Hot Chili Limited has unveiled promising exploration developments in Chile’s Atacama region, centered on its La Verde copper‐gold discovery, located just 30km south of the company’s central Costa Fuego project. Recent results have outlined a footprint of about 1,000 by 750 meters at La Verde, with multiple higher‐grade centers identified near the surface. The company's latest regional exploration efforts have spotlighted a series of look‐alike magnetic features adjacent to La Verde, suggesting the emergence of a larger, district-scale porphyry system. The breakthrough has been achieved through the integration of a 3D magnetic inversion model that revealed local circular magnetic low anomalies, along with 3D geochemical probability modeling based on advanced methods developed from the Yerington copper-gold deposit in Nevada. Three priority targets have been identified, two of which are concealed beneath shallow gravel cover, while one aligns with a geochemical anomaly approximately one kilometer to the northeast of La Verde. These converging data sets from independent geophysical and geochemical techniques add considerable technical confidence to the exploration potential. Building on these encouraging findings, the company is set to expand its drill program at La Verde. Phase-two drilling will both extend the current copper-gold discovery—still open at depth and along trend—and initiate first-pass tests of these additional targets. Regulatory progress is underway with a drill pad application expected to gain approval by September 2025, setting the stage for further exploration and potential resource expansion. The technical indicators, including detailed surface geochemistry, advanced magnetic surveys, and robust drilling methodologies, signal strong exploration potential. A rigorous quality control framework and independent validation through qualified professional oversight underpin the company’s confidence in these promising targets. Bullish sentiment arises from the integrated use of modern 3D modeling techniques and multi-disciplinary exploration strategies that point to a district-scale porphyry cluster, enhancing the prospect of substantial future resource growth. The planned drilling expansion and forthcoming regulatory approval also add to a positive near-term outlook for exploration progress. On the other hand, bearish considerations include the inherent risks of early-stage exploration, particularly with a significant portion of the new targets being “blind” areas obscured by gravel cover. Delays in regulatory approvals or unexpected technical challenges could postpone drilling timelines and affect the overall valuation. As with all mineral exploration ventures, the conversion of these promising indications into a commercially viable deposit remains to be seen.