AMN - DRC: Tin project C4 commissioning complete

Alphamin Resources Corp has completed C4 commissioning of its Bisie Tin Project processing plant in the DRC. C4 involves feeding the system with material, checking instrumentation calibration, process flows and individual equipment throughput and building up to instantaneous design throughput.

A C4 certificate indicates that a unit or the entire system is complete and can operate with material.

C5 is the final stage of the commissioning process and this is achieved when the facility has run at and held at full continuous production at nameplate capacity for a duration of 48 hours.

Attaining C5 and the ramp-up to nameplate capacity is taking longer than expected as aspects of the processing plant operations are refined and optimised.

Concentrate produced during commissioning and the plant ramp-up is being delivered to Gerald Metals in Kampala. Gerald Metals to date has taken delivery of 96 tonnes of concentrate.

A further 192 tonnes are on route to Kampala from Logu, Alphamin’s marshalling yard for tin exports where a further 240 tonnes are being cleared for export prior to departing for Kampala. Total production to date is 528 tonnes.

Nameplate production is expected to be achieved during the second half of 2019.

Sound Mining Solutions is nearing completion of the revised mine design. Once complete, the NI 43-101 will be updated.

The Directorate General of Taxes has informed Alphamin VAT disbursements will be forthcoming.

The Industrial Development Corporation (IDC) will be matching their pro rata share of the recent equity raised by Alphamin.

To avoid requiring any additional funding Alphamin requires breakeven production of circa 800 tonnes of concentrate per month, be achieved by during July 2019.

www.alphaminresources.com