Hot Chili Ltd. (TSXV: HCH | OTCQX: HHLKF | ASX: HCH) has filed a National Instrument 43-101 technical report for its Costa Fuego copper-gold project in Chile. Wood Limited has prepared the preliminary economic assessment (PEA) for the project.
The PEA was prepared after Hot Chili’s 2016 study because of the addition of two satellite deposits, Cortadera and the San Antonio deposit, and the additional infrastructure required to transport the mineral resources to the proposed process plant at Productora.
The 2016 study was undertaken at a nominal plant throughput of 14Mtpa for a copper sulphide process plant and a 3.3Mtpa nominal throughput for the oxide heap leach process facility. This PEA considers a 20Mtpa nominal plant throughput for a copper sulphide process plant and 3.3Mtpa of oxide feed to be processed via a crushing-agglomeration-heap leach circuit coupled with a SX/EW plant producing up to 10Kt/a of copper cathode (increasing to 12Kt/a in Year 8).
The report titled “Costa Fuego Copper Project NI 43–101 Technical Report Preliminary Economic Assessment” and dated August 2023, with an effective date of 28 June 2023, was prepared pursuant to National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101).
According to the report, Hot Chili aims to deliver a pre-feasibility study by H2 2024 to incorporate the recent, current, and planned drilling and exploration, testwork into the process plant, and associated project infrastructure. It also aims to have a mineral resource upgrade in Q4 of 2023.
For further information, please visit: www.hotchili.net.au
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