Project Progress February 2026

During January we have continued to progress to the completion of the construction phase of the project and the commissioning of the different facilities and systems that the project comprises. In the Marine Works, the second intake has been installed on site, and we are now finalizing the connection to the pump pit. Hydraulic pressure tests on the full water conveyance pipeline length are also almost complete. The reservoir is now almost fully completed, and we started filling with water in order to conduct leak tests and prepare for commissioning. At the same, after commissioning the pumps in sea water pump pit, commissioning activities in the desalination plant are progressing, where currently multimedia filter and UF are starting commissioning activities. We have now reached 95% completion of the project. As we fully transition into the commissioning phase of the project, we still face many challenges, but are confident that with the joint effort of our team of people at Aguas Horizonte and of our Owner's Engineer, in cooperation with our EPC Contractor, will soon start delivering water to our customer, Codelco.