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Altiplano Metals (TSXV: APN) is teaming up with Andes Core Mining (ACM) in a strategic move to ramp up development at the Santa Beatriz copper-gold-iron mine in Chile. The duo has inked a two-year agreement focusing on underground mine development, placing it just 13 kilometers from Altiplano’s El Peñón processing plant. Expect to see some serious action in the copper market as production gears up.
The game plan includes carving out a 75m ramp, declining at a 15% grade, to tap into the Santa Beatriz vein structure. Operations are set to kick off in July, with the first ore expected to hit the processing plant by early September. Initial production targets are pegged at 3,000 tons per month, with aspirations to scale up to 5,000 tons within the following six months. Historically, the company has raked in C$23.8 million from processing over 8.2 million pounds of copper, boasting an average grade of 1.8% Cu. This partnership could be a significant catalyst for future earnings.
Altiplano Metals (TSXV: APN) ha annunciato una partnership strategica con Andes Core Mining (ACM) per lo sviluppo della miniera di rame, oro e ferro Santa Beatriz in Cile. L’accordo biennale riguarda lo sviluppo della miniera sotterranea, situata a 13 chilometri dall’impianto di lavorazione El Peñón di Altiplano.
Il piano di sviluppo prevede una rampa di 75 metri con una pendenza del 15% per accedere alla struttura della vena Santa Beatriz, con l’inizio delle operazioni previsto per luglio e la prima lavorazione all’inizio di settembre. Gli obiettivi di produzione sono fissati inizialmente a 3.000 tonnellate al mese, con un aumento a 5.000 tonnellate nei sei mesi successivi. Storicamente, l’azienda ha generato 23,8 milioni di dollari canadesi processando oltre 8,2 milioni di libbre di rame con una gradazione media dell’1,8% Cu.
Altiplano Metals (TSXV: APN) ha anunciado una asociación significativa con Andes Core Mining (ACM) para el desarrollo de la mina subterránea de cobre, oro y hierro Santa Beatriz en Chile. El acuerdo de dos años se centra en el desarrollo de la mina subterránea, ubicada a 13 kilómetros de la planta de procesamiento El Peñón de Altiplano.
El plan de desarrollo incluye una rampa de 75 metros con una pendiente del 15% para acceder a la estructura de la veta Santa Beatriz, con operaciones que comenzarán en julio y el primer procesamiento previsto para principios de septiembre. Los objetivos de producción se establecen inicialmente en 3.000 toneladas por mes, aumentando a 5.000 toneladas en los siguientes seis meses. La empresa ha generado históricamente 23,8 millones de dólares canadienses procesando más de 8,2 millones de libras de cobre con una ley promedio de 1,8% Cu.
Altiplano Metals (TSXV: APN)는 칠레의 산타 베아트리즈 구리-금-철광산 개발을 위해 Andes Core Mining (ACM)과 중요한 개발 파트너십을 발표했습니다. 2년간의 계약은 Altiplano의 엘 페뇨 처리 공장에서 13킬로미터 떨어진 지하 광산 개발에 중점을 둡니다.
개발 계획에는 산타 베아트리즈 광맥 구조에 접근하기 위한 15% 경사의 75m 경사로가 포함되어 있으며, 7월에 작업이 시작되고 9월 초에 첫 처리 작업이 예상됩니다. 생산 목표는 초기 월 3,000톤에서 시작하여 이후 6개월 동안 월 5,000톤으로 확대될 예정입니다. 회사는 평균 구리 함량 1.8% Cu로 820만 파운드 이상의 구리를 처리하여 2,380만 캐나다 달러(C$)를 창출한 바 있습니다.
Altiplano Metals (TSXV : APN) a annoncé un partenariat de développement important avec Andes Core Mining (ACM) pour la mine souterraine de cuivre, or et fer Santa Beatriz au Chili. L’accord de deux ans se concentre sur le développement de la mine souterraine, située à 13 kilomètres de l’usine de traitement El Peñón d’Altiplano.
Le plan de développement comprend une rampe de 75 m avec une pente de 15% pour accéder à la structure du filon Santa Beatriz, avec un démarrage des opérations prévu en juillet et un premier traitement attendu début septembre. Les objectifs de production sont fixés initialement à 3 000 tonnes par mois, pour atteindre 5 000 tonnes au cours des six mois suivants. L’entreprise a historiquement généré 23,8 millions de dollars canadiens en traitant plus de 8,2 millions de livres de cuivre avec une teneur moyenne de 1,8 % Cu.
Altiplano Metals (TSXV: APN) hat eine bedeutende Entwicklungspartnerschaft mit Andes Core Mining (ACM) für die Kupfer-Gold-Eisen-Mine Santa Beatriz in Chile bekannt gegeben. Die zweijährige Vereinbarung konzentriert sich auf die Entwicklung der Untertagemine, die 13 Kilometer von der El Peñón-Verarbeitungsanlage von Altiplano entfernt liegt.
Der Entwicklungsplan sieht eine 75 m lange Rampe mit 15% Gefälle vor, um Zugang zur Santa Beatriz-Erzgangerstruktur zu erhalten. Die Arbeiten beginnen im Juli, die erste Verarbeitung wird für Anfang September erwartet. Die Produktionsziele liegen anfangs bei 3.000 Tonnen pro Monat und sollen in den folgenden sechs Monaten auf 5.000 Tonnen steigen. Das Unternehmen hat historisch 23,8 Millionen kanadische Dollar durch die Verarbeitung von über 8,2 Millionen Pfund Kupfer mit einem durchschnittlichen Gehalt von 1,8% Cu erzielt.
