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

Core Highlights - Hot Chili Limited announced strong drill results from its La Verde copper-gold porphyry discovery, located 30 km south of the Costa Fuego project in Chile's Atacama region [1] - Significant intersections include DKD036 recording 150 m grading 0.52% CuEq (0.37% Cu, 0.21 g/t Au) from 30 m depth and DKD035 recording 220 m grading 0.47% CuEq (0.37% Cu, 0.14 g/t Au) from 38 m depth [1][2] - The results indicate a higher-grade, near-surface copper-gold zone, which is expected to contribute positively to the financial metrics of Hot Chili's March 2025 Pre-Feasibility Study [1] Drill Results - DKD036 includes 38 m grading 0.70% CuEq (0.55% Cu, 0.21 g/t Au) from 117 m depth [1] - DKD035 includes 68 m grading 0.64% CuEq (0.52% Cu, 0.15 g/t Au) from 187 m depth [1] - The latest results are located up-dip from previously reported intersections, indicating potential for further resource expansion [1] Mineralisation and Recovery - Visual estimates from drillhole DKD039 show strong copper porphyry-style mineralisation with chalcopyrite abundance estimated to average greater than 1% [1] - Initial metallurgical testwork indicates recoveries of 83% Cu, 56% Au, 83% Mo, and 37% Ag, similar to those recorded at Costa Fuego [1] - The copper equivalent (CuEq) formula used for calculations incorporates various metal prices, including Cu at 4.50 USD/lb and Au at 3,150 USD/oz [1][2] Future Plans - The company plans to expand its Phase two drill program, with a second drill rig expected to commence shortly [1] - Further exploration activities are aimed at extending the mineralised footprint at La Verde, with drilling having commenced on September 22, 2025 [2]