Mpama South tin project, Democratic Republic of Congo – update

Name of the Project
Mpama South tin project.
Location
Democratic Republic of Congo.
Project Owner/s
Alphamin Resources.
Project Description
A preliminary economic assessment completed on the project in March 2022 estimates contained tin production at 7 232 t/y.
Total run-of-mine (RoM) ore processed is estimated at 2.07-million tonnes, with average annualised RoM mined and processed estimated at 468 000 t grading 2.21% tin.
Development infrastructure will be consolidated with that of the Mpama North mine.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
$115.97-million. The project will be funded from cash reserves.
Planned Start/End Date
Alphamin is targeting first tin production at Mpama South by December 2023.
Latest Developments
Alphamin Resources has decided to proceed with the development of the Mpama South mine and processing plant.
Meanwhile, following assay results from 22 additional drill holes, the Mpama South inferred resource has increased by 75% to 3.42-million tonnes.
Alphamin has highlighted considerable additional resource growth potential at Mpama South.
Drilling is ongoing with considerable mineralisation intercepted beyond the updated mineral resource boundary.
Key Contracts, Suppliers and Consultants
Bara Consulting (mining studies).
Contact Details for Project Information
Alphamin Resources, tel +230 269 4166 or email info@perrieriitsolutions.com.
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