Altiplano Secures the Extension to the Option on Santa Beatriz Cu-Au-Fe Mine
Altiplano Metals (TSXV: APN) has successfully extended its lease agreement with an option to acquire the Santa Beatriz copper-gold-iron mine until July 2029. The mine, located 45 kilometers south of La Serena, Chile, maintains monthly rental payments at CLP $5,000,000 ($7,250 CDN), with a potential 5% increase if copper prices exceed $4.50/lb.
Key terms include a reduced Net Profit Interest from 15% to 10% for external sales, a 1% royalty on net sales for material processed at the company's plant, and exclusivity payments totaling CLP 40M. The purchase option remains at CLP 350,000,000 (~$507,000 CDN). The company has demonstrated success with over C$23.8 million generated from 8.2 million pounds of copper sales since January 2018.
[ "Extension of lease agreement until 2029 provides long-term operational stability", "Reduced NPI royalty from 15% to 10% for external sales improves profit margins", "Strong historical performance with C$23.8M generated from copper sales", "Strategic location near company's El Peñón processing facility reduces operational costs", "Purchase option price remains unchanged at CLP 350M despite extension" ]Altiplano Metals (TSXV: APN) ha esteso con successo il contratto di locazione con un'opzione di acquisto per la miniera di rame, oro e ferro Santa Beatriz fino a luglio 2029. La miniera, situata a 45 chilometri a sud di La Serena, Cile, prevede pagamenti mensili di affitto pari a CLP 5.000.000 (7.250 $ CAD), con un possibile aumento del 5% se il prezzo del rame supera i 4,50 $/libbra.
I termini chiave includono una riduzione del Net Profit Interest dal 15% al 10% per le vendite esterne, una royalty dell'1% sulle vendite nette per il materiale lavorato nell'impianto della società e pagamenti di esclusività per un totale di CLP 40 milioni. L'opzione di acquisto rimane a CLP 350.000.000 (~507.000 $ CAD). L'azienda ha dimostrato successo con oltre 23,8 milioni di dollari canadesi generati da 8,2 milioni di libbre di rame vendute dal gennaio 2018.
- Estensione del contratto di locazione fino al 2029 garantisce stabilità operativa a lungo termine
- Riduzione della royalty NPI dal 15% al 10% per le vendite esterne migliora i margini di profitto
- Solida performance storica con 23,8 milioni di dollari canadesi generati dalle vendite di rame
- Posizione strategica vicino all'impianto di lavorazione El Peñón della società riduce i costi operativi
- Il prezzo dell'opzione di acquisto rimane invariato a CLP 350 milioni nonostante l'estensione
Altiplano Metals (TSXV: APN) ha extendido con éxito su contrato de arrendamiento con una opción para adquirir la mina de cobre, oro y hierro Santa Beatriz hasta julio de 2029. La mina, ubicada a 45 kilómetros al sur de La Serena, Chile, mantiene pagos mensuales de arrendamiento de CLP 5.000.000 ($7,250 CAD), con un posible aumento del 5% si los precios del cobre superan los $4.50/lb.
Los términos clave incluyen una reducción del Interés Neto de Ganancia del 15% al 10% para ventas externas, una regalía del 1% sobre las ventas netas para material procesado en la planta de la empresa y pagos de exclusividad que suman CLP 40 millones. La opción de compra permanece en CLP 350.000.000 (~$507,000 CAD). La compañía ha demostrado éxito con más de 23.8 millones de dólares canadienses generados por 8.2 millones de libras de cobre vendidas desde enero de 2018.
