Battery Mineral Resources Reports Steady Copper Concentrate Production at Punitaqui
Battery Mineral Resources (BMR) has announced the continued production and shipment of copper concentrates from its Punitaqui mineral processing facility in Chile. Between September and November 2024, the company supplied a total of 2,755 dry metric tonnes (DMT) of copper concentrates, marking significant progress in its production targets.
Of the total, 1,131 DMT were delivered to Anglo American Sur S.A.’s Chagres smelter in Catemu, Chile, under an offtake agreement with Anglo American Sur S.A., a division of Anglo-American PLC. These copper concentrates were derived from smelting by-products (slags) provided by Anglo. The remaining 1,624 DMT were produced from BMR’s Punitaqui mine operations and sold to Ocean Partners Chile SpA, with shipments delivered to Terminal Portuario de Coquimbo (TPC) for export. Located 130 kilometers from the Punitaqui site, TPC serves as a major export hub for copper concentrates in Chile.
During this period, all copper concentrates produced at BMR’s Punitaqui flotation plant had a weighted average grade of 22.33% copper, equating to approximately 1,235,000 pounds of copper in concentrate.
“The ongoing production and shipment of copper concentrate represents important progress in achieving our near-term goal of 1,400 DMT per month,” said Martin Kostuik, Chief Executive Officer of BMR. “The funds received from our recent transaction with Electric Royalties, combined with increasing concentrate sales and cash flows, will enable us to continue ramping up mill feed supply from our Punitaqui mines.”
Since the commissioning of the refurbished and upgraded Punitaqui mineral processing facility in May 2024, BMR has shipped a total of 5,661 DMT, translating to over 2,783,565 pounds of copper in concentrate. The company aims to achieve steady production levels of approximately 1,400 DMT per month in the near term and targets up to 2,800 DMT per month by the second half of 2025.
BMR’s continued mining activities at both the Cinabrio and San Andres zones are steadily increasing stockpiles of fresh mill feed, further supporting the production ramp-up.
