Hot Chili Limited · ASX:HCH

Hot Chili — RIU – CET Discovery Day Presentation February 2014

21 slides from Hot Chili's conference presentation, February 2014

  1. Slide 1: Productora Copper Project: Discovery History & Keys to Success

    Productora Copper Project Discovery History & Keys to Success RIU – CET Discovery Day Presentation February, 2014 Warren Potma – Exploration Manager ACN130 955 725 PRODUCTORA CHILE

  2. 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 Presentation and nothing contained in the Presentation is, or may

  3. Slide 3: Location & Context

    Location & Context 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

  4. Slide 4: Productora Resource Growth

    Productora Resource Growth Shallow, at-surface resources growing 4 Jan 2014

  5. Slide 5: Productora Resource Growth

    Productora Resource Growth 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 reported to one significa

  6. Slide 6: Scoping Study Completed & Pre-Feasibility Advanced

    Scoping Study Completed & Pre-Feasibility Advanced 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 (coarse 180um grind size) Fl

  7. Slide 7: Keys to success

    Keys to success 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/General Minerals JV inter

  8. Slide 8: Teck IP and HCH AirMag anomalies

     Teck IP (Moderate IP Chargeability anomaly)  HCH AirMag (footwall mag signature)  UG access highlighted breccia controls  Systematic drilling revealed continuity 8

  9. Slide 9: Project exploration timeline 2010 to 2013

     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

  10. Slide 10: Geology

    Geology  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 chambers but rarely visib

  11. Slide 11: Systematic drilling reveals resource geometry & continuity

    Systematic drilling reveals resource geometry & continuity 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

  12. Slide 12: Technical focus shifts

    Technical focus shifts 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 alteration indices were used

  13. Slide 13: Horizontal slices through the 3D alteration Model

    Horizontal slices through the 3D alteration Model  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  Red - Potassic K-sp

  14. Slide 14: Inclined long section slice through the 3D alteration Model

    Inclined long section slice through the 3D alteration Model Habanero Rocoto  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 out

  15. Slide 15: Cross-section slices through the 3D alteration Model

    Cross-section slices through the 3D alteration Model  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 Rocoto  Red - Pot

  16. Slide 16: Habanero & Rocoto Discoveries

    Productora Copper Project Preliminary Pit Design & Rocoto Target Significant Drill Result Habanero & 67m@ 0.6%Cu, 0.2g/t Au, 354ppm Mo, OPEN Rocoto Discoveries Including 25m@ 1.0%Cu, 0.2g/t Au, 403ppm Mo 54m@ 0.7%Cu, 0.2g/t Au, 197ppm Mo Habanero Zone ROCOTO ZONE 97m@ 0.6% Cu, 0.1g/t Au, 181m@ 1.0%

  17. Slide 17: Habanero Cross Section

    Habanero Cross Section Anomalous East-Dipping High Grade Ore Shoot 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 Au, 173ppm Mo (open t

  18. Slide 18: Rocoto Cross Section

    Rocoto Cross Section Successful targeting of East dipping Alteration Rocoto Discovery Alteration Classification Productora Central Pit Area Section 6821840mN Cu Albite Proximal alteration (distal) K-Spar Alteration Vector Preliminary 18m@ 0.8% Cu, Central Pit 0.2g/t Au, 193ppm Design Mo Sericite Ser

  19. Slide 19: Where is it taking us?

    Where is it taking us? 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

  20. Slide 20: Productora Growth & Development Timeline

    Productora Growth & 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 & Resource Upgrade Resourc

  21. Slide 21: Hot Chili Limited contact details

    “ the company is positioned as one of leading 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 21

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