C2-202, Level 2, Office Block C, La Croisette, Grand Baie, 30517, Mauritius NEWS RELEASE 2016-11 ALPHAMIN PROVIDES BISIE PROJECT UPDATE
MAURITIUS – September 08 , 2016 “Company ”) is pleased to announce include strengthening the project team private placement is also planned.
“Alphamin is pleased to announce continued progress towards bringing its Bisie project int includes attracting and retaining additional will be leading Alphamin Bisie Mining in the interface between mining companies, the GoDR C, local communities, and artisanal miners. Richard has moved with his family to Goma from where he wil l be guiding Alphamin’s operations. Alphamin is pleased to welcome Ian Dun, who was previously respons including at their San Rafael mine. Ian has joined the Alphamin team to apply his high grade tin processing knowledge to Alphamin’s process design for Bisie.
via DRA, secured the services of Tony Cox, one of the world’s leading Sub Level Alphamin has also made significant strides preparing the supporting i nfrastructure for our operations. The access track linking Bisie to the accommodate 4 ton loads. This will be upgraded further to accommo date the heavy vehicles required to transport the construction materials to Bisie. Truc ks carrying seven container early works have recently made the trip from Johannesburg to the head of the average time of 21 days. The rehabilitation work Alphamin, on the Goma Walikale during operations. Alphamin intends to make a $8.5m non brokered priva te placement in September. The proceeds will be used to fund Bisie’s development project.” Boris Kamstra, CEO Alphamin Resources Corp.
Project team
Alphamin is pleased to announce managing director of the Company’s DRC subsidiary, Alphamin Bisie Mining SA. wealth of DRC experience having served as States Agency for In ternational Development based in Kinshasa, DRC focal point for U.S. government support for conflic t joining USAID in 2011 Richard was Social Programs M anager for F Mine in Katanga responsible for community developme nt, resettlement and community managing responses to illegal artisanal mining incu rsions. In 2003 Richard began the development NGO Pact’s programs in the DRC’s Katanga province, including its role as a social and artisanal mining risk
202, Level 2, Office Block C, La Croisette, Grand Baie, 30517, Mauritius www.alphaminresources.com
BISIE PROJECT UPDATE / ANNOUNCES PRIVATE PLACEMENT, 2016 – Alphamin Resources Corp. (AFM: TSXV, “ Alphamin is pleased to announce an update on progress made on its Bisie tin project. The highlights project team and infrastructure improvements around the project area
is pleased to announce continued progress towards bringing its Bisie project into production. This additional premier skills to the current Alphamin team. Richar d Robinson will be leading Alphamin Bisie Mining SA , Alphamin’s DRC company. Richard has many years of experience in the interface between mining companies, the GoDR C, local communities, and artisanal miners. Richard has moved with his family to Goma from where he wil l be guiding Alphamin’s operations. Alphamin is was previously respons ible for optimising the processing plants of Minsur, their San Rafael mine. Ian has joined the Alphamin team to apply his high grade tin processing knowledge to Alphamin’s process design for Bisie. To assist us with mine design we are fortunat via DRA, secured the services of Tony Cox, one of the world’s leading Sub Level Caving Mining Engineers. made significant strides preparing the supporting i nfrastructure for our operations. The Walikale Kisangani road has been cleared and will s hortly be able to ton loads. This will be upgraded further to accommo date the heavy vehicles required to transport the construction materials to Bisie. Truc ks carrying seven container s of ma terials required for the made the trip from Johannesburg to the head of the Bisie access road in an average time of 21 days. The rehabilitation work done by the Government of North Kivu, supported by road contributed materially to this and bodes well for efficient logistics Alphamin intends to make a $8.5m non brokered priva te placement in September. The fund Bisie’s development up to the final capital raise for the construction of this project.” Boris Kamstra, CEO Alphamin Resources Corp.
Alphamin is pleased to announce that on January 14, 2016 Dr Richard Robinson was appointed as managing director of the Company’s DRC subsidiary, Alphamin Bisie Mining SA. Dr. Robinson wealth of DRC experience having served as the Extractive Industries Technical Adviser with th e United ternational Development based in Kinshasa, DRC from 2011 through 2015, serving as a focal point for U.S. government support for conflic t-free mining in the DRC and great lakes region joining USAID in 2011 Richard was Social Programs M anager for F reeport McMoRan’s Tenke Fungurume Mine in Katanga responsible for community developme nt, resettlement and community liaison managing responses to illegal artisanal mining incu rsions. In 2003 Richard began the development NGO he DRC’s Katanga province, including its role as a social and artisanal mining risk
/ ANNOUNCES PRIVATE PLACEMENT Alphamin ” or the project. The highlights improvements around the project area . A US$8.5m
- production. This premier skills to the current Alphamin team. Richar d Robinson, Alphamin’s DRC company. Richard has many years of experience in the interface between mining companies, the GoDR C, local communities, and artisanal miners. Richard has moved with his family to Goma from where he wil l be guiding Alphamin’s operations. Alphamin is optimising the processing plants of Minsur, their San Rafael mine. Ian has joined the Alphamin team to apply his high grade tin processing To assist us with mine design we are fortunat e to have, Mining Engineers.
made significant strides preparing the supporting i nfrastructure for our operations. The Walikale Kisangani road has been cleared and will s hortly be able to ton loads. This will be upgraded further to accommo date the heavy vehicles required to terials required for the access road in an Kivu, supported by road contributed materially to this and bodes well for efficient logistics Alphamin intends to make a $8.5m non brokered priva te placement in September. The for the construction of this Richard Robinson was appointed as Dr. Robinson brings a the Extractive Industries Technical Adviser with th e United from 2011 through 2015, serving as a mining in the DRC and great lakes region . Prior to reeport McMoRan’s Tenke Fungurume liaison including managing responses to illegal artisanal mining incu rsions. In 2003 Richard began the development NGO , he DRC’s Katanga province, including its role as a social and artisanal mining risk
management and community development partner with re sponsible mining companies. Richard has prior experience in manufacturing, public the developing world, and has taught and directed i n MBA programs in both the United States and South Africa. Richard was born in the DRC, is a permanent resident Goma.
