Hot Chili Limited (ASX: HCH) – $0.140 (+4%)
19 Feb 2015
Hot Chili Limited (ASX: HCH) has completed a Scoping Study that is set to significantly boost the Productora Copper Project located in Chile.
The independent Scoping Study found the addition of an oxide operation is attractive as a complement to the existing Productora Copper Project.
The Pre-Feasibility Study will now include a heap leach operation followed by a Solvent Extraction Electrowinning circuit with the potential to produce 8,000 tonnes to 10,000 tonnes of cathode copper production annually for six to eight years. The annual copper-in-concentrate production is estimated to be 45,000 tonnes to 55,000 tonnes.
The company expects to deliver a Mineral Resource and Ore Reserve upgrade estimate for the Productora Pre-Feasibility Study this year that will include oxide mineral resources and the addition of the recent Alice Porphyry copper discovery (Figure 1).
Figure 1. Central pit design at Productora displaying Ore Reserve blocks (pink) and oxide Mineral Resource blocks (yellow)
For further information, visit www.hotchili.net.au
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