La Verde Discovery Has Six Drillholes That Have Been Completed

PERTH, AUS – Hot Chili Limited reported on its La Verde copper–gold (Cu-Au) discovery, located roughly 30 km south of the Costa Fuego Copper-Gold (Cu-Au) Project planned central processing hub in Chile’s coastal Atacama region.
Phase two diamond drilling began on 22 September 2025 with one rig operating on a double-shift basis, with six drillholes now complete. This program aims to extend the initial +0.2% Cu discovery footprint of 1,000 m by 750 m by 400 m depth, while also extending the +0.3 g/t Au distribution identified during Phase one.
Initial assays from twin diamond drillhole DKD032 have exceeded expectations, delivering a standout result of 529 m grading 0.41% Cu and 0.21 g/t Au from 41m to end of hole.  Importantly the new drill result: 1) Confirms convergence of higher-grade Cu-Au mineralisation centres at depth. 2) Significantly expands both vertical and lateral extent of the northeastern higher-grade mineralisation centre, characterised by a high gold-to-copper ratio. 3) Materially extends the original 308 m intercept (RC hole DKP002) by a further 221 m to end of hole (570 m).
These latest results have significant implications for the growth of Hot Chili’s Costa Fuego Mineral Resource base and scale of planned future operations.