Altiplano Begins Development at Santa Beatriz Cu-Au-Fe Mine Partnering with Andes Core Mining.

Core Insights - Altiplano Metals Inc. has commenced development at the Santa Beatriz Cu-Au-Fe mine in partnership with Andes Core Mining, located in Chile [1][4] - The development includes a two-year agreement with Andes Core Mining for technical support, mine engineering, and development [5] - Operations are expected to start in late July, with the first shipment to the processing plant anticipated in early September [5] Development Details - The project involves the installation of a 75-meter ramp to access the Santa Beatriz vein structure, with a target to intersect the vein by August 28 [5] - Initial production is projected at 3,000 tons per month for the first four months, increasing to 5,000 tons per month thereafter [5] - The mined material will support the production of copper, gold, and iron concentrate at the El Peñón processing facility [5] Financial Performance - Altiplano has generated over C$23.8 million from the recovery and sale of more than 8.2 million pounds of copper since January 2018 [7] - The company has reinvested cash into acquisition, exploration, and the development of its processing facility [7] Company Overview - Altiplano Metals is focused on gold, silver, and copper production in the Americas, with a strategy to create long-term stakeholder value [8] - The company is part of the Metals Group, which has a strong track record in advancing mining projects from exploration to production [9]