Resources is a low-cost concentrate producer from its high-grade deposit at Mpama North. This is on its mining license and it has an additional five licenses covering a total of 1,270km2 in the North Kivu Province of the Democratic Republic of Congo (DRC). is headquartered in Mauritius and listed on the Toronto Stock Exchange (TSXV: AFM) and the Johannesburg Stock Exchange AltX (JSE AltX: APH).

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 was completed in the second quarter of 2019. It has an output of ~10,000 tonnes of contained 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 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 Information

Project Name Mpama North
Country DR Congo
Mine Type Underground
Product Concentrates
Output (t/y Sn) 9,600
Mine Life (years) 12
Start Date 2019
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)
Sn (%) 3.58 167,300

NI 43-101 Measured & Indicated Mineral Resource

Ore (Mt) 4.6 Metal (t or g)
Sn (%) 4.52 208,000