Hot Chili Limited · ASX:HCH
Hot Chili — Investor Presentation (December 2021)
32 slides from Hot Chili's investor presentation, December 2021
Slide 1: Senior Copper Developer
Senior Copper Developer Big Vision in Big Copper December, 2021
Slide 2: Disclaimer
Disclaimer This document is for information purposes only and should not be considered a recommendation to purchase, sell or hold a security. This document does not constitute an offering memorandum or an offer or solicitation in any province or other jurisdiction in which an offer or solicitation i
Slide 3: Copper Central to Electrification Future
COPPER Central to Electrification Future Copper Price US$/lb Hot Chili Presentation 3 Cu Price as at 1st November 2021, Source: Tadeingeconomics.com
Slide 4: A Leading ASX Listed Copper Developer
A Leading ASX Listed Copper Developer Largest ASX Copper Resource Outside of the control of a major mining company 9.99% Investment Costa Fuego by Glencore in Cu-Au Copper Head Chile Hub(1) August Office 1.7 Mt (Ind) 1.5 Moz (Ind) 1.2 Mt (Inf) 1.2 Moz (Inf) Canadian Secondary Market Copper Gold IPO
Slide 5: Costa Fuego Copper Hub
Valentina Productora Costa Fuego Copper Hub • Largest coastal Cu-Au discovery San in Chile since Candelaria Antonio • One of the only Low-Altitude major copper plays in the Americas (800-1,000m elevation) Cortadera • Compatible metallurgy, good recovery, clean concentrate (no arsenic) Hot Chili Pres
Slide 6: Advanced Stage & Growing to Tier-1 Status
Advanced Stage & Growing to Tier-1 Status • Pre-feasibility Study anticipated 2H 2022, infrastructure access in-place • Major resource up-grade expected as a result of proposed work Hot Chili Presentation 6
Slide 7: Corporate Overview
Corporate Overview Capital Structure 34 Month Share Price Performance Issued Shares 87,549,450 Share Price A$2.05 (2 Dec 21) 4.7c Mkt A180 M (2 Dec 21) Capitalisation Share Mkt Capitalisation A$239 M Price (fully diluted) (incl Con Notes, Options, Cortadera Performance Rights) HG Core MRE1 Cash A$3.
Slide 8: Cortadera & Winu: One of Just Two Major Copper Discoveries
One of Just Two Major Copper Discoveries Recorded in the World since 2016 Cortadera & Winu Hot Chili Presentation 8
Slide 9: Rare Development Setting Low-Altitude Infrastructure Access & 55km to Port
Rare Development Setting Low-Altitude Infrastructure Access & 55km to Port(1) Cortadera (100%) (1) See slide 22 for complete Resource disclosure of the Projects Hot Chili Presentation 9
Slide 10: Metal & Grade of Top Copper Resources
Metal & Grade of Top Copper Resources • One of the few low-altitude, no arsenic, infrastructure-ready major copper resources Av CuEq% grade Av Cu% grade Reporting Cut-Off Grade (COG) See slides 27 and 28 for details of project resources displayed in the above Costa Fuego benchmark graph. Hot Chili P
Slide 11: Leading Project Development Attributes
Leading Project Development Attributes • Mature and Stable Mining Jurisdiction (ranked top 3 in Latin Am (Fraser Institute) – Chile • Low Altitude – 800m to 1,000m altitude (Coastal Range) • Clean Concentrate – No arsenic • Critical Infrastructure & Access – Easement for water/power & surface rights
Slide 12: A New Copper-Gold Cortadera Discovery
A New Copper-Gold CORTADERA Discovery • Deal to acquire 100% of Cortadera in Feb 2019 • Delivering compelling drill results by July 2019 • Maiden Resource Estimate announced Oct 2020 • 40,000m drilling underway • Major Resource Update due in Q4 2021 DD Pre-collar drilling, Cortadera – Feb 2021 Hot C
Slide 13: Leading Global Copper-Gold Discovery
Leading Global Copper-Gold Discovery Eight of the World’s Best Cu-Au Drill Results Recorded Since Jan 2018 (1) See slide 24, 25 and 26 for complete drilling disclosure Hot Chili Presentation 13
Slide 14: Potential to Get Big Quickly
Potential to Get Big Quickly • Big porphyry system being unlocked • Strong growth potential • 3 drill rigs operating, 5 shifts per day • Dr Steve Garwin leading HCH technical team FJOD-10 (52-54m), 1.3% Cu, 0.64g/t Au Refer to ASX Announcement “High Grade Copper-Gold Core Continues to Expand at Cort
Slide 15: Maiden Cortadera Mineral Resource
Maiden Cortadera Mineral Resource • 2.3 km long porphyry deposit, over 1km vertical ore column from surface, open in key directions, and emergence of high grade cores Cuerpo 1 Cuerpo 2 Cuerpo 3 1,000m RL +0.1% Cu +0.4% Cu Model Model 500m RL +1km 0m RL Cortadera Resource(1) High Grade Core (Ind) M+I
Slide 16: Resource Expansion - Two DD rigs 24/7