Negative
- Development decision not based on feasibility study, increasing economic and technical risks
- Project requires additional permitting for planned production expansion to 5,000 tonnes
- Significant upfront development costs with 75m ramp construction required
07/22/2025 – 05:30 AM
Edmonton, Alberta–(Newsfile Corp. – July 22, 2025) – Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (“Altiplano” or the “Company”) is providing a fresh update on the underground mine development at Santa Beatriz, a copper-gold mine with a past, situated some 45 kilometers south of La Serena, Chile, and a convenient 13 kilometers south of Altiplano’s El Peñón processing plant.
Key Takeaways:
- Altiplano Metals has partnered Andes Core Mining (ACM) to spearhead technical support for the underground build-out at Santa Beatriz. This is more than a simple consultation; it’s a full-blown collaboration.
- The two-year agreement covers mine engineering and development. The cost structure is innovative: pricing per tonne in mineralized zones and per meter of waste from ramp and ventilation structure development. Incentive alignment, anyone?
- The copper/gold/iron ore mined will feed the production of concentrates at El Peñón. Expect Altiplano to optimize this closed-loop system.
- A key phase involves installing a 75m ramp at the 414m entrance. How will this impact costs and timelines?
- The ramp, dipping at a 15% decline, will hit the 400 m level, accessing the Santa Beatriz vein structure through the footwall (Figure 1). This precise engineering is crucial.
- Operations slated to begin in late July, with a target vein structure intersection by August 28. The clock is ticking; expect regular progress reports.
- The company expects, in the initial 4 months, 3,000 tons/month of development, ramping up to 5,000 tons in the 6 months following.
- Altiplano has already applied for permits covering initial extraction and will push for approval for the 5,000-tonne level. Regulatory hurdles are always a risk.
- ACM will pitch in with technical and maintenance support for the El Peñón processing plant. Economies of scale and specialized expertise are the potential benefits here.
Andes Core Capital is comprised of team of geology, engineering, construction, operations and maintenance professionals with experience in the development and management of mining and processing projects.
Alastair McIntyre, President and CEO, weighs in:
“We are very excited to partner with Andes Core Mining who bring considerable mining and processing expertise to our business. Our development work, including bulk sampling and drilling, indicate that the IOCG vein system is identical in characteristics and mineralogy that we observed in 7 years mining at Farellon. Mining Santa Beatriz provides an excellent opportunity for APN to maximize supply and returns for the El Peñón processing facility and the Company.” Is this synergy overhyped or genuinely strategic? Investors will want to see the numbers.
Figure 1: Section of Santa Beatriz Mine Development
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4303/259583_77dc3039d4d37bff_001full.jpg
The decision to develop the historical Santa Beatriz mine is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty of economic and technical risks of failure associated with any potential production decision.
Altiplano has generated over C$23.8 million from the recovery and sale (after processing costs) of more than 8.2 million pounds of copper with an average grade of 1.8% Cu (Jan 2018 to Mar 2025). Cash has been re-invested into acquisition, exploration, new equipment, underground drilling, expanding underground development and production, and the completion of the El Peñón copper-gold-iron processing facility located 30 km from La Serena, Chile.
About Altiplano
Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has diversified assets that include exploration properties, a developing copper/gold/iron mine and a state-of-the-art operating copper/gold and iron processing facility. Altiplano aims to generate long-term stakeholder value through the development of safe and sustainable production, reinvesting into exploration and development, and pursuing acquisition opportunities to provide scalable upside opportunities.
Metals Group
Altiplano is part of the Metals Group of Companies, led by a dynamic group of resource sector professionals with a good track record of bringing mining projects on line, attracting capital, and persevering to deliver returns.
Qualified Person
The technical content of this news release has been reviewed and approved by John Williamson, P.Geol., a Qualified Person as defined by National Instrument 43-101. Mr. Williamson is a Chairman and Director of Altiplano Metals Inc. and is not independent of the Company.
ON BEHALF OF THE BOARD
/s/ “John Williamson”
Chairman
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the (TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 information or estimates as current mineral resources or mineral reserves. The Santa Beatriz mine was previously in production mid 2010’s with little known production records. This material was processed and sold locally to a private processing facility. Altiplano is relying upon limited past production records, underground sampling and related activities to further explore and potentially develop Santa Beatriz. The decision to develop the project and extract material for potential processing is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with any future potential production decision. 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.sedarplus.ca .
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259583
FAQ
What is the partnership between Altiplano Metals (TSXV: APN) and Andes Core Mining for Santa Beatriz mine?
Andes Core Mining will provide technical support for underground development at Santa Beatriz mine under a two-year agreement, including mine engineering and development based on cost per tonne in mineralized zones and cost per meter for waste material.
What are the production targets for Altiplano’s Santa Beatriz mine in 2025?
The mine targets 3,000 tons/month for the first 4 months, increasing to 5,000 tons/month in the following 6 months, with first shipment to processing expected in early September 2025.
Where is the Santa Beatriz mine located relative to Altiplano’s processing facility?
Santa Beatriz mine is located 13 kilometers south of Altiplano’s El Peñón processing plant and 45 kilometers south of La Serena, Chile.
What is Altiplano Metals’ historical performance in copper production?
From January 2018 to March 2025, Altiplano generated C$23.8 million from processing over 8.2 million pounds of copper with an average grade of 1.8% Cu.
What are the key development plans for Santa Beatriz mine?
The development includes a 75m ramp with 15% decline from the 414m entrance to intercept the 400m level, with operations beginning in July and targeting vein structure intersection by August 28, 2025.
