Resource Global Network the first phase of the mine at Bisie – was completed on time and first production was achieved in the second quarter of 2019. In the following quarter, Alphamin boosted production by 269% to 2,345 tonnes of contained tin and overall plant recoveries improved to 65% in August and September, edging towards the company’s stated target of 72%. Tin grades mined and processed also increased in Q3 to an average 5.6% Sn, which is expected to taper off to 4-5% Sn during the final quarter of the year. Alphamin said it expects to produce 2,000-2,200 tonnes of contained tin in Q4.
A globally significant tin mine Alphamin believes Bisie is one of the highest grade tin resources in the world, with two known deposits – Mpama North and the adjacent Mpama South, where access work is already taking place to develop the company’s next deposit. There are also additional exploration targets further South. Current metrics estimate that Mpama North will produce approximately 10,000 tonnes of contained tin a year, based on a mineral resource estimate of 208,100 tonnes in the measured and indicated category. The 12.5-year underground operation has a short payback period and it should fall into the lowest cost quartile of all tin producers, while generating an average EBITDA of
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