Altiplano Intersects New 400 m Mining Level and Updates Cu-Au-Fe Concentrate Sales
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
Altiplano Intersects New 400 m Mining Level and Updates Cu-Au-Fe Concentrate Sales
EDMONTON, AB, October 16, 2025 – Altiplano Metals Inc . (TSXV: APN) (WKN: A2JNFG)
(“Altiplano” or the “Company”) is pleased to announce operational updates at the Santa Beatriz
copper-gold-iron (Cu -Au-Fe) mine and processing updates at the El Peñón Processing plant,
located approximately 30 kilometers south of La Serena, Chile.
Highlights:
• During the month of September, the Company extracted 2,270 tonnes of copper -gold-
iron mineralized from the 425 m level along north -east and southwest mining drifts
(Figure 1.)
• Shipments to the El Peñón processing plant to support the production of copper/gold and
iron concentrates was 1,910 tonnes. At the end of September, 360 tonnes remain on site
with shipment to the plant expected in October.
• The development in the 400 m tunnel, accessed through the 414 m opening, reached the
400 m level in early October. A total of 54.32 metres has been developed to date.
o Access along this level and development of the lower levels will be further
reviewed to ensure grade control is maximized
• Massive sulphides were observed in the vein (chalcopyrite, pyrite), as well as magnetite
and secondary minerals such as apatite and actinolite (Figure 2).
• During the reporting period July to September 2025, the Company generated US$256,717
(CS360,600*) from the sale of 128.7 tonnes of copper/gold concentrate representing
US$222,600, and 483 tonnes of iron representing US$34,117 (Figure 3.)
*Canadian dollar equivalent is fro reference and as determined by the October 14 BOC noon rate of 1.4046
President and CEO Alastair McIntyre comments: “Reaching the lower level of the mine provides us the
opportunity to access material with higher grades and begin mining on multiple faces. This improves our
output at the mine and increase the efficiencies at the plant as higher volumes with better grade improves
concentrate production. We are also pleased to see revenues improve from the previous quarter results.”
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Figure 1. Santa Beatriz Mine Section
The decision to develop the historical Santa Beatriz mine is not based on a feasibility study of mineral reserves demonstrating economic and
technical viability and there is increased uncertainty of economic and technical risks of failure associated with any potential production decision
Figure 2. Santa Beatriz 400 m Level Figure 3. Santa Beatriz 425 m Level
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Figure 3. El Peñón Processing and Sales
Board of Directors
The Company further announces Mr. James Farley has retired from his role as Director. The B oard of
Directors express their sincere appreciation for Mr. Farley’s contributions to the audit and technical
committees and his leadership during his tenure . The Company wishes him every success in his future
endeavours.
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 exploration properties, 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
Qualified Person
The technical content of this news release has been reviewed and approved by John Williamson, P.Geol.,
a Qualified Person as defined by National Instrument 43-101. Mr. Williamson is a Chairman and Director
of Altiplano Metals Inc. and is not independent of the Company.
ON BEHALF OF THE BOARD
/s/ "John Williamson"
Chairman
For further information, please contact:
Alastair McIntyre, CEO
Tel: (416) 434 3799
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.
Raw material
processed (t)
Concentrate Cu
Production (t)
Concentrate
sales (t)
Concentrate Sales
CU/AU (USD$)
Concentrate Sales
Cu Grade
Concentrate Fe/Iron
Production (t)
Fe/Iron Sales
(t)
Fe/Iron Sales
($)
January 2025 1,710.0 41.3 55.1 95,035 27.72% 540.0
February 2025 1,693.9 38.4 46.5 103,843 25.64% 201.0 804.7 41,038
March 2025 1,987.3 58.0 45.9 96,945 25.45% 155.6 1,627.0 82,978
Q4 2025 5,391.2 137.7 147.4 295,822 26.18% 896.6 2,431.7 124,016
April 2025 1,412.5 32.9 38.5 52,072 18.09% - 151.9 7,744
May 2025 2,043.0 61.0 68.8 126,363 24.00% 294.8 334.0 17,033
June 2025 1,463.1 38.5 15.91% 18.5 409.3 20,876
Q1 2026 4,918.5 132.4 107.3 178,434 20.18% 313.3 895.2 45,654
July 2025 1,086.7 42.3 48.7 70,902 15.91% 115.3 104.2 5,314
August 2025 578.6 22.0 38.0 61,967 22.00% 68.1 165.4 7,924
September 2025 1,852.6 43.0 42.0 89,731 26.00% 299.9 409.4 20,879
Q2 2026 3,518.0 107.3 128.7 222,599 21.20% 483.3 679.0 34,117
13,828 377 383 696,855 22.52% 1,693 4,006 203,787
Provisional Grade
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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 private production mid 2010’s with unknown production records . This material was
processed and sold locally to a private processing facility . Altiplano is relying upon limited past production records,
underground sampling, surface drilling and related activities to further explore, develop and potentially mine Santa
Beatriz. The decision to develop the project and extract material for 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 c ould 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 perf ormance 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 .