Marimaca Copper: Appointment of Company President
July 20 2020 - 8:00AM
Marimaca Copper Corp. (“Marimaca Copper” or the
“Company”) (TSX: MARI) is pleased to
announce the appointment of Mr. Hayden Locke as President of
Marimaca Copper, effective immediately. Mr. Locke will be working
alongside the Company’s CEO, Mr. Luis Tondo, and Executive
Chairman, Mr. Michael Haworth.
Hayden is a highly experienced mining executive,
having spent the latter part of his career developing and leading
successful LSE and ASX-listed mining companies. Prior to that he
worked in investment banking with J.P. Morgan and mining private
equity with Barclays Natural Resource Investments.
Since early 2018, Mr. Locke has been Chief
Executive Officer of AIM-listed Emmerson Plc (“Emmerson”), a
Moroccan focused potash development company, where he remains on
the board as a Director. Prior to this, Hayden was Head of
Corporate for ASX-listed gold developer Papillon Resources, which
was acquired by B2Gold in late 2014 for US$600 million, and Head of
Corporate and Technical Services (Geology, Mining and Processing)
with ASX-listed potash developer, Highfield Resources.
Michael Haworth, Executive Chairman of
Marimaca Copper commented:
“We are delighted that Hayden has agreed to
bring his wealth of experience to Marimaca Copper as the Company’s
new President. The Company is at a pivotal moment in its
development. We believe we are on the verge of unlocking the
significant exploration potential of our flagship Marimaca Copper
Project and in our extensive claims package surrounding it. Hayden
has a proven track record developing and executing value creating
strategies in companies in both the exploration phase as well as in
financing and development. This experience will be vital for our
Company as we seek to realise the true value of our assets.”
Hayden Locke, President of Marimaca
Copper, commented:
“I am delighted to be joining Marimaca Copper at
this exciting time in its development. The Marimaca Copper Project
is one of only a handful of new copper discoveries that has been
made in the last five years, and the ongoing, untested, exploration
potential within the Company’s claims package, as evidenced by the
recent announcement with respect to the magnetic anomaly at the
Marimaca Project, is extremely compelling.
“I look forward to working with Mike, Luis and
the broader Marimaca Copper team as we continue to progress the
Marimaca Project and assess the exceptional exploration potential
in its extensive land package.”
About Hayden Locke
Mr. Locke initially studied engineering and
commerce before completing a graduate degree in mineral exploration
geosciences through Curtin University and the Western Australian
School of Mines. He commenced his career in investment banking in
London, initially with Deutsche Bank and then J.P. Morgan before
returning to Australia in 2009. On his return to Australia, Hayden
joined the Australasian office of Barclays Natural Resource
Investment, a private equity investment vehicle focused on metals
and mining, energy, and renewable energy, with over US$2 billion in
committed capital.
In 2011, Mr. Locke was recruited as Head of
Corporate for Australian gold explorer Papillon Resources. Papillon
discovered and fully permitted the five million-ounce Fekola Gold
Project in Mali, West Africa, completing a several technical
studies and capital raisings, before eventually selling the company
to Canada listed gold producer B2Gold for over US$600 million in
2014.
In 2014, Mr. Locke joined ASX listed Spanish
potash developer Highfield Resources as Head of Corporate and Sales
& Marketing. As of mid-2017, he also assumed responsibility for
the Technical Services Department managing geology (resource and
reserve estimation), mining, metallurgy and processing.
In late 2017, Hayden led the reverse acquisition
and re-listing, to the mainboard of the London Stock Exchange
(“LSE”), of Emmerson Plc (“Emmerson”) (LSE:EML). Following its
re-admission to the LSE in June 2018, Mr. Locke was appointed CEO
of Emmerson, where he remains on the board as a Director. In just
over two years, Hayden transformed Emmerson from an early stage
explorer, guiding it through a significant infill drilling campaign
and resource upgrade, completed a comprehensive metallurgical
testing program and several technical studies, and delivered the
Feasibility Study in June 2020.
Contact Information
For further information please visit
www.marimaca.com or contact:
Tavistock +44 (0) 207 920
3150Jos Simson/Emily Mossmarimaca@tavistock.co.uk
Notes to Editors
Marimaca is fast becoming recognised as one of
the most significant copper discoveries in Chile in recent years as
it represents a new type of deposit which challenges accepted
exploration wisdom and promises to open up new frontiers for
discoveries elsewhere in the country. Marimaca is hosted by
intrusive rocks while the numerous manto deposits in the same
region are hosted by volcanics. With a lack of new copper
exploration discoveries in Chile, the growing Marimaca resource is
a high-profile development project as it is situated in the coastal
belt at low elevation close to Antofagasta and Mejillones. This
prime location could enable its future development at a relatively
modest capital investment. Marimaca will benefit from nearby
existing infrastructure including roads, powerlines, ports, a
sulphuric acid plant, a skilled workforce and seawater.
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