Hot Chili Limited (ASX:HCH)
Hot Chili Limited (ASX:HCH) is a copper company focused on exploration and development in Chile's Atacama Region. The Company aims to be one of the largest copper companies operating in the area. Hot Chili has 3 high-grade copper projects:
Since acquiring Cortadera, the Company has engaged in an aggressive discovery program. Drill results already show six world-class copper-gold intersections in a single zone of mineralization suggesting that Cortadera may be one of the most signficant copper discoveries of the last decade.
Productora is a large-scale, advanced stage copper-gold project. To date, there has been approximately US$100 million of investment at Productora and the project is estimated to have probable reserves of 166.9 million tonnes grading 0.43% Cu, 0.09g/t Au and 138 ppm Mo.
The Company has a majority interest in the El Fuego copper project. The property encompasses two historic underground mines - San Antonio and Valentina. At one time, these were two of the highest grade copper mines in the region, but both sites have had minimal modern exploration.