“Strong local partnerships- Coldelco, CMP”
Project Advantages
Our projects share a range of advantages that promote success.
- Large, advanced projects
- Multi-commodity – copper, gold and molybdenum
- Sited in a premier mining country
- Excellent relationships with government
- Few regulatory encumbrances
- Well situated for operations
- Two operating copper mines
- Majority ownership
- Strong local partnerships
- Significant local shareholder
Large, advanced projects
Our projects are large and advanced. Our flagship project Productora is a large multi-commodity copper project with resource definition drilling delineating a resource over an initial 1.4km strike length, and further extensionsal drilling has recorded wide zones of multi-commodity mineralisation over some 2.5km.
Multi-commodity – copper, gold and molybdenum
Our multi-commodity projects create robust project economics and diversified investment for shareholders.
Significant credits of gold, molybdenum, uranium and cobalt will provide a competitive grade advantage to copper production costs.
Our multi-commodity projects create robust project economics and diversified investment for shareholders.
Significant credits of gold, molybdenum, and cobalt will provide a competitive grade advantage to copper production costs.
Sited in a premier mining country
Chile is one of the world’s premier mining countries, with a stable political regime and an established regulatory framework for exploration and exploitation.
Excellent relationships with government
We have established productive relationships with the Chilean government organisations, CCHEN and ENAMI (Empresa Nacional de Minería).
Well situated for operations
Our projects lie in Chile’s coastal cordillera, close to major infrastructure and at low altitude ― below 1,000m elevation.
Two operating copper mines
The Productora and Los Mantos projects have active copper mining operations. This confirms the presence of significant quantities of mineralisation and demonstrates the advanced nature of these projects. Hot Chili has allowed for limited mining concessions in its agreements.
Majority ownership
Hot Chili has executed several agreements comprising 65% joint venture option or 100% purchase option agreements over the projects. In Addition to this, Hot Chili (through it's subsidiary SMEAL), has also secured large tenement holdings in it's own right across available project extensions.
Strong local partnerships
Hot Chili has partnered with two of Chile’s largest local mining companies ― CODELCO and CMP. CODELCO (Corporación Nacional del Cobre de Chile) is the world’s largest copper producer. CMP (Compañía Minera del Pacífico) is Chile’s largest iron ore producer.
Significant local shareholder
CMP’s parent company, CAP (Compañía de Acero de Pacífico S.A) is a 5% shareholder in Hot Chili.