(Kitco News) - Alphamin Resources (TSXV: AFM), a producer of 4% of the world's mined tin from its high-grade operation in the Democratic Republic of Congo, today announced an updated Mpama South mineral resource estimate.
According to the company's statement, Mpama South updated inferred resource up 46% to 4.99Mt based on assays from 22 additional extensional drillholes.
Mpama South mineral resource now stands at 0.84Mt @ 2.53% Sn for 21.4kt contained tin in the indicated category; and 4.99Mt @ 2.50% Sn for 124.7kt contained tin in the inferred category.
The company said that there is a significant additional resource growth potential at Mpama South, adding that Mpama South in-fill drilling on track for completion by July 2022, with extension drilling recommencing in June 2022.
"Mpama South early development works in progress – project completion expected to increase Alphamin's annual contained tin production from the current 12,000tpa to ~20,000tpa, approximating 6.6% of the world's mined tin," the company said in a statement.
Alphamin noted that its Mpama North mine is the world's highest grade tin mine, currently producing mined material (run of mine) at an average grade of around 4.5% tin.
The company said it is aiming to increase annual tin output and life of mine through incremental production from Mpama South and by adding more mines in close proximity to the current production and from within its licensed footprint.
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