Hot Chili Limited · ASX:HCH
Hot Chili — Investor Presentation (October 2021)
26 slides from Hot Chili's investor presentation, October 2021
Slide 1: Senior Copper Developer: Big Vision in Big Copper
Senior Copper Developer Big Vision in Big Copper October, 2021
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
Slide 3: Leading ASX Copper Developer
Leading ASX Copper Developer Largest ASX Copper Resource Outside of the control of a major mining company 9.99% Investment by Glencore in Costa Fuego Head Chile Cu-Au Resource August Office 1.7 Mt (Ind) 1.5 Moz (Ind) 1.2 Mt (Inf) 1.2 Moz (Inf) TSXV Dual Listing Process On-track Copper Gold Refer to
Slide 4: Costa Fuego Copper Super-Hub
Valentina Productora Costa Fuego Copper Super-Hub • Largest coastal Cu-Au discovery San in Chile since Candelaria Antonio • One of the only Low-Altitude major copper plays in the Americas (800-1,000m elevation) Cortadera • Compatible metallurgy, good recovery, clean concentrate (no arsenic) Hot Chil
Slide 5: Advanced Stage & Growing to Tier-1 Status
Advanced Stage & Growing to Tier-1 Status • Pre-feasibility Study due in 2H 2022, infrastructure access in-place • Major resource up-grade expected following TSXV dual listing Hot Chili Presentation 5
Slide 6: Corporate Overview
Corporate Overview Capital Structure 34 Month Share Price Performance Issued Shares 4,367,306,155 Share Price A$0.038 (6th Oct 21) Mkt A$165 M 3.8c Capitalisation Share Mkt Capitalisation A$194 M Price (fully diluted) (incl Con Notes, Options, Cortadera Performance Rights) HG Core MRE1 Cash A$9.9 M
Slide 7: Cortadera & Winu: One of Just Two Major Copper Discoveries
One of Just Two Major Copper Discoveries Recorded in the World since 2016 Cortadera & Winu Hot Chili Presentation 7
Slide 8: Rare Development Setting Low-Altitude Infrastructure Access & 50km to Port
Rare Development Setting Low-Altitude Infrastructure Access & 50km to Port Refer to ASX Announcement “Costa Fuego Becomes a Leading Global Copper Project” (12th October 2020) for JORC Table 1 information related to the Cortadera JORC compliant Mineral Resource estimate by Wood and the Productora re-
Slide 9: Metal & Grade of Top Copper Resources
Metal & Grade of Top Copper Resources • One of the few low-altitude, no arsenic, tier-1 location, infrastructure- ready major copper resources – and it is new….not stalled! 0.48% Cu- Global Av Head grade of Production Av CuEq% grade Av Cu% grade Reporting Cut-Off Grade (COG) All projects selected on
Slide 10: North American Peers & Hot Chili (ASX)
North American Peers & Hot Chili (ASX) • HCH is one the leading Cu-Au porphyry companies in the Americas • HCH trades at less than US$0.01/lb versus peer average of US$0.046/lb • HCH is the only company in this space not listed on TSX/TSXV ENTERPRISE VALUE PER POUND CUEQ AuCu Total Mineral Inventory
Slide 11: Leading Project Development Attributes
Leading Project Development Attributes • Tier 1 Mining Jurisdiction – Chile • Low Altitude – 800m to 1,000m altitude (Coastal Range) • Clean Concentrate – No arsenic • Critical Infrastructure & Access – Easement for water/power & surface rights secured, 50km from port, Pan American Hwy, major power
Slide 12: A New World Class Cortadera Copper-Gold Discovery
A New World Class CORTADERA Copper-Gold • Deal to acquire 100% of Cortadera in Feb 2019 Discovery • Delivering world-class drill results by July 2019 • Maiden Resource Estimate announced Oct 2020 • 40,000m drilling underway • Major Resource Upgrade due in Q4 2021 DD Pre-collar drilling, Cortadera –
