Altiplano Enters Sales Contract for Iron Concentrates Adding a Second Revenue Stream
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 ha stipulato un accordo di off-take con un'azienda privata cilena per il concentrato di ferro dalla sua struttura di lavorazione El Peñón, situata vicino a La Serena, in Cile. Ciò stabilisce un secondo flusso di entrate accanto alle loro vendite di rame/oro esistenti. Lo stabilimento ha una capacità produttiva mensile di 1.800 tonnellate basata su un contenuto di magnetite del 40%, con una concentrazione di ossido di ferro che varia dal 65% al 71%. L'attuale stockpile è di 2.500 tonnellate.
L'azienda ha storicamente generato oltre C$22,5 milioni dal recupero e dalla vendita di oltre 6,95 milioni di libbre di rame con un grado medio dell'1,8% di Cu tra dicembre 2018 e settembre 2024. Questi proventi sono stati reinvestiti in esplorazione, attrezzature, perforazione sotterranea, sviluppo e completamento della struttura di El Peñón.
Altiplano Metals ha firmado un acuerdo de compra con una empresa privada chilena para el concentrado de hierro de su planta de procesamiento El Peñón, ubicada cerca de La Serena, Chile. Esto establece una segunda fuente de ingresos además de sus ventas existentes de cobre/oro. La planta tiene una capacidad de producción mensual de 1,800 toneladas basada en un contenido de magnetita del 40%, con una concentración de óxido de hierro que varía entre el 65% y el 71%. El inventario actual es de 2,500 toneladas.
La compañía ha generado históricamente más de C$22.5 millones al recuperar y vender más de 6.95 millones de libras de cobre con un grado promedio del 1.8% de Cu entre diciembre de 2018 y septiembre de 2024. Estos ingresos se han reinvertido en exploración, equipos, perforación subterránea, desarrollo y finalización de la planta de El Peñón.
Altiplano Metals는 칠레 라 세레나 인근 엘 페뇬 가공 시설에서 철광석을 위해 칠레의 민간 기업과 오프테이크 계약을 체결했습니다. 이는 기존의 구리/금 판매 외에 두 번째 수익원을 확립하는 것입니다. 이 시설은 40%의 자철광 함량을 기반으로 월 생산 능력이 1,800톤이며, 철산화물 농도는 65%에서 71% 사이입니다. 현재 재고는 2,500톤입니다.
회사는 2018년 12월에서 2024년 9월 사이에 평균 1.8%의 Cu 등급으로 6.95백만 파운드의 구리를 회수 및 판매하여 C$22.5백만 달러 이상을 생성했습니다. 이러한 수익은 탐사, 장비, 지하 굴착, 개발 및 엘 페뇬 시설의 완공에 재투자되었습니다.
Altiplano Metals a sécurisé un accord d'approvisionnement avec une entreprise privée chilienne pour le concentré de fer de son installation de traitement El Peñón près de La Serena, au Chili. Cela établit un deuxième flux de revenus en plus de leurs ventes existantes de cuivre/or. L'installation a une capacité de production mensuelle de 1.800 tonnes basée sur une teneur en magnétite de 40%, avec une concentration d'oxyde de fer variant de 65% à 71%. Le stock actuel se chiffre à 2.500 tonnes.
L'entreprise a historiquement généré plus de C$22,5 millions en récupérant et en vendant plus de 6,95 millions de livres de cuivre avec une teneur moyenne de 1,8% Cu entre décembre 2018 et septembre 2024. Ces revenus ont été réinvestis dans l'exploration, l'équipement, le forage souterrain, le développement et l'achèvement de l'installation d'El Peñón.
Altiplano Metals hat einen Abnahmevertrag mit einem chilenischen Privatunternehmen für Eisenerzkonzentrat aus seiner Verarbeitungsanlage El Peñón in der Nähe von La Serena, Chile, abgeschlossen. Dies schafft eine zweite Einnahmequelle neben dem bestehenden Verkauf von Kupfer/Gold. Die Anlage hat eine monatliche Produktionskapazität von 1.800 Tonnen, basierend auf einem Gehalt von 40% Magnetit, mit einem Eisengehalt von 65% bis 71%. Der aktuelle Lagerbestand beträgt 2.500 Tonnen.
Das Unternehmen hat in der Vergangenheit über C$22,5 Millionen durch die Rückgewinnung und den Verkauf von mehr als 6,95 Millionen Pfund Kupfer mit einem Durchschnittsgehalt von 1,8% Cu zwischen Dezember 2018 und September 2024 generiert. Diese Einnahmen wurden in Erkundung, Ausrüstung, Untertagebohrungen, Entwicklung und den Abschluss der El Peñón-Anlage reinvestiert.
- New revenue stream established through iron concentrate sales agreement
- Significant production capacity of 1,800 tonnes per month of iron concentrate
- High-quality product with 65-71% iron oxide concentration
- Historical revenue of C$22.5 million from copper sales (Dec 2018-Sep 2024)
- None.
Edmonton, Alberta--(Newsfile Corp. - January 22, 2025) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to announce that it has entered into an offtake agreement with a Chilean private company to purchase the iron concentrate produced at the El Peñón processing facility located approximately 30 kilometers south of La Serena, Chile.
President and CEO Alastair McIntyre comments:
"We are very pleased to begin our iron sales generating an additional revenue stream to complement our copper/gold sales. This achievement demonstrates our commitment to sustainable mining generating benefits through the production of a high-quality product for specialty use in the local Chilean market. Revenue from the added revenue stream can be used to significantly cover corporate G&A and costs."
Highlights:
- Plant capacity to produce 1,800 tonnes per month is based on a
40% magnetite content in mineralized material processed, typical of iron-oxide-copper-gold vein structures - Iron oxide produced at the plant ranges from 65
-71% iron - Stockpile at the site is currently 2,500 tonnes.
Figure 1: Iron Loading for Shipment and Sale.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4303/237994_1.jpg
Figure 2. Flow Chart of the Concentrates Process
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4303/237994_08a7c738d4ba98e3_003full.jpg
Altiplano has generated over C
About Altiplano
Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has a diversified portfolio of assets that include a developing copper/gold/iron mine and a state-of-the-art operating copper/gold and iron processing facility. Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration and development, and pursuing acquisition opportunities to provide scalable upside opportunities. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value.
Altiplano is part of the Metals Group of Companies, led by a dynamic group of resource sector professionals with a long record of success in evaluating and advancing mining projects from exploration through to production, attracting capital, and overcoming adversity to deliver exceptional shareholder value.
ON BEHALF OF THE BOARD
/s/ "John Williamson"
Chairman
For further information, please contact:
Alastair McIntyre, CEO
alastairm@apnmetals.com
Tel: (416) 434 3799
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the (TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. A qualified person has not done sufficient work to classify any historical estimates as current mineral resources or mineral reserves and the issuer is not treating any historical information or estimates as current mineral resources or mineral reserves. The Santa Beatriz mine was previously in production mid 2010's with little known production records. This material was processed and sold locally to a private processing facility. Altiplano is relying upon limited past production records, underground sampling and related activities to further explore and potentially develop Santa Beatriz. The decision to develop the project and extract material for potential processing is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with any future potential production decision. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237994
FAQ
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