Vancouver, British Columbia, April 15, 2024 – Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) is pleased to provide an update on development activities at the Marimaca Oxide Deposit (the “MOD”) led by Ausenco Chile (“Ausenco”), and exploration activities at the Sierra de Medina property block, located ~25km from the MOD. The Company has also commenced exploration trenches and surface sampling activities at the Mercedes satellite target (“Mercedes”), located approximately 1km north of the MOD.

Highlights

Permit engineering, led by Ausenco, informed by final baseline studies and updated project layout progressing to plan
MOD project permitting submission remains on track for early Q3 2024
Project layout is frozen, confirmed by condemnation drilling completed and announced Jan. 16, 2024 (see Figure 1)
The DFS development strategy optimization, led by Ausenco, is near completion
Workstream intended to finalize optimal development strategy for the MOD, focusing on capital intensity and mine planning and targeting a scale-up from the 2020 Preliminary Economic Assessment (“PEA”)
DFS remains on track for completion in late Q4 2024
The Company is currently considering strategic options to progress immediately into detailed engineering of the MOD post-DFS in 2025
2024 work plan (permitting and DFS engineering) remains fully funded

see & read more on
https://marimaca.com/marimaca-copper-project-development-and-exploration-update/