Altiplano Reports on Processing Update and Q2 2025 Revenues of C$978,000
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
Altiplano Reports on Processing Update and Q2 2025 Revenues of C$978,000
EDMONTON, - Altiplano Metals Inc . (TSXV: APN) (WKN: A2JNFG) (“ Altiplano” or the “Company”) is
pleased to provide Q2 2025 revenue results and an update of activities at the Company copper-gold-iron
processing facility located at El Peñón approximately 30 kms south of La Serena, Chile.
Highlights:
• July to September 2024 quarterly sales figures represented ~ C$978,000 (US$716,800)
o First concentrate sales of 66.7 tonnes completed in July and September represented sales
of ~C$168,800 (US$124,000).
• An additional 65 tonnes of copper concentrate have been filtered and available for sale.
o Shipment and sale of this material is expected in the next week with an estimated value
of approximately C$175,000.
• A new crusher has been purchased and will be installed the week of Nov 12th
o The new equipment will increase crushing capacity to meet full production requirements
at 280/tonnes/day and improve on concentrate production.
• Ore stored at the plant represents approximately 750 tonnes
o 2-4 trucks with 35 tonnes per truck are delivering material daily to the plant
• Jorge Suárez Thenoux has joined the company as Plant Manager.
o Jorge is a Metallurgical Civil Engineer with more than 20 years of experience in metallic
processing operations with a focus on profitability of small-scale operations
• Approximately 850 tonnes of 68% Magnetic iron concentrate are stored at the plant
o The Company is currently negotiating an offtake agreement for the iron sales.
President and CEO Alastair McIntyre comments: “We are pleased to see a strong quarter and including
concentrate sales as part of the regular quarterly reporting process. In addition, with improved operations
we are seeing continued growth in saleable concentrate production. With the re-tooling of our crushing
process, we can expect a further ramp up in concentrate production and sales. We are also very please d
to welcome Jorge to the team who has made an immediate impact and brings significant experience and
talent to our management team.”
Figure 1. Quarterly Sales
Period USD Revenue* Cu Pounds Sold
Jan - March 2023 $822,764 307,104
Apr – Jun 2023 $745,162 294,162
Jul - Sep 2023 $639,458 263,232
Oct - Dec 2023 $798,919 325,358
Jan - Mar 2024 $716,200 292,884
April - June 2024 $665,258 233,690
Jul – Sep 2024 $716,800 217,155
*After Processing Costs
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
Figure 2. Ore Piles at the Plant, Crushed Material in the Bins and Final Concentrate
Altiplano has generated over C$22.2 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, and the construction and
completion of the El Peñón Cu-Au-Fe processing plant. This progress has enabled Altiplano to establish a
significant foothold in the Chilean mining community.
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 an operating copper/gold/iron mine and a state-of-the-
art operating copper/gold and iron processing facility in the final stages of completion. Altiplano is focused
on creating long-term stakeholder value through developing safe and sustainable production, reinvesting
into exploration, and pursuing acquisition opportunities to complement its existing portfolio.
Management has a substantial record of success in capitalizing on opportuni ty, overcoming challenges
and building shareholder value. Altiplano trades on the TSX.V under the symbol APN and the Frankfurt
Exchange under the symbol A2JNFG.
John Williamson, B.Sc., P.Geol., a Qualified Person as defined by NI 43 -101, has reviewed, and approved
the technical contents of this document.
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/ "John Williamson"
Chairman
For further information, please contact:
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
Alastair McIntyre, President, CEO and Director
Tel: (416) 434-3799
Jeremy Yaseniuk, Director
Tel: (604) 773-1467
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 estimates as current min eral 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. This decision 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 statem ents 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 .