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About Us — Chilean Copper Company

Hot Chili Ltd (ASX/TSXV: HCH, OTCQX: HHLKF) is well positioned to benefit from the looming structural shortfall in the most critical commodity of them all – copper.  The Company aims to build shareholder value through the growth and development of its high-quality Costa Fuego copper project, located in a low elevation and accessible region of northern Chile.  Costa Fuego is rated by S&P Global Market Intelligence (2022) as one of the top 10 “low risk” undeveloped copper projects globally.

 

With substantial mineral resources already defined and an active drill program testing new targets underway, Hot Chili provides substantial leverage to the copper price due to the size, quality and low economic hurdle location of its resource base. Costa Fuego has an Indicated Resource of 2.8 Mt Copper, 2.6 Moz Gold and 67 Kt of Molybdenum (within 725Mt) and Inferred Resource of 0.6 Mt Copper, 0.4 Moz Gold and 13 Kt Molybdenum (within 202 Mt).

 

Hot Chili recently obtained secondary listings on the TSXV and OTCQX to better align with the exchanges of its global copper peer group.  The Company aims to narrow the relative valuation gap between large Australian copper developers and their North American listed peers, particularly as the general market starts to appreciate the medium term structural deficit in copper – the critical commodity – and the copper price required to incentivize new production.

Our Mission

Hot Chili has three key copper projects—Cortadera, Productora, and El Fuego—all located in close proximity to one another. In developing these projects, our copper exploration and development company seeks to create a new mining hub on the coastal range of Chile called Costa Fuego. We believe this kind of project portfolio is unique among junior copper mining companies.

Key Projects

The Company’s Costa Fuego Project boasts an Indicated Resource of 2.8 Mt Copper and 2.6 Moz Gold and Inferred Resource of 0.6 Mt Copper and 0.4 Moz Gold. Hot Chili completed a 47 km Resource definition drilling program at its Cortadera deposit, which upgraded the maiden Mineral Resource Estimate (MRE) with a second MRE in March 2022. This upgrade contributed to a 67% increase in the total Costa Fuego Indicated Resource in less than 18 months.

 

The asset is ideally located with respect to infrastructure; the planned concentrator is less than 55km away from a significant port and seawater pipeline intake, for which Hot Chili already has permits granted. The Project is 18km from a major power substation and both Productora and Cortadera can access to the dual-lane Pan American Highway directly, as well as the significant mining town of Vallenar, only 17km to the north.

 

After more than a decade of exploration and project acquisition in the region, Hot Chili has conducted over 422 km of drilling across Costa Fuego and a recently released Preliminary Economic Assessment (PEA) confirmed its credentials as a low-risk, long life copper project benefiting from a low start-up capital and a high annual copper equivalent metal production profile of over 100 kt for a 16-year mine life, including 95 kt copper and 49 koz gold during primary production (first 14 years) at C1 Cash Cost  of US$1.33/lb (estimated net of by-product credits).

Our Team

Hot Chili is led by an experienced management team that imparts confidence in its ability to become a major player in the copper industry. Our executives, directors, and technical staff are based in Australia and Chile. Together, they have many decades of experience in the copper mining industry, particularly in Chile and Latin America.

Christian Easterday, CEO and managing director, is an exploration geologist and leader with 20 years of experience working in top-tier companies worldwide.

Grant King, COO, is a mining engineer with over 20 years of experience in the mining industry, including 10 years consulting in tier-1 engineering firms.

Jose Ignacio Silva, country manager in Chile and Executive Vice President, combines his 15 years of global legal experience with chief geologist Andrea Aravena, who has more than 14 years of experience in the Chilean mining industry, and leads the field team to effectively and efficiently deploy capital into the ground.

Along with additional experts, such as Dr. Steve Garwin (chief technical advisor), Dr. John Beeson (lead structural geologist) and Elizabeth Haren (resource development), the management team has all the right skills to lead Hot Chili to success.