The Assay TV catches up with Christian Easterday, CEO and managing director of Hot Chili Limited (ASX: HCH | TSXV: HCH | OTCQX: HHLKF), a company focused on advancing its Costa Fuego Copper Project in Chile, a consolidation of the Cortadera porphyry copper-gold deposit and the Productora copper-gold deposit.
The Hot Chili managing director tells us about a recent US$15M investment agreement made with Osisko Gold Royalties, one of North America’s leading royalty-streaming groups, which will boost Hot Chili’s cash position to approximately A$26M.
Christian also talks to us about the company’s new preliminary economic assessment (PEA) results for Costa and the positive economic outcomes it provides, along with hopes that it can further optimize the planned PFS, due for completion by H2 2024. This PEA combined with the Osisko investment has Hot Chili preparing for a 30,000m drill programme set to commence upon closing.
Website: www.hotchili.net.au
Primary tickers: ASX:HCH, TSXV:HCH, OTCQB:HHLKF
Stages of development: Exploration, Development
Commodity: Copper
Project to promote: Costa Fuego Copper
Project location: Chile
