Costa Fuego Adds High Grade Development Option
Filed with ASX · · 6 pages · English
Summary by 6ix AI
Hot Chili Limited has announced advancements regarding its Costa Fuego copper-gold development in Chile, focusing on the Productora resource as a higher grade satellite pit option. The company is set to commence a pre-feasibility study for Costa Fuego, which combines the Cortadera and Productora resources. Recent work has confirmed the potential for higher grade resources at Productora, enhancing its economic viability due to improved copper prices and lower power costs. The announcement highlights a significant increase in the net present value of Productora, driven by current copper prices.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Earlier from Hot Chili
- Big 836m Intercept at 0.5% CuEq* at Cortadera
- Quarterly Activities and Cashflow reports - 31 March 2021
- Cortadera Drilling Update - More Copper and More Gold
- Second Large Copper Porphyry System Confirmed
- Outstanding 813m Cu-Au Intercept at Cortadera
Later from Hot Chili
- Hot Chili Reports 144m Grading 1.0% CuEq
- Costa Fuego Copper-Gold PFS Underway
- Hot Chili Welcomes Glencore Investment
- $40M Arranged to Acquire Cortadera & Deliver Resource Growth
- Disclosure Document - Share Purchase Plan
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