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Marimaca Copper (TSX:MARI) appoints new President

Mining
TSX:EMSNF
20 July 2020 12:55 (EDT)

Marimaca Copper (MARI) has appointed former Emmerson CEO Hayden Locke as the company’s new President.

Luis Tondo, the current CEO and President, will leave the former position but will stay on as CEO.

Hayden will work alongside Luis and the Executive Chairman of the company, Michael Haworth.

Michael Haworth, the Executive Chairman of Marimaca Copper said he was delighted that Hayden had signed onto the company, calling it 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. 

“This experience will be a vital for our company as we seek to realise the true value of our assets,” Michael said.

Michael went on to say that Hayden had a track record of executing value creating strategies in companies specifically during the exploration phase/

Hayden Locke was formerly the CEO of the AIM-listed Emmerson plc, a company focused on developing a Moroccan potash deposit.

He led the company through the early stages of exploration before delivering a significant drilling program and then a feasibility study in June of this year.

Before running Emmerson, Hayden worked as a mining investment banker and has run London Stock Exchange and Australian Stock Exchange companies.

For his part, the new President said he was delighted to be joining the company at what he described as an exciting time.

“The Marimaca Copper project is one of only a handful of copper discoveries that has been made in the last five years, and the ongoing, untested, exploration potential within the company’s claims package is extremely compelling,” Hayden said.

“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,” he said. 

Marimaca Copper Corp (MARI) is up four per cent and is trading at C$2.37 per share at 3:30 pm EDT

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