Alphamin Resources offers rare exposure to immediate positive cash flow from a metal both Rio Tinto and the Massachusetts Institute of Technology regard as being the most likely to benefit from the widespread electrification of transport networks and the world economy.
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I’m Megan Edwards for Investmentpitch Media
Today’s featured equity research covers Alphamin Resources Corp., which produces tin in concentrate from its high grade Bisie tin mine in the resource rich Democratic Republic of the Congo.
On March 16th, Analyst Charles Gibson of Edison Group published an extensive report on Alphamin Resources, which is available on www.EdisonGroup.com
Based in London, Edison is an investment research, investor relations and consulting firm, with offices in North America, Europe, the Middle East and AsiaPac.
Alphamin Resources offers rare exposure to immediate positive cash flow from a metal both Rio Tinto and the Massachusetts Institute of Technology regard as being the most likely to benefit from the widespread electrification of transport networks and the world economy.
Alphamin owns 84.14% of the Bisie Mine, which lies 180 kilometres northwest of Goma, the capital of North Kivu province of the Democratic Republic of Congo
The Bisie Mine consists of five exploration licenses and one current mining license and covers 1,270 square kilometres.
Alphamin’s Mpama North mine is the world’s highest grade tin mine, currently producing mined material from run of mine at an average grade of around 4.5% tin, which is the equivalent in value of a 12% copper and 14.6 gram per tonne gold resource.
It is also around 4 times richer than any other operating tin mine.
Alphamin’s exploration initiative for 2021 aims to extend the life-of-mine at its currently producing Mpama North operation, to declare a Maiden Mineral Resource for Mpama South, located 750 metres to the south, and to discover at least one additional orebody on the highly prospective Bisie Ridge, with a strike length of 13 kilometres.
The company commenced its Mpama South exploration program with a 5,800 metre drilling campaign of 25 holes, in December 2020.
To date, 5,056 metres and 23 holes have been completed, with all holes showing visual mineralisation, suggesting continuity of the Main Zone system, while several exceptional intercepts were visually comparable to the thick veins and brecciated zones of cassiterite existing at Mpama North.
Maritz Smith, CEO, stated: “These drill intercepts are very encouraging for the Mpama South Prospect. Mineralisation within the Main and Footwall Zones point to a possible Mpama North lookalike and we are encouraged by the resource expansion potential within the existing mining permit. Our view that the 13km long Bisie Ridge hosts multiple high-grade mineralised systems continues to be reinforced, which brings us closer to realising our vision of becoming one of the world’s largest long-life tin producers.”
Analyst Charles Gibson stated: “Fortuitously, Alphamin’s Bisie tin mine is hitting its stride at just the moment that the tin price is being forced upwards in the biggest squeeze in decades, providing it with a golden opportunity to repay debt and even to consider making distributions to shareholders as early as next year.”
The shares are trading at $0.63.
For more information please visit the company’s website www.AlphaminResources.com, contact Maritz Smith, CEO, at 230-269-4166 or by email at MSmith@AlphaminResources.com.
I’m Megan Edwards for Investmentpitch Media
