Alphamin Resources Corporate Update (Jan 2014)
- 1. AFM TSX.V 1 April 2014 www.alphaminresources.com Bisie Project
- 2. AFM TSX.V DISCLAIMER The statements made in this presentation which are not historical facts contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this presentation pertains. The actual results of the specific items described in this presentation, and the company’s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this presentation, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company’s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. Such risks and uncertainties are described in periodic filings made by Alphamin Resources Corp with United States and Canadian Securities regulators and authorities. The company disclaims any obligation to update information contained in any forward-looking statement 2www.alphaminresources.com
- 3. AFM TSX.V CAPITAL STRUCTURE Pink Cassiterite 1) Toronto Venture Exchange: TSX-V AFM.V, Berlin 6AJ.BE, Frankfurt 6AJ.F 3) 52 week high / low: C$0.10 / C$0.42 4) Market Cap (C$0.30): C$76.8m 5) Share outstanding: 256m 6) Warrants outstanding: 12.1m 7) Options outstanding: 13.8m Currency is Canadian Dollars 3www.alphaminresources.com
- 4. AFM TSX.V MANAGEMENT TEAM Rudolf Pretorius Non Executive Director Mr. Pretorius formed Treacle Private Equity in 1999 with two partners. At Treacle, Mr. Pretorius has been involved in numerous investments and has served on the board of multiple companies. 4 Juan Carlos Del Rio Non Executive Director Mr Del Rio currently serves on the board of BASIC RESOURCES AG and ROME RESOURCES LTD. He formerly served as CEO in the ASTROC Group since its IPO and led the group to its double cross- border M&A USD 20 Bio. www.alphaminresources.com Brendon Jones Non Executive Director Mr Jones currently holds a number of Executive and Non-Executive Directorships, including Tremont Master Holdings, a mining investment company. His Board roles include the review and approval of investment proposals presented by the various investment teams. Mark Gasson Non Executive Director, Technical Consultant Mr Gasson is a qualified geologist based in Switzerland and has held senior positions with a number of Australian and international mining companies operating in Africa. He was involved in the discovery of 2Moz of gold in Tanzania and Kipoi (Tiger Resources) 1mt copper deposit. He is also CEO of Panex resources. Tom Borman Non executive Director Tom Borman is a Chartered Accountant with a vast experience in the mining and minerals industry. Tom is an active director of Beacon Rock Corporate Services, a mining consulting company. He is also a non-executive director of Metmar Limited. Ross Doyle Chief Financial Officer Ross Doyle qualified as a Chartered Accountant in 1995. Mr Doyle has had several senior roles including 9 years commodities experience at Glencore.
- 5. AFM TSX.V COMPANY HIGHLIGHTS – BISIE PROJECT ? 10,630 metres of diamond drilling completed on the Bisie Prospect since July 2012 ? Initial Inferred Mineral Resource of 4.01mt @ 3.5%Sn (0.25% Sn cut off) for 141,200 tonnes contained tin at Mpama North ? 43-101 filed in January 2014 ? Positive results from tin deportment and metallurgical studies: coarse cassiterite (0.2 – 0.3 mm) and 85% recoveries ? Good potential regional targets identified for follow up Pink Cassiterite 5www.alphaminresources.com
- 6. AFM TSX.V TIN FACTS ? Main uses: Solder (54%), Tinplate (16%), Chemicals (14%) ?15 iPads/Tablets contain as much tin solder as the average car. ?Smart phones contain 1.5% tin by weight. ?Worldwide shortages are expected since Indonesia (first global exporter) cut down exports by 90% ?Few new sustainable projects in developmentCassiterite crystal 6www.alphaminresources.com
- 7. GLOBAL RESOURCES FOR PEER EXPLORERS www.alphaminresources.com 7 0 50 100 150 200 22 52 57 71.5 81 131 151 181 141 TinResource/Reserve(kt)
- 8. GRADE & RESOURCES FOR PEER EXPLORERS www.alphaminresources.com 8 AFM MLX KAS VMS SRZ Taronga CSD YTC -1 0 1 2 3 4 5 -10 0 10 20 30 40 50 60 Tin Grade (% Sn) Resources/Reserves (MT ore) ?Exceptionally high grades ?Potential for other resources
- 9. PEER TIN EXPLORERS www.alphaminresources.com 9 Grade (% Sn) Mtons Tons contained Sn Depth Grain Size Recovery Alphamin Resources 3.5 4.01 141,200 50 to 220 m depth Coarse 85% recovery Kasbah 0.85 15.3 131,000 600m depth Fine Stellar Resources 1.14 6.28 71,500 550m depth Fine 70% recovery Metal X Ltd. 1.57 9.7 151,000 200- 1000m depth 70% recovery Consolida ted Tin 0.39 13.12 52,000 From surface Fine 68% recovery
- 10. AFM TSX.V DEMOCRATIC REPUBLIC OF CONGO REASONS TO INVEST ? Increased political stability ?Democratic elections witnessed – President Joseph Kabila reelected in 2011 ?New mining code introduced in 2002 (under revision) ?Smart money is investing in DRC mining sector. Copper/cobalt ( Freeport McMoran, Katanga Mining, Anvil Mining, Metorex ) Gold ( Randgold Resources, Anglogold Ashanti, Banro ) ?China investing in infrastructure for rail, roads and power to develop sustainable production ?ITRI/BGR participation in DRC tagging and control of conflict tin ?Recent surrender of M23 rebel group controlling conflict mining in North Kivu Province 10www.alphaminresources.com
