About Us — Chilean Copper Company
Hot Chili is a copper company listed on the Australian Stock Exchange (HCH:ASX). Our focus is copper exploration and development in Chile’s Atacama Region, and we aim to be one of the largest copper companies operating in the area.
Hot Chili has three key high-grade copper projects—Cortadera, Productora, and El Fuego—all located in close proximity to one another. In developing these projects, our copper mining company seeks to create a new Chilean mining hub called Costa Fuego. We believe this kind of project portfolio is special among junior copper mining companies.
The centerpiece of our copper company’s ambitious discovery program is our Cortadera copper-gold project. In addition to Cortadera, our Productora copper-gold project entered production in 2020 through a partnership agreement with Chilean government-owned ENAMI, and our El Fuego project encompasses two historic high-grade copper mines.
Until February of 2019, when Hot Chili entered into an agreement to acquire a 100 percent interest, Cortadera was privately owned and little was publicly known about the discovery. Since acquiring Cortadera, our Chile copper company has engaged in an aggressive discovery program. Our drill results already include six world-class copper-gold intersections in a single zone of mineralization. We believe that Cortadera may be one of the most signficant copper discoveries of the last decade.
Cortadera’s Maiden Mineral Resource (+0.25% CuEq) of 451Mt at 0.46% copper equivalent (CuEq) takes the total Mineral Resource estimate for Costa Fuego to 724Mt at 0.48% CuEq for 2.9Mt copper, 2.7Moz gold, 9.9Moz Silver and 64kt molybdenum.The Cortadera Maiden Mineral Resource includes a higher grade component (+0.6% CuEq) of 104Mt at 0.74% CuEq.
Productora is a large-scale, advanced stage copper-gold project. To date, there has been approximately US$100 million of investment at Productora, and the project is estimated to have probable reserves of 166.9 million tonnes grading 0.43% Cu, 0.09g/t Au and 138 ppm Mo. With our ongoing development of Productora, along with Cortadera and El Fuego (discussed below), Hot Chili aims to be one of the top copper mining companies in the area.
Hot Chili has a majority interest in the El Fuego copper project. The property encompasses two historic underground mines—San Antonio and Valentina. At one time, these were two of the highest grade copper mines in the region. Both sites, however, were under private ownership for 50+ years, and modern exploration of these copper companies was minimal.
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. They are backed by the support of an impressive consulting and advisory team, which includes the likes of Dr. Steve Garwin, a copper and gold porphyry expert who played an instrumental role in identifying the potential for a major copper-gold discovery at Cortadera, and whom is leading the exploration efforts at our Chile copper projects.