The state-of-the-art facility is located approximately 15 km from the Company's copper-gold and iron mine, Farellon.
Highlights
All 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 Board
Altiplano is pleased to announce the addition of
President and CEO
The El Penon processing facility is a state-of-the-art Environmental Social Governance (ESG) focused operation designed to reduce transportation and processing costs. The plant utilizes nonchemical flotation and magnetic separation to generate copper/gold and magnetic iron concentrates as income streams. A dry stack tailings process generates dry tailings without the requirement of a conventional tailings dam and reduces water consumption through recycling by 75%. Tails are reduced by 40% through magnetic separation, and final tails have opportunity to be used in the agricultural and construction industries. The El Penon plant is a first-of-its-kind facility in the Chilean small-scale processing industry.
About Altiplano
Altiplano has generated over
Altiplano is part of the
Contact:
Tel: (416) 434 3799
Email: alastairm@apnmetals.com
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 mineral resources or mineral reserves. 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 could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration 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 developments 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.sedar.com.
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