- CEO
- Hayden Thomas Locke
- Full Time Employees
- 46
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 885 West Georgia Street Vancouver BC Canada V6C 3E8
- IPO Date
- Jun 12, 2007
- Business
- Marimaca Copper Corp. (TSX:MARI, ASX:MC2) is a Canada-based exploration and development company focused on copper and other base metal projects in Chile. The company advances its flagship 100%-owned Marimaca Copper Project, located in Chile's Antofagasta region, which hosts the Marimaca Oxide Deposit (MOD), an IOCG-type copper oxide deposit amenable to low-cost heap leach processing to produce high-quality copper cathode; it also explores adjacent districts including La Atómica, Atahualpa, and the Sierra de Medina property block spanning over 15,000 hectares for additional oxide and sulphide potential. Founded in 2004 and headquartered in Vancouver, British Columbia, Marimaca operates primarily in Chile with a presence in Canada through its subsidiaries such as Minera Cielo Azul Ltda.; the company targets mining customers and investors in the global copper market, emphasizing sustainable greenfield development in one of the world's premier mining jurisdictions. In recent developments, Marimaca completed a C$30.3 million private placement in August 2024 led by Assore International Holdings, which acquired a 14.99% stake to support project advancement; announced an A$80 million placement in September 2025 to fund detailed engineering at MOD, exploration at Pampa Medina and sulphide targets; secured a binding option in August 2025 to acquire a 150ktpa used sulfuric acid plant for US$2.5 million to reduce key input costs by up to 30%; and released its 2025 Definitive Feasibility Study for MOD in August 2025, confirming robust economics with a maiden Ore Reserve, 31%+ IRR, and advancement toward a final investment decision in H2 2026.