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About Altiplano Metals (ALTPF)
Altiplano Metals is a dynamic mining company focused on the exploration, development, and production of high-value copper, gold, and iron resources in the Americas, with a particular emphasis on operations in Chile. The company’s vertically integrated business model combines mining activities with an advanced processing facility, enabling efficient production and cost optimization. Altiplano’s strategic focus on sustainable mining practices and reinvestment into exploration underscores its commitment to long-term stakeholder value creation.
Core Operations
Altiplano operates the Farellon Copper-Gold-Iron Mine, an Iron Oxide Copper Gold (IOCG) deposit located near La Serena, Chile. The mine has been a consistent producer of copper concentrate with gold and iron byproducts, contributing to the company’s robust revenue streams. Complementing this operation is the state-of-the-art El Peñón processing facility, located 15 kilometers from Farellon. This facility is designed to process copper, gold, and iron material, enhancing production efficiency and reducing reliance on external processors.
Exploration and Growth Strategy
Altiplano’s growth strategy is rooted in expanding its resource base through exploration and acquisitions. The company is actively advancing the Santa Beatriz Copper-Gold-Iron Project, a historical IOCG mine located near its existing operations. Recent sampling and drilling programs have confirmed high-grade copper and gold mineralization, positioning Santa Beatriz as a key contributor to future production. Additionally, Altiplano has expanded its land package in Chile with new concessions such as Socorro III and Regalo, situated in the mineral-rich Tambillos IOCG district.
Commitment to Sustainability
Altiplano is committed to sustainable mining practices, focusing on reducing its environmental footprint and optimizing resource utilization. The El Peñón facility, for instance, has transitioned to grid power, reducing reliance on diesel generators and lowering carbon emissions. The company’s efforts to blend high-grade and lower-grade materials further demonstrate its approach to maximizing resource efficiency.
Market Position and Industry Context
Operating within the copper-rich IOCG belt of South America, Altiplano benefits from access to some of the world’s most prolific mineral deposits. The company is well-positioned to capitalize on the rising demand for copper, driven by its critical role in renewable energy, electric vehicles, and infrastructure development. By integrating mining and processing operations, Altiplano differentiates itself from competitors and enhances its ability to navigate market fluctuations.
Value Proposition
Altiplano Metals offers a compelling value proposition through its combination of high-grade mining assets, advanced processing capabilities, and a strategic focus on exploration-driven growth. With a track record of reinvesting cash flow into operational improvements and resource expansion, the company is poised to deliver sustainable value for its stakeholders.
Altiplano Metals (TSXV: APN) has announced a diamond drilling program at the historic Santa Beatriz iron-oxide-copper-gold (IOCG) mine in Chile, located 45 kilometers south of La Serena and 13 kilometers south of the El Peñón processing plant.
The program includes a minimum of four holes averaging 125 meters each, targeting the Santa Beatriz main vein. The primary goal is to confirm vein continuity below Level 416 and assess mineralization 25-40 meters below this level. Results will support evaluation for constructing a decline to access deeper extraction levels.
The company has historically generated over C$22.8 million from recovering and selling more than 6.95 million pounds of copper at an average grade of 1.8% Cu between December 2018 and September 2024. Seven additional untested IOCG veins within the Santa Beatriz concession present future drilling opportunities.
Altiplano Metals (TSXV: APN) has announced the acquisition of two new mineral concessions, Socorro III and Regalo, adding 229 hectares to their existing 308-hectare land package. The properties are located within 15 km south of the El Peñón processing plant along a 4.5 km northeast-trending mineralized corridor hosting eight active small-scale Cu-Au mines in the Tambillos IOCG district.
Socorro III (29 hectares) was acquired for 30m Chilean Pesos (US$30,500) with a rent-to-own agreement, while Regalo (200 hectares) was acquired from the land claims registry. The company has generated over C$22.8 million from recovering and selling more than 6.95 million pounds of copper with an average grade of 1.8% Cu between December 2018 and September 2024.
