Hot Chili Limited · ASX:HCH
Hot Chili — Investor Presentation (November 2019)
28 slides from Hot Chili's investor presentation, November 2019
Slide 1: Cortadera: A Major New Copper-Gold Porphyry Discovery
For personal use only Cortadera A Major New Copper-Gold Porphyry Discovery Gold Copper ASX code: HCH November 2019
Slide 2: Disclaimer
For personal use only Disclaimer This Presentation is provided on the basis that neither the Company nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the Presentation and nothing contained in the Pr
Slide 3: One of the most significant copper-gold porphyry discoveries of the past decade in Chile
“One of the most significant copper-gold For personal use only porphyry discoveries of the past decade in Chile ” CORTADERA • Deal to acquire in Feb 2019 • Delivering world-class drill results by July 2019 Hot Chili Presentation 3
Slide 4: Consolidation of a Major Coastal Copper Hub in Chile
Consolidation of a Major Coastal Copper Hub in Chile For personal use only Cortadera Copper Project Productora Copper Project El Fuego Copper Project Hot Chili Presentation 4
Slide 5: Rare Development Setting - Low-Altitude Infrastructure Access & 50km to Port
Rare Development Setting - Low-Altitude Infrastructure Access & 50km to Port For personal use only Huasco Pan American Maintencillo Power Highway Substation Freirina Seawater Pipeline Los Losas Easement Vallenar Regional Port (CAP) Granitoids Power Transmission Line Easement 20km Radius Valentina Pr
Slide 6: Cortadera Delivering World-Class Drill Results - Open & Growing
Cortadera Delivering World-Class Drill Results- Open & Growing For personal use only • 864m grading 0.4% copper and 0.1g/t gold from 62m depth (including 348m grading 0.6% copper and 0.2g/t gold) • 750m grading 0.6% copper and 0.2g/t gold from 204m depth (including 188m grading 0.9% copper and 0.4g/
Slide 7: Largest ASX Cu Developer Fully Funded & Attention Growing
Largest ASX Cu Developer Fully Funded & Attention Growing For personal use only Capital Structure Largest Shareholders Issued Shares 1,667,018,044 Current KAS & Blue Spec Group Share Price A$0.034 (12th Nov 2019) Taurus Funds Entities 15% Mkt Capitalisation A$56.7 M Exploration Capital Mkt Capitalis
Slide 8: Share Price & Major News - Re-rate Underway
Share Price & Major News - Re-rate Underway CRP0020D For personal use only (Results CRP0017D Share Price Pending) 12 months CRP0011D New High Grade Zone Discovery hole - CRP0013D 3.4c Cortadera Deal Announcement 1.0c Volume Traded 12 months Hot Chili Presentation 8
Slide 9: Deal to Acquire Major Private Copper-Gold Discovery - Cortadera
Deal to Acquire Major Private Copper-Gold Discovery - Cortadera For personal use only ▪ Private discovery between 2011 and 2013 ▪ US$15M in drilling and exploration spent already (US$12M in drilling alone) ▪ 23,231m DD (HQ) half core retained ▪ HCH has option to acquire 100% interest over 30 months
Slide 10: Cortadera - First Months Delivers!
Cortadera – First 6 Months Delivers! For personal use only ▪ February 2019 – Cortadera deal announced following two year negotiation ▪ April 2019 – Hot Chili drilling commences 5,500m RC and DD drilling programme ▪ June 2019 – Decision to test for increasing grade 1,185m vertical DD hole on main por
Slide 11: Four Porphyry Centres Discovered
Four Porphyry Centres Discovered For personal use only Hot Chili Presentation 11
Slide 12: Initial Focus on New High Grade Zone Discovered at 400m Depth on Cuerpo 3
Initial Focus on New High Grade Zone Discovered at 400m Depth on Cuerpo 3 For personal use only CRP0013D 750m grading 0.6% copper and 0.2g/t gold from 204m depth including 188m grading 0.9% copper and 0.4g/t gold ▪ High grade sulphide Cu- Au mineralisation associated with flat dipping - high vein ab
Slide 13: Cuerpo - The Main Porphyry
Cuerpo 3 – The Main Porphyry For personal use only DIMMENSIONS of CUERPO 3 GROWING +600m strike 250m width +1,000m depth ▪ Extends from surface ▪ Open to North and South and at depth Refer to ASX Announcements “Drilling Set to test Magnitude of Cortadera Discovery” (11 th Nov 2019) Hot Chili Present
Slide 14: Large, High Grade Zone Discovered
Large, High Grade Zone Discovered Cross Section A For personal use only ▪ First 5 DD holes of phase 2 drill programme successful in defining initial high grade core at Cuerpo 3 ▪ Bulk tonnage grades toward 1% Cu and 0.5g/t Au • Potential large tonnage underground development with higher combined gra
Slide 15: Strong Continuity of High Grade Zone
