Altiplano Metals Inc. reported on quarterly results for the fourth quarter of 2022 from the Farellon Copper-Gold-Iron (Cu-Au-Fe) mine located near La Serena, Chile. During the fourth quarter of 2022, the Company extracted a total 11,340 tonnes of mineralized Cu-Au material at Farellon. This represents a decrease of 15% from the record third quarter results of 13,440 tonnes. Tonnes processed in fourth quarter represented 6,804 tonnes, down 10% from the previous quarter of 7,570 tonnes. The copper grade recovered was 2.05%, up 10% from the previous third quarter result of 1.87%. Waste removal
increased by 18.5% to 1,422 tonnes in fourth quarter as the decline advanced to the lower 344 levels. Sales of 295,397 pounds of copper generated approximately $691,000 in revenue (after processing costs). Fourth quarter copper sales and Revenues were in line with the previous quarter supported by higher copper grades.At the end of December 2022, the Company had 800 tonnes in stockpiles at the Farellon site and a total of 3,160 tonnes of stockpiles at the El Peñón mill site. An additional 1,200 tonnes of lower grade material are stockpiled at the Farellon site and ready for processing at the El Peñón facility. The company currently has 1,046 tonnes of material in process with ENAMI. This material will be processed for sale and the revenue will be realized in the next coming months.