Rick Rule interviews Christian Easterday, Hot Chili Limited’s managing director, about the mineral exploration company’s emergence as the largest copper developer on the ASX. Easterday says Hot Chili is emerging as the only Tier-1 copper developer on the exchange, due largely in part to its recent acquisition of a major porphyry copper-gold discovery — Cortadera — located only 14 kilometers from its flagship Productora Copper Project on the Chilean coastal range. Cortadera, combined with Productora, puts the discovery in proximity to existing infrastructure. An already built port is 40 kilometers away, the northern grid’s largest power station is 17 kilometers away, and the Pan-American Highway runs right through the discovery’s 10-kilometer radius production hub. The discovery’s low altitude amplifies these extremely important advantages. The Cortadera and Productora developments together ultimately translate to very low operating and capital costs, making it the lowest capital intensive project ever built, says Easterday.
The Cortadera Discovery represents a completely new beginning for the company in terms of market capitalization. In the next six months, Easterday expects the company to complete the reshaping of mine lines, grade profile and scale of development.
Listen below to Christian Easterday, Hot Chili’s managing director, discuss Chile as a mining destination and its Cortadera Discovery.
Interview Date: February 25, 2019