Slide 13: Leading Global Copper-Gold Discovery
Leading Global Copper-Gold Discovery Eight of the World’s Best Cu-Au Drill Results Recorded Since Jan 2018 Project Name Company Country Hole ID From (m) To (m) Interval (m) Cu (%) Au (g/t) Altar Aldebaran Resources Inc Argentina ALD-18-209 482 1,537 1,055 0.5 0.2 Cascabel SolGold Plc Ecuador CSD-18-
Slide 14: Getting Big Quickly
Getting Big Quickly • Big porphyry system being unlocked • Tier 1 growth potential confirmed • 3 drill rigs operating, 5 shifts per day • Dr Steve Garwin (SOLG) leading HCH technical team FJOD-10 (52-54m), 1.3% Cu, 0.64g/t Au Refer to ASX Announcement “High Grade Copper-Gold Core Continues to Expand
Slide 15: Maiden Cortadera Mineral Resource
Maiden Cortadera Mineral Resource • 2.3 km long porphyry deposit, over 1km vertical ore column from surface, open in key directions, and emergence of high grade cores Cuerpo 1 Cuerpo 2 Cuerpo 3 1,000m RL +0.1% Cu +0.4% Cu Model Model 500m RL +1km 0m RL JORC Resource (Oct, 2020) High Grade Core (Ind)
Slide 16: Resource Expansion - Two DD rigs 24/7
Resource Expansion- Two DD rigs 24/7 Refer to ASX Announcement “Cortadera’s north Flank Delivers Again – 610m at 0.5% CuEq” (1st October 2021). Hot Chili Presentation 16
Slide 17: Why Test Deep? Follow the Grade & Veins
Why Test Deep? - Follow the Grade & Veins Cortadera Cu-Au Discovery (HCH) Alpala Cu-Au Discovery (SOLG) Cuerpo 3 Vertical Cuerpo 2 Depth Cu % 600m +0.4% Cu Alpala High Grade Zone (+0.9% CuEq) Cu Eq% +0.1% Cu 442Mt grading 1.4% CuEq (0.9% Cu, 0.9g/t Au) Limited/ no drilling 1,300m CRP0013D 43,000m Dr
Slide 18: Next Growth Horizon Drilling in Q4 2021
Next Growth Horizon Drilling in Q4 2021 • New 3D Geochem targeting applied for first time across Costa Fuego • Productora Central - larger than Cuerpo 3 at Cortadera Refer to ASX Announcement “Costa Fuego Lifts Growth Horizon” (17th Sept 2021). Hot Chili Presentation 18
Slide 19: Large Corridor Cortadera Not Alone
Large Corridor Cortadera Not Alone • Cluster of Porphyry Targets • Santiago Z Larger footprint to Cortadera Drill access approval expected in Dec 2021 • Cortadera North Look-alike target being advanced Refer to ASX Announcement “Second Large Copper Porphyry System Confirmed 5km South of Cortadera” (
Slide 20: Building a Copper Major
Building a Copper Major Start Combined PFS – Q2/Q3, 21 Cortadera 100% Acquisition – Q3, 21 TSXV Dual listing Application– On-Track Growth Horizon Drilling – Q4, 21 to Q2 22 Cortadera MR Upgrades – Q1, 22 Costa Fuego PFS completion– Q3, 22 CRP0061D Core, Cortadera – Feb 2021 Refer to ASX Announcement
Slide 21: Qualifying Statements
Qualifying Statements Competent Person’s Statement 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 Institute of Geoscient
Slide 22: Qualifying Statements
Qualifying Statements Reporting of Copper Equivalent Copper Equivalent (CuEq) reported for the resource were calculated using the following formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery)+(Mo ppm × Mo price per g/t × Mo_recovery)+(Au ppm × Au price per g/t × Au_recovery)+ (Ag ppm × Ag
Slide 23: Cortadera Core Farm, June 2021
Cortadera Core Farm, June 2021 Hot Chili Presentation 23
Slide 24: Drilling at Cortadera, July 2021
Drilling at Cortadera, July 2021 Hot Chili Presentation 24
Slide 25: Cortadera Field Operations, July 2021
Cortadera Field Operations July 2021 Hot Chili Presentation 25
Slide 26: Hot Chili Limited
Hot Chili Limited 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 26