Positive results at Hot Chili’s coastal copper deposits confirm it will be combined into one development
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Hot Chili Limited (ASX:HCH) today updated the market about metallurgical testwork undertaken at its Cortadera and San Antonio copper projects in Chile.
Cortadera is shaping up as a globally significant standalone copper-gold project which can utilise the Productora project resources, and leverage from a central processing and combined infrastructure approach along the coastline of Chile.
Cortadera rivals some of the world’s most recent and significant copper-gold discoveries, including SolGold’s Cascabel porphyry copper-gold project in Ecuador and Zijin Mining’s Timok copper-gold project in Serbia.
Here is a complete list of the best 24 copper-gold drill intercepts worldwide since January 2018 (ordered by width of drill intersection):
Initial results from the most recent work done, were highly encouraging.
Rougher sulphide flotation results indicate high copper recoveries and similar crushing/grinding characteristics.
These results allow all of Hot Chili's coastal copper deposits (Cortadera, Productora and San Antonio) to be combined into one development.
This development will now be known as ‘Costa Fuego’ and it will utilise a single conventional processing facility.
In promising news, initial rougher recoveries suggest that final copper recovery levels into a commercial grade concentrate are likely to be high.
The test work from Cortadera and San Antonio indicates excellent copper recoveries of 89% to +95%.
Importantly, the recoveries are consistent with other leading global copper developments including (Rio Tinto’s Winu and SolGold’s Cascabel project.
Optimised commercial concentrate grade estimation will be determined following the completion of grind size optimisation, cleaner flotation and locked-cycle test work.
These first results provide a solid foundation from which to carry out further optimisation of the metallurgical flowsheet for life-of-mine ore source supply from the Costa Fuego copper development.
Importantly, there are no deleterious elements present in rougher concentrate, confirming Costa Fuego as a clean-concentrate combined copper development.
General Information Only
This material has been prepared by Jason Price. Jason Price is an authorised representative (AR 000296877) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573) (62C), and a Director of S3 Consortium Pty Ltd (trading as StocksDigital).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, Jason Price, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, Jason Price, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
