Mpama North has a NI43-101 compliant Resource grade of 4.5% tin, placing it amongst the highest grade deposits in the world.
The Mpama North Mine
Alphamin’s processing plant’s construction was completed in the second quarter of 2019. It has an output of ~10,000 tonnes of contained tin per annum, amounting to ~3% of the world’s mined tin supply. Alphamin are 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 licensed footprint.
Alphamin’s 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 aim to realise the full value potential of this tin complex.
Mpama North is already in production, and by using the positive cashflow it generates, additional production from Mpama South and other prospective targets is planned.
Currently, all-in sustaining costs (AISC) at the Mpama North mine are between US$ 10,000 and US$ 12,000 per tonne. Alphamin aims to lower these further as the production process is further refined and more volume is added.
|Project Name||Mpama North|
|Output (t/y Sn)||9,600|
|Mine Life (years)||12|
|Capital Cost (US$ M)||151.4|
|Cash Cost (US$/t of tin)||10,000 – 12,000|
NI 43-101 Mineral Reserve
|Ore (Mt)||4.67||Metal (t)|
NI 43-101 Measured & Indicated Mineral Resource
|Ore (Mt)||4.6||Metal (t or g)|