Hot Chili Limited
Hot Chili's 100%-owned Costa Fuego copper-gold project in Chile's coastal Atacama region has a completed Pre-Feasibility Study (US$1.2 billion after-tax NPV8%, 19% IRR) and maiden mineral reserve, with a Definitive Feasibility Study now under way -- backed by an A$40 million capital raise completed in 2026 -- targeting first production before the end of the decade.
Lifecycle Milestones
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
Managing Director and Chief Executive Officer of Hot Chili Limited, and a founding Director; has led the company since its ASX listing in 2010. Geologist with more than 17 years of experience in mineral exploration and mining, having held senior leadership and exploration management roles at Placer Dome, Hill 50 Gold and Harmony Gold. Holds an honours degree in geology from the University of Western Australia, a master's in Mineral Economics from Curtin University of Technology, and an MBA from Curtin's Graduate School of Business.
Non-Executive Chair of Hot Chili Limited, appointed May 2025. International mining professional with more than 32 years' experience across Australia, Mexico and New Zealand. Progressed through geology ranks to Geology Manager before 15 years in project development and general operations management, including five years as a C-level executive. Most recently Executive Vice President - Australasia at Gold Fields, managing regional operations producing more than 1 million ounces of gold annually and previously General Manager of the Granny Smith Mine. Holds a Master of Science (Geology) from the University of Canterbury, New Zealand.
Chief Financial Officer of AuMEGA Metals Ltd. Chartered Accountant with 16+ years' experience, including 10 years in audit at Grant Thornton and a role as Finance Director at Automic Group; expertise in strategy, compliance, governance, and risk management.
Executive Vice President, Chief Legal Counsel and Country Manager (Chile) of Hot Chili Limited. Leads Chilean legal, permitting and water-infrastructure strategy for the Costa Fuego copper-gold project, including the company's desalinated-water plans for the Huasco valley. Holds graduate degrees from University College London and the University of Chile.
Chief Operating Officer of Hot Chili Limited. Extensive mining-engineering and operational-leadership background, including as Principal Mining Engineer at Wood plc, Specialist Mining Engineer at Coffey Mining, and Senior Mining Engineer at RPM Global.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Glencore is Hot Chili's largest shareholder at roughly 7.5-10%, on the register since 2021, with board representation rights, a seat on the Costa Fuego technical steering committee and an offtake agreement covering 60% of the project's future copper concentrate for eight years. Glencore was among the three largest shareholders that took part in the A$40M placement Hot Chili closed in February 2026. No discretionary resource-specialist fund is visible on the register.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
We haven't parsed this company's PEA/PFS/FS recommendations yet — cut-off grade, mine life, DCF/NPV, and the report's own next-steps guidance are a planned research pass, not live data for every company yet.