- 11. AFM TSX.V BISIE PROJECT ? 5 Permits covering 1,470 square kilometers in North Kivu Province ? Permits 100% owned ? Work commenced on PR5266 (contains Bisie Prospect) in early 2012 ? 180km from Regional Centre of Goma (border with Rwanda) www.alphaminresources.com 11
- 12. AFM TSX.V BISIE TIN PROSPECT ? Tin first discovered in 2004 ? High grade tin mineralisation mined by artisanal miners in two areas: Mpama North and Mpama South ? Exceptional drilling results (Mpama North): ? 15m @ 7.94%Sn from 171m & 7.65m @ 9.40% Sn from 192m ? 29m @ 3.30% Sn from 165m, incl. 11m @ 6.06% Sn ? 17m @ 6.78% Sn from 185m, incl. 4.35m @ 18.62% Sn ? 14.8m @ 1.03% Cu from 176m, incl. 4.35m @ 1.42% Cu ? Targeting >500,000 tonnes of tin metal Bisie mineralisation 12 www.alphaminresources.com Mpama South Mpama North
- 13. MPAMA NORTH: INFERRED MAIDEN RESOURCE ? Resource covers 400m strike down to 250m below surface ? First 50m not included (depletion from artisanal workings) ? Tin mineralisation in two discrete zones with internal waste of varying thickness ? Mineralisation has strong chute geometry (plunge to north) ? Strong copper association www.alphaminresources.com 13 Mpama North Inferred Resource Cut-off grade (Sn%) Tonnes (Millions) Sn % Sn Tonnes (Thousands) Cu (%) Zn(%) Pb(%) 0.25 4.01 3.52 141.2 0.27 0.12 0.006 Cassiterite
- 14. BISIE 3D MODEL (LOOKING SOUTH) 14
- 15. AFM TSX.V DRILLING – MPAMA NORTH 15www.alphaminresources.com ? Deep drilling below 200m commenced at Mpama North in February 2014 (6 holes for 1,720m) ? Visible cassiterite veins observed down to 350m below surface ? Significant results from first 2 holes: ? 24.5m @ 2.03% Sn from 247m including 15.18m @ 2.94% Sn from 252.12m ? Metallurgical drilling near completion (20 holes for 1,986m) ? 7 tonnes of ore required for metallurgical testwork
- 16. AFM TSX.V MPAMA NORTH – INFILL DRILLING 16www.alphaminresources.com Sterilized Area Infill Target Area ? 6,000m of infill drilling planned for mineral resource upgrade ? Targeting high grade mineralised chute ? New mineral resource expected in Q3
- 17. AFM TSX.V MPAMA SOUTH DRILLING RESULTS 17www.alphaminresources.com MASSIVE SULPHIDE TIN MINERALISATION Mpama South Mpama North ? Two zones intersected at Mpama South: ? zinc/lead/silver zone ? tin/copper zone with increased quartz veining ? Best intercepts include: ? 32.2m @ 0.76% Sn from 106.9m, incl. 22.05m @ 1.02% Sn ? 11m @ 1.48% Sn from 71m, incl 2.5m @ 5.76% Sn ? 19m @ 197g/t Ag , 17.7m @ 14.11% Zn and 14.75m @ 10.82% Pb from 61m ? 35m @ 0.77% Cu from 53m, incl. 10m @ 1.67% Cu
- 18. AFM TSX.V SOIL GEOCHEMISTRY ?Soil samples collected over 7km of the ridge which hosts the Bisie deposit ?Coherent zinc and lead anomaly (best association with tin mineralisation) defined over 6km ?Ongoing soil sampling programme will ensure complete coverage over 8km of the Bisie ridge, and adjacent granite 18 MPAMA NORTH MPAMA SOUTH
- 19. REGIONAL TARGETS www.alphaminresources.com 19 Bisie Project Umate prospect New Targets 5270 10346 5266 5267
- 20. AFM TSX.V GOLD TARGET: UMATE ? Located on PR 5267 (currently under force majeure) ? Exploitation of alluvial and primary resources during 1950 – 1960s ? Two main areas of exploitation - Makua and Nyamakondjo basins ? In the Nyamakondjo basin large quartz veins were exploited, along with the alluvial material ? Good potential for discovery of primary gold resources 20www.alphaminresources.com Makua Nyamakondjo
- 21. COMPANY VISION 21 ? Develop the first commercial mine in the North Kivu Province ? Establish and fund the “Alphamin Foundation” - 4% of all project expenditure ? Create an artisan training school where trained personnel can provide services to the communities and the mine ? General upliftment of all inhabitants of the greater Walikale ? A successful project will attract new investment to North Kivu
- 22. AFM TSX.V WAY FORWARD – PROJECT TIMELINE 22www.alphaminresources.com
- 23. CONCLUSION ? Bisie is on track to becoming the first commercially developed mine in the North Kivu Province, DRC ? Initial work indicates underground mining methods will be required ? Good potential for new tin and gold discovery ? Strong focus on community development programmes for the upliftment of the local population www.alphaminresources.com 23
- 24. AFM TSX.V Contact Us ZUG OFFICE: +41 41 711 02 81 C/O Coresco AG Gotthardstrasse 20 CH – 6300 Zug Email: info@coresco.ch Mark Gasson, Director: mark.gasson@coresco.ch +41 798 824 602 Ross Doyle, CFO / Investor Relations: ross.doyle@coresco.ch + 41 765 151 774 24www.alphaminresources.com