Hot Chili Limited: Low-Altitude Sizeable Copper Development in South America

Hot Chili (ASX:HCH,TSXV:HCH,OTCQX:HHLKF) is completing a Pre-feasibility Study (PFS) to progress the development of its Costa Fuego Copper Project towards a decision to mine. Hot Chili collaborates with high-net-worth companies and investors worldwide, including securing an offtake agreement with the copper giant Glencore (OTC:GLEN) after they became the largest shareholder, buying a 9.99 percent stake in Hot Chili six months ago.

The company’s Costa Fuego Project is known for its Indicated Resource of 2.8 million tonnes of copper and 2.6 million ounces of gold, as well as an Inferred Resource of 0.6 million tonnes of copper and 0.4 million ounces of gold. Hot Chili has recently completed a 47,000-meter resource definition drilling program and updated the Mineral Resource Estimate as a key step in its ongoing Pre-Feasibility Study. The asset is ideally located with respect to infrastructure:

Company Highlights

• Hot Chili is a senior exploration and development mining company with a consolidated-project focus in a copper-rich region in the Chilean coastline.
• The company is in the late exploration stages and is currently completing a pre-feasibility to move forward on its path to production.
• Hot Chili has secured opportunities with investors and companies worldwide, including a significant investment and offtake agreement with Glencore.
• Costa Fuego, the company's project, has an indicated estimate of 2.8 million tonnes of copper and 2.6 million ounces of gold. It is also within close proximity of a port and major highway.
• An experienced management team is leading the company towards becoming a major player in the copper industry.

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