Try our mobile app

Alphamin announces a 46% increase in the Mpama South inferred mineral resource estimate

Published: 2022-06-03 11:00:00 ET
<<<  go to JSE:APH company page
Alphamin Resources Corporation (JSE:APH) News - Alphamin announces a 46% increase in the Mpama South inferred mineral resource estimate

Alphamin Resources Corp.
Continued in the Republic of Mauritius
Date of incorporation: 12 August 1981
Corporation number: C125884 C1/GBL
TSX-V share code: AFM
JSE share code: APH
ISIN: MU0456S00006

ALPHAMIN ANNOUNCES A 46% INCREASE IN THE MPAMA SOUTH INFERRED MINERAL
                         RESOURCE ESTIMATE

3 June 2022 – Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX, “Alphamin” or the
“Company”), a producer of 4% of the world’s mined tin1 from its high-grade operation in the
Democratic Republic of Congo, is pleased to announce an updated Mpama South Mineral
Resource estimate.


HIGHLIGHTS

       - 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
       - Significant additional resource growth potential at Mpama South
       - Mpama South in-fill drilling on track for completion by July 2022, extension drilling
         recommences 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 tin1

Mpama South Updated Mineral Resource Estimate
The updated Mineral Resource for Mpama South follows two months after the previous update
announced on 29 March 2022 and three months after the Maiden Mineral Resource announced
7th March 2022. The update is based on further receipt of assays for another 22 extensional
drillholes completed subsequent to the previous estimate which was based on 102 drillholes. The
updated Mineral Resource is presented in Figure 1.

Following the receipt of assays for the additional 22 drillholes, an updated Mineral Resource
Estimate (MRE) for the Mpama South project was completed. The MRE now includes results from

1  Based on data obtained from International Tin Association Tin Industry Review Update 2021
   124 drillholes as well as 6 drillholes in the Wedge area from the earlier drilling to 2015. The MRE
   was estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Best
   Practice Guidelines (2019) and is reported in accordance with the 2014 CIM Definition Standards.

The Mineral Resource is classified into the Indicated and Inferred categories and is reported at a
base case tin grade of 1.0%, which satisfies reasonable prospects for economic extraction.
Mpama South Inferred Resources increased by 46% to 4.99Mt. The Mineral Resource Statement
with an effective date of 31 May 2022 is presented in Table 1:-

Table 1: Updated Mpama South Mineral Resources effective date 31 May 2022
                                                                                 
    Classification             Tonnes (millions)                Sn %                     Sn Tonnes
                                                                                        (thousands)
    Indicated2                      0.84                        2.53                        21.4
    Inferred3                       4.99                        2.50                       124.7

2 CIM Definition: An Indicated Mineral Resource is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and
  physical characteristics are estimated with sufficient confidence to allow the application of Modifying Factors insufficient detail to support mine
  planning and evaluation of the economic viability of the deposit.
3 CIM Definition: An Inferred Mineral Resource is that part of a Mineral Resource for which quantity and grade or quality are estimated on the
  basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality
  continuity.

Mineral Resources that are not Mineral Reserves do not have a demonstrated economic viability
and require advanced studies and economic analysis to prove their viability for extraction.
The MRE for Mpama South does not include a substantial quantity of subsequent drilling
containing characteristic high grade visual cassiterite. Around 27 additional drillholes have been
drilled within and beyond the limits of the updated MRE presented in Figure 1. The majority of
these are part of an in-fill drilling campaign targeting conversion of Inferred Resources to Indicated
Resource confidence. The infill campaign commenced in March 2022 and will be completed by
July 2022. An updated MRE is expected to be announced in Q3 2022.

Extensional drilling down dip and in the shallower northern portion of Mpama South will re-
commence in June 2022 to carry on extending known mineralisation which is still open in multiple
directions. The Company targets releasing expanded Mpama South MRE updates throughout the
remainder of the drilling phases in 2022 as assays are received.

