Building Sustainable Value
KNOWLEDGE. VISION. INNOVATION
Altiplano Metals Inc. (APN: TSX?V) is a Canadian mining company focused on developing and acquiring near term cash flowing assets and projects of significant exploration scale. Altiplano’s goal is to grow into a mid-tier mining company through developing a portfolio of near-term production projects, cash flowing assets, and exploration projects focusing on copper, gold and silver. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value.
The company’s main asset, Farellon, is an Iron Oxide Copper Gold vein system located near the town of La Serena, Chile. The company acquired the project in 2017 and has been recovering copper/gold mineralized material from a series of underground workings at numerous levels. To date, the company has recovered more than 2.5 million pounds of copper at an average grade of ~1.85% and has been cash flow positive at Farellon for numerous consecutive quarters. To support the operations at Farellon, Altiplano is currently constructing a mill and processing facility located 15 km from the mine site capable of processing 250 tonnes/day.
Altiplano recently renegotiated a profit-sharing agreement with Maria Luisa, a past producing Au-Cu asset located near the town of Incahuasi, Chile. Engineering studies are underway to potentially develop a decline system enabling the extraction of mineralized gold-copper material, targeted for Q2 2021. In addition, the company is reviewing a number of exploration and development opportunities, including Rosario, where recent underground sampling returned positive copper/gold results. Our goal is to have three cash flowing assets by Q2 2021.