Published: March 1, 2016 |

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Alphamin Resources Corp has completed the feasibility study for its 84.55 percent owned Bisie Tin Project in east central Democratic Republic of Congo (DRC). The study supports a technically simple underground mining operation with recovery of tin via gravity separation methods that offers low unit capital and operating costs, rapid payback and strong financial performance at metal prices of US$14,800/t tin.

“The Bisie Project is an ideal foundation on which to build a mining company, and act as a catalyst for the economic development of North Kivu. It is straightforward, financeable, resilient, and has tremendous opportunity to grow. We are delighted to have reached such an important milestone, and feel strongly that our development approach is ideally suited to the attributes of the orebody,” said Boris Kamstra, chief executive officer of Alphamin Resources.

“The Bisie Project stands out in the world of tin development projects. With very high tin grades, excellent metallurgical recoveries, very low levels of deleterious materials in concentrate, an approved mining license, modest capital requirements and low operating costs, our projected margins are healthy. In addition, the project has been designed to provide flexibility to scale up and take advantage of the potential to deliver additional tin metal from the known areas of mineralisation, as demonstrated by our exploration team’s efforts at Mpama North. The foundations for a profitable tin producer are in place today with a proven management team to lead us forward,” added Kamstra.

The feasibility study supports an underground mine at the Mpama North orebody containing over 190,000 tonnes of tin from defined mineral resources. The process plant is designed to treat the run of mine material using proven gravity separation methods.

The proposed Bisie Project implementation plan is over a period of 18 months, with underground ore development and stoping commencing 12 months before first production of tin in concentrate, which is anticipated in Q4 2018. The project requires an estimated initial capital expenditure of US$119.3 million to support the construction of an access road, underground mine, process plant, tailings dam and associated facilities with a process capacity of 360 ktpa. The mine is estimated to produce on average 9,000 tonnes of tin contained in concentrate per year over a 10.5 year mine life, with all-in operating costs of $8,450/t Sn.

It is anticipated that the Bisie Project would employ approximately 700 people during construction, and create approximately 450 permanent local jobs during operations along with significant economic benefits in an area of the DRC that has seen little foreign investment.

To read more details in the company’s press release, CLICK HERE

About Alphamin Resources
Alphamin Resources Corp. is a Toronto Venture Exchange listed, Mauritius-based mineral exploration company targeting tin. Alphamin holds tenements in the Democratic Republic of the Congo.

To stop by Alphamin Resources’ website, CLICK HERE

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