AMN - DRC: Bisie on track for commercial production

Alphamin Resources Corp recently started hot commissioning at its flagship Bisie Tin Project in the DRC. Construction of the mine was completed in the first quarter of 2019 and wet commissioning was completed in the week commencing April 22, 2019.

Wet commissioning involves the plant being run on water while hot commissioning involves feeding the plant with material, checking instrumentation calibration, process flows and individual equipment throughput.

The hot commissioning, which builds up to instantaneous design throughput of 50 tonnes per hour into the jigging section and 8 tonnes per hour into the gravity concentration section, began on April 25, 2019, and was expected to be completed during the week ended May 5.

Following completion of hot commissioning, the company entered the final commissioning phase of product optimisation.

Alphamin remains on track to achieve commercial production in the second half of 2019.

The company has recently appointed Douglas G Strong to the board. He is a globally experienced former senior bank executive and chartered accountant.  Through his long international banking career, most recently as managing director Mining & Metals at Standard Chartered Bank, Douglas Strong gained significant successful exposure to mining and metals, international management, project finance execution and origination & relationship management.

Since leaving banking Mr Strong has worked with Gerald Metals, responsible for Corporate Finance. He is also chairperson of the Gerald Group, HSEC Committee.

Early in April, Alphamin completed a non-brokered private placement of equity units raising gross proceeds of C$15.96 million.

Net proceeds will be used to complete mine construction work on the Bisie project and for working capital and general corporate purposes.

www.alphaminresources.com