SMART INVESTMENT IN DRC TO MEET GROWING DEMAND FOR WORLD-CLASS TIN
BORIS KAMSTRA CHIEF EXECUTIVE OFFICER
ALPHAMIN RESOURCE CORP.JUNIOR INDABA CONFERENCE 2016
DISCLAIMER
The statements made in this presentation which are not historical facts contain certain forward-looking statementsconcerning potential developments affecting the business, prospects, financial condition and other aspects of theCompany to which this presentation pertains. The actual results of the specific items described in this presentation, andthe Company’s operations 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 thispresentation, significant deviations in magnitude, timing and other factors may result from business risks anduncertainties including, without limitation, the Company’s dependence on third parties, general market and economicconditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which arebeyond the control of the Company. The Company does not warrant the accuracy, currency or completeness of theinformation with respect to forward-looking statements contained in this presentation, nor the future performance of theCompany.
Such risks and uncertainties are described in periodic filings made by Alphamin Resources Corp. with Canadiansecurities regulators and authorities. The Company disclaims any obligation to update information contained in anyforward-looking statement.
This presentation contains only a brief overview of Alphamin Resources Corp. and its activities and operations. Thecontents of this presentation (including matters relating to the geology of Alphamin’s projects), may rely on variousassumptions and subjective interpretations which is not possible to detail in this presentation and which may not havebeen subject to any independent verification. To the maximum extent permitted by law, the Company and its officers,employees and advisers are not liable for any loss or damage (including, without limitation, any direct, indirect orconsequential loss or damage) suffered by any person directly or indirectly as a result of relying on this presentation orotherwise in connection with it.
This presentation is not intended to be an offer for subscription, invitation, solicitation or recommendation with respectto securities in the Company in any jurisdiction including the United States. No securities in the Company have beennor will be registered under the U.S. Securities Act of 1933 as amended. This presentation does not constitute anadvertisement for an offer or proposed offer of securities under U.S. law or any other law and is for general informationpurposes only.
The mineral resource estimates referenced in this presentation are estimates only and no assurance can be given thatany proven or probable reserves will be discovered or that any particular level of recovery of minerals will in fact berealized or that an identified reserve or resource will ever qualify as a commercially mineable (or viable) deposit whichcan be legally and economically exploited. Mineral resources that are not mineral reserves do not have demonstratedeconomic viability. In addition, the grade of mineralisation which may ultimately be mined may differ from that indicatedby drilling results and such differences could be material. Production can be affected by such factors as permittingregulations and requirements, weather, environmental factors, unforeseen technical difficulties, unusual or unexpectedgeological formations and work interruptions. Discussions of our mineral resource estimates should not be interpretedas assurances of commercial viability or potential or of the profitability of any future operations.Qualified Persons
The following “Qualified Persons” as defined in National Instrument 43-101 (NI 43-101) Standards of Disclosure of
Mineral Project have reviewed and approved the relevant scientific and technical information contained in thisCorporate Presentation and and consented to it being filed with any stock exchange and other regulatory authority
¡ Mr. J.C. Witley (BSc Hons, MSc (Eng)) is a Principal Mineral Resource Consultant for The MSA Group, anindependent geological consulting company to Alphamin and has reviewed and approved the scientific andtechnical information contained in Slides 7 – 10 of this Presentation.
¡ Mr. Andrew Pooley (B.Eng. (Hons) (Eng.)) is the Managing Director of Bara Consulting, an independent minedesign consulting company to Alphamin and has reviewed and approved the scientific and technical informationcontained in slide 11 (lhs) of this Presentation.
