Marimaca Copper Announces A$80,000,000 Placement

Executive Summary

• Marimaca Copper Corp. announced a brokered placement of 8,376,964 Chess Depositary Interests (CDIs) at A$9.55 each, targeting gross proceeds of approximately A$80 million (≈ C$72.08 million).
• Net proceeds will fund detailed design and engineering for the Marimaca Oxide Deposit (MOD), exploration at the Pampa Medina Project and Marimaca sulphide target, and general corporate purposes.
• The placement is being conducted on a best‑efforts basis in Australia and select jurisdictions outside Australia (excluding Canada); joint lead managers are Macquarie Capital (Australia) Ltd., Euroz Hartleys Ltd., and Beacon Securities Ltd.

Key Details

• Placement Size: 8,376,964 CDIs
• Price per CDI: A$9.55
• Gross Proceeds Target: ~A$80 million (≈ C$72.08 million)
• Use of Proceeds:
• Detailed design & engineering for the Marimaca Oxide Deposit (MOD)
• Exploration at Pampa Medina Project
• Exploration of Marimaca sulphide target
• General corporate purposes
• Regulatory Waiver: CDIs issued under ASX Listing Rule 7.1 waiver.
• Indicative Timeline:
• Trading halt on ASX – Fri 5 Sep 2025 (AEST)
• Halt lifted – Mon 8 Sep 2025 (AEST)
• Settlement – Thu 11 Sep 2025 (AEST)
• Allotment – Fri 12 Sep 2025 (AEST)
• Closing Conditions: Subject to receipt of all required regulatory approvals, including TSX approval.
• Lead Managers: Macquarie Capital (Australia) Limited; Euroz Hartleys Limited; Beacon Securities Limited.
• CEO Quote: Hayden Locke highlighted strong investor support and the placement’s role in advancing MOD design/engineering and expanding exploration at Pampa Medina and sulphide targets.

Notable Quotes

“We are very pleased to see strong support from high‑quality investors for the next phase of our development and exploration plans… This raise will allow us to move expeditiously into the detailed design and engineering phase at the MOD, as well as expand the exploration program…” – Hayden Locke, President & CEO, Marimaca Copper Corp.