Gold$2,045.30+0.52%
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Copper$3.85+1.23%
Platinum$912.40-0.33%
Iron Ore$118.50+2.14%
Nickel$16,892-0.89%
Hot Chili Limited logo

Hot Chili Limited

HCH.VSmall CapCopper

Price History

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About Hot Chili Limited

Hot Chili Limited (HCH.V) is a copper mining company listed on the TSX Venture Exchange (TSXV). Our project database tracks 14 projects for Hot Chili Limited with technical and economic data extracted from company filings. Its flagship Costa Fuego (Productora + Cortadera) (Pre-Feasibility) carries an after-tax NPV of $1.20B and an IRR of 19% over a 20-year mine life.

Hot Chili Limited is a copper-gold developer building the Costa Fuego copper-gold project in Chile's mining district, featuring a robust prefeasibility study and strong exploration upside. The project targets approximately 17 million tonnes of copper resources in one of the world's leading copper nations.

Primary Commodities

Copper

Project Economics

La Verde Cu-Au Deposit

Copper· Chile, Atacama Region (coastal range, ~30 km south of Costa Fuego)· Exploration
Resource Estimate
Head GradeExample intersections: 148 m @ 0.44% CuEq (0.39% Cu, 0.07 g/t Au) from 36 m
Recovery83%
Mine TypeOpen-pit (conceptual shells only)

La Verde (Domeyko Project)

Copper· Chile, Atacama Region (coastal range, ~30 km south of Costa Fuego processing hub)· Exploration
Resource Estimate
Head GradeRepresentative intersections: 188 m @ 0.56% CuEq (0.44% Cu, 0.16 g/t Au) from 24 m (DKP075); 240 m @ 0.43% CuEq (0.30% Cu, 0.17 g/t Au) from 36 m (DKP078)
Recovery83%
Mineral Resources
None. No Mineral Resource or Mineral Reserve currently estimated at La Verde; maiden MRE targeted later this year. Conceptual open pit shells at US$3.50/lb and US$6.00/lb Cu are Exploration Targets only.

Costa Fuego (Productora + Cortadera)

Copper· Chile, Atacama Region (Huasco Valley)· Development
Pre-Feasibility
Oct 2026
NPV (After-Tax) @ 8%$1.20B
IRR (After-Tax)19%
Initial Capex$1.27B
Payback4.5 yrs
Mine Life20 yrs
Annual Production116 kt CuEq
Mine TypeOpen-pit
Strip Ratio1.5
Ownership100%
Contained Metal3.6 Mt CuEq (M+I)
Mineral Reserves
502 Mt @ 0.43% CuEq (as per peer comparison table, slide 5)
Mineral Resources
M+I: 798 Mt @ 0.45% CuEq; Inferred: 203 Mt @ 0.31% CuEq (slide 5)
Royalties / Streams
Glencore can purchase up to 60% of concentrate for first 8 years of life of mine at benchmark terms (must maintain >7.5% ownership in Company)

Huasco Water

Water (Seawater/Desalinated)· Chile, Huasco Valley· Development
Pre-Feasibility
NPV (After-Tax) @ 8%$122M
IRR (After-Tax)19%
Initial Capex$151M
Payback4.5 yrs
Ownership80%

Huasco Water - Stage 1 (Seawater Supply to Costa Fuego)

Water· Chile, Atacama Region, Huasco Valley· Development
Pre-Feasibility
NPV (After-Tax) @ 8%$122M
IRR (After-Tax)19%
Initial Capex$151M
Payback4.5 yrs
Ownership80%

Huasco Water - Stage 2 (Desalinated Water Supply to Huasco Valley)

Water· Chile, Atacama Region, Huasco Valley· Development
Pre-Feasibility
NPV (After-Tax) @ 8%$977M
IRR (After-Tax)19%
Initial Capex$1.40B
Payback4 yrs
Ownership80%

La Verde

Copper· Chile, Atacama Region (Huasco Valley), ~35 km southeast of Productora Central Processing· Exploration
Resource Estimate

Costa Fuego - Huasco Water (Stage 1)

Water· Chile, Huasco Valley· Development
Pre-Feasibility
NPV (After-Tax) @ 8%$122M
IRR (After-Tax)19%
Initial Capex$151M
Payback4.5 yrs

Costa Fuego - Huasco Water (Stage 2 - Desalinated)

Water· Chile, Huasco Valley· Development
Pre-Feasibility
NPV (After-Tax) @ 8%$977M
IRR (After-Tax)19%
Initial Capex$1.40B
Payback4 yrs

Huasco Water Asset

Water· Chile, Huasco Valley· Development
Pre-Feasibility
May 2026
NPV (After-Tax) @ 8%$122M
IRR (After-Tax)19%
Initial Capex$151M
Payback4.5 yrs

La Verde Copper-Gold Porphyry Discovery

Copper, Gold· Chile (~35 km southeast of planned Productora Central Processing)· Exploration
Resource Estimate
May 2026

