Hot Chili Limited · ASX:HCH
Hot Chili — RIU Fremantle Explorers Conference 2020
29 slides from Hot Chili's conference presentation, Feb 19, 2020
Slide 1: Cortadera: A New World-Class Copper-Gold Porphyry Discovery
For personal use only Cortadera A New World-Class Copper-Gold Porphyry Discovery 18-20th February 2020 The Esplanade Hotel Fremantle Gold Copper ASX code: HCH
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 Los Losas Port (CAP) Seawater Pipeline Easement Vallenar Regional Granitoids Power Transmission Line Easement Valentina Productora Cop
Slide 6: Cortadera - A World-Class Copper-Gold Discovery
Cortadera - A World-Class Copper-Gold Discovery For personal use only • In December Hot Chili delivered one of the best copper-gold drill results globally for 2019 • 972m grading 0.5% copper and 0.2g/t gold from surface (including 412m grading 0.7% copper and 0.3g/t gold) • Five world-class Cu-Au dr
Slide 7: Leading Global Copper-Gold Discovery
Leading Global Copper-Gold Discovery Five of the World’s Best Cu-Au Drill Results Recorded Since Jan 2018 For personal use only Project Name Company Country Hole ID From (m) To (m) Interval (m) Cu (%) Au% Altar Aldebaran Resources Inc Argentina ALD-18-209 482 1,537 1,055 0.5 0.2 Cascabel SolGold Plc
Slide 8: Set to Hold One of the Largest Cu-Au Inventories Globally in the Hands of a Junior
Set to Hold One of the Largest Cu-Au Inventories Globally in the Hands of a “Junior” For personal use only Capital Structure Largest Shareholders Issued Shares 1,687,083,087 Current KAS & Blue Spec Group Share Price A$0.03 (17th Feb 2020) Taurus Funds Entities 15% Mkt Capitalisation A$50.6 M Explora
Slide 9: One of the Top Performing ASX stocks of 2019
One of the Top Performing ASX stocks of 2019 Initial Re-rate But No Discovery Premium…Yet For personal use only CRP0017D CRP0020D Share Price 12 months CRP0029D New High Grade Zone CRP0011D Discovery hole - CRP0013D 3.0c Cortadera Deal 1.0c Volume Traded 12 months Hot Chili Presentation 9
Slide 10: Feb 2019 Deal to Acquire Major Private Copper-Gold Discovery - Cortadera
Feb 2019 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 3
Slide 11: Cortadera - Drilling Delivers!
Cortadera – Drilling Delivers! For personal use only ▪ February 2019 – Cortadera deal announced Diamond drilling at Cortadera, Feb 2020 following two year negotiation ▪ April 2019 – Hot Chili drilling commences ▪ July 2019 – Large High Grade Zone discovered and first Cortadera payment made • Aug – J
Slide 12: Four Porphyry Centres Discovered
Four Porphyry Centres Discovered For personal use only Refer to ASX Announcements “Hot Chili Confirms Rapid Growth of Cortadera Cu-Au Discovery” (7th Feb 2020) Hot Chili Presentation 12
Slide 13: Cuerpo - The Main Porphyry Rapid Growth Confirmed
Cuerpo 3 – The Main Porphyry Rapid Growth Confirmed For personal use only ▪ Currently drill testing southern extension ▪ DIMMENSIONS GROWING ▪ Extends from surface ▪ Open to North and South and at depth Refer to ASX Announcements “Hot Chili Confirms Rapid Growth of Cortadera Cu-Au Discovery” (7th Fe
Slide 14: Cortadera Copper Model Feb 2020
Cortadera Copper Model Feb 2020 For personal use only Looking North Refer to ASX Announcements “Hot Chili Confirms Rapid Growth of Cortadera Cu-Au Discovery” (7th Feb 2020) Hot Chili Presentation 14
Slide 15: Bulk Tonnage High Grade from Surface & at Depth
Bulk Tonnage High Grade from Surface & at Depth For personal use only ▪ Shallow High Grade Chalcocite zones growing ▪ High grade core at Cuerpo 3 growing ▪ +1.2km vertically extensive porphyry column and open to expand Looking West Refer to ASX Announcements “Hot Chili Confirms Rapid Growth of Corta
Slide 16: Cuerpo High Grade Core - Robust & Growing
Cuerpo 3 High Grade Core- Robust & Growing For personal use only Average Grade Ranges 0.7% - 0.9% Copper & 0.3 – 0.4g/t Gold Large Underground development option adds to Open Pit potential Favourable grade range to reserve grade of other large underground copper mines - ▪ Cadia East (Newcrest) Austr
