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Alphamin Resources Corp

TSXV:AFMLive AI agent

Alphamin Resources is a low-cost tin concentrate producer from its high-grade deposits at Mpama North and Mpama South, located in the North Kivu Province of the Democratic Republic of Congo (DRC).

Investor website: https://alphaminresources.com/

About

Alphamin Resources is a low-cost tin concentrate producer from its high-grade deposits at Mpama North and Mpama South, located in the North Kivu Province of the Democratic Republic of Congo (DRC). Mpama North has a tin grade of approximately 4.5%, making it the world’s highest-grade tin resource, while Mpama South has a grade of about 2%. The company aims to expand production from 12,500 tonnes to around 20,000 tonnes of contained tin per year and is focused on safe mining practices, environmental impact, and stakeholder value distribution.

Verified company data

Cash position
56,088
Shares outstanding
1282642479
Mineral resource
Alphamin’s Mpama North mine is the world’s highest-grade tin mine, currently producing mined material (run of mine) at an average grade of around 4% tin. At a tin grade of 2%, Mpama South is the world’s second highest-grade tin mine. The two producing mines have a blended feed grade of circa 3% with a combined output of approximately 20,000 tonnes of contained tin per annum. With underground grades expected to increase at depth, the combined plants have the capacity of producing as much as 25,000 tonnes of contained tin per annum in future subject to an increase in mined tin.
Projects
["Alphamin’s Mpama North mine is the world’s highest-grade tin mine, currently producing mined material (run of mine) at an average grade of around 4% tin. At a tin grade of 2%, Mpama South is the world’s second highest-grade tin mine. Mpama North was the beachhead to provide Alphamin with a base and cashflow from which to grow and develop additional mines. Mpama South is approximately 1,000 meters centre to centre from Mpama North. The additional economies of scale from the recently completed Mpama South mine have resulted in reducing the overall fixed cost structure of Bisie, which enables the combined operation to attain a competitive AISC per tonne, making Bisie a lowest quartile cost producer. The immediate goal is to embed and improve efficiencies of Mpama South, which has increased Bisie’s annual production capacity by approximately 60%. The two producing mines have a blended feed grade of circa 3% with a combined output of approximately 20,000 tonnes of contained tin per annum. With underground grades expected to increase at depth, the combined plants have the capacity of producing as much as 25,000 tonnes of contained tin per annum in future subject to an increase in mined tin."]
Leadership
Maritz Smith (CEO), Douglas Strong (Director), Brendan Lynch (Non-Executive Independent Director, previously CFO of the Gerald Metals Group), Vaughn Duke (Qualified Person, Principal Consultant, Partner and Director of Sound Mining Solutions)

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