In Jun e, 2016 Alphamin engaged Mr. Ian Dun on Tin specialist metallurgists having spent over 30 y ears as a metallurgist on tin projects in South Ame rica, including 8 years with Minsur where he was production and metallurgical accounting. Mr Dun has been engaged to review and optimise the process envisaged in the Bisie Tin Project processing plant.
Following the appointment of DRA been appointed to the project team. Mr.
this experience has been in large underground mines employing a wide range of m mechanisation. A substantial amount methods, particularly sub level caving (11 years). This experience has extended to depths of 2,500 m a t Target and South Deep mines.
responsible for the ore reserves generation in 1996 and 1997 under the JORC code. He has spent the la st fourteen years from 1999 as a mining consultant for RHDHV (formerly Turgis Consulting mechanisation and deep level massive mining.
Infrastructure developments
The Company is pleased to announce the completion of Project site to the nearest National of F2016 the Company will contract heavy machinery t o allow compacting the road prism and storm water control along the road
Following road upgrade works on the Goma Walikale ro ad trucks can now reach Walikale from South Africa in 21 days. Management are of the view that these improvements to the regional infrastructure represe nt a significant de Alpham in will support the North Kivu Government’s program rehabilitating this road further.
Non-brokered Private placement
The Company intends to proceed with a non proceeds of up to US$8,500,000 (the per share . The Company anticipates that insiders of Financing. Net proceeds from the Financing will be infrastructural improvements and preliminary mine construction work on the Co for working capital and general corporate purposes.
anagement and community development partner with re sponsible mining companies. Richard has prior experience in manufacturing, public -private partnerships for persons with disabilities in North America and the developing world, and has taught and directed i n MBA programs in both the United States and South was born in the DRC, is a permanent resident and he and his family are currently living in e, 2016 Alphamin engaged Mr. Ian Dun on a 6-month contract. Mr Dun is among the world’s leading Tin specialist metallurgists having spent over 30 y ears as a metallurgist on tin projects in South Ame rica, including 8 years with Minsur where he was Director of Processing Development, with full responsibility for production and metallurgical accounting. Mr Dun has been engaged to review and optimise the envisaged in the Bisie Tin Project processing plant.
Following the appointment of DRA Projects as the Company’s preferred EPCM contractor, Mr Tony Cox has been appointed to the project team. Mr. Cox has 50 years of experience in the mining industry. The bulk of this experience has been in large underground mines employing a wide range of m ining methods suited to substantial amount of this experience has been in large open stoping a nd caving methods, particularly sub level caving (11 years). This experience has extended to depths of 2,500 m a t As General Manager Strategic Planning, Ashanti Gold fields he was responsible for the ore reserves generation in 1996 and 1997 under the JORC code. He has spent the la st fourteen years from 1999 as a mining consultant for RHDHV (formerly Turgis Consulting mechanisation and deep level massive mining.
The Company is pleased to announce the completion of clearing of the 32km access track from the Bisie ational Road (N3) that runs between Kisangani and Bukavu. In the second half of F2016 the Company will contract heavy machinery t o allow compacting the road surface road prism and storm water control along the road .
Following road upgrade works on the Goma Walikale ro ad by the DRC roads authority, with ABM support, trucks can now reach Walikale from South Africa in 21 days. Management are of the view that these improvements to the regional infrastructure represe nt a significant de -risking of the Bisie Tin Project. in will support the North Kivu Government’s program rehabilitating this road further. brokered Private placement intends to proceed with a non -brokered private placement of common shares,500,000 (the “Financing”). The common shares will be offered at a. The Company anticipates that insiders of Alphamin may subscribe for up to 100% of the Financing. Net proceeds from the Financing will be used for the early project works and preliminary mine construction work on the Co mpany’s Bisie Tin corporate purposes.
anagement and community development partner with re sponsible mining companies. Richard has prior disabilities in North America and the developing world, and has taught and directed i n MBA programs in both the United States and South his family are currently living in contract. Mr Dun is among the world’s leading Tin specialist metallurgists having spent over 30 y ears as a metallurgist on tin projects in South Ame rica, with full responsibility for production and metallurgical accounting. Mr Dun has been engaged to review and optimise the tin recovery, Mr Tony Cox has Cox has 50 years of experience in the mining industry. The bulk of ining methods suited to of this experience has been in large open stoping a nd caving methods, particularly sub level caving (11 years). This experience has extended to depths of 2,500 m a t As General Manager Strategic Planning, Ashanti Gold fields he was responsible for the ore reserves generation in 1996 and 1997 under the JORC code. He has spent the la st fourteen years from 1999 as a mining consultant for RHDHV (formerly Turgis Consulting ) in the field of 32km access track from the Bisie ween Kisangani and Bukavu. In the second half surface , shaping of the by the DRC roads authority, with ABM support, trucks can now reach Walikale from South Africa in 21 days. Management are of the view that these risking of the Bisie Tin Project.
of common shares to raise gross price of C$0.30 Alphamin may subscribe for up to 100% of the early project works and continued Bisie Tin project and
ON BEHALF OF THE BOARD OF DIRECTORS
Boris Kamstra
Chief Executive Officer
Tel: +230 269 4166
Grand Baie, Mauritius
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
ON BEHALF OF THE BOARD OF DIRECTORS
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.