Altiplano Metals has secured an offtake agreement with a Chilean private company for iron concentrate from its El Peñón processing facility near La Serena, Chile. This establishes a second revenue stream alongside their existing copper/gold sales. The facility has a monthly production capacity of 1,800 tonnes based on 40% magnetite content, with iron oxide concentration ranging from 65-71%. The current stockpile stands at 2,500 tonnes.
The company has historically generated over C$22.5 million from recovering and selling more than 6.95 million pounds of copper at an average grade of 1.8% Cu between December 2018 and September 2024. These proceeds have been reinvested into exploration, equipment, underground drilling, development, and the completion of the El Peñón facility.
Altiplano Metals has initiated underground bulk sampling at the Santa Beatriz historical iron-oxide-copper-gold mine in Chile, located 45 kilometers south of La Serena and 13 kilometers south of the El Peñón processing plant. The company has extracted approximately 300 tonnes in the first week of January, focusing on the western section of the mine.
The sampling area previously yielded notable results of 2.45m with 3.65% Cu, 0.29 g/t Au, and 26.97% Fe, including a 1.08m sample with 8.08% Cu, 0.63g/t Au, and 39.49% Fe. The company plans to increase extraction from 500 tonnes per month to 1,000 tonnes per month while assessing production potential. The first shipment is expected by January end.
Altiplano has historically generated over C$22.5 million from recovering and selling more than 6.95 million pounds of copper between January 2018 and September 2024.
Altiplano Metals has extended its option agreement to acquire the Santa Beatriz copper-gold-iron mine until December 2025. The mine, located 45 kilometers south of La Serena, Chile, and 13 kilometers south of the El Peñón processing plant, has seen significant technical progress.
Key developments include: completion of dewatering and refurbishment of lower mine portions, exposure of 150 additional meters of historical mine area, and identification of a 3,500-tonne zone for bulk sampling. The monthly rental payments have increased from CLP3,500,000 to CLP5,000,000, while maintaining original buyout terms.
The mine currently holds a production permit for 2,000 tonnes/month, expandable to 5,000 tonnes under Chilean small mining permits. The company has secured necessary explosives permits and expects to process the first shipment at their El Peñón facility in early January 2025. Notably, Altiplano has generated over C$22.5 million from copper sales since December 2018.
Altiplano Metals has reported promising assay results from its Santa Beatriz Copper-Gold-Iron Project. Key findings include high-grade samples with up to 3.65% Copper, 0.29 g/t Gold, and 26.97% Iron over 2.45 meters. The results, gathered from a total of 98 samples and 37 sampling channels, reveal a significant mineralization potential. CEO Alastair McIntyre expressed optimism about the geological similarities with their Farellon mine and the project's potential to enhance processing at the El Peñón mill plant. The company plans further exploration, including bulk sampling, geophysics, and diamond drilling, and has the necessary infrastructure in place for development.
Altiplano Metals has commenced mining operations at the 326 m level at the Farellon mine near La Serena, Chile, as part of ongoing underground development. This new production area will allow for the extraction of high-grade copper-gold and iron materials. The 326 m level development is expected to enhance productivity by accessing additional mineralized zones. The new mining operations aim to boost production to 5,000 tonnes per month for the El Peñón processing facility. The company has generated over $14.9 million from the sale of more than 6.55 million pounds of copper since 2018. CEO Alastair McIntyre emphasized the importance of increased copper grades and the new access points in improving operational efficiency.
Altiplano Metals Inc. reported Q1 2024 operational results from the Farellon mine in Chile, with a copper grade of 1.74% and record 2.29% in March. Production totaled 8,600 tonnes with $716,200 revenue, a 10% decrease from Q4 2023. Waste removal increased by 65% as development progresses. The El Peñón processing plant now has full power support. Stockpiles are ready for processing, and the company generated over $14.9 million from copper sales since 2018.
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