Hot Chili Adds La Verde Cu Mine to its Costa Fuego Coastal Copper Hub, Drilling Underway
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Hot Chili Limited has entered into an Option Agreement to acquire a 100% interest in the La Verde Copper Mine, expanding its Costa Fuego Coastal Copper Hub in Chile. A 4,000m drill program has commenced, and key project studies are set for release in Q1 2025.
November 11, 2024 | 12:15 pm
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Hot Chili Limited has acquired an option for the La Verde Copper Mine, enhancing its Costa Fuego project. This strategic move could increase the company's copper resource base and future production potential.
The acquisition of La Verde Mine is a strategic expansion for Hot Chili, potentially increasing its copper resource base. The commencement of drilling and upcoming project studies could positively impact investor sentiment and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100