Costa Fuego Cu-Au Project

Copper· Chile, coastal Atacama region· Development
Pre-Feasibility
Mar 2025

Costa Fuego

Copper· Chile, Atacama Coastal belt, Huasco Valley, ~60km from port· Development
Pre-Feasibility
Mar 2025
NPV (After-Tax) @ 8%$1.20B
IRR (After-Tax)19%
Initial Capex$1.27B
Payback4.5 yrs
AISC1.4 USD/lb Cu
Mine Life20 yrs
Annual Production116 kt CuEq
Mine TypeOpen-pit
Strip Ratio1.5
Ownership80%
Contained Metal3.6 Mt CuEq Metal
Mineral Reserves
502 Mt @ 0.43% CuEq
Mineral Resources
798 Mt @ 0.45% CuEq (M+I); 203 Mt @ 0.31% CuEq (Inferred)
Royalties / Streams
Glencore can purchase up to 60% of concentrate for first 8 years life of mine – at benchmark terms but must maintain >7.5% ownership in Company

Hot Chili Limited AGM Announcement

Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.

How the Economics Evolved

Costa Fuego (Productora + Cortadera)

3 studies on record
Pre-Feasibility
Mar 2025
$1.20B
IRR 19% · Capex $1.27B
Pre-Feasibility
Mar 2025
$1.20B
IRR 19% · Capex $1.27B
Pre-Feasibility
Oct 2026
$1.20B
IRR 19% · Capex $1.27B

Costa Fuego

2 studies on record
Pre-Feasibility
Mar 2025
$1.20B
IRR 19% · Capex $1.27B
Pre-Feasibility
Mar 2025

Huasco Water

2 studies on record
Pre-Feasibility
$122M
IRR 19% · Capex $151M
Pre-Feasibility
$122M
IRR 19% · Capex $151M

La Verde

4 studies on record
Resource Estimate
Resource Estimate
Sep 2026
Resource Estimate
Study

Economics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.

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Financial Metrics

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Frequently Asked Questions

What does Hot Chili Limited mine?
Hot Chili Limited is focused on Copper.
What is the economic value of Hot Chili Limited's Costa Fuego (Productora + Cortadera)?
According to its Pre-Feasibility, Costa Fuego (Productora + Cortadera) has an after-tax NPV of $1.20B and an IRR of 19%.
What exchange is Hot Chili Limited listed on?
Hot Chili Limited trades under the ticker HCH.V on the TSX Venture Exchange (TSXV).
How many projects does Hot Chili Limited have?
We track 14 projects with extracted technical and economic data for Hot Chili Limited.

Project Analysis

ANALYSISWATERPFS

Huasco Water - Stage 2 (Desalinated Water Supply to Huasco Valley) PFS: $977M NPV, 19% IRR

Hot Chili Limited's Huasco Water - Stage 2 (Desalinated Water Supply to Huasco Valley) in Chile, Atacama Region, Huasco Valley has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of $977M, an after-tax IRR of 19%, and initial capital of $1.40B.

Hot Chili LimitedOct 20, 2026
ANALYSISWATERPFS

Huasco Water - Stage 1 (Seawater Supply to Costa Fuego) PFS: $122M NPV, 19% IRR

Hot Chili Limited's Huasco Water - Stage 1 (Seawater Supply to Costa Fuego) in Chile, Atacama Region, Huasco Valley has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of $122M, an after-tax IRR of 19%, and initial capital of $151M.

Hot Chili LimitedOct 20, 2026
ANALYSISWATER (SEAWATER/DESALINATED)PFS

Huasco Water PFS: $122M NPV, 19% IRR

Hot Chili Limited's Huasco Water in Chile, Huasco Valley has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of $122M, an after-tax IRR of 19%, and initial capital of $151M.

Hot Chili LimitedSep 21, 2026
ANALYSISCOPPERPFS

Costa Fuego (Productora + Cortadera) PFS: $1.20B NPV, 19% IRR

Hot Chili Limited's Costa Fuego (Productora + Cortadera) in Chile, Atacama Region (Huasco Valley) has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of $1.20B, an after-tax IRR of 19%, and initial capital of $1.27B. The mine plan runs 20 years at about 116 kt CuEq per year.

Hot Chili LimitedSep 21, 2026
ANALYSISWATERPFS

Costa Fuego - Huasco Water (Stage 2 - Desalinated) PFS: $977M NPV, 19% IRR

Hot Chili Limited's Costa Fuego - Huasco Water (Stage 2 - Desalinated) in Chile, Huasco Valley has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of $977M, an after-tax IRR of 19%, and initial capital of $1.40B.

Hot Chili LimitedJun 14, 2026
ANALYSISWATERPFS

Costa Fuego - Huasco Water (Stage 1) PFS: $122M NPV, 19% IRR

Hot Chili Limited's Costa Fuego - Huasco Water (Stage 1) in Chile, Huasco Valley has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of $122M, an after-tax IRR of 19%, and initial capital of $151M.

