD049 and DKP028D also confirmed
additional bulk tonnage extensions and delivered further expansion of La Verde's high-grade core (Figures 2
and 3).
Importantly, DKD049 was designed as a 175 m step-out from DKD039 - which recorded the highest-grade and
widest drilling intersection to date at La Verde. Results from DKD049 confirm a significant expansion of La
Verde's eastern flank at depth.
DKP028D successfully extended a previous RC drillhole (which ended in mineralisation), recording a further
200m down-hole of mineralisation across La Verde's western flank.
Advancing Toward Maiden MRE and Pre-Feasibility Study (PFS) Integration
Hydrogeological, geotechnical, metallurgical, mine engineering and environmental workstreams are all
advancing well toward full integration of La Verde into the Company's Costa Fuego production hub.
A maiden MRE for La Verde is expected to be released later this year followed by a revised PFS for Costa
Fuego and then finally culminating in the formal submission of an Environmental Impact Assessment for Costa
Fuego in Q2 2027.
The Company expects that La Verde's rapid integration will be transformative for Costa Fuego's financial
metrics and global standing, already ranked amongst the world's top five by-scale
1
, independent copper
developments, not controlled by a major mining company.
The Directors look forward to increased news flow following debottlenecking of assay turnaround
times and remedial works, following recent heavy rain events in the Atacama region. Next drill results
from La Verde are expected shortly.
________________________________
1
See Slide 20, Corporate Presentation Rule Symposium – July 2026
This announcement is authorised by the Board of Directors for release to ASX and TSXV.
For more information please contact:
Christian Easterday
Managing Director & CEO – Hot Chili
Tel: +61 8 9315 9009
Email:
Carol Marinkovich
Company Secretary – Hot Chili
Tel: +61 8 9315 9009
Email:
Graham Farrell
Investor & Public Relations
Email:
or visit Hot Chili's website at
www.hotchili.net.au
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
1
asl = above sea level
Table 1.
New significant drilling intersections from La Verde
Hole ID
Coordinates
Azim
Dip
Hole Depth
Intersection
Interval
Copper Eq
1
Copper
Gold
Silver
Molyb.
North
East
RL
From
To
(m)
(% CuEq)
(% Cu)
(g/t Au)
(ppm Ag)
(ppm Mo)
DKP028D
6785617
324758
1136
300
-60
866.1
358.0
616.9
258.9
0.42
0.33
0.09
0.62
58
Incl
380.0
447.6
67.6
0.52
0.38
0.13
0.67
85
& Incl
499.5
526.9
27.4
0.76
0.63
0.16
1.00
29
& Incl
570.8
591.3
20.5
0.50
0.40
0.07
0.99
99
& Incl
628.0
674
46
0.31
0.20
0.03
0.50
203
DKP043
6785855
324610
1131
104
-56
342
8.0
214.0
206.0
0.31
0.24
0.08
0.57
37
Incl
46.0
58.0
12.0
0.42
0.32
0.14
0.35
6
& Incl
198.0
214.0
16.0
0.46
0.34
0.12
0.99
80
DKD044
6785738
324508
1131
70
-65
711.4
499.0
520.4
21.3
0.45
0.34
0.05
0.87
154
595.0
620.8
26.0
0.46
0.39
0.08
0.68
25
DKP046
6786025
324597
1153
231
-59
184
28.0
112.0
84.00
0.40
0.32
0.10
0.50
12
Incl
54
72
18.0
0.50
0.41
0.12
0.29
7
DKP047
6785888
324396
1093
70
-65
60
No Significant Intersection
DKD049
6785858
324601
1131
80
-62
779.9
78.3
104.4
26.1
0.53
0.40
0.17
1.03
22
503.6
716.6
213.0
0.44
0.38
0.07
0.72
18
Incl
535.8
593.1
57.3
0.60
0.51
0.10
1.11
28
& Incl
624.0
639.8
15.8
0.52
0.45
0.08
0.65
14
DKP050
6785739
324625
1127
75
-60
354
6.0
114.0
108.0
0.37
0.31
0.08
0.31
10
Incl
8.0
48.0
40.0
0.47
0.40
0.10
0.45
6
138.0
240.0
102.0
0.35
0.28
0.09
0.34
19
DKP053
6785969
324570
1174
75
-65
408
0.0
32.0
32.0
0.38
0.34
0.04
0.49
20
64.0
314.0
250.0
0.50
0.39
0.14
0.62
10
Incl
66.0
166.0
100.0
0.58
0.47
0.15
0.65
14
Or Incl
82.0
118.0
36.0
0.72
0.59
0.18
0.44
13
& Incl
248.0
276.0
28.0
0.62
0.46
0.21
0.84
7
DKP054
6786024
324756
1188
60
-63
216
42.0
166.0
124.0
0.46
0.40
0.07
0.36
18
Incl
58.0
84.0
26.0
0.71
0.63
0.10
0.23
9
DKP055
6786037
324505
1165
60
-58
42
0.0
32.0
32.0
0.34
0.30
0.03
0.43
26
DKP056
6786024
324756
1188
118
-62
402
56.0
146.0
90.0
0.45
0.36
0.12
0.65
13
Incl
64.0
94.0
30.0
0.62
0.50
0.17
0.43
6
Or Incl
64.0
80.0
16.0
0.70
0.58
0.18
0.28
7
DKP057
6786108
324674
1182
300
-62
330
56.0
106.0
50.0
0.41
0.35
0.08
0.77
10
DKP058
6785775
324785
1134
70
-58
402
24.0
132.0
108.0
0.54
0.45
0.11
0.68
12
Incl
