Marimaca Copper Corp. (TSX: MARI, ASX: MC2) is a copper development and exploration company focused on its 100%-owned assets in Chile's Antofagasta region. Its strategy is centered on developing its flagship, near-production Marimaca Oxide Deposit (MOD) while aggressively exploring the high-grade, newly discovered Pampa Medina project, positioning it to become a significant mid-tier copper producer.
An experienced team led by President & CEO Hayden Locke, with deep expertise in mine development, operations, and finance. Key members include VP Exploration Sergio Rivera, credited with the MOD discovery, and a board featuring industry veterans from First Quantum Minerals and Greenstone Resources.
Status: Permitting and financing advanced, construction targeted for 2026.
Production: 50 ktpa copper cathode (LOM avg.)
Mine Life: 13 years based on current reserves.
Economics (DFS): Post-Tax NPV₈ of US$709M (at $4.30/lb Cu), IRR of 31%, with a 2.5-year payback.
Advantages: Exceptionally low strip ratio (0.8:1), second-quartile AISC, and simple SX-EW processing.
A potential "Tier 1" sediment-hosted copper discovery 28km from the MOD.
Recent drilling highlights include 6m of 12.0% Cu.
Represents significant, near-surface oxide and high-grade sulphide resource growth potential.
Benefits from some infrastructure advantages and low permitting risk as the MOD.
Cash Position: US$23 million (debt-free).
Recent Financing: Completed placements in 2025 totalling ~US$90M to fund development and exploration.
Cash Runway: Approximately 15 months as of Dec 2024; significantly extended by recent financings.
Next Major Milestone: Securing project debt financing.
Short-Term (0-24 months): Secure permits and project financing for MOD; advance construction readiness; complete initial Pampa Medina resource assessment.
Long-Term (3-5+ years): Achieve first production at MOD; expand production to 70ktpa+ via Pampa Medina; evaluate sulphide potential beneath existing deposits.
Environmental: SX-EW processing eliminates smelting emissions; planned use of seawater minimizes freshwater impact; low-strip ratio reduces energy intensity.
Social: Located in an arid region with no local communities, minimizing social impact; will generate regional employment.
Governance: Experienced board with independent representation; transparent reporting on TSX and ASX.
Marimaca Copper offers a unique value proposition: a near-term, low-capital-intensity copper development project (MOD) with robust economics, complemented by a potentially company-making, high-grade new discovery (Pampa Medina). Its projects are in a top-tier mining jurisdiction with excellent infrastructure. With a strong, experienced management team, a solid financial position following recent fundraisings, and a clear path to production, the company is well-positioned to become a mid-tier copper producer. The significant exploration upside at Pampa Medina provides a potential catalyst for substantial resource and production growth beyond the already valuable MOD project, offering leverage to strong long-term copper market fundamentals.
Join Kevin Dwyer, a seasoned stock trader, and Robynne Eaton, an entrepreneurial filmmaker, in 'The Mine$tockers' as they embark on a thrilling international quest. Venturing into rugged and often perilous mining territories, they investigate publicly traded mining companies, from gold to base metals, seeking profitable investments and making critical investment decisions.
Their journey digs deep into the lives of local communities and complex relationships between mining operations, environmental stewardship, and Indigenous peoples. With insights from geologists, experts, and Indigenous partners, Kevin and Robynne evaluate each company's environmental and social governance, revealing the intricate balance of industry standards and ethical practices.
Travel alongside them in diverse modes, from RVs to seaplanes, as they uncover the hidden stories and histories of the mining world, offering a unique perspective on the challenges and beauties of the global mining landscape.
But the adventure doesn't stop with watching - viewers can dive into the action themselves with the Mine$tockers Fantasy Trading Pool. This immersive experience allows you to create your own trading portfolio with $100,000 in fantasy bucks and compete against the Mine$tockers throughout the season. The stakes are high: half of the growing cash prize pool goes to the top-performing trader, while the other half is earmarked for a charity of the Mine$tockers' choice. However, if the Mine$tockers themselves clinch the top spot on the scoreboard at season's end, the entire prize pot will be donated to charity. It's not just about watching investments unfold - it's about testing your own trading mettle in this high-stakes, real-time challenge.
With over 20 years of experience in the film industry as both a producer and actor, Robynne Eaton brings her keen eye and storytelling expertise to Mine$tockers. She'll investigate the history surrounding ESG (Environmental, Social, and Governance) practices and help tell the story of the mining world through her unique perspective.
Robynne's passion for uncovering the truth shines as she delves into the intricacies of mining operations. Her professional film production background and engaging personality allow her to present an unbiased and captivating view of the industry.
Former Bay Street trader, Kevin Dwyer, has transitioned from his role as an over-the-counter stock trader in the resource sector to a private investor and adventurer. He now visits mining properties to gain firsthand insights.
The Mine$tockers believe in making informed investment decisions in the mining industry. They carefully evaluate established and up-and-coming mining stocks, interact with local communities and base their trades on their findings.
With a wealth of experience in the great outdoors, Kevin has traveled to diverse destinations, from the northern wilderness to the southern deserts. He is an avid sportsman, hiker, and adventurer.
MineStocker Bali loves to get details of lunch firsthand.
Bali will examine the local food highlights while checking out local canine!
Who are the people on-site, in the mine office as well as in town? Meet them with Bali, see them from her eyes.
Bali has traveled to many fantastic and exciting places for lunch and will lead the way!