Alphamin Resources’ Maritz Smith on commencing production at its fine tin recovery plant
In a recent InvestorIntel interview, Tracy Weslosky speaks with Maritz Smith, CEO of Alphamin Resources Corp. (TSXV: AFM) about Alphamin’s recent milestones including substantially reducing net debt and fully commissioning and commencing production at its fine tin recovery plant.
In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Maritz went on to say that the fine tin recovery plant is expected to increase production by 5-10%. He added, “Alphamin is a high-margin pure tin producer with margins in excess of 50%.” Alphamin currently produces 4% of the world’s mined tin from Mpama North which is the world’s highest-grade tin resource – about four times higher than most other operating tin mines in the world. Maritz told InvestorIntel that Alphamin is expected to be debt-free in this calendar year and is progressing well with its various drilling campaigns with an objective to substantially increase the resource base and double the current production rate.
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About Alphamin Resources Corp.
Alphamin Resources is a low cost tin concentrate producer from its high grade deposit at Mpama North. This is on its mining license and it has an additional five exploration licenses covering a total of 1,270km2 in the North Kivu Province of the Democratic Republic of Congo (DRC). Alphamin is headquartered in Mauritius and listed on the Toronto Stock Exchange (TSXV: AFM) and the Johannesburg Stock Exchange AltX (JSE AltX: APH). At a tin grade of roughly 4.5%, Mpama North is the world’s highest-grade tin resource – about four times higher than most other operating tin mines in the world. The Mpama North mine is in production. It has an output of ~10 000 tonnes of contained tin per annum, amounting to ~3% of the world’s mined tin supply. Alphamin is aiming to increase annual tin output and life of mine through incremental production from Mpama South and by adding more mines in close proximity to the current production and from within our licensed footprint. Their management team has successfully developed and brought the Bisie tin mine to production and is focused on taking the business to the next level as they pursue their objective of realising the full value potential of this extraordinary tin complex.
To learn more about Alphamin Resources Corp., click here
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