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Marimaca is a development company focused on its namesake asset in northern Chile. A preliminary economic assessment released in August 2020 based on only oxide resources returned an NPV of more than US$520 million (post-tax, 8%) and an IRR of 33.5% for an openpit operation based on a copper price of $3.15 per pound. Copper was trading at more than $4.50/lb at time of writing. The geological interpretation of the Marimaca deposit is that it sits within an iron-oxide-copper-gold district. Regional geophysics have identified multiple targets of similar scale and characteristic to Marimaca, while deeper drilling has encountered sulphide mineralisation below the Marimaca oxide deposit. Drilling in 2021 will target a sulphide resource at Marimaca and test three priority regional targets at Mercedes, Cindy and Roble, which will initially be tested for oxide mineralisation. Early results back are in line with the geological interpretatio 

READ THE FULL INVESTOR INSIGHT REPORT (12 Pages)

INSIDE THE INVESTOR INSIGHT REPORT:

FOREWORD AND CONTENTS 2 
COMMODITY 3 
ASSET METRICS 4 
ASSET RATING 5 
JURISDICTION RATING 6
TEAM 7 
NEAR-TERM CATALYSTS 8 
RESOURCES 9 
APPENDICES 10 

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Marimaca explains its plans to develop and expand its namesake project – the only significant copper discovery in the past five years

FIND OUT MORE ABOUT MARIMACA

Managing risk in Chile: 

Signs of an undiscovered copper district: 

Marimaca building first-rate team: 

Copper is the new oil: 

Mr Hayden Locke

President & Chief Executive Officer

Mr. Hayden Locke joined the board of Directors in July 2020. Hayden is a highly experienced mining executive, having spent the latter part of his career developing and leading successful LSE and ASX-listed mining companies. Prior to that he worked in investment banking with J.P. Morgan and mining private equity with Barclays Natural Resource Investments. Since early 2018, Mr. Locke has been Chief Executive Officer of AIM-listed Emmerson Plc (“Emmerson”), a Moroccan focused potash development company, where he remains on the board as a Director.

Exclusive: Investor Insight - Marimaca Copper

Chile is an A-rated jurisdiction in Mining Journal’s Investment Risk Index but is not without challenges. Marimaca CEO Hayden Locke explains how issues such as a constitutional overhaul and union pressures will be managed. 

The Marimaca oxide deposit looks to continue into sulphide mineralisation below, while its geological signature is repeated multiple times across the region signalling district-scale blue-sky potential.

The red metal holds the key to the energy transition, underpinning a multi-decade demand story. Marimaca CEO Hayden Locke explains supply-side concerns and reveals the price in his long-term models.

Marimaca CEO Hayden Locke is opportunistically surrounding himself with the necessary skills sets to design and execute the optimal development plan for the Marimaca deposit.

Chris Cann 

Head of Aspermont Research & Intelligence 

Educated in Western Australia, where he completed a bachelor of science and post-graduate diploma in journalism, Chris began his resources reporting career in 2004 with publishing houses Paydirt Media (Paydirt, Gold Mining Journal) and Aspermont (RESOURCEStocks, MiningNews.net). Since arriving in the UK he has completed a geology degree (first class) from the University of London in 2013; the Level Three Capital Markets Programme (Securities) through the Chartered Institute for Securities and Investment; and a financial modelling course at City of London University. He became Mining Journal editor in 2015 before building out Aspermont’s dedicated research unit in 2017, at which point he became head of Aspermont research and intelligence. 

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