Hot Chili Limited · ASX:HCH
Hot Chili — RIU – CET Discovery Day 2014
24 slides from Hot Chili's conference presentation, Feb 20, 2014
Slide 1: Productora Copper Project: Discovery History & Keys to Success
For personal use only ACN130 955 725 PRODUCTORA COPPER PROJECT Productora Copper Project CHILE Discovery History & Keys to Success RIU – CET Discovery Day Presentation February, 2014 Warren Potma – Exploration Manager
Slide 2: Disclaimer
Disclaimer For personal use only 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: Location & Context
Location & Context For personal use only Porphyry Belt World class belt Escondido, Chiquicamata, El Teniente, Mantos Blancos etc Productora IOCG belt More recent interest and giant ore discoveries in coastal range belt: Candelaria, Manto Verde, Carmen, El Romerel etc 3
Slide 4: Productora Resource Growth
Productora Resource Growth For personal use only Shallow, at-surface resources growing 4 Aerial view of drilling at Productora, Jan 2014
Slide 5: Productora Resource Growth
Productora Resource Growth For personal use only Shallow, at-surface resources growing Reported Resources (13 Feb 2013): 165Mt grading 0.6% copper, 0.1g/t gold and 132g/t molybdenum High grade component: 53Mt grading 0.8% copper and 0.2g/t gold Note: The resources above are rounded and are repor
Slide 6: Scoping Study Completed & Pre-Feasibility Advanced
Scoping Study Completed & Pre-Feasibility Advanced For personal use only Concept/Scoping Study Parameters – Delivered in February 2013 Processing Rate ~11Mtpa (Open pit- copper and gold only) Strip Ratio 3.5-4.5 : 1 (Target strip ration of 4:1) Metallurgical Recovery >90% Cu, ~80% Au, ~75% Mo (coars
Slide 7: Keys to success
Keys to success For personal use only HCH did not “discover” Productora Early work by Arnaldo Del Campo identified significant Cu/Au mineralisation in the area Chilean Nuclear Commission (CCHEN) work highlighted the IOCGU potential of a portion of the project Selective drilling by the Teck/Gen
Slide 8: For personal use only
Teck IP (Moderate IP Chargeability anomaly) HCH AirMag (footwall mag signature) UG access highlighted breccia controls Systematic drilling revealed continuity For personal use only 9.5km deposit footprint 8
Slide 9: Progression of drilling at Productora
By Sept 2010 By Sept 2011 By June 2012 By June 2013 1st mapping & soils Drilling focussed on Central CCHEN lease secured Consolidation Complete Lease ASX listing (May 2010) CCHEN Sth discovery 2nd JORC Resource 1st Resource complete Drilling commenced (Central Lease) 9.5k
Slide 10: Geology
Geology For personal use only Mineralisation hosted by Felsic (Rhyodacitic) 135 Ma volcanics, sub-volcanic intrusives and Granitoid volcaniclastics Hydrothermal tourmaline breccias are an Sediments important control on tonnes & grade Significant tonnes & grade near surface in large breccia cha
Slide 11: Systematic drilling reveals resource geometry & continuity
Systematic drilling reveals resource geometry & continuity For personal use only Productora Resource- Section 6820920mN Block model, preliminary pit design West East Preliminary pit design Copper Grade % 0.2-0.5 Feb 13 2013 0.5-1.0 > 1.0 250m 11
Slide 12: Technical focus shifts
Technical focus shifts For personal use only Understanding mineral system complexity to unlock additional value 160,000 individual drill hole multi-element geochemical analyses (32 element) Alteration geochemistry characterisation (Scott Halley) identified 7 alteration groupings. These alterat
Slide 13: Horizontal slices through the 3D alteration Model
Horizontal slices through the 3D alteration Model For personal use only Solid colours represent modelled alteration domains Contour lines represent Leapfrog interpolated isosurfaces of Cu grades (Note: these are not resource wireframe objects) Black contours represent a preliminary pit outline