Slide 17: Cortadera 4D Geological Model Reveals Large Growth Controls
Cortadera 4D Geological Model Reveals Large Growth Controls For personal use only Geology Model (Plan View) Geology Model (Cross Section View) Distal skarn Oldest A A’ Proximal skarn Host Early mineralised porphyry Porphyry Early-intra mineralised porphyry Late N-S porphyry Proximal Late mineralised
Slide 18: Cortadera Key Vectoring Datasets: Growth Potential Becoming Clear
Cortadera Key Vectoring Datasets Growth Potential Becoming Clear A&B Porphyry Vein Abundance Model & IP For personal use only Molybdenum Model (Plan View) Chargeability (Plan View) Strong Growth Potential in Cortadera Late N-S N-S porphyry dyke corridors porphyry North Target dykes Cuerpo 3 Cuerpo 2
Slide 19: Cortadera Key Vectoring Datasets: The Top of a Larger System
Cortadera Key Vectoring Datasets The Top of a larger System For personal use only Long Section displaying Molybdenum Model B B’ Cuerpo 1 Cuerpo 2 Cuerpo 3 +50ppm moly +40ppm moly Large Moly halo +30ppm moly open and getting +20ppm moly 1.2km Looking NE stronger at depth +10ppm moly Hot Chili Present
Slide 20: Cortadera Key Vectoring Datasets: Vein Intensity Increasing at Depth
Cortadera Key Vectoring Datasets Vein Intensity Increasing at Depth For personal use only Long Section displaying A/B Vein abundance B B’ Cuerpo 1 Cuerpo 2 Cuerpo 3 10% vein abundance 5% vein abundance +3% vein abundance Have we found the “actual” +2% vein abundance 20 1.2km high grade core yet? Not
Slide 21: Hallmarks of a Premier Cu-Au Porphyry Discovery
Hallmarks of a Premier Cu-Au Porphyry Discovery For personal use only Long Section displaying Cu model B B’ Cuerpo 1 Cuerpo 2 Cuerpo 3 CRP0040D +0.4% copper +0.3% copper +0.2% copper +0.1% copper Potential for CRP0040D porphyries to At approx. 900m depth Min porphyry from 350m join at depth 1,100m p
Slide 22: Major Step-out Drilling Underway
Major Step-out Drilling Underway- Cuerpo 3 North Cuerpo 3 For personal use only Cuerpo 3 CRP0041 ▪ Large IP/MT anomaly located 500m Currently at 360m depth North north of Cuerpo 3, never drill tested Proximal skarn intersected across entire CRP0041 hole ▪ First of 6 deep RC drill holes is complete,
Slide 23: 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 Refer to ASX Announcements “Cortadera Cu-Au Discovery Potential Lifting” (24th July 2019) Ho
Slide 24: Part of a Much Larger Porphyry System
Part of a Much Larger Porphyry System ▪ Access and platform clearing scheduled to commence at Cortadera North in March For personal use only ▪ 4 Deep RC/DD holes planned to provide first scout drill testing once access is complete IP Chargeability inversion model Cortadera North Surface Mo anomaly C
Slide 25: ASX-listed Copper-Gold Discoveries Gaining Attention
ASX-listed Copper-Gold Discoveries Gaining Attention CRP0020D (best follow-up hole) For personal use only CRP0013D (HG Discovery hole) 972m @ 0.5% Cu, 0.2% Au 750m @ 0.6% Cu, 0.2% Au • Cortadera Discovery Share Price 12 months • + $40M Mkt Cap growth since discovery drill result Cortadera Hot Chili
Slide 26: Next Drill Results
Next Drill Results 1. First results for CRP0040D- Southern extension of Cuerpo 3 For personal use only Still drilling - Mineralised porphyry intersected from approx 350m to 850m depth down-hole so far. Planned to extend to 1,100m depth 2. First results for CRP0041 – First hole across Cuerpo 3 North
Slide 27: Accelerating Toward First Resource for Cortadera this Year
Accelerating Toward First Resource for Cortadera this Year Testing Cortadera’s Magnitude – Tier 1? For personal use only 1. Expansion of largest porphyries Double-shift DD drilling underway since mid January 2. Drill testing of Cuerpo 3 North target First of six deep RC/DD drill holes underway 4. Fi
Slide 28: 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 29: 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 29