Altiplano Installs New Scale System and Sells an Additional 56 tonnes of Copper-Gold Concentrate
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
Altiplano Installs New Scale System and Sells an Additional 56 tonnes of Copper-Gold Concentrate
EDMONTON, Jan 7th, 2025 - Altiplano Metals Inc . (TSXV: APN) (WKN: A2JNFG) (“ Altiplano” or the
“Company”) is pleased to announce that has installed a new scale weighing system at the El Peñón
processing facility and sold an additional 56 tonnes of copper-gold concentrate in December. The El Peñón
processing facility is located approximately 45 kilometers south of La Serena, Chile.
President and CEO Alastair McIntyre comments:
“We are pleased to continue with technical improvements at the processing plant with the installation of
a new scale. The system will improve on our reporting and sales processes to ensure accuracy for material
delivered to and shipped from the facility. We are also pleased to see additional concentrate sales from
the plant thus enhancing our income for year end.”
Key Highlights:
Installation of Scales:
• A 20-meter-long, 60-tonne reinforced weigh bridge has been installed on site.
o This efficient solar powered system is specifically designed for heavy -duty trucking
applications.
o The new scale will enhance accuracy on Cu-Au mineralized material sent to the plant and
improves on the sales process for the final concentrate shipments.
Concentrate Sales:
• 56 tonnes of concentrate were sold to Ocean Partners (Chile) Spa on December 23rd.
o Preliminary sales of 90% totaled C$140,000 (US$100,000) based on a provisional grade of
24% copper and 1.4 grams gold.
o Each dry metric tonne of concentrate has a preliminary value of US$2,079.
o Final pricing will be based on copper price of the January LME average and settled in early
February.
Iron Concentrate
• 850 tonnes of Iron concentrate was produced in December
o Iron grade is estimated at 68% Fe
o A total of 2,500 tonnes are store on site with first sales expected in January.
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
Figure 1. Construction and Operation of Scales
Altiplano has generated over C$22.5 million from the recovery and sale (after processing costs) of more
than 6.95 million pounds of copper (January 2018 – September 2024). Cash flow has been re -invested
into equipment, underground drilling, expanding underground development at Farellon, enhancing
ventilation to increase productivity and capacity, new underground development and exploration, and
the start-up of the El Peñón fit-for-purpose mill and flotation plant located 15 km from the Farellon site.
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.
www.metalsgroup.com
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/ "Alastair McIntyre"
President, CEO and Director
For further information, please contact:
Alastair McIntyre, President, CEO and Director
Tel: (416) 434 3799
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
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 .