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ALPHAMIN RESOURCES CORPORATION - Commencement of hot commisioning at Bisie Tin mine, appointment of Douglas Strong and release of year end results

Release Date: 30/04/2019 17:32
Code(s): APH     PDF:  
 
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Commencement of hot commisioning at Bisie Tin mine, appointment of Douglas Strong and release of year end results

Alphamin Resources Corp.
Continued in the Republic of Mauritius
Date of incorporation: 12 August 1981
Corporation number: C125884 C1/GBL
TSX-V share code: AFM
JSE share code: APH
ISIN: MU0456S00006
(“Alphamin” or the “Company”)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR PUBLICATION, RELEASE OR
DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE UNITED STATES, AUSTRALIA,
JAPAN, THE REPUBLIC OF SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE
UNLAWFUL TO DO SO. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTIONS.

ALPHAMIN RESOURCES CORP. ANNOUNCES COMMENCEMENT OF HOT COMMISSIONING AT BISIE TIN
MINE, APPOINTMENT OF DOUGLAS STRONG TO THE BOARD AND RELEASE OF YEAR END RESULTS,

MAURITIUS – April 30, 2019 – Alphamin Resources Corp. (AFM: TSXV, “Alphamin” or the “Company”) is pleased
to announce that it has commenced hot commissioning at its flagship Bisie Tin Project (“Bisie”).

Construction of the mine was completed in the first quarter of 2019. Wet commissioning, whereby the plant runs on
water, was completed in the week commencing April 22, 2019. Hot commissioning, which involves feeding the plant
with material, checking instrumentation calibration, process flows and individual equipment throughput. The hot
commissioning which builds up to instantaneous design throughput of 50 tons per hour into the jigging section and
8 tons per hour into the gravity concentration section, commenced on April 25, 2019 and is expected to complete
during the week ended May 5, 2019. Following the completion of hot commissioning the Company will enter the
final commissioning phase of product optimisation.

The Company remains on track to achieve commercial production in the second half of 2019.

Mr. Douglas G. Strong has been appointed to the board of the Company, subject to regulatory approval, effective
May 1, 2019. Mr. Strong is a globally experienced former senior bank executive and chartered accountant. Through
his long international banking career, most recently as Managing Director Mining & Metals at Standard Chartered
Bank, Douglas gained significant successful exposure to mining and metals, international management, project
finance execution and origination & relationship management. Since leaving banking Mr. Strong has worked with
Gerald Metals, responsible for Corporate Finance. He is also Chairperson of the Gerald Group, HSEC Committee.

The Company has also released its financial statements and MD&A for the year-ending December 31, 2019 which
are available on SEDAR.

Further information, videos and photographs of the Project’s progress are available on the Alphamin
Resources Corp. website at www.alphaminresources.com

30 April 2019

JSE Sponsor
Nedbank Limited (acting through its Corporate and Investment Banking Division)


EDITORS NOTES:

FOR MORE INFORMATION, PLEASE CONTACT:

Boris Kamstra                                                   Alphamin Resources Corp.
Chief Executive Officer                                         Tel: +230 269 4166
                                                                E-mail: boris.kamstra@alphaminresources.com
                                                                Grand Baie, Mauritius

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.

ISSUED ON BEHALF OF THE BOARD OF DIRECTORS OF ALPHAMIN RESOURCES CORP. BY:
    Boris Kamstra, Chief Executive Officer
    Tel: +230 269 4166
    Grand Baie, Mauritius

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information in this news release that is not a statement of historical fact constitutes forward-looking information.
Forward-looking statements contained herein include, without limitation, statements relating to the intended
completion of additional financing and the anticipated use of funds from such financing, the participation of Tremont
and other stakeholders, the satisfaction of conditions precedent under the Credit Facility, the Company’s intentions
to raise the balance of funding required to complete construction of the Project and the sources thereof, additional
subscription by IDC, costs of production, success of mining operations, the ranking of the project in terms of cash
cost and production, economic return estimates, social, community and environmental impacts, and continued
positive discussions and relationships with local communities and stakeholders. Forward-looking statements are
based on assumptions management believes to be reasonable at the time such statements are made. There can
be no assurance that such statements will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements. Although Alphamin has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially
from expected results described in forward-looking statements include, but are not limited to: Alphamin’s ability to
secure sufficient financing to advance and complete the Project, uncertainties associated with Alphamin’s resource
and reserve estimates, uncertainties regarding the estimation of future costs, uncertainties regarding global supply
and demand for tin and market and sales prices, uncertainties associated with securing off-take agreements and
customer contracts, uncertainties with respect to social, community and environmental impacts, adverse political
events, uncertainties with respect to optimization opportunities for the Project, as well as those risk factors set out
in the Company’s Management Discussion and Analysis and other disclosure documents available under the
Company’s profile at www.sedar.com. Forward-looking statements contained herein are made as of the date of this
news release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result
of new information, future events or results or otherwise, except as required by applicable securities laws.

Date: 30/04/2019 05:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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