Hot Chili
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Hot Chili (HCH) investor relations material

Hot Chili Q1 2027 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2027 TU earnings summary30 Oct, 2026

Executive summary

  • Step-out assays confirmed La Verde South, a second porphyry centre; the mineralised footprint now extends 1,400 m across two centres, increasing the project’s growth potential.

  • Phase 2 infill and extension drilling finished after 13 months and 40,000 m; total La Verde drilling reached 50,000 m.

  • Revised Costa Fuego PFS and EIA work advanced, with the maiden La Verde resource estimate and EIA submissions progressing to plan.

Financial highlights

  • Cash was A$29.3m at 30 September 2026, with no debt; quarter-end cash runway was reported at 2.29 quarters.

  • Quarter operating cash outflow was A$2.6m; exploration and evaluation investing outflow was A$10.1m, partly offset by A$20.4m net OR royalty proceeds.

  • Cash interest received was A$183,000; staff costs were A$1.3m and administration and corporate costs were A$1.5m for the quarter.

Outlook and guidance

  • Maiden La Verde MRE, revised Costa Fuego PFS and EIA preparation remained on track; both EIA submissions are targeted for Q2 2027.

  • La Verde drilling is expected to restart in early 2027, focused on La Verde South growth; completion of Phase 2 is expected to materially reduce exploration spending in subsequent quarters.

  • 35 drill-hole assays were pending: 24 infill and 11 southern step-out holes.

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Frequently asked questions

Hot Chili Limited is an Australian mineral exploration and development company focused on copper projects in Chile. The company’s flagship Costa Fuego Project combines several copper-gold deposits, aiming to establish a significant copper resource to support the demand for copper in industries such as electric vehicles, renewable energy, and infrastructure. Hot Chili’s activities include drilling, resource evaluation, and project development, with the goal of advancing Costa Fuego towards production. Hot Chili Limited is headquartered in Perth, Australia, and its shares are listed on the ASX.