Hot Chili Limited · ASX:HCH
Hot Chili — Mines and Money Hong Kong 2011
21 slides from Hot Chili's conference presentation, Mar 21, 2011
Slide 1: Chile - The next West Africa?
For personal use only Chile- The next West Africa? Uncovering Opportunity in a Premier Mining Country Mines and Money Hong Kong March 2011
Slide 2: Disclaimer
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 For personal use only Presentation and nothing contained in the Pr
Slide 3: Chile - A Mining Giant
Lima Chile- A Mining Giant N Peru Chile produces approximately 35% of global copper For personal use only production. Major producer of gold, silver, molybdenum, Arequipa cobalt and nitrate PACIFIC Bolivia World Class Mineral Endowment OCEAN • Andean Copper Porphyry Belt 500 km Escondido, Chiquicama
Slide 4: Chile - Hidden Opportunity
Chile- Hidden Opportunity Premier Mining Investment Destination For personal use only • Low sovereign risk- stable, moderate democracy • Attractive tax regime and mining royalty system • Excellent Infrastructure, mining services and mining culture Barriers to Entry • Original state-owned mining comp
Slide 5: Chile - The Next West Africa?
Chile- The Next West Africa? Growing Investment Shift to South America For personal use only • ~200 Australian mineral companies in Africa, 20 in South America • Chile- number 1 investment destination in South America • Opportunity for modern Australian style exploration to be applied in Chile Recen
Slide 6: Overview (1)
OVERVIEW (1) Large, Advanced Multi-Commodity Projects For personal use only Hot Chili Limited is an ASX listed company that has secured major interests in three of Chile’s largest and most advanced multi-commodity uranium projects. Three projects: • Productora • Los Mantos • Chile Norte Chile- Premi
Slide 7: Overview (2)
OVERVIEW (2) Capital Structure For personal use only 142.8 Million shares (59.4 Million restricted) Share price since listing 40.7 Million unlisted options (20c) 0.80 Cash at Hand 0.60 AU$ 7 million (Jan 2010) AU$ per share 0.40 Board and Management Murray Black- Executive Chairman 0.20 Christian Ea
Slide 8: Productora (1)
Productora (1) Commodity/Target Class • Cu, Mo, Au, U, Co, REE (IOCGU) For personal use only Location/ Partners Vallenar • Coastal Range (maximum 1,000m elevation) • Region III, 20km south of Vallenar Productora Mine Decline Portal • Adjacent to sealed road and rail, 40km to port Santiago • CMP- maj
Slide 9: Productora (2)
Productora (2) HCH- Accelerating Activity For personal use only • Soil programme outlines +4km radiometric footprint correlating with southern IP chargeability anomaly Vallenar • Positive surface results: Historical Exploration Results • 802ppm uranium, 8.39% copper, • 15.8g/t gold and 894ppm molybd
Slide 10: Productora (3)
Productora (3) Preliminary Interpretation First Drilling Results- Central Area Central Area For personal use only • 22 of 23 first-pass RC holes record significant Productora Mine (operating) intersections in wide vertical breccia zone Vallenar • 18 holes finish in mineralisation A B C D Santiago •
Slide 11: Productora (4)
A Productora (4) B Section 6822550mN 7m@2.65% Cu Eq* For personal use only 6m@0.98% Cu Eq* (0.75% Cu) 800m RL Vallenar 18m@0.92% Cu Eq* 16m@1.28% Cu Eq* (0.84% Cu) Mantos style Depth of Leaching 13m@1.19% Cu Eq* (0.91%Cu) Santiago + 0.5% + 0.7% Cu Cu 700m RL 13m@1.36% Cu Eq* Breccia style 116m@0.92%
Slide 12: Productora (5)
C Productora (5) D Section 6822380mN Depth of Leaching 800m RL For personal use only 56m@1.0% Cu Eq* (0.6% Cu) Open to end of hole Vallenar Open 700m RL Santiago Open 77m@1.0% Cu Eq* (0.6% Cu) Open to end of hole Interpreted Mantos Breccia Zone Open Open 600m RL Results Pending 42m Visual copper int
Slide 13: Productora (6)
E Section 6821900mN 4m@1.2% Cu Eq* F 26m@1.2% Cu Eq* (0.5% Cu) (0.7% Cu) 800m RL 17m@1.0% Cu Eq* 21m@1.0% Cu Eq* (0.6% Cu) For personal use only (0.7% Cu) 17m@1.1% Cu Eq* (0.4% Cu) Productora (6) Vallenar 8m@2.0% Cu Eq* Depth of (1.1% Cu) Leaching 33m@1.1% Cu Eq* (0.6% Cu) 700m RL Santiago 14m@0.7%
Slide 14: Productora (7)
Productora (7) For personal use only North UG Mine Access HCH drill holes (angled) Vallenar Santiago Mine drill holes (vertical) • 3D modeling underway • UG mine model acquired and incorporated • Mine drilling being utilised 12
Slide 15: Productora (8) - Long Section of Central Area
Productora (8) Long Section of Central Area For personal use only UG Mine Access HCH drill holes (angled) Vallenar Santiago First-pass results to date and diamond hole locations. 13
Slide 16: Productora (9) - Extensional Drilling Results
Productora (9) Extensional Drilling Results For personal use only • Significant drilling intersections now recorded Vallenar over 2.5km • Open further to the north and south • Correlating well with +6km of northern and southern IP chargeability anomalies Resource in-fill drill programme underway • 7
Slide 17: Los Mantos (1)
Los Mantos (1) Commodity/Target Class • Cu, U, Au, Mo, Co , REE (IOCG + mantos For personal use only /porphyry style) Location/Partners La Serena • Coastal Range (maximum 1,000m elevation) • Region IV, 58km south of La Serena Surface mine development at Los Mantos Santiago • Adjacent to sealed road,
Slide 18: Los Mantos (2)
Los Mantos (2) Historical Work • No previous drilling, 40 yrs of mining, orebody Sediments For personal use only exposed at surface over 2.5km strike HCH Work La Serena • Zoned metal distribution- uranium- molybdenum increasing at depth in southern Mantos zone Mineralisation Santiago Northern • Rece
Slide 19: Milestones Ahead
Milestones Ahead Productora For personal use only Los Mantos Chile Norte 2010 2011 2012 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Commence Trading on 4 drill rigs ASX operating Exploration Drilling Programmes Resource Drilling Programmes Resource Milestones First JORC Expanded JORC resource resource Development
Slide 20: Coastal Range Neighbours
Coastal Range Neighbours For personal use only 18
Slide 21: Qualifying Statements
Qualifying Statements For personal use only Disequilibrium Explanatory Statement eU3O8 refers to the equivalent U3O8 grade. This is estimated from gross gamma down-hole measurements corrected for water and drilling mud in each hole. These results are provisional upon the application of calibration c