The MRE has been completed by Mr. J.C. Witley (BSc Hons, MSc (Eng.)) who is a geologist with
33 years’ experience in base and precious metals exploration and mining as well as Mineral
Resource evaluation and reporting. He is a Principal Resource Consultant for The MSA Group
(an independent consulting company), is registered with the South African Council for Natural
Scientific Professions (SACNASP) and is a Fellow of the Geological Society of South Africa
(GSSA). Mr. Witley has the appropriate relevant qualifications and experience to be considered
a “Qualified Person” for the style and type of mineralisation and activity being undertaken as
defined in National Instrument 43-101 Standards of Disclosure of Mineral Projects.

Early-Works Progress on the Development of Mpama South
Early works completed to date since the Company’s announcement of the development decision
on 29th March 2022 are as follows:

   •   EPCM contract awarded to Obsideo (who successfully executed the fine tin plant in 2021)
   •   Long lead time plant capital orders have been placed as well as steel structure orders
   •   Mpama South access road completed and site clearing commenced
   •   Bidding completed and under evaluation for bulk earthworks and civil contracts


Qualified Persons
Mr Jeremy Witley, Pr. Sci. Nat., B.Sc. (Hons.) Mining Geology, M.Sc. (Eng.), is a qualified person
(QP) as defined in National Instrument 43-101 and has reviewed and approved the scientific and
technical information contained in this news release. He is a Principal Mineral Resource
Consultant of The MSA Group (Pty.) Ltd., an independent technical consultant to the Company.

JSE Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
____________________________________________________________________________

FOR MORE INFORMATION, PLEASE CONTACT:
Maritz Smith
CEO
Alphamin Resources Corp.
Tel: +230 269 4166
E-mail: msmith@alphaminresources.com
____________________________________________________________________________

CAUTION REGARDING FORWARD LOOKING STATEMENTS
Information in this news release that is not a statement of historical fact constitutes forward-
looking information. Forward-looking statements contained herein include, without limitation,
statements relating to the anticipated future exploration and resource estimation activities and
outcomes and the timing thereof and expected increases in tin production from the development
of the Mpama South deposit. Forward-looking statements are based on assumptions
management believes to be reasonable at the time such statements are made. There can be no
assurance that such statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Although Alphamin has attempted to identify
important factors that could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results not to be as anticipated,
estimated or intended. Factors that may cause actual results to differ materially from expected
results described in forward-looking statements include, but are not limited to: uncertainty of future
exploration and assay results and consistency with past results and expectations; uncertainties
related to the technical and economic parameters applied in the Mpama South Preliminary
Economic Assessment regarding forecasted tin prices, the tin grade mined and processing
recoveries as well as operating costs; uncertainties inherent in estimates of Mineral Resources,
global geopolitical and economic uncertainties, volatility of metal prices, uncertainties with respect
to social, community and environmental impacts, uninterrupted access to required infrastructure,
adverse political events, impacts of the global Covid-19 pandemic as well as those risk factors
set out in the Company’s Management Discussion and Analysis and other disclosure documents
available under the Company’s profile at www.sedar.com. Forward-looking statements contained
herein are made as of the date of this news release and Alphamin disclaims any obligation to
update any forward-looking statements, whether as a result of new information, future events or
results or otherwise, except as required by applicable securities laws.


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.

Appendix 1: SAMPLE PREPARATION, ANALYSES AND QUALITY CONTROL AND QUALITY
ASSURANCE (QAQC)

For sample preparation, analyses and quality control and quality assurance, see the Company’s
news release dated 07 March 2022 entitled “ALPHAMIN ANNOUNCES MAIDEN MINERAL
RESOURCE ESTIMATE AND POSITIVE PRELIMINARY ECONOMIC ASSESSMENT FOR
MPAMA SOUTH”

Appendix 2: SIGNIFICANT INTERCEPTS (0.5% Sn lower threshold)
 Mpama South Drillholes prefixed “BGH”
 Mpama North Drillholes prefixed “MND”