Slide 14: Inclined long section slice through the 3D alteration Model
Inclined long section slice through the 3D alteration Model For personal use only Habanero Preliminary central pit design Rocoto Solid colours represent modelled alteration domains 500m Contour lines represent Leapfrog interpolated isosurfaces of Cu grades (Note: these are not resource wireframe
Slide 15: Cross-section slices through the 3D alteration Model
Cross-section slices through the 3D alteration Model Solid colours represent modelled alteration domains For personal use only Contour lines represent Leapfrog interpolated isosurfaces of Cu grades (Note: these are not resource wireframe objects) Black contours represent a preliminary pit outl
Slide 16: Preliminary Pit Design & Rocoto Target Significant Drill Result
Productora Copper Project Preliminary Pit Design & Rocoto Target Significant Drill Result Habanero & 67m@ 0.6%Cu, 0.2g/t Au, 354ppm Mo, OPEN Rocoto For personal use only Discoveries Including 25m@ 1.0%Cu, 0.2g/t Au, 403ppm Mo 54m@ 0.7%Cu, 0.2g/t Au, Habanero 197ppm Mo Zone Pre-May 2013 the Habaner
Slide 17: Habanero Cross Section
Habanero Cross Section Anomalous East-Dipping High Grade Ore Shoot For personal use only Habanero Discovery Productora Central Pit Area Section 6822215mN 49m@ 1.0% Cu, 0.1g/t Au, 207ppm Mo 72m@ 0.7% Cu, 36ppm Mo Preliminary Central Pit Design 100m@ 1.0% Cu, 0.3g/t Au, 108ppm Mo 181m@ 1.0% Cu, 0.3g/t
Slide 18: Rocoto Cross Section
Rocoto Cross Section Successful targeting of East dipping Alteration For personal use only Rocoto Discovery Alteration Classification Productora Central Pit Area Section 6821840mN Albite alteration (distal) K-Spar Alteration Cu Vector Preliminary Proximal 18m@ 0.8% Cu, Central Pit 0.2g/t Au, 193ppm
Slide 19: Where is it taking us?
Where is it taking us? For personal use only Predictive drill targeting along the 9.5km Productora mineral system trend 780m RL 720m RL 630m RL 580m RL 460m RL Untested Potential Untested Potential 19
Slide 20: Productora Growth & Development Timeline
Productora Growth & For personal use only Development Timeline Delivering a rapid large-scale copper development Deliver PFS & Decision to Mine & Procurement & Potential Start Start DFS Project Financing Construction of mining 2013 2014 2015 2016 2017 1st Cu-Au-Mo First Reserve & Second Reserve & Re
Slide 21: Productora Infrastructure Leverage
Productora Infrastructure Leverage For personal use only Reduce time and cost of development and operations Huasco Port Vallenar Infrastructure Located in the heart of Major projects/mines Power substations CAP/CMP’s northern iron Major town operations Port/Maritime Concession Productora Fe Pellet P
Slide 22: Qualifying Statements: JORC Resource Statement
Qualifying Statements For personal use only JORC Compliant Resource Statement- Reported 13th February 2013 Classification Resource Tonnage Grade Contained Metal Series (+0.3% Cu) Cu Au Mo Copper Gold Molybdenum % g/t g/t (Tonnes) (Oz) (Tonnes) Res Upgrade 1 39,400,000 0.6 0.1 124 230,000 150,000 5,0
Slide 23: Qualifying Statements: Competent Person Statement
Qualifying Statements For personal use only Competent Person Statement Exploration Reporting Information in this announcement that relates to exploration results and mineralisation is based on information compiled by Mr Christian Easterday, a Director, who is a Member of The Australian Institute of
Slide 24: Hot Chili Limited contact details
“ the company is positioned as one of the leading For personal use only ASX emerging copper producers” Hot Chili Limited ACN 130 955 725 Level 1, 768 Canning Highway, Applecross, Western Australia 6153 P: +61 8 9315 9009 F: +61 8 9315 5004 www.hotchili.net.au ASX: HCH 24