¡ Mr. Roger Gordon Leighton (MSc (Eng), FSAIMM) is a Lead Process Engineer of MDM Technical Africa (Pty)Ltd,, an independent company to Alphamin and has reviewed and approved the scientific and technicalinformation contained in slide 11 (rhs)of this Presentation
TODAY’S AGENDA
A new tin producer
Project metrics Tin market Project history DFS inputs &
outputs
The beginning
of a tin producing province
GLOBAL TIN PROJECTS
0
100 000
200 000
300 000
400 000
500 000
0,0
1,0
2,0
3,0
4,0
5,0
Grade Contained tin
4.49%
Grad
e %Sn
Reso
urce
Con
taine
d Tin
tonne
s
BISIE PROJECT
Regional location Bisie project area
Dar es Salaam
Mombasa
GomaMpama North
drill pads
Mpama South drill pads
Exploration camp
Manoire village
Process plant
Underground mine
Construction camp
Access road
1km
TRANSITION FROM EXPLORER TO TIN MINER
Corporate overviewChairman Charles Needham is the Chairman of the Board and has been involved in the DRC mining
industry for 10 years. Charles is also the Chairman of Ruashi Mining and Kinsenda Copper Company
Chief Executive Officer Boris has been involved in the DRC mining industry for 12 years and has extensive
experience in establishing diamond operations in remote locations
Chief Financial Officer
Eoin O’Driscoll has been involved in the DRC mining industry for 6 years with extensive experience in the gold mining sector
Chief Operating Officer Trevor Faber has been involved in the DRC mining industry for 10 years and has
experience in establishing 2 major copper mines in Katanga
Strategic Growth Officer
Mark Gasson has been involved in the DRC mining industry for 12 years. He has held senior positions with a number of Australian, Canadian and international mining companies operating in Africa where he was responsible for the discovery 1Mt of copper in DRC, >200kt tin in DRC, and >2Moz of gold in Tanzania and DRC.
Managing Director ABM
Richard Robinson has has senior level experience with a particular focus on managing political and social risk as an executive and adviser in DRC mining projects, with the U.S. Agency for International Development for the last 13 years. Richard has a Doctorate of Education in which he studied successful entrepreneurship in central and southern Africa. Richard was born in the DRC and is a permanent resident living full-time in North Kivu
Major Shareholders
Tremont Master Holdings 43%
Malaysia Smelting Corporation 5%
Industrial Development Corporation (15% Shareholder in ABM –project company)
Shareholders who need Sn
Malaysia Smelting Corporation
Traxys
Capital Structure
Shares in issue 380million
Share price 18c CAD
Market capitalisation US$53 million
Strategic Partners
Government of DRC
Malaysia Smelting Corporation
Industrial Development Corporation
Board and management team
BISIE PROJECT GEOLOGY
Mpama North
High grade intersects shown, which are not representative of the deposit as a whole.
Mineralisation focused within a high grade chute which
plunges at 40 degrees to the north
At Mpama North tin mineralisation has been
delineated through drilling down to 550m below surface
and down plunge to 720m
High grade mineralisation within two chutes which
appear to coalesce at depth
The Main Vein zone generally occurs over thicknesses of between 2m & 22m with an
average thickness of approximately 9m
High grade chute is open down plunge
Best intersections to date from deep drilling• 16.01m @ 22.5% Sn from 387.45m • 12.5m @ 10.93% Sn from 336.7m• 13.6m @ 7.59% Sn from 534.4m
Highest grade intersections at depth
Long section showing chute geometry, high grade intercepts and mineralisation open at depth
ALPHAMIN’S MINERAL RESOURCE BASE
Within Mining Permit PE13155
• Mpama South – positive drill results to date
• Mpama North Deeps – ore body is open at depth with improving grades
PR10346
• Soil geochemical anomalies –exploration underway
Classification Tonnes(millions)
Sn %
Sn tonnes(thousands)
Measured 0.46 4.31 19.6
Indicated 4.14 4.55 188.4
Inferred 0.54 4.25 22.8
Mpama North Mineral Resource @0.5% Cut-off Grade
Exploration – Mineral Resource Growth Potential
BISIE PROJECT UPSIDEBLUE SKY
Mpama Deeps Mpama South Regional targets§ Well developed tin and
copper in soil anomalies along 15km of the Bisie Ridge
§ Tin mineralization strongly associated with copper, arsenic, lead, zinc and silver
§ Significant Sn/Cu/Pb/Zn/As soil anomalies defined over 15km of Bisie Ridge
§ Cassiterite (SnO2) identified in pitting on adjacent PR 10346
§ Tin potentially hosted within same geological setting as Mpama North
§ Limited drilling at Mpama South§ Significant grades include: § 32m @ 2.46% Sn from 192.2m § 6.7m @ 2.34% Sn from 146m§ Mineralisation hosted in same chlorite schist as at MN§ Mineralisation potentially within a similar high grade plunging chute
§ High grade chute continues & open down plunge§ Best intersections at depth on northern drill line§ Significant grades include:
§ 16.01m @ 22.5% Sn from 387.45m § 12.5m @ 10.93% Sn from 336.7m§ 13.6m @ 7.59% Sn from 534.4m
§ Grades improving with depth
BISIE PROJECT FEASIBILITY STUDY MINING AND PROCESS METHODS
Mining by sublevel caving methods Process flow sheet follows standard gravity separation methods
Succefully piloted using full-scale equipment.
