Copper miner Hot Chili Ltd sees best day in 2 weeks on drilling results

Hot Chili

13/01/2022 03:11

** Miner's shares  HCH.AX  rise as much as 6.2% to A$1.80,
biggest intraday pct gain since Dec. 29
    ** Company says https://www.asx.com.au/asxpdf/20220113/pdf/454yy62syjjy5p.pdf
 drilling results from its Cortadera copper-gold deposit in
Chile confirms growth of "shallow resources"
    ** A resource upgrade this quarter and a combined
pre-feasibility study in Q3 will position Costa Fuego, HCH's
coastal copper development in Chile, as a production
front-runner, company says
    ** Stock hits highest since Jan. 5; marks third consecutive
session of gains
    ** HCH down ~3.1% YTD, as of last close

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))