On stock head today :Special Report: Cash flow from Hot Chili’s satellite Productora copper-gold project in Chile is imminent after lease mining started four months ahead of schedule.
Early cash flow is always welcome, particularly when it is likely to meatier that originally expected.
This is exactly the picture that Hot Chili (ASX:HCH) is admiring at its Productora copper-gold project where recent increases in copper and gold prices have led Chilean government agency Empresa Nacional de Mineria (ENAMI) to kick off operations well ahead of schedule.
Mining and processing operations will target a head grade of 1.8 per copper and 0.5 grams per tonne gold to generate revenue.
The company says it is pleased with the speed that ENAMI has moved to appoint an experienced local mining group and coordinate the needed approvals for mining at the project.
And there might be more coming with Hot Chili noting that it is in discussions with the agency to expand the scale of their existing 120,000 tonne per annum lease mining and processing agreement.
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