Announcement - Entitlement Offer Fully Subscribed

Core Viewpoint - Hot Chili Limited successfully completed a fully subscribed entitlement offer, raising A$14.1 million to support its Costa Fuego Project and other strategic initiatives [2][3][4]. Group 1: Entitlement Offer Details - The entitlement offer was structured as a pro-rata non-renounceable offer of 2 new shares for every 13 shares held, at an issue price of A$0.60 per share [2][4]. - A total of 23,648,329 new shares were validly applied for, raising A$14,188,997 before costs [5][7]. - The offer closed on September 2, 2025, and the new shares will be issued on September 9, 2025 [4][5]. Group 2: Use of Proceeds - Proceeds from the entitlement offer will fund the completion of asset-level strategic partnerships, diamond drilling at La Verde, and ongoing development studies [3][7]. - The funding will also support general working capital needs for the company [3][7]. Group 3: Market Response and Future Plans - The entitlement offer received strong demand from shareholders in Australia, Canada, and other international jurisdictions [3][7]. - The successful fundraising is seen as a validation of the Costa Fuego Project, which is one of the few large-scale copper projects with near-term production timelines [4][7].