The Fly | MARIF

Low Operating Cost Potential: The Marimaca deposit's oxide nature is well-suited for a low-cost Solvent Extraction Electrowinning (SX-EW) processing route, which typically results in significantly lower operating expenditures compared to conventional concentrator operations.

Favorable Mining Jurisdiction: Located in Chile, a world-leading copper producer, the project benefits from a stable political environment, established mining laws, skilled workforce availability, and extensive mining supply chains.

Excellent Infrastructure Access: The project site is strategically positioned at a low elevation, close to existing power grids, paved roads, fresh water sources, and a major port, substantially reducing initial capital expenditure and ongoing logistical costs.

Project Development & Construction Delays: The company's primary asset is still under development, carrying significant risks of construction cost overruns, schedule delays, and technical challenges in bringing the mine into commercial production.

Copper Price Volatility: Marimaca's future revenue and profitability are highly dependent on global copper prices, which are subject to significant fluctuations due to supply and demand dynamics, economic conditions, and geopolitical events.

Permitting & Regulatory Uncertainty: Obtaining and maintaining all necessary environmental and operating permits for the Marimaca project can be a complex, time-consuming, and uncertain process, subject to changes in regulations and stakeholder opposition.