Hot Chili: Secures option to expand Cortadera discovery, Chili

Hot Chili Secures option to expand Cortadera discovery, Chili

• Hot Chili (HCH) enters an option agreement with Antofagasta Minerals to acquire five mining rights in Chile
• The mining rights strategically adjoin HotChili’s Cortadera discovery, allowing it to consolidate its Costa Fuego copper hub and nearly double Cortadera’s strike length
• HotChili will complete drilling at prospective targets in the area before paying US$1.5 million (A$2.2 million) to exercise its option and acquire 100 per cent of the tenements
• HotChili says the deal represents a strategic consolidation of its Cortadera discovery and has the potential to expand the resource of its broader Costa Fuego copper hub
• HCH shares close 1.64 per cent lower at 90 cents per share