24.0
56.0
32.0
0.60
0.51
0.10
0.63
6
Notes to Table 1: Significant intercepts for La Verde are reported above a nominal cut-off grade of 0.20% Cu. Reported intersections may include internal dilution (intervals below 0.20% Cu), including
zones exceeding 30 m downhole width, where the overall weighted average grade of the intersection remains above the cut-off grade. Significant intersections are separated where zones of
internal dilution result in discrete intervals that do not meet the reporting criteria. The selection of a 0.20% Cu cut-off grade is aligned with a marginal economic cut-off for bulk tonnage polymetallic
copper deposits of comparable grade in Chile and globally.
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).
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' cross section (Figure 3), and B – B' cross section (Figure 4) annotated
with white dashed lines. Conceptual open pit shells
1
displayed for $US3.50/lb Cu (blue) and $US6.00/lb Cu
(green) displayed as dashed lines. Results reported including CuEq
2
.
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’ cross section (Figure 3), and B – B’ cross section (Figure 4) annotated
with white dashed lines. Conceptual open pit shells1 displayed for $US3.50/lb Cu (blue) and $US6.00/lb Cu
(green) 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’ cross section (Figure 3), and B – B’ cross section (Figure 4) annotated
with white dashed lines. Conceptual open pit shells1 displayed for $US3.50/lb Cu (blue) and $US6.00/lb Cu
(green) displayed as dashed lines. Results reported including CuEq2.
1
See Page 10 of this announcement for detail on the US$3.50 Cu and US$6.00 Cu conceptual open pit shells
(Exploration Targets). Any potential tonnage and grade of the Exploration Target shown is conceptual in
nature. There has been insufficient exploration to estimate a Mineral Resource within the target area, and it is
uncertain if further exploration will result in the estimation of a Mineral Resource.
2
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).
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 shells
1
displayed for
$US3.50/lb Cu (blue) and $US6.00/lb Cu (green) displayed as dashed lines. Results reported including CuEq
2
.
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 (blue) and $US6.00/lb Cu (green) displayed as dashed lines. Results reported including CuEq2.
1
See Page 10 of this announcement for detail on the US$3.50 Cu and US$6.00 Cu conceptual open pit shells (Exploration Targets). Any potential tonnage and grade of the Exploration Target shown is
conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource within the target area, and it is uncertain if further exploration will result in the estimation of a Mineral
Resource.
2
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).
Figure 4.
Cross section slice (B – B') showing recent drill hole results DKP053 and DKP054 (± 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 shells
1
displayed for $US3.50/lb Cu (blue) and $US6.00/lb Cu (green) displayed as dashed lines.
Results reported including CuEq
2
. Assay pending for DKP052.
Figure 4. Cross section slice (B – B’) showing recent drill hole results DKP053 and DKP054 (± 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 (blue) and $US6.00/lb Cu (green) displayed as dashed lines.
Results reported including CuEq2. Assay pending for DKP052.
1
See Page 10 of this announcement for detail on the US$3.50 Cu and US$6.00 Cu conceptual open pit shells (Exploration Targets). Any potential tonnage and grade of the Exploration Target shown is
conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource within the target area, and it is uncertain if further exploration will result in the estimation of a Mineral
Resource.
2
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).
Figure 5.
Oblique slice towards NW (Azi 325°, Plunge+26°). 0.3% and 0.4% Cu interpolants displayed for
oxide and transitional material, sliced along NNE orientation with the front removed. US$3.50/lb Cu conceptual
open pit shell displayed in dark grey; US$6.00/lb Cu conceptual open pit shell displayed in light grey
1
. Base of
weathering shown as dashed blue line. Results reported including CuEq
2
.
