Business
Altiplano Begins Startup Phase at El Penon and Strengthens Board
Edmonton, Alberta--(Newsfile Corp. - July 31, 2023) - Altiplano Metals Inc . (TSXV: APN) (WKN: A...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Begins Startup Phase at El Penon and Strengthens BoardEdmonton, Alberta--(Newsfile Corp. - July 31, 2023) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to report it has completed the commissioning stage at the El Peñón processing plant located near the town of La Serena, Chile and has entered the startup phase with first concentrate production expected in early August. The state-of-the-art facility is located approximately 15 km from the Company's copper-gold and iron mine, Farellon. HighlightsAll testing of the crushing, milling, copper/gold flotation, copper thickener tanks and tailings management has been completed. Processing of the copper-gold-iron materials has begun with the stockpile at the mill and mine site, full transition to inhouse processing will be completed at the end of August.To optimize output, ongoing system updates and adjustments are expected over the next few months, including iron separation testing and production, expected to be completed in 6 weeks.Five-thousand tonnes of copper-gold-iron material will be processed per month and is expected to produce 300 tonnes of copper/gold concentrate and 1,800 tonnes of iron concentrate. Final tails will be \"dry stacked\" in a tailings compound where the Company is reviewing opportunities to sell this product to the agricultural/construction industries based on contained phosphorus. Final tails are expected to contain approximately 25% apatite.First copper concentrate sales are expected in late-August, supported by the concentrate purchase and sale offtake agreement. Altiplano Strengthens BoardAltiplano is pleased to announce the addition of Luis Albano Tondo to the Board of Directors. Luis is a Mining Engineer with 35+ years of experience in the mining industry. Mr. Tondo has served as President, Executive Director, Independent Director, Chief Executive Officer, Chief Operating Officer, VP Operations and Project Director and Advisor for numerous listed companies with mining ventures in South America, including senior roles with Kinross and Rio Tinto. He has been directly involved with the construction and operation of several multi-million-dollar mining projects in Brazil, Chile, and Uruguay. Mr. Tondo is a Fellow of the Australasian Institute of Mining and Metallurgy. Jamie Hutton has resigned...