Altiplano Metals - ALTPF STOCK NEWS

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.

Altiplano Metals Inc. reports a successful Q4 2023 operation at the Farellon Copper-Gold-Iron mine in Chile, showcasing increased production and revenue. The company extracted 9,114 tonnes of mineralized material, processed 8,125 tonnes, and achieved a 12% and 13.6% increase in production and processing, respectively, from Q3. Copper grade improved to 1.87%, generating US$798,919 in revenue from 325,328 pounds of copper sales, a 25% increase from Q3. The company aims to optimize processing efficiencies through blending stockpiled material with newly mined material. President and CEO Alastair McIntyre highlights the success and growth prospects for 2024.

Altiplano Metals Inc. reports progress at El Peñón processing facility in Chile, optimizing milling and flotation processes to enhance productivity and concentrate production. Key improvements include gearing replacement, instrumentation upgrades, and speed adjustments. The company successfully produced copper/gold and iron concentrates, with plans to focus on concentrate sales and efficiency. President and CEO Alastair McIntyre expressed satisfaction with the results, highlighting the milestone achieved and future growth prospects.