Revenue Generator Model: Over US$12.8 million from the recovery and sale (after processing costs) of 5.65million pounds of copper with an average grade of 1.80% Cu (2018 Q1-2023 Q2). Cash flow is re-invested into new acquisitions, expanding existing operations, and funding exploration programs. Altiplano’s goal is to provide investors with exposure to cash flow while providing upside opportunities through scalable exploration projects.
Current and Near-term Revenue Generation: The Farellon Project located near La Serena, Chile is a 5,000 tonne per month IOCG-type deposit grading ~1.8% copper operating on numerous underground production levels accessed via a decline system*. Diamond drilling for grade-control and mining engineering confirmed the extension of mineralization along strike and at depth. Positive drill results and recent improvements to surface infrastructure, underground development, and ventilation upgrades, support further expansion to lower levels and new copper-gold zones.
Processing: The El Peñón processing facility is in the final commissioning stage 15 km from Farellon and is designed to produce copper-gold and iron concentrates. The facility will improve processing and trucking costs while reducing Altiplano's environmental footprint through advanced dewatering and magnetic recovery systems. These processes produce dry tailings, reducing water consumption and overall tailings output by 75% and 40%, respectively. The magnetic separation system will produce a 62% iron concentrate, further increasing revenue.
Near-Term Producers: Altiplano acquires, develops, and expands existing operations, past-producing mines, and local infrastructure.
Exploration Projects: Altiplano focuses on scalable, high-quality district plays with discovery potential. San Pedro is a high-quality ~16,000 ha scalable gold exploration project in Nicaragua currently waiting on final concession approval from the Nicaraguan government.
Growth: Several acquisition opportunities are under review with a short-term goal to have a portfolio of three cash-flowing assets and two quality exploration projects in the Company.