Hot Chili Limited (ASX:HCH) has been one of my favourite companies on the ASX lately as they are progressing towards the realisation of their Tier-1 copper-gold porphyry project in Chile.
Christian Easterday is back telling us what has been happening since our last conversation. In that episode he described what Hot Chili is all about and the delights of a porphyry story. Click here to revisit that episode.
In the midst of a global crisis, Christian has been able to create a path to production and the releasing of the potential of the giant Cortadera Copper-Gold Porphyry deposit.
About Hot Chili[hhmc]
Hot Chili is an ASX-listed Australian mineral exploration company, well advanced in developing its portfolio of copper projects on the coastal range in Region III, Chile.
Since listing on the ASX in 2010, the company has discovered and delineated the Productora copper deposit, established a substantial mineral resource and ore reserve, and completed a JORC 2012 compliant pre-feasibility study.
The company continues to assess value accretive opportunities and is very pleased to have secured an option to acquire a 100% interest in a major, privately-owned, copper-gold porphyry discovery, named Cortadera, adjoining the companys Productora and El Fuego copper projects on the Chilean coastal range.
Hot Chili is partnered with Chiles largest iron ore miner, Minera del Pacíico SA (CMP), which owns 20% of the Productora project, and their parent company CAP SA is also a major shareholder in the company.
Hot Chili is managed by an experienced board and supported by a dedicated consulting and advisory team. The company's corporate governance processes promote responsible decision making and the highest standards of ethical behaviour and accountability.
Christian Easterday[hhmc]
Christian is a geologist with more than 17 years of experience in the mineral exploration and mining industry. He holds an honours degree in geology from the University of Western Australia, a masters degree in Mineral Economics from the Curtin University of Technology and a masters degree in Business Administration from Curtins Graduate School of Business.
Easterday has held several senior positions and exploration management roles with top-tier gold companies including Placer Dome, Hill 50 Gold and Harmony Gold, specialising in structural geology, resource development and mineral economic valuation.
For the past eight years, he has been involved in various aspects of project negotiation. This work has involved negotiations and valuations covering gold, copper, uranium, iron ore, nickel, and tantalum resource projects in Australia and overseas. Easterday is a member of The Australian Institute of Geoscientists.
Progressive story[hhmc]
When I read the latest announcement from the company, I saw two key aspects that tell a great progressive story. These factors are:
- First, it was the relationship that is being created with the Chilean government on the mining of Productora.
- Second, in amongst the news, there was the subtle mention of the upgrade in the high-grade core within Cortadera.
I wanted to speak to Christian and get his views on these key points which I believe are important to the progression of the company.
There is also the confidence that shareholders have shown in placing extra funding into the company in a recent capital raising.
In conclusion, this is slowly emerging as an interesting company to keep on your watchlist.
I hope you find it an interesting object lesson in understanding what these giant porphyry deposits can become and a great lesson in eRead More – Source
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Proactiveinvestors
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