an emerging market tin explorer - mine africa

An Emerging Market Tin Explorer

AFM TSX.V 1

November 2012


AFM TSX.V

DISCLAIMER The statements made in this presenta7on which are not historical facts contain certain forward-‐looking statements concerning poten7al

developments affec7ng the business, prospects, financial condi7on and other aspects of the company to which this presenta7on

pertains. The actual results of the specific items described in this presenta7on, and the company’s opera7ons 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 presenta7on, significant devia7ons in magnitude, 7ming and other factors may result

from business risks and uncertain7es including, without limita7on, the company’s dependence on third par7es, general market and

economic condi7ons, 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 uncertain7es are described in periodic filings made by Alphamin Resources Corp with United States and Canadian

Securi7es regulators and authori7es. The company disclaims any obliga7on to update informa7on contained in any forward-‐looking

statement

2 www.alphaminresources.com


AFM TSX.V

Growth Strategies Ø  Primary focus is to realize the flagship Bisie Tin Project located in

the Democra7c Republic of Congo.

Ø  Define Bisie as a world class high grade 7n resource with a poten7al to contain 11% of current world total available 7n resource.

Ø  Become one of the largest 7n producers in the world market.



AFM TSX.V

CAPITAL STRUCTURE

Pink Cassiterite

1) Toronto Venture Exchange: TSX-‐V AFM.V, 6AJ.BE (Berlin), 6AJ.F (Frankfurt) 2) Share price (Nov. 13, 2012) $0.34 3) 52 week high / low: $0.76 / $0.32 4) Market Cap: $33,200,000 5) Share outstanding: 103.4m 6) OpJons outstanding: 4.15m 7) Warrants outstanding: 5.1m 8) Cash: $400,000 -‐ Currency is Canadian Dollars



AFM TSX.V

MANAGEMENT TEAM Cosme M. Beccar Varela President, AFA Chief Execu7ve Officer, Director Mr Beccar Varela is a lawyer with extensive experience advising companies such as ABB, Alstom Power, Vetco Gray Oil & Gas. Mr Varela commenced his mining prac7ce as representa7ve of Placer Dome in Argen7na in the late 80ʹ′s. In this capacity he par7cipated in the “Bajo del Durazno” and “Cerro Atajo” projects in the province of Catamarca. He joined the Board of Directors of Alphamin Resources in 1997.

5

Mark Gasson Non Execu7ve Director, Technical Services Division Mr Gasson is a qualified geologist based in Switzerland and has held senior posi7ons with a number of Australian and interna7onal mining companies opera7ng in Africa. Currently he serves as the Managing Director of Erongo Energy Limited and was previously the Explora7on Manager-‐East Africa for Gallery Gold Limited and the Execu7ve Director of Explora7on for Tiger Resources Limited.

Juan Carlos Del Rio Non Execu7ve Director 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 from a USD 900 Mio IPO to its double cross-‐border M&A USD 20 Bio. While at UBS AG became responsible for Spain and Portugal and directed both countries’ Wealth Management business in the USA.

Ross Doyle Chief Financial Officer Ross Doyle qualified as a Chartered Accountant in 1995. Mr Doyle has had several senior roles including 9 years commodi7es experience at Glencore. Mr Doyle’s extensive commodity, technology and corporate financing experience make him par7cularly qualified to serve as an Alphamin Resources officer.

www.alphaminresources.com


AFM TSX.V

DEMOCRATIC REPUBLIC OF CONGO REASONS TO INVEST

Ø  Increased poli7cal stability

Ø Democra7c elec7ons witnessed – President Joseph Kabila reelected in 2011

Ø New mining code introduced in 2002

Ø Smart money is inves7ng in DRC mining sector. Copper/cobalt ( Freeport McMoran, Katanga Mining, Anvil Mining, ENRC, Metorex ) Gold ( Randgold Resources, Anglogold Ashan7, Banro )

Ø China inves7ng in infrastructure for rail, roads and power to develop sustainable produc7on

Ø Interna7onal Tin Research Industry (ITRI) par7cipa7on in DRC tagging and control of conflict 7n



AFM TSX.V

TIN FACTS Ø  Main uses: Solder (54%), Tinplate (16%), Chemicals (14%)

Ø 15 iPads/Tablets contain as much 7n solder as the average car. Global tablet shipments are expected to reach 117.1 million units in 2012, represen7ng on-‐year growth of 60% (IDC)

