Altiplano Metals Inc. reported on quarterly results for the first quarter of 2023 from the Farellon Copper-Gold-Iron (Cu-Au-Fe) mine located near La Serena, Chile. During first quarter 2023, the Company extracted a total 7,675 tonnes of mineralized Cu-Au material at Farellon. This represents a decrease of 32% from the 11,340 tonnes of material mined in fourth quarter.

Mined tonnes were lower in First Quarter 2023 as the Company transitioned from scoop trams to haulage trucks to transport material to surface. This new transportation system will begin to show improvements over the coming months. Tonnes processed in First Quarter represented 7,584 tonnes, up 11.5% from the previous quarter of 6,804 tonnes.

The copper grade recovered was 1.90%, down 7.3% from the previous 2022 Fourth Quarter result of 2.05%. Waste removal decreased by 125% to 628 tonnes in 2023 Q1.