Marimaca Copper (TSX:MARI) - Aggressive 2025 Exploration to Build on 5% Copper Discovery Success

Interview with Hayden Locke, CEO and President of Marimaca Copper Corp

Our previous interview: https://www.cruxinvestor.com/posts/marimaca-copper-tsxmari-acquisition-increases-copper-resource-6061

Recording date: 31st of December, 2024

Marimaca Copper has made a significant high-grade copper discovery at its Pampa Medina project in northern Chile, marking a potential game-changer for the company's growth trajectory. The discovery hole, located 400 meters north of the historical resource, revealed impressive grades including 0.5% copper over 400 meters, with higher-grade zones of 1% copper over 100 meters, and notably, a 20-meter interval grading over 5% copper.

The Pampa Medina discovery is part of an emerging copper belt, situated just 20 kilometers from Antofagasta Minerals' major Cachorro discovery. The proximity and geological similarities to Cachorro suggest significant potential for the region. Marimaca has strategically consolidated its land position in the area, recently securing the Madrugador land package south of Pampa Medina for $12 million over five years.

The company plans to integrate Pampa Medina into its broader development strategy, with the potential to increase production by at least 50% over a minimum 10-year period. The project's shallow, leachable oxide characteristics make it particularly attractive for development alongside the company's flagship Marimaca oxide project.

Looking ahead to 2025, Marimaca will pursue a dual-track strategy: advancing the Marimaca oxide project toward production while aggressively exploring Pampa Medina. The company plans to invest in a 10,000-12,000 meter drilling program at Pampa Medina, starting January 2025, to follow up on the discovery and test extensions in all directions.

In 2024, the company achieved several key milestones, including strengthening its balance sheet with a new strategic investor, expanding its technical team with experienced professionals from Capstone Copper, and submitting the environmental permit application for the Marimaca oxide project.

CEO Hayden Locke remains optimistic about copper's long-term prospects, particularly due to growing electricity demand and the necessary global grid infrastructure upgrades. Despite near-term economic uncertainties, he sees strong fundamentals supporting copper prices, driven by electrification needs rather than just energy transition demands.

The company envisions developing a centralized processing hub at the Marimaca project, which could potentially serve multiple deposits in the region, including Pampa Medina. This hub-and-spoke approach could optimize infrastructure usage and improve the economics of developing lower-grade deposits in the area.

With an experienced management team, strengthened balance sheet, and clear development strategy, Marimaca Copper is positioning itself as a significant player in Chile's copper sector, focusing on both near-term production and long-term growth through exploration success.

Learn more: https://www.cruxinvestor.com/companies/marimaca-copper

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