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Project: | Bisie | |
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Deposit: | Bisie | |
Location: | Democratic Republic Of Congo | |
Commodities: | Tin | |
Date: | 6/27/2016 | |
Report Code: | NI43-101 | |
Report Type: | Feasibility Study | |
Project Stage: | Mine Development | |
Report details: | 27-6-2016: Alphamin Resources Corp. announces a Feasibility Study report for its Bisie deposit at the Bisie project. Updated Feasibility study results incl. NPV (8%) of $262.7M, IRR of 48.4%, 23 month payback period. The Consultants have been commissioned | |
Resources: | (Reserve, P+P): 3.517Mt @ 4.34% Sn for 152627t Sn contained | |
CP/QP: | [Resources]: Jeremy Witley (MSA Group Pty Ltd.) | |
ABSTRACT: | The Consultants have been commissioned by Alphamin Resources Corp. (Alphamin, the Company) to update the NI 43-101 Technical Report on the Company’s Bisie Tin Exploration Project, located in the Walikale District, North Kivu Province, Democratic Republic of the Congo (DRC). Alphamin, through its jointly owned subsidiary (80.25% ownership, the remainder with the Industrial Development Corp. of South Africa and the government of the DRC), Alphamin Bisie Mining SA (ABM), has legal title over five exploration permits (No’s: PR 5270; PR 10346; PR 5266; PR 5267; and PR 4246) and one mining permit (PE 13155) in total covering 1,270 km2 in the North Kivu Province. Mpama North and Mpama South are located on PE 13155. Alphamin Bisie Mining SA was formerly known as Mining Processing Congo SPRL (MPC). Alphamin is a publicly traded company listed on the TSX Venture Exchange (TSX-V) under the symbol AFM and on the Frankfurt Stock Exchange under the symbol A0RBSV. The report has been prepared to comply with disclosure and reporting requirements set forth in National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101), Companion Policy 43-101CP, Form 43-101F1, and the CIM Definition Standards for Mineral Resources and Mineral Reserves adopted by the CIM Council 10 May 2014. | |
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