Proven ProbableTag: Christian Easterday
Hot Chili Limited (ASX code HCH) (“Hot Chili” or “Company”) is pleased to confirm the addition of an exciting new land holding, named Santiago Z, to the Company’s Costa Fuego copper development in Chile.
The Directors of Hot Chili are pleased with the addition of Santiago Z to its exploration pipeline and the cooperation of its partners in Chile to further consolidate and strengthen the potential scale of the combined Costa Fuego copper development.
Further updates and new assay results from the Company’s 40,000m drilling programme at Cortadera are expected to be released shortly.
Highlights
A new landholding named Santiago Z has been consolidated by Hot Chili, 5km south of its world-class Cortadera copper-gold discovery in Chile
Santiago Z contains a large historical soil molybdenum anomaly that is more than twice the size and four times the tenor of Cortadera’s soil molybdenum footprint
Exploration efforts by Hot Chili over the past 6 months have confirmed Santiago Z as a large-scale copper porphyry footprint, which has never been drill tested
Copper-bearing hydrothermal breccias and porphyry intrusive stocks have been mapped in several locations coincident with the Santiago Z soil molybdenum anomaly
Detailed mapping and geophysics (IP/MT) is planned for the first half of 2021 in advance of first-pass drilling later in 2021
Assay results are pending for a large surface mapping and soil geochemical programme already completed in December and January across Santiago ZHot Chili Limited ACN 130 955 725
First Floor, 768 Canning Highway, Applecross, Western Australia 6153
PO Box 1725, Applecross, Western Australia 6953
P: +61 8 9315 9009
www.hotchili.net.au
Press Release
Corporate Presentation
Hot Chili Limited
Head Office (Perth)
First Floor, 768 Canning Highway,
Applecross, Western Australia 6153P: 08 9315 9009
RIU Explorers Conference Presentation Video
HCH Corporate Presentation Feb 2021
Cortadera Copper Project
Cortadera’s maiden Mineral Resource positions Hot Chili with the largest copper Mineral Resource and one of the largest gold Mineral Resources for an ASX-listed emerging company.
The Cortadera maiden Mineral Resource of 451Mt at 0.46% copper equivalent (CuEq) takes the total Mineral Resource estimate for Costa Fuego (Cortadera, Productora & El Fuego) to 724Mt at 0.48% CuEq for 2.9Mt copper, 2.7Moz gold, 9.9Moz Silver and 64kt molybdenum. Cortadera also contains a higher grade component of 104Mt at 0.74% CuEq, and this has strong potential to continue growing rapidly with further drilling.
Hot Chili Limited
ACN 130 955 725
ASX: HCH
Level 1, 768 Canning Highway, Applecross,
Western Australia 6153
P: +61 8 9315 9009
F: +61 8 9315 5004
www.hotchili.net.au
Categories
Welcome Back Copper
The price of copper has hit an 8 year high this morning at US$3.78/lb.
Copper is back to levels not seen since 2013, with the current market rally driven by = US stimulus driving economic + lower inventors + inflation expectations.
Source: Bloomberg
Hot Chili’s Costa Fuego copper resource in Chile is the largest copper resource held by an ASX-listed company, outside of the control of a major miner.
Costa Fuego’s resource stands at 2.9Mt of contained copper metal, 2.7Moz gold, 9.9Moz Silver and 64kt molybdenum (3.5Mt CuEq metal).
The Company looks forward to an exciting year of news flow from an aggressive, fully funded, 40,000m drilling programme which aims to establish Costa Fuego as the only Tier-1 copper developer on the ASX.
A strong period of news flow has begun and the Directors look forward to providing regular updates on our multiple activity streams.
Cortadera Copper Project
Cortadera’s maiden Mineral Resource positions Hot Chili with the largest copper Mineral Resource and one of the largest gold Mineral Resources for an ASX-listed emerging company.
The Cortadera maiden Mineral Resource of 451Mt at 0.46% copper equivalent (CuEq) takes the total Mineral Resource estimate for Costa Fuego (Cortadera, Productora & El Fuego) to 724Mt at 0.48% CuEq for 2.9Mt copper, 2.7Moz gold, 9.9Moz Silver and 64kt molybdenum. Cortadera also contains a higher grade component of 104Mt at 0.74% CuEq, and this has strong potential to continue growing rapidly with further drilling.
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Hot Chili Limited
Head Office (Perth)
First Floor, 768 Canning Highway,
Applecross, Western Australia 6153P: 08 9315 9009
Chili Limited website. www.HotChili.net.au
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Transcript
https://youtu.be/3yFYkwv4hJU
Joining us for a conversation is Christian Easterday the CEO of Hot Chili Limited, which has just released their Maiden Resource on a Wold-Class Cortadera Copper-Gold Discovery in Chili! The
Cortadera’s maiden Mineral Resource positions Hot Chili with the largest copper Mineral Resource and one of the largest gold Mineral Resources for an ASX-listed emerging company.The Cortadera maiden Mineral Resource of 451Mt at 0.46% copper equivalent (CuEq) takes the total Mineral Resource estimate for Costa Fuego (Cortadera, Productora & El Fuego) to 724Mt at 0.48% CuEq for 2.9Mt copper, 2.7Moz gold, 9.9Moz Silver and 64kt molybdenum.
The Cortadera also contains a higher grade component of 104Mt at 0.74% CuEq, and this has strong potential to continue growing rapidly with further drilling.The gold price forecast will be a driving catalyst, as a rising gold price will provide gold credits to allow Hot Chili’s organic growth. Find out why Rick Rule and Sprott have been early investors in Hoti Chili Limited.
TIMESTAMP:
:34 Introduction
4:00 Rick Rule commentary on investing Gold vs. Copper
6:42 What is the outlook Copper supply and demand fundamentals
12:22 The Cortadera Maiden Resource highlights
15:00 The Intangibles complimenting the Tangibles
24:37 Intermission
25:53 Gold Credits and Organic Growth
29:00 Fully Permitted/Licensed
31:54 What is the next unanswered, when can we expect results, and what determines success
36:04 What is the Capitals Structure for Hot Chili
39:00 How much cash is in the Treasury
41:40 Debt and Burn Rate
43:10 Who are the Major Shareholders for Hot Chili
46:35 What is the Float
48:15 What keeps Mr. Easterday up at night that we don’t know about
51:11 What did I forget to askHOT CHILI | ASX: HCH
Website: https://www.hotchili.net.au/
Corporate Presentation: https://bit.ly/2HxuYiG
Maiden Resource: https://bit.ly/31C79Nv
Contact Hot Chili:
P: 08 9315 9009
F: 08 9315 5004
E:admin@hotchili.net.auWebsite| www.provenandprobable.com
Call me directly at 855.505.1900 or email: Maurice@MilesFranklin.com
Precious Metals FAQ – https://www.milesfranklin.com/faq-maurice/
Mineral Resource
Corporate Presentation
Building a copper super hub in Chile – ASX: HCH
Hot Chili is one of the top ASX listed copper developers with a Leading Global Copper Project with 2.9Mt copper, 2.7Moz gold, 9.9Moz Silver and 64kt molybdenum – Costa Fuego
Hot Chili Limited (ASX.: HCH) ACN 130 955 725
First Floor, 768 Canning Highway, Applecross, Western Australia 6153
PO Box 1725, Applecross, Western Australia 6953
P: +61 8 9315 9009 F: +61 8 9315 5004
www.hotchili.net.au
