A New Copper Supplier Is Coming
Stock Codes:
ASX: HCH, TSXV: HCH, OTCQX: HHLKF
Company Exposure:
Copper
Project Location:
Chile
Hot Chili Limited aims to build shareholder value through the growth and development of its Costa Fuego Copper Project located in a low elevation, accessible region of northern Chile.
With substantial mineral resources already defined, and drilling set to commence on new targets, Hot Chili provides substantial leverage to the copper price due to the size, quality, and location of its resource base.
Project Highlights
Preliminary Economic Assessment (Released Q2, 2023) Cements Costa Fuego as One of the World’s Lowest Capital Intensity, Major Copper Developments
Strong financial results using 8% discount rate & long-term US$3.85/lb copper & US$1,750/oz gold prices
Rare Development Setting – Significantly Lowering Economic Hurdles
Low elevation with advanced permitting, one of only a few global copper development projects at low elevation with a water permit and power connection
Top 10 Undeveloped Copper Resource (S&P 2022)
Costa Fuego indicated resource of 725Mt grading 0.47% CuEq2, and inferred resource of 202Mt grading 0.36% CuEq2
Binding Investment Agreement with Osisko Gold Royalties
Execution of binding investment agreement for US$15M (June 2023) is planned to fully fund the next 12 to 18 month growth and development phase