Resource Expansion- Two DD rigs 24/7 (1) See slide 24, 25 and 26 for drilling disclosure of the Projects Hot Chili Presentation 16
Slide 17: Why Test Deep? - Follow the Grade & Veins
Why Test Deep? - Follow the Grade & Veins Cortadera Cu-Au Discovery (HCH) Alpala Cu-Au Discovery (SOLG) Cuerpo 3 Vertical Cuerpo 2 Depth Cu % 600m +0.4% Cu Alpala High Grade Zone (+0.9% CuEq) Cu Eq% +0.1% Cu 442Mt grading 1.4% CuEq (0.9% Cu, 0.9g/t Au) Limited/ no drilling 1,300m CRP0013D 43,000m Dr
Slide 18: Next Growth Horizon Drilling in Q4 2021
Next Growth Horizon Drilling in Q4 2021 • New 3D Geochem targeting applied for first time across Costa Fuego • Productora Central - larger than Cuerpo 3 at Cortadera Refer to ASX Announcement “Costa Fuego Lifts Growth Horizon” (17th Sept 2021). Hot Chili Presentation 18
Slide 19: Large Corridor Cortadera Not Alone
Large Corridor Cortadera Not Alone • Cluster of Porphyry Targets • Santiago Z Larger footprint to Cortadera Drill access approval expected in Dec 2021 • Cortadera North Look-alike target being advanced Refer to ASX Announcement “Second Large Copper Porphyry System Confirmed 5km South of Cortadera” (
Slide 20: Building a Copper Major
Building a Copper Major Start Combined PFS – Q2/Q3, 21 Cortadera 100% Acquisition – Q3, 21 Second Market IPO and Listing - Started New Growth Target Drilling – Q4, 21 to Q2 22 Cortadera MR Upgrades – Q1, 22 & Q3 22 Costa Fuego PFS completion– Q3, 22 CRP0061D Core, Cortadera – Feb 2021 Refer to ASX A
Slide 21: Scientific and Technical Information (NI 43-101)
Scientific and Technical Information (NI 43-101) QUALIFIED PERSON All technical information in this document has been prepared by or under the supervision of Grant King, Chief Operating Officer of the Company. Mr. King is the "qualified person" for the purposes of NI 43-101. FURTHER INFORMATION For
Slide 22: Notes to Mineral Resource and Mineral Reserve Disclosure
NOTES TO MINERAL RESOURCE AND MINERAL RESERVE DISCLOSURE Mineral Reserves and Mineral Resources have been estimates as of the date shown. Mineral Resources are presented inclusive of Mineral Reserves. Numbers may not sum due to rounding Cortadera Project Resource and Productora Project Resource were
Slide 23: Productora Resource Inventory
Productora Resource Inventory (using +0.25% CuEq cut-off grade), March 2016 Productora Resource Grade Contained Metal Tonnes Mo Copper Classification (millions) CuEQ Cu % Au g/t ppm Eq Copper Gold Molybdenum (+0.25% CuEQ*) (Mt) (%) (%) (g/t) (ppm) (tonnes) (tonnes) (ounces) (tonnes) Measured 0 0 0 0
Slide 24: Details for Significant Drilling Results Contained in Presentation
DETAILS FOR SIGNIFICANT DRILLING RESULTS CONTAINED IN PRESENTATION Coordinates Hole Intersection Interval Copper Gold Silver Molybdenum Hole_ID Azim Dip North East RL Depth From To (m) (% Cu) (g/t Au) (ppm Ag) (ppm Mo) CRP0011D 6813925 336192.8 1027.481 45 -65 959.9 112 960 848 0.4 0.2 0.8 50 includ
Slide 25: Sampling, Analysis and Data Verification
SAMPLING, ANALYSIS AND DATA VERIFICATION A fixed cone splitter was used to create two nominal 12.5% samples (Sample "A" and "B"), along with the large bulk reject sample. The "A" sample is always taken from the same sampling chute, and comprises the primary sample submitted to the laboratory. The "B
Slide 26: Sampling, Analysis and Data Verification (Continued)
SAMPLING, ANALYSIS AND DATA VERIFICATION (CONTINUED) Hot Chili has strict chain of custody security procedures for all samples sent to and from the analytical laboratories. The ALS analytical laboratory in Coquimbo (Chile) completed all sample preparation and specific gravity test work, while ALS Sa
Slide 27: Details of Project Resources Displayed in Costa Fuego Benchmark Graph
DETAILS OF PROJECT RESOURCES DISPLAYED IN COSTA FUEGO BENCHMARK GRAPH Hot Chili Presentation 27
Slide 28: Details of Project Resources Displayed in Costa Fuego Benchmark Graph (Continued)
DETAILS OF PROJECT RESOURCES DISPLAYED IN COSTA FUEGO BENCHMARK GRAPH (CONTINUED) Hot Chili Presentation 28
Slide 29: Cortadera Core Farm, June 2021
Cortadera Core Farm, June 2021 Hot Chili Presentation 29
Slide 30: Drilling at Cortadera, July 2021
Drilling at Cortadera, July 2021 Hot Chili Presentation 30
Slide 31: Cortadera Field Operations July 2021
Cortadera Field Operations July 2021 Hot Chili Presentation 31
Slide 32: Cortadera Copper-Gold Porphyry Discovery
Hot Chili Limited ACN 130 955 725 ASX: HCH Level 1, 768 Canning Highway, Applecross, Western Australia 6153 P: +61 8 9315 9009 F: +61 8 9315 5004 www.hotchili.net.au Cortadera Copper-Gold Porphyry Discovery Hot Chili Presentation 32