Marimaca Copper Corp. has announced the results of the Definitive Feasibility Study for its Marimaca Oxide Deposit, targeting 50 ktpa of copper cathode production for 13 years. The study reveals a pre-production capital cost of US$587m and capital intensity of US$11,700/tonne of copper production capacity. Steady state production is estimated at 49 ktpa of Grade A LME copper for the first five years and 43 ktpa on average over the life of the mine. The study indicates robust forecast economics with a Post Tax NPV8 of US$709m and IRR of 31% at a long-term copper price of US$4.30/lb.

The study also revealed the potential future growth opportunities with inferred resources currently treated as waste and exploration potential for regional oxide deposits and sulphide exploration at Marimaca and Pampa Medina. The study includes initial designs for potential future scale expansions, purpose-built water infrastructure, and alternative contracting strategies to reduce initial capital costs.

The Company plans to host an investor presentation to discuss the study’s findings and engage with shareholders and potential investors. The study highlights the MOD as an attractive copper development opportunity with competitive operating costs and superior return on invested capital metrics. The Company aims to bring the MOD into production quickly and continue its growth strategy to become a significant global copper producer.

Read more at GlobeNewswire: MOD Feasibility Study Confirms Robust Capital Intensity and