Marimaca Copper – Update to A$80,000,000 Placement

Core Viewpoint - Marimaca Copper Corp. is conducting a brokered placement to raise approximately A$80 million (C$72.08 million) through the issuance of 8,247,423 Chess Depositary Interests (CDIs) at A$9.70 per CDI [1][2] Group 1: Placement Details - The net proceeds from the placement will be allocated to detailed design and engineering work at the Marimaca Oxide Deposit (MOD), exploration at the Pampa Medina Project, and general corporate purposes [2] - The placement is subject to ASX Listing Rule 7.1 waiver and is scheduled to occur with specific indicative dates for trading halt, settlement, and allotment [2][4] - Joint lead managers for the placement include Macquarie Capital (Australia) Limited, Euroz Hartleys Limited, and Beacon Securities Limited [5] Group 2: Company Insights - Marimaca Copper Corp. focuses on copper exploration and development, particularly its flagship Marimaca Copper Project in the Antofagasta Region, Chile [8] - The Marimaca Copper Project includes the Marimaca Oxide Deposit (MOD), which is currently undergoing a Definitive Feasibility Study led by Ausenco Chile Ltda [9] - The company aims to enhance its exploration program at both the Pampa Medina and Marimaca sulphide targets, supported by a recent robust Definitive Feasibility Study [7]