The plant, which will have a 5,000 tonnes per month capacity, was acquired from Chilean exploration and investment company CBX in August. It will be located 15 km north of the mine, and the company has also acquired an adjoining land package to expand its processing capacity in future.
"We have worked diligently to ensure that our processing facility is best suited for our operations and also meets the local permitting requirements," said chief executive Alastair McIntyre. "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."
In a statement in August, Altiplano noted that the plant includes primary, secondary, and tertiary crushing, milling, two 5' x 10' ball mills, and a full flotation circuit. The new facility will put the company in a position to save on trucking costs, toll mill fees and produce a high-grade copper concentrate.
The previous mill site was located 130km away - a three-hour drive from Farellon, which is a high-grade Iron-Oxide-Copper-Gold system with a 5,000t/m license and permit.
Altiplano has been recovering Cu-Au mineralized material from an underground decline through a series of drifts. The Company has extracted approximately 2.24 million pounds of copper from mineralized copper material with an average copper grade of 1.80% (since Q1 2018) generating revenue of US$4,309,000 to date.