Altiplano Metals Inc. reported operating results for the third quarter and year to date ended September 2023. for the quarter, The Company extracted a total of 8,116 tonnes of mineralized Cu-Au material and processed 7,152 tonnes during third quarter 2023 at Farellon. This represents a 2% and 9% reduction respectively from the second quarter production and processing figures. Copper grade remains constructive with recovery at 1.72% in third quarter, down slightly by 2% from the previous quarter. Waste removal decreased by 22% to 2,556 tonnes in 2023 thus providing improved operational returns. Sales of 263,232 pounds of copper in 2023 third quarter generated approximately USD 639,458 in revenue (after processing costs), a decrease of 14% over the second quarter revenue figure, impacted by lower sales and a weaker copper market in the previous quarter.

For the year to date, the Company had 656 tonnes in stockpiles at the Farellon site and a total of 1,944 tonnes of stockpiles at the El Peñón mill site. An additional 8,331 tonnes of lower-grade material are stockpiled at the Farellon site and ready to be shipped for processing at the El Peñón facility over the next several months. In addition, the Company currently has 1,335 tonnes of material in process with ENAMI. This material will be processed for sale and the revenue will be realized in the coming months.