To view the PDF file, sign up for a MySharenet subscription.
Back to APH SENS
ALPHAMIN:  340   0 (0.00%)  01/01/1970 00:00

ALPHAMIN RESOURCES CORPORATION - Bisie Tin Project C4 commissioning complete

Release Date: 18/06/2019 17:04
Code(s): APH     PDF:  
 
Wrap Text
Bisie Tin Project C4 commissioning complete

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”)

                             BISIE TIN PROJECT C4 COMMISSIONING COMPLETE

Alphamin Resources Corp. (Alphamin) completed C4 Commissioning of its Bisie tin project Processing Plant.

C4 involves feeding the system with material, checking instrumentation calibration, process flows and individual
equipment throughput and building up to instantaneous design throughput. A C4 certificate indicates that a unit or
the entire system is complete and can operate with material.

C5 is the final stage of the commissioning process. This is achieved when the facility has run at and held at full
continuous production at nameplate capacity for a duration of 48 hours.

Attaining C5 and the ramp up to nameplate capacity is taking longer than expected as aspects of the processing
plant operations are refined and optimised.

Concentrate produced during commissioning and the plant ramp up, are being delivered to Gerald Metals in
Kampala. Gerald Metals have taken delivery of 96 tonnes of concentrate. A further 192 tonnes are on route to
Kampala from Logu, Alphamin’s marshalling yard for tin exports where a further 240 tonnes are being cleared for
export prior to departing for Kampala. Total production to date is 528 tons.

Sound Mining Solutions are nearing completion of the revised mine design. Once complete the NI 43-101 will be
updated.

The Directorate General of Taxes have informed Alphamin VAT disbursements will be forthcoming.

The Industrial Development Corporation (IDC) will be matching their pro rata share of the recent equity raised by
Alphamin.

Nameplate production is expected to be achieved during H2 2019. To avoid requiring any additional funding
Alphamin requires break even production of circa 800 tonnes of concentrate per month, be achieved by during July
2019.

FOR MORE INFORMATION, PLEASE CONTACT:

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

18 June 2019

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


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 terms and
intended completion of the Private Placement, the anticipated use of funds from the Private Placement, the
anticipated additional debt drawdown, the participation of the IDC and other stakeholders, 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 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.

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.

Date: 18/06/2019 05:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story