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Marimaca Copper Corp T.MARI

Alternate Symbol(s):  MARIF

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.


TSX:MARI - Post by User

Post by Richiechileon May 03, 2024 2:51am
254 Views
Post# 36021041

Stage is set

Stage is setLast night, Capstone are reporting first sales of concentrate from Mantoverde Develolment Project in Q2 2024 with ramp-up to nameplate in Q3 2024. Mantoverde Develomment Project is transformational for Capstone so great to see the project remains on track.   At the same time Mantos Blancos produced less than 2,000t of cathode for Q1 at a cash cost of $3.38/lb.   Mantos Blancos has a 50,000ktpa SX-EW plant within PLS pumping distance of Marimaca.  In mining terms it could not be easier.  Then add that Mitsubishi has 30% ownership of Mantoverde Development project and is an equity investor in Marimaca.   If there is a positive response to Marimaca permitting (shorter DIA route) and DFS from Ausenco later this year with continued copper price strength surely something will happen? But there are lots of other companies that should be jumping all over Marimaca as a standalone project (Ero, Hudbay, Sandfire, Antofagasta, end users).  Marimaca management and board need to keep delivering (permitting, DFS and get the exploration drill rig working).  This is not the time for Marimaca board navel gazing, strategic reviews and going slow.
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