In addition to the advanced, large-scale flagship Productora project, Hot Chili has acquired the El Fuego Project, comprising a trio of historical mines known as San Antonio, Valentina and Lulu. They are actively being explored to enhance the grades and margins from Productora's development. The company is looking to add further assets in the area ahead of a DFS.
"The phase that we're moving through at the moment is a phase of consolidating this entire region and really putting our arms around multiple ore sources to feed into a central plant to produce a copper operation that will be producing some 100,000 tonnes of copper per annum. And just for context, that would make Hot Chili and the Productora development indisputably the largest copper developer on the ASX," says Easterday.