- Altiplano Metals (APN) has received its processing approval from the Chilean Mining authority SERNAGEOMIN (Servicio Nacional de Geología y Minería)
- This permit allows operations to begin at the company’s processing facility constructed at El Peñón
- Processing of stockpiled material currently stored at the El Peñón site has begun as a part of the commissioning of the plant
- Operation of the plant provides Altiplano the opportunity to reduce trucking costs by 75 per cent and processing costs by 45 per cent
- Altiplano Metals is a growing gold, silver, and copper company focused on the Americas
- Altiplano Metals Inc. was down 4.255 per cent, trading at $0.225 at 10:17 AM ET
Altiplano Metals (APN) has received approval from the Chilean Mining authority SERNAGEOMIN to begin operations at El Peñón.
The El Peñón processing facility is located approximately 15 kms from the Farellon Copper Gold mine near La Serena, Chile.
Processing of stockpiled material stored at the El Peñón site has begun as a part of the commissioning of the plant, with the first concentrate expected to be produced for shipment in July.
Production from Farellon will be split-shipped to the facility and ENAMI for the next few months to maximize copper sales while the plant ramps up to total operational capacity.
Operation of the plant provides Altiplano the opportunity to reduce trucking costs by 75 per cent and processing costs by 45 per cent while recovering additional payable metals.
The El Peñón crushing and flotation plant will incorporate a high-efficiency water-recovery circuit to produce dry tailings and an iron separator to recover high-value iron oxide from the tailings output.
This process will reduce the tailings output by 50 per cent, where dry tailings can be moved and stored in an environmentally efficient manner, replacing the need for a conventional tailings dam system.
In addition, the de-watering stack circuit will reduce the overall freshwater consumption needed at the plant by 75 per cent.
This eco-friendly system will be one of the first to be used in the small mining sector in Chile and elevates Altiplano to a leader in reducing its environmental footprint.
“This significant milestone was achieved through the excellent work of our team who were met with several timeline challenges during COVID and completed the facility within our financial expectations,” said President and CEO, Alastair McIntyre.
“Our new industry-leading processing facility, focused on water conservation and waste reduction, aligns Altiplano with our commitment to sustainable and responsible growth,” he added.
Altiplano Metals is a growing gold, silver, and copper company focused on the Americas.
Altiplano Metals Inc. was down 4.255 per cent, trading at $0.225 at 10:17 AM ET.