Recording date: 28th June 2023

In this insightful discussion, Hayden Locke, CEO of Marimaca Copper, sheds light on the contrasting properties of oxides and sulfides within the copper industry. They explain that copper mineralization initially begins as primary sulfide mineralization, which is present in geological deposits. As meteoric surface water interacts with these minerals, they undergo transformation and become oxides. Oxides are typically found closer to the surface or in near-surface locations, although they can also exist undercover in large deposits. The distinguishing factor between oxides and sulfides lies in their processing methods and eventual utilization.

Oxide copper species, for the most part, are leachable and can be dissolved using acid or weak acid solutions, resulting in efficient recovery of copper ions. Conversely, sulfides do not leach easily, necessitating a different treatment approach. The sulfide minerals need to be ground and separated from other minerals to produce a concentrate. Another significant disparity lies in the final products of these processes. Oxide projects yield high-purity copper cathodes, while sulfide operations generate concentrates that are subsequently sent to smelters for further processing into various copper products.

Marimaca Copper's CEO further discusses the presence of secondary sulfide minerals such as chalcopyrite and covellite within their deposits. These materials can undergo a longer leaching cycle, resulting in lower recovery rates. While oxide deposits can be relatively large, their economic viability and scale differ from sulfide projects due to variations in capital costs. Overall, understanding the differences between oxides and sulfides is crucial for effectively navigating the copper industry and optimizing resource utilization.