Ø Smart phones contain 1.5% 7n by weight. Global smartphone shipments will top 630 million units in 2012, represen7ng on-‐year growth of 35% (IDC) Ø Increasing market demand: long-‐life baqeries, stainless steel, fuel catalysts , non lead circuit boards Ø Demand is expected to increase from 300,000 tons pa to 366,000 tons pa, witnessing a 66,000 ton shorrall pa

Cassiterite crystal

Tin ore from Bisie 7 www.alphaminresources.com


TIN USES Solder (54 %) Tinplate (16%) Chemicals (14%) Brass and Bronze (6%) Float Glass (2%) Others (8%)



AFM TSX.V

TIN – REASONS TO BE BULLISH Ø “ We believe that the LME price will recover and con7nue to forecast that it will move back above US$25,000 / t next year.”

BNP Paribas 27 July 2012

Ø  Global demand for 7n to reach an all 7me high of 366,000 tons per annum.

Ø  Demand is expected to exceed supply by 66,000 tons and expected to rise 3-‐4% in 2013.

Ø  No major global 7n discoveries in 30 years.

Ø  Few new sustainable projects in development

Ø  Tin prices con7nue to trend upwards

DRILLING TARGET



MAIN TIN PRODUCERS

China (46%)

Indonesia (16%)

Malaysia (12%)

Peru (9%)

Thailand (7%)

Rest of the World (11%)



AFM TSX.V

BISIE – ALPHAMIN‘S STRATEGY Ø  Targe7ng 500,000 t Tin metal

Ø Poten7al to be the largest undeveloped hard rock 7n project in the world

Ø Projected to contain 11% of current world total available 7n resource

Ø Secondary and ter7ary metals contained are silver (Ag) (up to 447 g/t), lead (Pb) (up to >20%, limit of analysis), zinc (Zn) (up to >30%, limit of analysis), and Rare Earth Elements lanthanum (La) (up to 940 g/t) and cerium (Ce) (up to 1690 g/t)

Project area



AFM TSX.V

WORLD TIN RESOURCES



AFM TSX.V

LEADING TIN COMPETITORS

Company Country Resources (t) Grades Depth Accessories

Kasbah Resources (Australia) Morocco 135,000 0.8% 300 – 400 m

below surface -‐

Venture Minerals (Australia) Australia 82,000 0.2% Surface Tungsten,

Magne7te

Alphamin (Canada) DRC 500,000 (projected) 1 -‐ 2% Surface

Copper Zinc, Lead Silver, REE



AFM TSX.V

BISIE PROJECT LOCATION Ø  5 Permits covering 1,470 square kilometers

Ø  MPC has full legal 7tle

Ø  Tenements 100% owned by MPC

Ø  AFM recently acquired 100% of MPC

Ø  Force majeure lived on PR5266 which contains Bisie 7n prospect

Ø  Primary target within 55km of district centre of Walikale

www.alphaminresources.com 14


AFM TSX.V

TARGETS AREAS


Bisie structure (9km)

Bisie Workings

Umate alluvial workings (7kms)

New Target Area


AFM TSX.V

BISIE TIN PROSPECT Ø  Tin first discovered in 2004

Ø  High grade 7n mineralisa7on mined by ar7sanal miners in two areas

Ø  Workings cover 1.5km of a ridge which transgresses PR 5266 for more than 9km

Ø  Unique style of mineralisa7on which includes high grade 7n, silver, copper, zinc, lead and rare earth elements

Ø  Targe7ng >500,000 tonnes of 7n metal

Bisie mineralisation



AFM TSX.V

COMPANY HIGHLIGHTS – BISIE PROJECT Ø  Significant drilling results from most advanced Bisie Tin Project:

Ø  25.85m @ 2.26% Tin including 5.8m @ 8.55% Ø  12m @ 3.15% Tin & 3m @ 6.14% Tin Ø  19m @ 197g/t Silver Ø  17.7m @ 14.11% Zinc incl. 13m @ 18.08% Ø  14.75m @ 10.82% Lead Ø  9.4m @ 1.01% Copper including 3.5m @ 2.15%

Ø  Mineralisa7on in 2 discrete zones -‐ upper Silver/Lead/Zinc & deeper Tin/Copper zones

Ø  Mineralisa7on open in all direc7ons

Pink Cassiterite 17 www.alphaminresources.com


AFM TSX.V

Ø Results reported for 2 diamond holes at Gecomines and 2 at Golgotha (drilling started in July 2012)

Ø  Best intersec7ons :

Ø BGC001 reported 12m @ 3.15% Sn from 53 m, 3m @ 6.14% Sn from 80m and 10m @ 0.19% Cu from 53m.

