Exploration SuccessContinued exploration success at Marimaca, and throughout the land package, will support an increase in resources to enhance mine life.
Funding And DevelopmentThe proceeds provide Marimaca with funding for its next phase of development, including early site works and long lead items, as well as exploration.
Investor SupportMarimaca noted the placement was strongly supported by both new institutional and sophisticated investors and existing shareholders, with demand for the placement significantly exceeding the targeted quantum.