Interview with Nico Cookson, Head of Corporate Development & Strategy of Marimaca Copper

Our previous interview: https://www.cruxinvestor.com/posts/marimaca-copper-tsxmari-high-grade-discovery-for-mine-builder-6499

Recording date: 18th February 2025

Marimaca Copper Corp (TSX: MARI) announced a significant step forward in permitting its flagship Marimaca Copper Project in Chile. The company has received the Consolidated Request for Clarifications, Rectifications and/or Extensions (ICSARA) from environmental regulators, marking the first milestone in the evaluation of its submitted Environmental Impact Statement (DIA).

This progress keeps Marimaca on track to potentially receive its Environmental Qualification Resolution (RCA) and full project approval in late 2025. Permitting is one of the most critical risk factors for any mining project, so successful navigation of this process is essential for Marimaca to transition from an explorer to a copper producer.

The ICSARA provides the initial feedback and additional information requests from the multi-agency regulatory review of Marimaca's comprehensive 4,000+ page DIA submission. The DIA, which the company filed in December 2024, was the culmination of several years of baseline data collection, analysis and project design work.

Marimaca will now respond to the ICSARA, addressing any outstanding regulatory queries. The company noted that sustainability and social considerations have been core to the project design from the outset, which it believes aligns with Chile's goal to grow critical minerals supply in a responsible manner.

In parallel with permitting, Marimaca is also advancing a Definitive Feasibility Study (DFS) on the oxide project and continuing exploration on the nearby Pampamadena targets. The company sees the potential to develop a scalable mining district anchored by the Marimaca deposit.

The global copper market is widely forecast to enter a period of structural supply deficits and higher prices later this decade, as demand growth from electrification outpaces supply. With the permitting process advancing as expected, Marimaca appears well-positioned to capitalize on this window of opportunity.

As one of the more advanced oxide copper projects in Chile, Marimaca offers investors exposure to a relatively low-risk, quick-to-production asset with meaningful upside potential in a premier mining jurisdiction. Successful completion of permitting is the key to unlocking this value.

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View Marimaca Copper's company profile: https://www.cruxinvestor.com/companies/marimaca-copper

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