Figure 5. Oblique slice towards NW (Azi 325°, Plunge+26°). 0.3% and 0.4% Cu interpolants displayed for
oxide and transitional material, sliced along NNE orientation with the front removed. US$3.50/lb Cu conceptual
open pit shell displayed in dark grey; US$6.00/lb Cu conceptual open pit shell displayed in light grey1. Base of
weathering shown as dashed blue line. Results reported including CuEq2.
1
See Page 10 of this announcement for detail on the US$3.50 Cu and US$6.00 Cu conceptual open pit shells (Exploration Targets). Any potential tonnage and grade of the Exploration Target shown is
conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource within the target area, and it is uncertain if further exploration will result in the estimation of a Mineral
Resource.
2
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)
Qualifying Statements
Conceptual Open Pit Shells
Conceptual open pit shells represent Exploration Targets as defined in the 2012 Edition of the 'Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (JORC Code). They are
based on completed exploration activities reported in the announcement released 19 May 2025 (
'Hot Chili
Announces Latest Drill Results for La Verde, Doubling Porphyry Discovery Footprint'
).
The conceptual open pit shells were generated using copper (Cu) prices of US$3.50/lb Cu and US$6.00/lb Cu
on a series of nested Cu grade shells. Other input parameters informing the conceptual open-pit shells (pit
slope angles, mining cost, processing cost, etc.) were derived from values reported in the March 2025 Costa
Fuego Pre-Feasibility Study and are considered appropriate for the style of mineralisation encountered at the
La Verde Cu-Au porphyry discovery.
Any potential quantity and grade of the Exploration Target shown is conceptual in nature. There has been
insufficient exploration to estimate a Mineral Resource within the target area, and it is uncertain if further
exploration will result in the estimation of a Mineral Resource.
Further exploration activities are detailed in this announcement and include (but may not necessarily be limited
to) a program of diamond drillholes aiming to extend the mineralised footprint at La Verde. Drilling commenced
on 22 September 2025, with the length of the program dependent on a number of considerations including (but
not limited to) the results of the exploration activities and regulatory applications and approvals.
Qualified Person – NI 43-101
The technical information in this announcement has been reviewed and approved by Mr Christian Easterday,
MAIG, Hot Chili's Managing Director and a qualified person within the meaning of National Instrument 43-101 –
Standards of Disclosure for Mineral Projects
. For further information, please refer to the Company's technical
report titled "Costa Fuego Project, NI 43-101 Technical Report Preliminary Feasibility Study", with an effective
date of 27 March 2025, a copy of which is available for review under the Company's issuer profile on SEDAR+
(
www.sedarplus.ca
).
Competent Person – JORC
The information in this announcement that relates to Exploration Results and Exploration Targets for the La
Verde project is based upon information compiled by Mr Christian Easterday, the Managing Director and a full-
time employee of Hot Chili Limited, who is a Member of the Australasian Institute of Geoscientists (AIG). Mr
Easterday has sufficient experience that is relevant to the style of mineralisation and type of deposits under
consideration and to the activity which he is undertaking to qualify as a 'Competent Person' as defined in the
2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves' (JORC Code). Mr Easterday consents to the inclusion in this announcement of the matters based on
their information in the form and context in which it appears.
The information in this announcement relating to previously reported Exploration Results for La Verde was
previously reported in the Company's announcements 'Hot Chili Confirms Major Cu-Au Porphyry Discovery at
La Verde', 'Hot Chili Announces Latest Drill Results for La Verde, Doubling Porphyry Discovery Footprint',
'District-Scale Porphyry Cluster Potential Emerging at La Verde Cu-Au Discovery', 'First Diamond Drillhole
Confirms Gold-Rich Major Copper Discovery in Coastal Chile', 'Near-Surface Higher-Grade Core Confirmed at
La Verde', 'Rapid Growth of High Grade Core Continues at La Verde', 'Shallow High Grade Results Continue
at La Verde', 'Hot Chili Confirms Major High-Grade Extension at La Verde', 'Latest Drilling Lifts HG Core
Potential of La Verde' and 'Strong Copper-Gold Results Continue at La Verde" released to ASX on 26
February 2024, 19 May 2025, 29 May 2025, 27 November 2025, 10 December 2025, 20 January 2026, 16
February 2026, 8 April 2026, 5 May 2026 and 16 June 2026, respectively, which are available to view on the
Company's website at
www.hotchili.net.au/investors/investor-centre/market-announcements
. The Company
confirms that it is not aware of any new information or data that materially affects the information included in
the original market announcements.
