hotchilli.net.au

Green Metal Rising:

Cortadera:
Big Vision in Big Copper

TSX.V: HCH | ASX: HCH | OTCQB: HHLKF

As seen on: BNNBloomberg

Investment Highlights

Tier 1: Mining Jurisdiction Chile (Low Altitude – 800m to 1,000m altitude (Coastal Range).

Costa Fuego Project a new senior copper development combining two large-scale, copper-gold resources (Cortadera and Productora, 14km apart) to create a leading low-altitude global copper player.

Major Exploration Drilling Programme in 22: Three drill rigs in operation, twelve large-scale copper porphyry targets being tested, further consolidation opportunities being pursued, strong assay news flow. 

Hot Chili Completes CAN$34 Million IPO Capital Raising (Dec'21): 100% ownership of the Cortadera copper-gold discovery complete and 18 months of funding secured to pursue and aggressive growth and development programme.

Major Resource Upgrade in Q1 22: 45,000m of drilling completed in 2021 at Cortadera. Significant resource upgrade expected to push Costa Fuegos resource base towards Tier-1 status.

Critical Infrastructure & Access: Easement for water/power & surface rights secured, 50km from port, Pan American Hwy, major power substation + Water Licence – Maritime concession approved in Dec 2020.

Glencore, one of the worlds largest Mining Companies and Metal Traders, took a 10 % stake in Hot Chili (Aug2021), and has added a representative to the Company's board.

Combined Pre-Feasibilty in 2H 22 to confirm a large open-pit and underground copper-gold mining operation able to take advantage of significant capital savings and low operating costs. 

One of Few Senior Copper Developments Not Controlled by a Major Mining Company at a time of strong copper price and increasing M&A, where new major sources of copper supply are rare.




Environmental: Next to major solar projects, sea water processing.

Social: Active community support programmes (orphanages) and local employer.

Government: Chilean Government agency (ENAMI) partnership in lease mining and processing at Productora, VAT refund approval.

Clean Concentrate: No arsenic.