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Hot Chili Ltd.
Summary
| Project: | Productora | |
|---|---|---|
| Deposit: | Productora | |
| Location: | Chile | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 9/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-9-2017: Hot Chili Ltd. announces a Resource Estimation report for its Productora deposit at the Productora project. Annual statement of mineral resources and ore reserves at Productoria. This document outlines the Annual Review of Hot Chili Limited (Ho | |
| Resources: | (Reserve, Prob.): 166.9Mt @ 0.435 Cu, 0.09g/t Au, 138ppm Mo at project | |
| CP/QP: | [Resources]: N Ingvar Kirchner, J Lachlan Macdonald (AMC Consultants Pty Ltd.;Internal) | |
| ABSTRACT: | This document outlines the Annual Review of Hot Chili Limited (Hot Chili or HCH) Mineral Resources and Ore Reserves (MROR) as at 30th June 2017. All Mineral Resource and Ore Reserve estimates are reported in accordance with the JORC 2012 standard and are based on, and fairly represent, information and supporting documentation prepared and approved by competent persons. The Productora Project is 100% owned by a Chilean incorporated company named Sociedad Minera El Aguila SpA (SMEA). SMEA is a Joint Venture company, 80% owned by Sociedad Minera El Corazón Limitada (a 100% subsidiary of Hot Chili Limited), and 20% owned by CMP Productora (a 100% subsidiary of Compañía Minera del Pacífico S.A (CMP). The Joint Venture agreement provides access to key infrastructure as well as securing an experienced major Chilean partner with substantial operational, financial and development capability to jointly develop Productora towards production. CMP also have an option to increase its stake in Productora to 50.1% following completion of the Definitive Feasibility Study (DFS). There were no tenement changes that had material impact on the Mineral Resources or Ore Reserves during the reporting period. There were no mining activities in the 12 months to 30th June 2017. There has been no depletion of any of the current publicly reported Mineral Resources or Ore Reserves. | |
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