Strong Continuity of High Grade Zone Cross Section B For personal use only ▪ CRP0019D – Results Pending Hole ends in 338m of mineralised & strongly mineralised porphyry ▪ CRP0020D – Results Pending 860m of mineralised & strongly mineralised porphyry from surface ▪ Big lift in open pit potential at C
Slide 16: High Grade Zone Open & Growing
High Grade Zone Open & Growing Cross Section C For personal use only ▪ CRP0017D extends new high grade zone 300m to the south of discovery hole CRP0013D ▪ High grade zone remains open with potential to extend across entire extent of Cuerpo 3 ▪ High grade core defined over 3 sections so far – set to
Slide 17: First Expansion Drilling Underway
First Expansion Drilling Underway For personal use only Cortadera 4D Geological Model ▪ Double-shift diamond drilling Intermediate Host testing extensions to largest Cuerpo 4 Porphyry (red) Cuerpo 1 porphyry centres Early Host - CRP0021 commenced Porphyry (pink) ▪ First holes directed towards northe
Slide 18: First Model of Cortadera Highlights the Discovery is Big & Remains Open
First Model of Cortadera Highlights the Discovery is Big & Remains Open For personal use only Cuerpo 4 >10ppm Moly - green >5% Qtz abundance – orange Host Porphyry phases- red + magenta Cuerpo 2 Cuerpo 1 Cuerpo 3 ▪ Cuerpo 2 and 3 have largest growth potential ▪ Does Cortadera join at depth like Solg
Slide 19: Cuerpo - Major Discovery Still in its Infancy & Not Closed-off
Cuerpo 3 – Major Discovery Still in its Infancy & Not Closed-off For personal use only A Molybdenum Model A’ Cu% in A Vein Abundance Model A’ Cu% in Drill Hole Drill Hole +100ppm +10% Moly +100ppm Isosurfaces A, B Vein Isosurfaces CRP0013D CRP0013D 750m @ 0.6% Cu, 750m @ 0.6% Cu, 0.2g/t Au 0.2g/t Au
Slide 20: Step-Change Growth - Cuerpo Nth
Step-Change Growth- Cuerpo 3 Nth ▪ High powered IP and MT Geophysical Survey identifies major coincident anomaly For personal use only located 500m north of Cuerpo 3 ▪ Never drill-tested and potential to near-double the size of Cuerpo 3 ▪ First drill testing planned to commence pre-Christmas, subjec
Slide 21: Cortadera North - Another Deposit?
Cortadera North – Another Deposit? ▪ Cortadera North target identified by historical work but never drill tested, For personal use only similar signature and size to Cortadera, located 2km north of Cortadera Hot Chili Presentation 21
Slide 22: Cortadera North - New Geochem & Mapping Confirm Look-alike Target
Cortadera North – New Geochem & Mapping Confirm “Look-alike” Target For personal use only ▪ Recent exploration by Hot Chili has confirmed the Cortadera North target ▪ First-pass, scout drilling programme planned to commence in early 2020 IP Chargeability inversion model Cortadera Cortadera +0.2% Cu
Slide 23: Cortadera is Characteristic of a Type II Porphyry Deposit
Cortadera is Characteristic of a Type II Porphyry Deposit For personal use only Type I: • Examples: • Early high-temperature potassic with magnetite and LS to IS assemblages • Significant Cu-(Au) formed early with magnetite • Late-stage HS with advanced argillic alteration less significant • These s
Slide 24: Other Recent ASX-listed Copper-Gold Discoveries Gaining Attention
Other Recent ASX-listed Copper-Gold Discoveries Gaining Attention For personal use only Alkane Resources Boda Discovery • Boda Discovery 502m @ 0.49g/t Au, 0.2% Cu announced end of Q3 • + $110M Mkt Cap growth since discovery drill result announced Stavely Minerals • Thursday Gossan HG Discovery anno
Slide 25: Drilling Catalysts - Next Months
Drilling Catalysts- Next 6 Months Testing Cortadera’s Magnitude – Tier 1? For personal use only 1. Define New HG Zone at Cuerpo 3 CRP0019D and CRP0020D assay results due shortly 2. Expansion of largest porphyries Drilling underway 3. Drill testing of Cuerpo 3 North target Set to commence with 2nd dr
Slide 26: Additional Catalysts in First Half of 2020
Additional Catalysts in First Half of 2020 For personal use only 1. Strategic funding discussions advancing well with several large groups Sternship Advisers appointed to manage corporate interest 2. Initial resource estimation for Cortadera planned to be undertaken in H1 2020 CRP0017D Hot Chili Pre
Slide 27: Qualifying Statements
Qualifying Statements Competent Person’s Statement For personal use only Exploration Results Exploration information in this Presentation is based upon work undertaken by Mr Christian Easterday, the Managing Director and a full-time employee of Hot Chili Limited whom is a Member of the Australasian
Slide 28: Hot Chili Limited
Hot Chili Limited For personal use only 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 28