Hot Chili LimitedJun 14, 2026
ANALYSISCOPPERPFS

Costa Fuego PFS: $1.20B NPV, 19% IRR

Hot Chili Limited's Costa Fuego in Chile, Atacama Coastal belt, Huasco Valley, ~60km from port has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of $1.20B, an after-tax IRR of 19%, and initial capital of $1.27B. The mine plan runs 20 years at about 116 kt CuEq per year.

Hot Chili LimitedJun 14, 2026

Press Releases

PRESS RELEASE

Shallow High-Grade Cu-Au Results Continue at La Verde

Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce further strong drill results from its La Verde copper–gold (Cu-Au) porphyry discovery, located 30 km south of the Company's Costa Fuego Cu-Au Project ("Costa Fuego" or "the Project") planned central processing hub in Chile's coastal Atacama region.

Yahoo Finance2/16/2026
PRESS RELEASE

Hot Chili Closes A$40 Million Private Placement to Accelerate Next Leg of Growth for Costa Fuego Copper-Gold Project, Coastal Chile

Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce that it has closed its previously announced placement (the "Placement") of shares to institutional, professional, and other investors consisting of the issue of 24,242,425 new fully paid ordinary shares ("Shares") at an offer price of A$1.65 (C$1.56) per Share for aggregate gross proceeds of approximately A$40 million.

Yahoo Finance2/13/2026
PRESS RELEASE

Hot Chili Arranges A$40 Million Funding to Accelerate La Verde into Expanded Feasibility for the Costa Fuego Cu-Au Project, Coastal Chile

Hot Chili Limited (ASX: HCH) (TSXV: HCH) ("Hot Chili" or the "Company") is pleased to announce that it has successfully arranged a A$40 million private placement to institutional and professional investors through the issue of 24,242,425 new fully paid ordinary shares ("Shares") at an offer price of A$1.65 (C$1.56) per Share (the "Placement").

Yahoo Finance2/4/2026
PRESS RELEASE

Hot Chili (ASX:HCH) Valuation Check As La Verde Drilling Progress And Uptrend Draw Investor Attention

Follow on equity raising and why it matters for Hot Chili Recent technical work has picked out Hot Chili (ASX:HCH) as an uptrend on the ASX, just as the company advances drilling at La Verde and investors weigh a fresh A$40.1m follow on equity offering. See our latest analysis for Hot Chili. Those fresh drilling updates at La Verde, combined with the A$40.1m follow on equity offering, come after a 90 day share price return of 105.29% and a very large 1 year total shareholder return of...

Yahoo Finance2/2/2026
PRESS RELEASE

Hot Chili to Undertake a Capital Raising by Private Placement

Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce it has engaged joint lead managers to undertake a capital raising by way of a placement of shares to institutional, professional, and other investors to raise up to approximately A$40.0 million.

Yahoo Finance2/2/2026
PRESS RELEASE

Is Hot Chili’s (ASX:HCH) 4D Modelling Shift Quietly Rewriting Costa Fuego’s Mine-Life Story?

In January 2026, Hot Chili released its first 2026 drilling update from the La Verde copper-gold discovery in Chile, outlining how new diamond drilling and a 4D litho-structural model may refine future open-pit target design and potential mine scheduling for the Costa Fuego project. An interesting aspect of this update is Hot Chili’s use of advanced impact and 4D geological modelling to assess how La Verde could add open-pit material to the front end of Costa Fuego’s 20-year mine plan and...

Yahoo Finance2/1/2026
PRESS RELEASE

Hot Chili Quarterly Report - Period Ending 31 December 2025

Hot Chili Quarterly Report - Period Ending 31 December 2025

Yahoo Finance1/30/2026
PRESS RELEASE

Rapid Growth of High Grade Core Continues at La Verde

Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to provide 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 ("Costa Fuego" or "the Project") planned central processing hub in Chile's coastal Atacama region.

Yahoo Finance1/20/2026
PRESS RELEASE

Is Hot Chili (ASX:HCH) Turning Cortadera’s Funding Challenge Into a Strategic Test for Investors?

Hot Chili Limited recently reported an earnings update showing ongoing losses linked to its exploration-stage operations, sharpening focus on the funding needs of its flagship Cortadera copper-gold project in Chile. The update has shifted attention toward how management plans to address project financing and development risk, with future milestones, drilling results, and permitting progress now central to investor sentiment. We’ll now examine how these funding concerns around Cortadera shape...

Yahoo Finance1/15/2026
PRESS RELEASE

A Look At Hot Chili (ASX:HCH) Valuation As Costa Fuego Nears Feasibility And Potential Production

Why the latest Costa Fuego update is drawing attention A recent video collaboration reviewing Hot Chili (ASX:HCH) and its Costa Fuego copper gold project has put the spotlight on the company’s progress toward definitive feasibility studies and preparation for potential near term production. See our latest analysis for Hot Chili. That collaboration spotlight comes after a strong run in the share price, with a 30 day share price return of 48.43% and a 1 year total shareholder return of 142.65%,...

Yahoo Finance1/7/2026

Quick Facts

Ticker Symbol
HCH.V
Market Cap
Small Cap
Category
Copper
Commodities
Copper

This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.

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