Hot Chili Limited · ASX:HCH
Hot Chili — RIU Explorers Conference 2021
25 slides from Hot Chili's conference presentation, Feb 16, 2021
Slide 1: Cortadera Rising: Big Vision in Big Copper
Cortadera Rising Big Vision in Big Copper 16th - 18th Feb, 2021 I Fremantle, Western Australia
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: COPPER The Doctor is Back!
COPPER The Doctor is Back! Top Performing Metal of Past 12 months - Price at 8Yr High Strengthening Demand – Forefront of Green Revolution Supply Squeeze Tightening – Lack of Major Discoveries Continues 10 Year Copper Price Performance COVID Slump US$3.77/lb Feb 2020 +84% 2013 2015 2017 2019 2021 So
Slide 4: Cortadera & Winu: One of Just Two Major Copper Discoveries Since 2016
One of Just Two Major Copper Discoveries Recorded in the World since 2016 Cortadera & Winu Hot Chili Presentation 4
Slide 5: World-Class Cortadera Discovery
Leading ASX Copper Developer World-Class Cortadera Discovery Largest ASX Copper Resource Chile Costa Fuego Head Outside of the control of a major mining company Cu-Au Resource Office 2.9 Mt 2.7 Moz Building an ASX Copper Gold Copper Major 9.9 Moz 64 kt Refer to ASX Announcement “Costa Fuego Becomes
Slide 6: Corporate Overview
Corporate Overview Capital Structure 2 Year Performance Issued Shares 3,058,876,990 Share Price +280% Mkt Capitalisation +1,160% Share Price A$0.038 (10th Feb 2021) Mkt A$116 M Capitalisation 3.8c Mkt Capitalisation A$141 M (fully diluted) (incl Con Notes, Options) Cash A$11.7 M (approx) Expected Ca
Slide 7: Costa Fuego – Major Copper Development
Costa Fuego – Major Copper Development Combined Development • Chilean costal range • 600km north of Santiago • Low Altitude - 800-1,000m elevation • Compatible metallurgy, good recovery • Clean Cu-Au concentrate (no arsenic) Refer to ASX Announcement “Positive Results from Initial Metallurgical Test
Slide 8: Rare Development Setting Low-Altitude Infrastructure Access & 50km to Port
Rare Development Setting Low-Altitude Infrastructure Access & 50km to Port Huasco Pan American Maintencillo Power Substation Highway Freirina Los Losas Port (CAP) Seawater Pipeline Easement Vallenar Power Transmission Line Easement Costa Fuego Copper Project 2.9Mt Cu, 2.7Moz Au, 9.9Moz Ag, 64kt Mo P
Slide 9: Benchmarking Costa Fuego
Benchmarking Costa Fuego Largest Copper Resources in the World not Controlled by a Major Mining Company (Other than Winu – Rio Tinto) Costa Fuego Refer to ASX Announcement “Costa Fuego Becomes a Leading Global Copper Project” (12th October 2020) for qualifying statements related to the above figure
Slide 10: Metal & Grade of Top Copper Resources
Metal & Grade of Top Copper Resources • Largest copper Mineral Resource controlled by an ASX-listed emerging company • 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
Slide 11: 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 12: Leading Global Copper-Gold Discovery
Leading Global Copper-Gold Discovery Six 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-18-06
Slide 13: Getting Big Quickly
Getting Big Quickly • Big porphyry system being unlocked • Tier 1 growth potential confirmed • 40,000m drill programme commenced 11th January • 2 Rigs operating, 3rd Rig commencing next week FJOD-0010 (52-54m), 1.3% Cu, 0.64g/t Au Refer to ASX Announcement “High Grade Copper-Gold Core Continues to E
Slide 14: 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 Repor
Slide 15: Post-Resource Initial Extensional Testing
Post-Resource Initial Extensional Testing Cuerpo 2 Cuerpo 3 Cuerpo 3 Expanding Laterally 1,000m RL • 314m grading 0.4% copper & 0.1g/t gold CRP0042D from 616m (42D) • 373m grading 0.4% copper & 0.1g/t gold 500m RL from 648m depth to end-of hole (32D) • 382m grading 0.4% copper & 0.1g/t gold from 524
Slide 16: 2021 Drilling High Grade Core Expansion
2021 Drilling High Grade Core Expansion Cuerpo 2 Cuerpo 3 1,000m RL CRP0046D- 750m of mineralisation from 250m down-hole • Completed at 1,100m 500m RL CRP0061D- 600m of mineralisation from 140m down-hole OPEN • Currently drilling at 880m depth +0.1% Cu +0.4% Cu Results pending 1km 0m RL CRP0061D Cur
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: Deep Testing Begins – Another Monster?
Deep Testing Begins – Another Monster? Cuerpo 1 Cuerpo 2 Cuerpo 3 Do the porphyries join at depth? Planned diamond tails and hole extensions Have we found the Planned diamond hole beneath Cuerpo 2 and 3 high grade yet? Hot Chili Presentation 18
Slide 19: Open Pit & Block Cave Kings of Cu-Au
Open Pit & Block Cave Kings of Cu-Au 1km Cortadera 2.3km Cadia East Underground (Newcrest) Cuerpo 1 Cuerpo 2 Cuerpo 3 Cu % Ore Reserve - 1.4Bt grading 0.45g/t Au & 0.29% Cu Annual Production – 843koz Au & 96kt Cu (Sept 20) AISC – A$136/oz Mining Method - Block Cave 1km Source: Newcrest Briefing Book
Slide 20: Building Momentum
Building Momentum • Water Rights Secured for Costa Fuego • VAT Recovery Approval - $4M this year • Cortadera Acquisition Early Payment– US$15M remaining July 2022 • Cortadera North drilling to recommence - February • Third drill rig commencing - February HCH Geologist, Cortadera – Feb 2021 Refer to
Slide 21: Building an ASX Copper Major
Building an ASX Copper Major • Maiden Cortadera Resource (MR) October 2020 • Start Combined PFS – Q2/Q3, 21 • HG Satellite Resource – Q2/Q3, 21 (Productora & San Antonio) • Cortadera MR Upgrade – Q4, 21 • Dual listings in North America – 2H, 21 (subject to mkt conditions) • Final Cortadera 100% Acqu
Slide 22: 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 23: 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 24: Cortadera Core Farm, Feb 2021
Cortadera Core Farm, Feb 2021 Hot Chili Presentation 24
Slide 25: Cortadera Copper-Gold Porphyry Discovery
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 25