2 Stocks with LADU Conference Presentations - HCH and LRS

The following two companies from the metals and mining sector recently presented at the Latin America Down Under (LADU) Conference in Perth, Australia. The S&P/ASX 300 Metals and Mining Index was 0.69% up at 4,284.5 at the time of trading on 16 May 2019, 12:10 PM AEST.

Hot Chili Limited

Hot Chili Limited (ASX: HCH), based in Applecross, Australia, is a mineral exploration company with operations across Australia and Chile. It has a key interest in copper, gold, and molybdenum deposits, and silver co-products.

At the LADU Conference, Hot Chili reported a game changer milestone as it executed an option with private Chilean mining group SCM Carola to acquire 100% interest (Purchase price of USD 30 million) in major copper-gold discovery, named Cortadera, located 14-km from its flagship Productora copper project located to the south of the township of Vallenar, Chile.

The company also demonstrated a comparison between the recent big Copper discoveries including Hot Chili’s Cortadera, Rio Tinto’s Winu in Patterson Province, WA, Australia and SolGold’s Cascabel in Andes, Ecuador, South America. So far, around USD 15 million have already been spent in drilling and exploration at Cortadera. The deep RC confirmation drill results and the first DD drill results across the main porphyry are both expected to be disclosed in the coming weeks, while strategic funding discussions with multiple groups are underway.

Besides, around 39 RC drill holes were completed at the San Antonio Mine (a high-grade satellite) for approximately 4,600 m in July 2018. A combined revised Pre-feasibility study (PFS) is expected to begin by Q1 2020 to deliver the first Mineral Resource estimate for Cortadera and high-grade satellites into a combined resource base for Hot Chili.

Hot Chili closed the quarter ended 31ST March 2019 with net cash of AUD 3.05 million. HCH stock is currently trading at AUD 0.031 with ~ 4.99 million shares traded (as on 16th May 2019, 11:55 PM AEST).

Latin Resources Limited

Latin Resources Limited (ASX: LRS), based in West Leederville, Australia, is engaged in the exploration and evaluation of mining projects in Australia and Brazil, Peru, and Argentina in Latin America (current projects illustrated in the figure below).

In its Presentation for the LADU Conference, Latin Resources explained its strategy, as per which the company aims to build projects with quality JV partners. Over the last 10 years in South America, the Latin Resources has spent ~ $ 25 million on explorations works.

Led by a strong management team with extensive experiences, the company has Chris Gale as its Managing Director, Sam Moyle as the Exploration Manager and Miguel Di Nanno as the General Manager on board.

The Company has interest in over 173,000 hectares of exploration concessions in the lithium pegmatite districts of Catamarca and San Luis, Argentina; a portfolio of projects in Peru and actively progressing its Iron Oxide-Copper-Gold and Copper Porphyry projects in the Southern region of Ilo with its JV partner First Quantum Minerals Ltd. Besides, Latin Resources recently divested its other Peruvian copper projects into Canadian listed company Westminster Resources and is now Westminster's largest shareholder.

The company closed the quarter ended 31st March 2019 with net cash of AUD 225K, and a snapshot of its activities for the three-month period is as follows:

With around 3.58 billion outstanding shares, the LRS stock is currently trading at AUD 0.002, up by 100% with ~ 0.29 million shares traded (as on 16th May 2019, 12:12 PM AEST.


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