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

Executive Summary

• Marimaca Copper Corp. announced a best‑efforts brokered placement of 8,247,423 CDIs at A$9.70 each, targeting gross proceeds of ~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 subject to regulatory approvals (including TSX) and follows an ASX Listing Rule 7.1 waiver; trading halt on the ASX scheduled for 5 Sept 2025 with settlement expected on 11 Sept 2025.

Key Details

• Placement Size: 8,247,423 CDIs
• Price per CDI: A$9.70 (up from a floor of A$9.55)
• Gross Proceeds: Approximately A$80 million (≈C$72.08 million)
• Use of Proceeds:
• Detailed design & engineering for the Marimaca Oxide Deposit (MOD)
• Exploration at Pampa Medina Project and Marimaca sulphide target
• General corporate purposes
• Regulatory Framework: Issuance under ASX Listing Rule 7.1 waiver; completion subject to TSX approval and other regulatory consents.
• Indicative Timeline:
• Trading halt on ASX – Fri, 5 Sept 2025 (AEST)
• Halt lifted – Mon, 8 Sept 2025 (AEST)
• Settlement – Thu, 11 Sept 2025 (AEST)
• Allotment – Fri, 12 Sept 2025 (AEST)
• Lead Managers: Macquarie Capital (Australia) Ltd., Euroz Hartleys Ltd., and Beacon Securities Ltd. acting as joint lead managers.
• CEO Quote: Hayden Locke highlighted strong investor support and the ability of the raise to accelerate MOD design, engineering, and exploration programs.

Notable Quotes

“We are very pleased to see strong support from high‑quality investors for the next phase of our development and exploration plans at Marimaca and Pampa Medina… 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

Materiality Assessment: Material – Positive (significant financing that directly funds key project development milestones).