On track to achieve full year production within original guidance range



Atalaya Mining Plc (AIM: ATYM, TSX: AYM) is pleased to announce its operations update for the third quarter of 2023 ("Q3 2023" or the "Period").

Proyecto Riotinto Operating Highlights
Q3 Q2. Full Year
2023(1) 2022 2023 2023 Guidance Ore mined

M tonnes
3.8 3.8 3.9 ~15(2)

Waste mined
M tonnes
9.7 5.8 8.6 ~30(2)

Ore milled
M tonnes
3.9 3.9 4.1 15.3 - 15.8

Cu grade
% 0.38 0.41 0.40 0.39 - 0.41(2)

Cu recovery
% 87.01 84.62 87.18 86 - 87(2)

Cu production
tonnes 12,541 13,453 14,212 53,000 - 54,000(2)

(1) Figures for Q3 2023 are preliminary and final figures will be released with Q3 2023 financial results.

(2) Represents updated guidance.

Mining

Ore mined was 3.8 million tonnes in Q3 2023 (Q3 2022: 3.8 million tonnes), compared with 3.9 million tonnes in Q2 2023.

Waste mined was 9.7 million tonnes in Q3 2023 (Q3 2022: 5.8 million tonnes), compared with 8.6 million tonnes in Q2 2023. Waste mining during the Period was consistent with budget and includes increased waste stripping at Cerro Colorado in anticipation of the start of mining activities at San Dionisio in late 2023.

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