Ø BGC002 drilled 100m to the north reported 25.85m @ 2.26% Sn from 47.65m including 5.8m @ 8.55% Sn and 9.4m @ 1.01% Cu from 67m including 3.5m @ 2.15% Cu.

Ø Drillhole BGH001 reported 27.1m @ 0.88% Sn; 4.75m @ 1.22% Sn; 19m @ 197 g/t Ag from 61m; 17.7m @ 14.11% Zn from 61m; 14.75m @ 10.82% Pb; 7.85m @ 0.54% Cu and 10.1m @ 1042 g/t Ce (REE)

Ø  BGH002 was stopped short of the main zone of mineralisa7on and reported 3m @ 0.69% Sn from 90m and 3m @ 2.00% Zn from 85m.

Ø Results awaited for 4 addi7onal holes currently in the laboratory

DRILLING RESULTS-‐ BISIE



AFM TSX.V

BISIE GEOCHEMISTRY Ø Soil samples collected over 4km of the ridge which hosts the Bisie deposit

Ø Coherent lead anomaly (least mobile) defined over 4km

Ø Ongoing soil sampling programme will ensure complete coverage over 8km of the Bisie ridge



AFM TSX.V

WAY FORWARD – PROJECT TIMELINE

20

Resource definition

500k tin target


AFM TSX.V

Contact Us ZUG OFFICE: +41 41 711 02 81

Mark Gasson, Director: [email protected]

+41 798 824 602

Ross Doyle, CFO / Investor Rela7ons: [email protected]

+ 41 76 515 17 74

Email: [email protected]



Addi7onal Informa7on



AFM TSX.V

WAY FORWARD



AFM TSX.V

BISIE MINERALISATION


Tin Zone - Gecomines Zinc Zone - Golgotha

Ø  Tin mineralisa7on within a 20-‐30m wide chlorite rich zone Ø  Strong associa7on of chalcopyrite (Copper)

Ø  Two zones intersected at Golgotha:

•  zinc/lead/silver zone •  Jn zone with increased quartz veining


AFM TSX.V

EXCEPTIONAL GRADES – HISTORIC WORKINGS Ø  Ar7sanals mined 7n from a number of discrete 7n-‐rich units which coalesce at depth to form the high grade plunging “Salon” chute

Ø  “Salon” chute was 15-‐20m wide, 8m thick and con7nued below 80m below surface (mining stopped)

Ø  Reported grades (GET Laboratories -‐ Prague) were typically 50% SnO2 (7n oxide) in veins & 80-‐95% SnO2 in the “Salon” chute

Ø  REE content up to 0.5% (rhapdophane – hydrated REE phosphate)

DRILLING TARGET

25


AFM TSX.V

ADDITIONAL TARGETS: UMATE GOLD

Ø  Located on PR 5267 (currently under force majeure)

Ø  Exploitation of alluvial and primary resources during 1950 – 1960s

Ø  Two main areas of exploitation - Makua and Nyamakondjo basins

Ø  In the Nyamakondjo basin large quartz veins were exploited, along with the alluvial material

Ø  Good potential for discovery of primary gold resources


Makua

Nyamakondjo


AFM TSX.V

MANONO PROJECT Ø  2 Permits covering 242 square kilometers in Katanga Province

Ø  Tenements 100% owned by Alphamin (AFM) through its DRC subsidiary

Ø  Tenements surround the historic Manono mine (180,000 tonnes of 7n were produced)

Ø  Other minerals include lithium and colombo-‐tantalite

Ø  Landsat interpreta7on and stream sediment sampling programs will commence during the year



AFM TSX.V

Contact Us ZUG OFFICE: +41 41 711 02 81

Mark Gasson, Director: [email protected]

+41 798 824 602

Ross Doyle, CFO / Investor Rela7ons: [email protected]

+ 41 76 515 17 74

Email: [email protected]


an emerging market tin explorer - mine africa

Documents