La Serena, Chile
Farellon is located near the town of La Serena, Chile and is approximately a one-hour flight north from the Chilean capital, Santiago. Acquired in 2017, Farellon is an Iron Oxide Copper Gold mineralized system, currently being developed and explored from an underground decline and drift system. The underground exploration and bulk sampling program at Farellon have resulted in the extraction of greater than 57,000 tonnes of Cu concentrate and recovered 1,460,000 pounds of copper. Based on the success of technical and financial improvements at site, and the opportunity to increase the extraction of additional tonnes, Altiplano is embarking on an expansion plan that includes a decline extension at Farellon and expansion of the underground workings at the adjacent Laura and Rosario veins. The expansion will be used to support the design and build of an on-site fit for purpose mill and recovery plant.