Alphamin Resources Corp.
Alphamin Resources Corp.
C/O Adansonia Management Limited Suite 1, Perrieri Office Suites, C2-302, Level 3, Office Block C La Crosette Grand Baie, N/A 30517
230 269-4166
Sector: Mining
Description
Alphamin Resources Corporation produces and explores tin concentrates.
The Mauritius-based firm claims to produce four per cent of the total tin mined in the world. It focuses on production and exploration of high-grade deposit at Mpama North.
The company hold five franchises covering approximately 1,270 kilometer in DR Congo’s North Kivu Province.
The exploration firm, founded in 1981, is listed on the Toronto Stock Exchange and Johannesburg Stock Exchange AltX under ‘APH’ as trading symbol.
Tin is a silvery metal used in electric vehicles, renewable energies, advanced robotics, developing green technologies and advanced computing.
The company is presently focused on exploration operations at Mpama North and Mpama South. In addition, the portfolio also comprises Bisie tin mine.
Mpama North
The property in Mpama North is reportedly has high-grade tin reserves globally. The company claims that the production capacity is approximately 10,000 tons of tin annually with an average grade of 4.5 per cent of tin.
Mpama South
The high-grade tin prospect is located approximately 750 meter from the firm’s Bisie mine. Located one kilometer away from Mpama North, the property consists of sixteen diamond drill holes. In 2016, the company claims to have completed an additional small diamond drilling program on the property.
The Bisie tin mine, located in DR Congo, reportedly provides export opportunities for the mining company. In addition, the tin producing firm claims to meet nearly 4 per cent of global demand.
As the lowest quartile cost tin producer, the company claims to have incorporated diversified infrastructure that offers imports and export services for products and raw materials. The mining firm also aims to extend the mine life and further develop Mpama North mine. In addition, it focuses on becoming one of the world’s largest tin producers through its three properties.
In addition to these projects, the company aims to discover a high-grade deposit at the Bisie Ridge site and develop a foremost mineral resource for the Mpama South prospect.
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