Edmonton, Alberta--(Newsfile Corp. - December 10, 2020) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to report that the recently acquired mill and processing plant (News Release October 22, 2020) have been relocated to the Company's mill site, situated 15 km north of the Farellon Mine. The Company has also acquired an adjoining land package suitable for expanding the Company's processing capacity.
CEO Alastair McIntyre comments, "We have worked diligently to ensure that our processing facility is best suited for our operations and also meets the local permitting requirements. With the relocation of the processing plant to our site, and with the submission of the permitting documents, we are now focused on the next steps of constructing and commissioning the plant upon receipt of final approval. The facility and additional land package will serve Altiplano's growing mining operations and enable us to pursue regional toll milling opportunities."
McIntyre further comments, "I am also very encouraged by the strong supply/demand fundamentals of the copper market which recently reached the $3.50/lb level. China's fiscal and monetary stimulus and the prospects of new global demand from green energy initiatives are having a significant positive impact on prices. Gold is also positioned to regain footing as the global recovery plan will continue to require fiscal stimulus. Control over the process and product quality will optimize consistency, revenue and costs and provide opportunity to leverage the strong copper and gold markets. With growing mill feed, Altiplano will have the capacity to increase its positive cash flow, which in turn will support our plans for growth in Chile and beyond."