Marimaca Copper Stock

Marimaca Copper Corp., together with its subsidiaries, engages in the exploration and development of base metal projects in Chile.

In Chile, the company owns a 100% interest in SCM Berta, 100% of Minera Rayrock Limitada mining properties and has a 100% interest in the SCM Newco Marimaca who owns the 1-23 Property. It also holds options to acquire certain claims adjacent and close to the Marimaca 1-23 concession and owns the Celeste Sur and Llancahue projects.

The company has two material mineral properties, the Marimaca Project, which includes the Marimaca 1-23 property, as well as other adjacent or close to it, and the SCM Berta Property. The Marimaca Project is the company’s principal asset. It is located in Chile’s Antofagasta Province, Region II, approximately 45 km north of the city of Antofagasta, 25 km to the east of the port of Mejillones and approximately 1,250 km north of Santiago.

The Marimaca Project mining property includes 60 individual claims totaling approximately 5,840 hectares in area.

The 100% owned Celeste Sur iron ore project is located 55km NE of the port of Chañaral, in the Region of Atacama Chile. The Celeste property includes various concessions covering approximately 2,800 hectares.

History

Marimaca Copper Corp. was incorporated in 2004. The company was formerly known as Coro Mining Corp. and changed its name to Marimaca Copper Corp. in May 2020.