Hot Chili Limited (ASX:HCH) has partnered with a company that is owned by the Chilean Government - ENAMI. This partnership will allow 120,000 tonnes per annum of ore to be mined and processed at the Productora deposit.
The main asset of the company is Cortadora and its adjacent projects, San Antonio and Productora.
Managing director Christian Easterday shares with us about the latest metallurgical results released by the company.
The outcome of the tests has shown that the trio of projects - Productora, Cortadera and San Antonio - can be treated as one ore type.
This means that the processing of the ore can be done in one facility, which will allow the savings in treating the ore.
The next phase for the company will be the release of the JORC resource which should cement Hot Chili as a viable copper producer with a Tier 1 project.
The fact that Hot Chili is not a major miner and is holding a project in the first quartile of best projects in the world is significant.
The sequence of events that will take the company to a major producer with a Tier-1 project will slowly unveil itself over the coming months.
Investors should take time to do research and take stock of what could happen if all the events were to come to fruition.
About Christian Easterday
Easterday is a geologist with over 20 years’ 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 Curtin University of Technology and a Masters degree in Business Administration from Curtin’s Graduate School of Business.
He 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, Easterday 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.