Hot Chili Limited · ASX:HCH
Hot Chili — Mines and Money Hong Kong (March 2012)
20 slides from Hot Chili's conference presentation, Mar 20, 2012
Slide 1: Productora Copper Project Chile – Growth & Development Phase
For personal use only PRODUCTORA COPPER PROJECT CHILE Growth & Development Phase March 2012
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: Discovery Phase 2011
Productora Discovery Phase 2011 Chile Norte Commenced drilling in Aug 2010 For personal use only Established first JORC resource in Sept 2011 Productora First resource represents only 15% of the Los Mantos identified 9.5km long deposit Shaping as a Top 4 coastal range, bulk tonnage, open pit
Slide 4: Development Phase 2012
Productora Development Phase 2012 Located in the heart of our partner CMP’s infrastructure corridor – 40km to the coast For personal use only Aim to establish a minimum 300Mt resource base Targeting a decision to mine on 10Mtpa, 20 year mine life open pit project by end of 2013 Strategic par
Slide 5: Company Overview
Company Overview Capital Structure Top 5 Shareholders For personal use only 199.5 Million shares (47.3 Million restricted) 20.1% Kalgoorlie Auto Services 40.6 Million unlisted 20c options (32 Million restricted) 13.4% Taurus Funds Management 12.4 Million new unlisted 75c options (1 year) 5.8% Panora
Slide 6: First Resource – Central 1.4km of Project
Productora First Resource – Central 1.4km of Project View looking NNW UG Mine UG Mine Development Decline For personal use only Copper Grade Ranges (%) Drill holes Central Area Block Model Lease Resource Envelope A Cross Section B A Drill holes B Copper grade distribution in resource block model Sca
Slide 7: Resource Up-grade Diamond Drilling
Resource Up-grade Diamond Drilling In-fill drilling to up-grade inferred category of resource well advanced New diamond core, larger sample size For personal use only New results confirm inferred resource grade was underestimated – resource revision targeted for Q3 2012 South Productora – Copp
Slide 8: Central Resource Area
Productora Central Resource Area For personal use only Resource Growth and Development Focus Targeting 280-320 M tonnes of open pittable resources by Q4 2013 Decision to Mine at Productora by end of 2013 8
Slide 9: Resource Growth Strategy 2012
Resource Growth Strategy 2012 3 dedicated RC/DD drill rigs operating For personal use only +65,000m RC and +5,000m DD of drilling underway First pass drill entire 9.5km complete by May 2012 Major resource up-grades in Q3 2012 and Q1 2013 Target Mineralisation Copper 280 to 320 million tonnes
Slide 10: First Pass Drilling of 9.5km Deposit
First Pass Drilling of 9.5km Deposit For personal use only • Central Lease – First 1.4km converted into resource • Successful drilling results extended by 2km to now over 5.7km • Southern extensional drilling continuing – results expected • Magnetic and IP response – geological continuity remaining
Slide 11: Scoping Study Advancing
Productora Scoping Study Advancing AUSENCO appointed in For personal use only December 2011 Preliminary Pit Optimisations HCH management team C D Pit Design and site lay-out underway Multiple metallurgical test-work programmes underway 800m RL Environmental surveys advanced Study deliver
Slide 12: Infrastructure Location
Productora Infrastructure Location 40km distance to Huasco Port (Controlled by CAP/CMP – HCH project partner) For personal use only 15km south of township of Vallenar Linked adjacent to PanAmerican Hwy, CMP rail corridor to Port and near-by power stations Huasco Port Vallenar Infrastructure Ma
Slide 13: Port/Rail Options – Los Lozas (CAP)
Productora Port/Rail Options – Los Lozas (CAP) Preliminary discussions regarding infrastructure cooperation with partner CAP For personal use only Los Lozas 3rd party port with available capacity (controlled by CAP) 13
Slide 14: Power Options
Productora Power Options Power Options- Castillo or Guacolda power supply For personal use only Central grid transmission lines into project Maintencillo substation 20km distance 14
Slide 15: Company Milestones/Objectives
Company Milestones/Objectives Productora – Rapid resource growth and development focus For personal use only Extensional and resource drilling results throughout 2012 Completion of scoping study and commence PFS early Q3 2012 Resource up-grades in Q3 2012 and Q1 2013 Further land acquisitions target
Slide 16: vs Peer Projects
Productora vs Peer Projects For personal use only Copper Equivalent Resources – Grade vs Tonnes vs Metal (bubble size) 6.0 DeGrussa Chile- Emerging Producer (SFR) ASX- Producer 5.0 ASX- Emerging Producer Copper Eq grade % 4.0 Kinsevere (AVL) 3.0 2.0 Boseto (DML) Prominent Hillside Hill (RXM) (OZL) 1
Slide 17: vs Peer Projects – Copper Production vs $EV/t copper
Productora vs Peer Projects Copper Production vs $EV/t copper For personal use only Production and Planned Production (ASX Producers, Emerging ASX and Emerging Chilean) 160 1,800 Annualised Copper Production kt $EV/t copper metal (resource) Annual Copper Production $EV / t Cu 140 1,600 1,400 120 1,2
Slide 18: Qualifying Statements
Qualifying Statements Target Mineralisation For personal use only References to exploration target size and target mineralisation in this presentation are conceptual in nature and should not be construed as indicating the existence of a JORC Code compliant mineral resource. Target mineralisation is
Slide 19: For personal use only
For personal use only
Slide 20: Hot Chili Limited contact details
Hot Chili Limited ACN 130 955 725 For personal use only Suite 25, 784 Canning Highway, Applecross, Western Australia 6153 P: +61 8 9315 9009 F: +61 8 9315 5004 www.hotchili.net.au ASX: HCH