BISIE PROJECT FEASIBILITY STUDY RESULTS
¡ Probable Mineral Reserves 3.04Mt @ 3.76%SnAs part of the Indicated Mineral resources
¡ Tin output per annum 9,000t
¡ Life of mine 10 years
¡ Capital investment US$119.3 million
¡ Tin price used for study US$14,800/t Sn
¡ NPV @ 15% discount rate US$84.7 million
¡ IRR 36.4%
¡ All-in cost of production US$8,448/t Sn
Economic Sensitivities
0
20
40
60
80
100
120
140
160
180
-20% -10% Base case 10% 20%Pr
ojec
t NPV
at 15
% d
iscou
nt ($
milli
on)
Revenue Operating costs Capital costs
Key Economic Performance Indicators @$14,800/tSn
THE ELEPHANT(S) IN THE ROOM
Binary risk with no redemption • Loss of life• Exploration risk• Loss of tenure
Redeemable risk• Perceptions• Cash flow disruption or cost• Production or logistics challenges
Managing and mitigating two distinct kinds of risks
Smart investment based on sound risk assessment
A BRIGHT FUTURE AWAITS
• Develop Mpama North 2017 to 2018
• Operate mine and plant at output of 9,000t Sn per annum from 2019 to 2027
Phase 1
• Develop Mpama South 2025 to 2026
Phase 2
• Develop Mpama Deeps 2028 to 2031
Phase 3
• All future expansions are expected to be self funded
SOCIAL LICENSE TO OPERATE
WHAT ARE THE NEXT STEPS ON OUR JOURNEY?
Roll out of community development projects• Process of
surveying 1400 families in Extended Bisie range
On-going exploration on
PR's
Constructing light vehicle access road • Labour intensive
process • Forms the
foundation for final road
Start mine infrastructure • Return airway
drive
Appoint EPCM • Detailed
design
Capital raise to begin
construction commence in all earnest in
2017
BUILDING THE ROAD TO PROSPERITY
ALPHAMINA NEW TIN PRODUCER WITH A FRESH APPROACH
Alphamin is a pioneering tin exploration and mining
business with the vision to be respected in the international tin mining sector, unleashing the full profit and potential of its world-
class tin asset in North Kivu, DRC
Alphamin is committed to contributing to the stability and economic activity in North Kivu, bringing significant benefit to the
community and other stakeholders alike
Alphamin will be a new viable and scalable tin producer offering
long-term supply
The Bisie operation will supply conflict-free tin from eastern
Democratic Republic of Congo
The Alphamin operation will be the manifestation of what conflict mineral legislation aimed to
achieve
Alphamin has the expertise, resolve and determination to
overcome the challenges on the way to delivering a lucrative tin mining operation in North Kivu
READY TO DELIVER AMBITIOUS AIMS
Be at steady state
production in 2018
Majority of staff DRC nationals
Producing ~9kt ton Sn in +60% con
Increasing local
businesses supporting
mine
EXPERTISE TO OVERCOME CHALLENGES AND UNLOCK POTENTIAL
THE RESOLVE TO SUCCEED
FROM HERE ON OUT THINGS ONLY GET BETTER
ANY QUESTIONS?