Marimaca Copper Corp T.MARI

Alternate Symbol(s): MARIF

Metals & Mining Copper

Marimaca Copper Corp. is a Canada-based exploration and development company focused on base metal projects in Chile. The Company’s principal asset is the Marimaca Copper Project, located in the Antofagasta Region of northern Chile. The Marimaca Copper Project is situated at a low altitude in Chile’s Coastal Copper Belt, 25 kilometers (km) east of the port of Mejillones and 45 km north of Antofagasta, Marimaca has access to water and power, road and rail networks supplying sulphuric acid and other consumables, as well as deepwater ports. The Marimaca Copper Project comprises a set of concessions (the 1-23 Claims), properties 100% owned and optioned by the Company, combined with the adjacent La Atomica and Atahualpa claims, over which Marimaca Copper has the right to explore and exploit resources. The Company also has an option agreement to acquire the Pampa Medina project (Pampa Medina), which consists of four mining concessions totaling 144 hectares.

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Marimaca Copper Corp

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Post by Richiechileon Jun 05, 2020 10:10am

223 Views

Post# 31116001

Market waking up

A really exciting time for Marimaca. On the one hand, systemic copper supply constraints, global government stimulus post Covid and demand growth for EVs and renewable energy. Copper price will bounce back very hard and very quickly. Post the GFC copper went from $1.37/lb in Dec 2008 to $4.37/lb in Jan 2011. I can see a repeat. On the other hand, Marimaca will become a mine. Great location, simple permitting, no community or land issues, simple low strip open pit, great infrastructure and financeable. 40ktpa of copper production in the bag and much more exploration upside to come including sulphides. Bring it on!

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