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Markets // Tin Explorers

Articles tagged with: Bisie

Alphamin secures $80 million loan for Bisie development

Post By: Tom Mulqueen on Friday, 17 November 2017

Toronto-listed Alphamin Resources has signed a US$80million credit agreement with a syndicate of lenders to help fund the development of its Bisie tin mine in DR Congo and hopes to raise the remaining required amount through private placements by the end of 2017.

The lending syndicate includes Sprott Private Resource Lending, Barak Fund SPC Limited and Tremont Master Holdings. In addition to the $80 million credit agreement, the Industrial Development Corporation and Tremont have committed to investing $13.7m at...

Alphamin plan US$38 million equity fundraising

Post By: Tom Mulqueen on Friday, 16 June 2017

Alphamin Resources Corp. (AFM: TSXV) has announced plans for a private placement with which it hopes to raise approximately US$38 million to fund further construction activities at its 82.5% owned Bisie Tin Project in North Kivu, Democratic Republic of Congo,

The company plans to issue 146,500,000 Units consisting of one common share of the company and half of one common share purchase warrant for total proceeds of approximately US$38.0 million. 81,454,000 Units will be issued in a private...

Funding progress at Bisie as early works begin

Post By: Tom Mulqueen on Tuesday, 25 April 2017

Alphamin Resources Corp. (AFM: TSXV) has announced that early construction works have commenced at its Bisie Tin Project in North Kivu, Democratic Republic of Congo, while significant progress has been made on finding a full funding solution for the project.

The work on the box cut and the continued upgrading of the 34km access road has already commenced with expected completion by December this year, following the successful upgrading of the initial 9km of the access road to enable...

Alphamin report detailed design and budget estimates

Post By: Tom Mulqueen on Tuesday, 07 February 2017

TSX-listed Alphamin Resources has announced the results of detailed design work and budget estimates for its 80.75% owned Bisie Tin Project in the Democratic Republic of Congo. The work has resulted in an improvement in several operational parameters as well as an increase in proven and probable reserves to 4.67 Mt at 3.58% Sn (or 167,000 tonnes of tin)

The report explains that while the fundamental mining method has not changed, the layout and mine design parameters have improved...

Alphamin announces updated DFS

Post By: Tom Mulqueen on Thursday, 30 June 2016

Tin explorer, Alphamin Resources Corp.(TSX-V:AFM), has announced an updated feasibility study (DFS) for its Bisie tin project in North Kivu, Democratic Republic of Congo, to reflect an increase in Mineral Resources at the site.

In May this year the company reported a 34% increase in Probable Mineral reserves to 152,768 tonnes of contained tin (3.52 Mt of ore @ 4.34% Sn). Adjusting for this change and improved economic outlook relative to the previous DFS, released in February, has...

Alphamin publish full DFS study for Bisie

Post By: Tom Mulqueen on Tuesday, 29 March 2016

Canada-listed Alphamin Resources Ltd. (TSX-V: AFM) has published the full, NI 43-101compliant, Definitive Feasibility Study (DFS) for its Bisie tin project, in North Kivu, DR Congo. The study, led by MDM Engineering, concludes that the project is economically viable, technically credible and environmentally sound at current tin prices.

The report estimates cash costs for each tonne of contained tin produced totalling $8,448, including $2,671 for mining, $1,755 for processing, $1,550 for administration, $863 for transport, $1,458 for marketing and...

Alphamin announces US$10 million investment by IDC

Post By: Tom Mulqueen on Wednesday, 11 November 2015

TSX-V listed Alphamin Resources Corp. has announced an agreed investment worth up to US$ 10 M by the Industrial Development Corporation of South Africa Ltd. (IDC) in return for a 14.25% equity stake in Alphamin DR, the companies subsidiary in the Democratic Republic of Congo (DRC)

Interim Alphamin CEO, Boris Kamstra, said: "The IDC's investment into Alphamin DRC represents a vote of confidence for Alphamin from a significant experienced long term investor. We look forward to working with the...

Drilling at Bisie continues to show promise

Post By: Tom Mulqueen on Friday, 17 July 2015

Canadian listed Alphamin Resources Corp (AFM: TSXV) has reported positive results from infill drilling at its Mpama North prospect and drilling of the company’s new discovery, The Wedge, both part of its Bisie Tin Project in DR Congo.

Ten additional drill holes in The Wedge area to the south east of Mpama North have returned significant tin mineralisation including 18.4 metres at 6.6% Sn from 122.6 metres depth. An updated Mineral Resource Estimate is planned for early in Q3...

Alphamin reports updated mineral resource for Bisie

Post By: Tom Mulqueen on Tuesday, 31 March 2015

Canadian listed, Alphamin Resources Corp. (TSX-V: AFM) has released an updated, JORC compliant mineral resource for the Mpama North deposit, part of its Bisie tin project in North Kivu, DRC. Indicated resources total 2.65 Mt at 4.49% Sn, equal to 119,240 tonnes of contained tin, and inferred resources total 1.2 Mt at 3.6% Sn for 42,800 tonnes of contained tin, with both figures using a 0.5% Sn cut-off.

95% of the Mpama North resource is accounted for by the...

Alphamin reports planned share offering

Post By: Tom Mulqueen on Friday, 05 December 2014

TSXV listed Alphamin Resources Corp. has announced plans for a non-brokered private placement to raise C$15 million. Insiders at Alphamin are expected to subscribe to C$12.25 million of the placement, the proceeds from which will provide working capital and funding for completion of the DFS, exploration work and long lead item procurement for mine construction at Alphamin's Bisie Tin Prospect.

Alphamin is focused primarily on tin and has five 100% owned permits in the north Kivu Province, DRC. The...


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