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Hot Chili Ltd.
Summary
| Project: | Productora | |
|---|---|---|
| Deposit: | Productora | |
| Location: | Chile | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 9/30/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-9-2016: Hot Chili Ltd. announces a Resource Estimation report for its Productora deposit at the Productora project. Annual review of resources and reserves, previously announced in March 2016. This document outlines the Annual Review of Hot Chili Limit | |
| Resources: | (Reserve, Prob.): 166.9Mt @ 0.43% Cu, 0.09g/t Au, 138ppm Mo at Productora total | |
| CP/QP: | [Resources]: L Macdonald, N I Kirchner (Internal;AMC Consultants Pty Ltd.) | |
| 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 2016. 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 commodities for this review include copper (Cu), gold (Au) and molybdenum (Mo). Tonnage and quality information contained in the following tables has been rounded and as a result the figures may not add up to the totals quoted. While Hot Chili does not have a dedicated governance group, the Mineral Resource and Ore Reserve estimation processes followed internally are well established and are subject to systematic internal peer review. Independent technical reviews and audits are undertaken during estimation and signoff, and on an as-required basis. There were material changes to Hot Chili’s Mineral Resource and Ore Reserves between the 1st of July 2015 and the 30th of June 2016 (the period covered by the company annual report). These material changes are covered in this review. While there were no material changes to Hot Chili’s Mineral Resource and Ore Reserve estimates during the period between the end of the annual reporting date (30th of June 2016) and the date of the MROR review (22nd September, 2016), there were changes to the overall tenement ownership at the Productora Project. | |
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