What are your key goals for the next 3, 6 and 12 months?
3 Months:Aggressive campaign of resource extension and exploration growth drilling underway with strong news flow of positive drilling results anticipated in the coming months.Dual listings in North America OTCQB (imminent) and TSX/TSXV in 2H (subject to market conditions)
6 Months:Continued drilling and commencement of combined Costa Fuego Prefeasibility Studies
12 Months:Cortadera Mineral Resource Upgrade and HG Satellite Resource (Productora & San Antonio)What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The key risk to Hot Chili is the copper price, the company is looking to overcome this risk through the rapid growth and development of Costa Fuego to a decision to mine, to maximise exposure, and take advantage of the current copper cycle.
What do you think makes your company such a compelling investment?Hot Chili holds the largest copper resource on the ASX (outside the hands of a major). Total Mineral Resources for Costa Fuego (Cortadera, Productora & El Fuego) are 724Mt at 0.48% CuEq for 2.9Mt copper, 2.7Moz gold, 9.9Moz Silver and 64kt molybdenum. Hot Chili intends to consolidate the Costa Fuego project into a major coastal copper-mining hub.
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