- Extensión del contrato de arrendamiento hasta 2029 proporciona estabilidad operativa a largo plazo
- Reducción de la regalía NPI del 15% al 10% para ventas externas mejora los márgenes de beneficio
- Fuerte desempeño histórico con 23.8 millones de dólares canadienses generados por ventas de cobre
- Ubicación estratégica cerca de la planta de procesamiento El Peñón de la empresa reduce costos operativos
- El precio de la opción de compra permanece sin cambios en CLP 350 millones a pesar de la extensión
Altiplano Metals (TSXV: APN)는 2029년 7월까지 Santa Beatriz 구리-금-철 광산에 대한 임대 계약 연장 및 인수 옵션을 성공적으로 체결했습니다. 이 광산은 칠레 라 세레나에서 남쪽으로 45킬로미터 떨어진 곳에 위치하며 월 임대료는 CLP 5,000,000 (약 7,250 캐나다 달러)로 유지되며, 구리 가격이 파운드당 4.50달러를 초과할 경우 최대 5% 인상될 수 있습니다.
주요 조건으로는 외부 판매에 대한 순이익 배당금(Net Profit Interest)이 15%에서 10%로 감소하였고, 회사 공장에서 가공된 자재에 대해 순매출의 1% 로열티, 그리고 총 CLP 40백만의 독점권 비용이 포함되어 있습니다. 인수 옵션 가격은 CLP 350,000,000(약 507,000 캐나다 달러)으로 유지됩니다. 회사는 2018년 1월 이후 820만 파운드의 구리 판매를 통해 2,380만 캐나다 달러 이상을 창출하는 데 성공했습니다.
- 2029년까지 임대 계약 연장으로 장기 운영 안정성 확보
- 외부 판매에 대한 NPI 로열티를 15%에서 10%로 인하하여 이익률 개선
- 구리 판매를 통한 2,380만 캐나다 달러의 강력한 역사적 실적
- 회사 El Peñón 가공 시설 인근의 전략적 위치로 운영 비용 절감
- 연장에도 불구하고 인수 옵션 가격은 CLP 350백만으로 변동 없음
Altiplano Metals (TSXV : APN) a réussi à prolonger son contrat de location avec une option d'acquisition de la mine de cuivre, or et fer Santa Beatriz jusqu'en juillet 2029. La mine, située à 45 kilomètres au sud de La Serena, au Chili, maintient un loyer mensuel de 5 000 000 CLP (7 250 $ CA), avec une augmentation potentielle de 5 % si le prix du cuivre dépasse 4,50 $/lb.
Les conditions clés incluent une réduction de l'intérêt net sur le bénéfice (Net Profit Interest) de 15 % à 10 % pour les ventes externes, une redevance de 1 % sur les ventes nettes pour le matériel traité dans l'usine de la société, et des paiements d'exclusivité totalisant 40 millions de CLP. L'option d'achat reste fixée à 350 000 000 CLP (~507 000 $ CA). La société a démontré son succès avec plus de 23,8 millions de dollars canadiens générés par la vente de 8,2 millions de livres de cuivre depuis janvier 2018.
- Prolongation du contrat de location jusqu'en 2029 offrant une stabilité opérationnelle à long terme
- Réduction de la redevance NPI de 15 % à 10 % pour les ventes externes, améliorant les marges bénéficiaires
- Performance historique solide avec 23,8 millions de dollars canadiens générés par les ventes de cuivre
- Emplacement stratégique près de l'usine de traitement El Peñón de la société, réduisant les coûts opérationnels
- Le prix de l'option d'achat reste inchangé à 350 millions de CLP malgré la prolongation
Altiplano Metals (TSXV: APN) hat erfolgreich seine Mietvereinbarung mit einer Kaufoption für die Santa Beatriz Kupfer-Gold-Eisen Mine bis Juli 2029 verlängert. Die Mine, 45 Kilometer südlich von La Serena, Chile, gelegen, behält monatliche Mietzahlungen von CLP 5.000.000 (7.250 CAD) bei, mit einer möglichen Erhöhung von 5 %, falls der Kupferpreis 4,50 $/lb übersteigt.
