Dig Deep Marimaca Copper's Journey: A Deep Dive into the Promising Marimaca Project in Chile
In this episode, we chat with Hayden Locke, CEO of Marimaca Copper who are a TSX-listed copper miner that have a flagship asset which is their Mari-maca Copper Project in Chile’s Antofagasta region which has the promise to become one of the most significant copper‐oxide discoveries in recent years.
An engineer by background, Hayden is an experienced mining executive with a demonstrated track record in mining & metals, investment banking, private equity and technology having spent the latter part of his career developing and leading successful LSE and ASX-listed mining companies. Today he discusses the background of Marimaca Copper, their flagship project, what Copper holds in store for us and much more.
KEY TAKEAWAYS
- The Marimaca Copper Project in Chile is one of only a few new copper oxide discoveries made globally in the last decade, highlighting its potential importance in addressing the growing demand for copper.
- The project is characterised by its all-oxide resource, which allows for a lower capital intensity compared to traditional copper concentrate projects. This includes the absence of tailings storage and a simpler processing method using heap leaching.
- Securing environmental permits is identified as the biggest risk facing the project. The company is focused on thorough preparation to ensure compliance and mitigate risks associated with environmental approvals.
- There is a consensus that underinvestment in copper exploration and production, combined with increasing demand driven by the energy transition, could lead to a significant rise in copper prices in the coming years.
BEST MOMENTS
"Marimaca is one of only 3 or 4 new copper discoveries that have been made globally in the last 10 years. That is a really remarkable and quite frightening statistic for such a fundamental commodity."
"We think we'll have some of the best return on investor capital metrics in the market. The biggest challenges always with every mining project is environmental permitting."
"There has not been enough money spent, particularly in exploration, to find new copper projects. What that means is, as demand increases, you need to be finding and bringing on new production."
"We are very focused on becoming a copper producer and moving as quickly as we can to do that."
VALUABLE RESOURCES
Mail: rob@mining-international.org
LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/
X: https://twitter.com/MiningRobTyson
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast
Web: http://www.mining-international.org
https://www.linkedin.com/company/marimaca-copper-corp/
https://marimaca.com/presentations/
https://www.linkedin.com/in/hayden-locke-171aa220/
ABOUT THE HOST
Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
CONTACT METHOD
https://www.linkedin.com/in/rob-tyson-3a26a68/
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.