Tag Archives: #investingInChili

$25.6M Institutional Placement to Secure Cortadera Copper-Gold Discovery and Accelerate Drilling

Highlights

Successful A$25.6M private placement led and supported by several of Australia’s top resource funds

New funds satisfy next acquisition payment of US$10M for the Cortadera copper-gold discovery in Chile, ensuring 100% control is maintained

An aggressive 40,000m Phase-4 drill programme at Cortadera is now fully funded for 2021 and set to be significantly accelerated to five shifts of drilling per day using three drill rigs

Expansion drilling at Cortadera has recorded a second 500m wide intersection of porphyry mineralisation – results pending

Resource upgrades over the next 12 months expected to add significantly to the Company’s combined Costa Fuego development, currently standing at 2.9Mt copper, 2.7Moz gold, 9.9Moz silver and 64kt molybdenum (as announced to ASX on 12th October 2020)

This announcement is authorised by the Board of Directors for release to ASX.
For more information please contact:
Christian Easterday
Managing Director
Tel: +61 8 9315 9009
Email: christian@hotchili.net.au
or visit Hot Chili’s website at www.hotchili.net.au