Wichtige Bedingungen umfassen eine reduzierte Net Profit Interest von 15 % auf 10 % für externe Verkäufe, eine 1 % Lizenzgebühr auf Nettoumsätze für Material, das im Werk des Unternehmens verarbeitet wird, sowie Exklusivitätszahlungen in Höhe von insgesamt CLP 40 Mio. Die Kaufoption bleibt bei CLP 350.000.000 (~507.000 CAD). Das Unternehmen hat seit Januar 2018 über 23,8 Millionen kanadische Dollar aus dem Verkauf von 8,2 Millionen Pfund Kupfer erwirtschaftet.
- Verlängerung des Mietvertrags bis 2029 sorgt für langfristige operative Stabilität
- Reduzierte NPI-Royalty von 15 % auf 10 % bei externen Verkäufen verbessert Gewinnmargen
- Starke historische Leistung mit 23,8 Mio. CAD aus Kupferverkäufen
- Strategische Lage nahe der El Peñón Verarbeitungsanlage des Unternehmens senkt Betriebskosten
- Kaufoptionspreis bleibt trotz Verlängerung unverändert bei CLP 350 Mio.
- None.
- Additional exclusivity payments of CLP 40M required
- Potential 5% increase in rental payments if copper exceeds $4.50/lb
- No feasibility study completed, increasing economic and technical risk
- Development decision lacks mineral reserve demonstration
Edmonton, Alberta--(Newsfile Corp. - July 9, 2025) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to announce the lease agreement with option to acquire the Santa Beatriz copper-gold-iron mine has been extended to July 2029. Santa Beatriz is a historic underground copper-gold mine located approximately 45 kilometers south of La Serena, Chile, and 13 kilometers south of the El Peñón processing plant.
President and CEO Alastair McIntyre comments:
"We are very pleased to reach a new agreement extending the Santa Beatriz option. The extension provides us added technical and financial flexibility to continue our exploration and development to support further underground work. The technical progress and positive sampling and drilling results at Santa Beatriz opens the potential to provide on-going high grade low-cost material for our mill, ultimately providing a positive return for the company."
Highlights:
Option Extension:
- Leasing and acquisition terms for Santa Beatriz are extended until July 2029.
- The monthly rental payments remain the same at CLP
$5,000,000 ($5,300 USD/$7,250 CDN), Rental payments may increase by5% if the average copper price exceeds US$4.50 /lb in each given year. - The Company has the option to purchase the property at any time remains during the lease period for CLP
$350,000,000 (~$507,000 CDN) as per the original agreement
- The monthly rental payments remain the same at CLP
Royalty payments:
- Net Profit Interest (NPI) reduced from
15% to10% if mineral is sold to a buyer other than the Company owned El Peñón plant. - For material processed at plant, a
1% royalty on net sales of copper and iron concentrates will apply.
Exclusivity Payment:
- CLP
$20M ($21,215 USD/$29,015 CDN) due within 6 months. - CLP
$20M ($21,215 USD/$29,015 CDN) due after 2 years, within 6 months. - Secures exclusive right to purchase and preferential right to renew.
Figure 1: Underground at Santa Beatriz Mine.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4303/258205_altiplano%20figure%201.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
About Altiplano
Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has a 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 is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration and development, and pursuing acquisition opportunities to provide scalable upside opportunities. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value.
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.
Altiplano is part of the Metals Group of Companies, led by a dynamic group of resource sector professionals with a long record of success in evaluating and advancing mining projects from exploration through to production, attracting capital, and overcoming adversity to deliver exceptional shareholder value.
ON BEHALF OF THE BOARD
/s/ "John Williamson"
Chairman
For further information, please contact:
Alastair McIntyre, CEO
alastairm@apnmetals.com
Tel: (416) 434 3799
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/258205
FAQ
What are the key terms of Altiplano's Santa Beatriz mine lease extension?
How much has Altiplano (TSXV: APN) generated from copper sales since 2018?
What is the purchase price for the Santa Beatriz mine under the new agreement?
Where is the Santa Beatriz copper-gold-iron mine located?
What are the risks associated with Altiplano's Santa Beatriz mine development?
