Marimaca Appoints Stantec to Advance PEA for Pampa Medina
Deal News | Feb 11, 2025 | Globenewswire
Marimaca Copper Corp. has initiated a Preliminary Economic Assessment (PEA) for its Pampa Medina project, located near its Marimaca Oxide Deposit in Chile. Stantec will conduct the study, focusing on integrating the Pampa Medina project with existing infrastructure to enhance production capacity. Historical non-NI 43-101 compliant resource estimates for both Pampa Medina Main and Madrugador have been reevaluated, with plans to verify and upgrade them. The study will explore the feasibility of onsite open-pit mining, crushing, and leaching, with a centralized SX-EW facility at the MOD. Marimaca anticipates substantial production scale increases and capital cost savings through this integration. The company believes synergistic development leveraging existing infrastructure can unlock the lower grade oxide opportunities. It is currently conducting an updated Mineral Resource Estimate (MRE) and metallurgical tests, alongside exploration activities in the Antofagasta region.
Sectors
- Mining and Metals
- Engineering and Consulting Services
Geography
- Chile – The article centers around Marimaca Copper Corp's Pampa Medina project, located in the Antofagasta Region of Chile.
- Canada – Marimaca Copper Corp is listed and subject to Canadian securities legislation, and the announcement involves Canadian regulations and reporting.
Industry
- Mining and Metals – The article involves Marimaca Copper Corp, which is in the business of copper exploration and development, making it a part of the mining and metals industry.
- Engineering and Consulting Services – Stantec, a consulting firm, has been appointed to conduct the PEA, which involves engineering and consultation services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Marimaca Copper Corp. | Target Company | Company | A copper exploration and development company focused on projects in the Antofagasta Region, Chile. |
| Stantec | Engineering Consultant | Company | A consulting firm appointed to conduct the Integration PEA for the Pampa Medina project. |
| Caracle Creek Chile SpA | Mineral Resource Estimate Consultant | Company | Responsible for preparing the Mineral Resource Estimate for the Pampa Medina project. |
| Apoquindo Minerals | Previous Resource Estimate Developer | Company | Developed historical mineral resource estimates for the Madrugador property. |
| Sergio Rivera | VP Exploration | Person | Marimaca's VP of Exploration and a qualified geologist overseeing the exploration and technical evaluations. |