Altiplano Secures Prepayment and Concentrate Offtake Agreement with Ocean Partners Chile.
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
Altiplano Secures Prepayment and Concentrate Offtake Agreement with Ocean Partners Chile.
EDMONTON, - December 2nd, 2024, Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (“Altiplano” or the
“Company”) is pleased to report a new prepayment and concentrate purchase agreement has been
arranged with Ocean Partners, Chile. This facility will be used to support the copper-gold concentrate
production and sale from the El Peñón processing facility located approximately 30 kms south of La
Serena, Chile.
Highlights:
• Ocean Partners will purchase monthly copper-gold concentrate production from the El Peñón
processing plant.
o Concentrates will be shipped to Ocean Partners port facilities in Coquimbo located
approximately 30 kms from the processing plant.
o The agreement provides the Company an opportunity to draw down on a US$80,000
prepayment facility to assist with monthly working capital requirements when needed.
o The first sale of seventy -two tonnes of copper concentrate was shipped on November
26th with a provisional value of approximately C$200,000.
President and CEO Alastair McIntyre comments: “We are very excited to begin a relationship with Ocean
Partners who have a great team in Chile to support our business and growth opportunities . Shipping
concentrates to the port facility just 30 kms away supports our mandate to reduce costs and emissions
and I look forward to growing our business together.”
Figure 1. Copper-Gold Concentrates Prepared for Shipment
Figure 2. Loading Concentrates
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
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 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.
ON BEHALF OF THE BOARD
/s/ "John Williamson"
Chairman
www.metalsgroup.com
For further information, please contact:
Alastair McIntyre, President, CEO and Director
Tel: (416) 434-3799
Jeremy Yaseniuk, Director
Tel: (604) 773-1467
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 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 techni cal 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 ex ploration 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 developm ents 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 .