Hot Chili Ltd Unveils Major Copper-Gold Discovery

Hot Chili Uncovers Major Porphyry Cluster Potential Near La Verde Discovery

Hot Chili Limited (ASX: HCH, TSXV: HCH, OTCQX: HHLKF) has revealed compelling evidence of a potential district-scale porphyry system surrounding its La Verde copper-gold discovery in Chile, with three new priority targets identified through recent exploration activities.

Multiple Porphyry Targets Emerge from Advanced Exploration

Hot Chili Limited's recent geophysical and geochemical work has uncovered what appears to be a significant porphyry cluster at its Domeyko Project, located approximately 30km south of the company's planned Costa Fuego processing hub in Chile's copper-rich Atacama region.

The exploration breakthrough follows the company's May 19 announcement confirming La Verde's substantial 1,000m by 750m footprint with multiple higher-grade centres starting near surface. Integration of advanced exploration techniques has now identified three additional circular magnetic-low features adjacent to La Verde that display characteristics similar to the existing discovery.

Two of these promising targets are concealed beneath shallow gravel cover, presenting a blind exploration opportunity with significant potential upside. This approach is similar to how Great Western Exploration made its major copper-gold discovery, using advanced geophysical methods to identify previously hidden mineralisation.

"The integration of a 3D magnetic inversion model from ground magnetic data shows a spatial correlation between the mineralised tonalitic porphyry intrusion and a NNE-SSW trending weakly magnetic anomaly over La Verde. This magnetic anomaly sits within a localised circular magnetic-low feature. This relationship has been used to identify three additional circular magnetic-low features adjacent to La Verde, all of which are well-positioned at the intersection point of major regional structures."

Technical Validation Through Multiple Data Sets

The company's exploration approach combines several sophisticated techniques to build confidence in the newly identified targets:

• 3D magnetic inversion modelling from ground magnetic data revealed a spatial correlation between La Verde's mineralised tonalitic porphyry intrusion and a NNE-SSW trending weakly magnetic anomaly
• 3D geochemical probability modelling using regional soil geochemistry identified an area of interest approximately 1km northeast of La Verde
• The alignment of independent geophysical and geochemical datasets significantly increases confidence in the northeastern target
• All three target areas are strategically positioned at the intersection of major regional structures

This multi-disciplinary approach draws on techniques previously successful in locating Hot Chili Ltd copper-gold discovery sites at Productora and Cortadera, similar to methods used by Hammer Metals in their recent Queensland discoveries.

What is a Porphyry Cluster?

Porphyry clusters are groups of related copper-gold deposits that form from multiple intrusive events in a concentrated area. These systems are particularly valuable to mining companies because:

1. They often contain billions of pounds of copper and significant gold credits
2. Multiple deposits within close proximity create operational synergies for potential mine development
3. The scale of mineralisation typically supports large, long-life mining operations
4. The world's most valuable copper districts, like Chile's Escondida region, feature multiple porphyry centres

Porphyry clusters typically form when mineralising fluids follow structural weaknesses in the earth's crust, creating multiple mineralised intrusions along these pathways. The presence of multiple circular magnetic features at structural intersections at La Verde is a classic signature of this deposit type, similar to those identified in Hammer Metals' EM conductor discoveries.

Expanded Drilling Program Planned

Hot Chili has announced an expansion of its phase-two drilling program at La Verde to include:

• Extension drilling at the existing La Verde copper-gold discovery, which remains open laterally and at depth
• First-pass drilling of the newly identified target areas

Before drilling commences, the company is conducting detailed mapping and rock chip sampling across the new areas of interest. The regulatory drill pad application for the expanded program is expected to be approved in September 2025.

Investment Perspective: Building the Next Major Copper-Gold Hub

Hot Chili continues to advance its Costa Fuego Copper-Gold Project as one of the most significant copper developments in Chile, with La Verde emerging as a potentially transformative satellite discovery. The identification of a possible porphyry cluster dramatically increases the scale potential of the La Verde area.

For investors, this latest discovery highlights several key value drivers:

1. Expanded resource potential – Multiple porphyry targets could significantly increase the overall resource base
2. Proximity to planned infrastructure – All targets are within 30km of the planned central processing hub
3. Favourable location – The project is situated at low elevation in the coastal range, offering logistical advantages
4. Exploration upside – Two of the three new targets are blind opportunities concealed under shallow cover
5. Technical validation – The use of multiple, independent exploration techniques increases confidence in the targets

Hot Chili Ltd copper-gold discovery efforts are advancing through a critical phase of exploration that could substantially expand the resource potential of its Chilean copper portfolio. With drilling results pending and an expanded program planned, investors should monitor developments closely as the company progresses toward potential resource delineation at these newly identified targets.

In addition, those interested in gold exploration opportunities might also consider Marvel Gold's acquisition of the Hanang project or Mt Fisher's early gold production potential as complementary investments in the precious metals space.

Glossary: Understanding Porphyry Exploration Terms

3D Magnetic Inversion Model: A computational technique that converts surface magnetic measurements into a three-dimensional representation of magnetic properties underground, helping visualise potential ore bodies.

Circular Magnetic-Low Features: Ring-shaped areas with reduced magnetic response that often indicate alteration halos surrounding porphyry copper deposits.

Geochemical Probability Model: A statistical approach to predict where mineralisation might occur based on the spatial distribution of pathfinder elements in soil or rock samples.

Tonalitic Porphyry: An igneous rock type commonly associated with copper-gold mineralisation, characterised by visible crystals (phenocrysts) set in a finer-grained groundmass.

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