Disclaimer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this announcement.
Forward Looking Statements
This announcement contains certain statements that are "forward-looking information" within the meaning of
applicable Canadian securities legislation and "forward-looking statements" within the meaning of applicable
Australian securities regulation (collectively, the "forward-looking statements"). Forward-looking statements
reflect the Company's current expectations, forecasts, and projections with respect to future events, many of
which are beyond the Company's control, and are based on certain assumptions. No assurance can be given
that these expectations, forecasts, or projections will prove to be correct, and such forward-looking statements
included in this announcement should not be unduly relied upon. Forward-looking information is by its nature
prospective and requires the Company to make certain assumptions and is subject to inherent risks and
uncertainties. All statements other than statements of historical fact are forward-looking statements. The use
of any of the words "capable", "estimate", "expansion", "expectations", "likely", "may", "plan", "potential",
"project", "reinforce", "large-scale", "could", "should", "will", "would", variants of these words and similar
expressions are intended to identify forward-looking statements.
The forward-looking statements within this announcement are based on information currently available and
what management believes are reasonable assumptions. Forward-looking statements speak only as of the
date of this announcement.
In this announcement, forward-looking statements relate, among other things, to: the potential of the La Verde
discovery; regulatory applications and approvals; the timing and results of future economic studies; and the
Company's future exploration and other business plans.
Forward-looking statements involve known and unknown risks, uncertainties, and other factors, which may
cause the actual results, performance, or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by the forward-looking statements. A
number of factors could cause actual results to differ materially from a conclusion, forecast or projection
contained in the forward-looking statements in this announcement, including, but not limited to, the following
material factors: the ability of drilling and other exploration activities to accurately predict mineralisation;
operational risks; risks related to the cost estimates of exploration; sovereign risks associated with the
Company's operations in Chile; changes in estimates of mineral resources or mineral reserves of properties
where the Company holds interests; recruiting qualified personnel and retaining key personnel; future financial
needs and availability of adequate financing; fluctuations in mineral prices; market volatility; exchange rate
fluctuations; ability to exploit successful discoveries; the production at or performance of properties where the
Company holds interests; ability to retain title to mining concessions; environmental risks; financial failure or
default of joint venture partners, contractors or service providers; competition risks; economic and market
conditions; and other risks and uncertainties described elsewhere in this announcement and elsewhere in the
Company's public disclosure record.
Although the forward-looking statements contained in this announcement are based upon assumptions which
the Company believes to be reasonable, the Company cannot assure investors that actual results will be
consistent with these forward-looking statements. With respect to forward-looking statements contained in this
announcement, the Company has made assumptions regarding: future commodity prices and demand;
availability of skilled labour; timing and amount of capital expenditures; future currency exchange and interest
rates; the impact of increasing competition; general conditions in economic and financial markets; availability of
drilling and related equipment; effects of regulation by governmental agencies; future tax rates; future operating
costs; availability of future sources of funding; ability to obtain financing; and assumptions underlying estimates
related to adjusted funds from operations. The Company has included the above summary of assumptions and
risks related to forward-looking information provided in this announcement to provide investors with a more
complete perspective on the Company's future operations, and such information may not be appropriate for
other purposes. The Company's actual results, performance or achievement could differ materially from those
expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given
that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do
so, what benefits the Company will derive therefrom.
For additional information with respect to these and other factors and assumptions underlying the forward-
looking statements made herein, please refer to the public disclosure record of the Company, including the
Company's most recent Annual Report, which is available on SEDAR+ (
www.sedarplus.ca
) under the
Company's issuer profile. New factors emerge from time to time, and it is not possible for management to
predict all those factors or to assess in advance the impact of each such factor on the Company's business or
the extent to which any factor, or combination of factors, may cause actual results to differ materially from
those contained in any forward-looking statement.
The forward-looking statements contained in this announcement are expressly qualified by the foregoing
cautionary statements and are made as of the date of this announcement. Except as may be required by
applicable securities laws, the Company does not undertake any obligation to publicly update or revise any
forward-looking statement to reflect events or circumstances after the date of this announcement or to reflect
the occurrence of unanticipated events, whether as a result of new information, future events or results, or
otherwise. Investors should read this entire announcement and consult their own professional advisors to
ascertain and assess the income tax and legal risks and other aspects of an investment in the Company.
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SOURCE Hot Chili Limited
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%SEDAR: 00053528E
CO: Hot Chili Limited
CNW 07:00e 28-JUL-26