How Marimaca’s DFS Unlocks a Low-Cost, High-Return Copper Project in Chile

• Initial capital cost of US$587 million with low capital intensity
• 13-year reserve life supporting 50,000 tonnes per annum copper cathode production
• Post-tax NPV8 of US$709 million and IRR of 31% at US$4.30/lb copper price
• Maiden Proven and Probable Ore Reserve of 178.6 million tonnes at 0.42% copper