PERTH, AUSTRALIA (By Hot Chili, 20.Jan.2026, Words: 284) — Hot Chili Limited provided the first drilling update for 2026 from its La Verde copper–gold (Cu-Au) discovery, located 30 km south of the company’s Costa Fuego Cu-Au project planned central processing hub in Chile’s coastal Atacama region.
Highlights include:
— latest drill results further expand an emerging, bulk-tonnage, high-grade core at Hot Chili’s La Verde copper-gold (Cu-Au) porphyry discovery
— DKD033, a diamond twin, recorded 495m grading 0.38% Cu and 0.10 g/t Au from 3m depth
- including 123m grading 0.50% Cu and 0.13 g/t Au from 289m depth
— DKD034 recorded 426m grading 0.37% Cu and 0.08 g/t Au from 194m depth
- including 220m grading 0.43 % Cu, 0.10 g/t Au from 322m depth
- and including 52m grading 0.50 % Cu, 0.08 g/t Au from 566m depth
— assays pending for six diamond drillholes, including results for DKD035 and DKD036, which reported wide, higher-grade copper-porphyry style mineralisation from near-surface, results expected soon
— diamond drilling recommenced on 12 Jan. 2026, following a short break.
Hot Chili’s managing director Christian Easterday commented:
“Hot Chili is delighted to report these compelling assay results from La Verde, with more expected soon.
Against a strong backdrop of record copper and gold prices, the reporting of wide, near-surface, copper-gold intercepts from a new major discovery underscores the strategic significance of La Verde to Hot Chili.
Costa Fuego is one of a limited number of independent, large-scale, near-term, meaningful copper projects globally, which is highly leveraged to copper price (for every US10 cents/lb increase in copper price above US$4.30/lb, Project NPV(8%) increases by ~US$100M2).
These latest La Verde drill results further amplify Hot Chili’s leverage to rising commodity prices”.
____________________
