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  • Marimaca Copper (MARI) has announced changes to its board of directors and senior management team
  • The changes come as the company prepares to transition from an exploration company to copper developer and producer
  • The company continues to complete various surface exploration programs including geochemical sampling and mapping across its large land package
  • Marimaca Copper is a copper exploration company with a vision is to explore and develop new sources of copper to supply an increasing global demand
  • Marimaca Copper (MARI) is down 4.10 per cent and is trading at $5.38 per share

Marimaca Copper (MARI) has announced changes to its Board of Directors and senior management team.

These changes come as the company prepares to transition from an exploration company to a copper developer and producer.

The following changes will be made to the structure of the board of directors and senior management team:

  • Mike Haworth will transition from executive chair to non-executive chair as the current president of the company, Hayden Locke, is appointed as Chief Executive Officer and board member;
  • Petra Decher will step down from her position on the board of directors and transition to a new role as Chief Financial Officer;
  • To fill Ms. Decher's position on the board, Colin Kinley will serve in her place as lead independent director and chair of the audit committee;
  • The company has created a new opening for a Chief Operating Officer, which will be filled by Luis Tondo.

Mike Haworth, Chair of the Board of Directors, commented,

“As we move forward with the development of the Marimaca Oxide Deposit, we are entering an exciting but often challenging transition phase in any junior mining company’s development."

He added,

“Marimaca is a unique project, and we are committed to its progression towards development and ultimately production. In parallel, we are continuing our exploration efforts to grow our current mineral resource inventory and we continue to be extremely excited by the results we see in the various exploration programs underway."

The company continues to complete various surface exploration programs including geochemical sampling and mapping across its large land package.

Marimaca Copper is a copper exploration company with a vision is to explore and develop new sources of copper to supply an increasing global demand.

Marimaca Copper (MARI) is down 4.10 per cent and is trading at $5.38 per share as of 3:50 pm ET. 

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