Projects

Chilean Copper Deposits

We aim to consolidate our copper deposits to form the Costa Fuego Project – a major copper mining hub in Region III on the Chilean coastal range. The centerpiece of our Chilean copper mining portfolio is the Cortadera deposit, and we believe it may be one of the most significant copper-gold discoveries of the past decade in Chile. Prior to our acquisition of Cortadera, Hot Chili’s primary focus was the development of our large-scale Productora copper-gold deposit.  By combining Productora and Cortadera – lying just 14km apart and within 50km of port – Costa Fuego embodies 2.9Mt of Copper and 2.7 million ounces of gold and is one of the lowest altitude, major copper developments in the Americas.

Finally, our El Fuego copper deposits encompass two historic Chile copper mines (San Antonio & Valentina). These mines were two of the highest-grade underground mines in the region. During the past 50 years, however, these sites saw little in the way of modern exploration, and the mining done at these sites was based on outdated modelling. Located just 5km from the Cortadera deposit, El Fuego is also in a prime location for resource sharing and incorporation into the Costa Fuego project.