           Easting    Northing                                                        Width               Sample Position
  Hole                            RLm    Azi (°)    Dip (°)   From      To    Sn %
             GPS         GPS                                                           (m)1      mid_x            mid_y      mid_z
BGH017      582535     9884822    732         55       -10   237.8   238.8    4.99     1.00    582,732        9,884,966      678.6
                                                             141.2   144.4    2.07     3.15    582,691        9,884,820      727.9
BGH018      582535     9884822    732         93         0
                                                             145.8   151.0    0.76     5.25    582,696        9,884,820      727.9
BGH019      582535     9884822    732         85        -5   147.0   152.0    2.05     5.00    582,696        9,884,837      715.8
                                                             160.6   164.4    1.45     3.80    582,704        9,884,846      689.3
BGH020      582535     9884822    732         84       -15
                                                             169.3   171.1    5.42     1.80    582,711        9,884,846      687.7
                                                             109.2   110.3    3.20     1.10    582,654        9,884,821      700.1
BGH021      582535     9884822    732         93       -15
                                                             164.6   167.3    3.29     2.72    582,708        9,884,818      687.6
                                                              75.0    80.5    3.99     5.53    582,633        9,884,784      729.3
BGH022      582554     9884785    732         90         0   109.0   110.0    1.35     1.00    582,664        9,884,785      729.9
                                                             119.2   122.1    2.22     2.88    582,676        9,884,785      730.1
                                                             171.4   174.3    1.72     2.89    582,710        9,884,859      683.7
BGH023      582535     9884822    732         75       -15
                                                             175.9   178.0    1.09     2.15    582,714        9,884,860      683.0
                                                             127.7   129.6    0.54     1.90    582,679        9,884,749      717.2
BGH024      582554     9884785    732        103        -5
                                                             138.0   142.0    1.13     4.05    582,690        9,884,746      716.2
                                                             212.3   213.4    0.60     1.15    582,724        9,884,919      662.3
                                                             218.0   221.5    2.29     3.45    582,731        9,884,921      660.7
BGH025      582535     9884822    732         55       -20
                                                             222.7   223.7   13.05     1.00    582,734        9,884,923      659.9
                                                             228.0   234.8    2.73     6.80    582,741        9,884,926      658.0
                                                             103.7   108.0    3.30     4.29    582,649        9,884,735      713.7
BGH026      582554     9884785    732        113        -10   134.8   136.5    3.72     1.65    582,676        9,884,722      708.6
                                                             161.0   162.5    5.61     1.50    582,699        9,884,711      704.5
                                                             110.0   111.4    7.24     1.40    582,655        9,884,753      692.2
                                                             141.9   152.5    4.85    10.60    582,686        9,884,745      680.0
BGH030      582554     9884785    732        115        -20
                                                             158.0   161.2    3.61     3.20    582,699        9,884,742      675.3
                                                             174.5   175.8   11.03     1.35    582,713        9,884,738      670.5
                                                             177.0   178.7    1.70     1.72    582,692        9,884,684      671.3
                                                             182.0   188.3    3.00     6.25    582,697        9,884,679      669.1
BGH032      582554     9884785    732        125        -20   190.3   193.0    0.95     2.75    582,702        9,884,676      667.2
                                                             194.4   202.0    1.37     7.60    582,707        9,884,672      665.3
                                                             203.5   208.0    2.67     4.50    582,713        9,884,668      663.2
                                                             174.8   178.0   11.99     3.20    582,689        9,884,696      653.3
                                                             195.7   200.0    1.21     4.30    582,706        9,884,686      644.8
                                                             202.4   206.7    1.86     4.28    582,711        9,884,683      642.3
BGH034      582554     9884785    732        115        -25
                                                             208.0   213.3    1.40     5.30    582,716        9,884,680      640.1
                                                             216.3   221.3    1.42     5.05    582,722        9,884,676      637.3
                                                             225.7   231.0    0.70     5.35    582,730        9,884,671      634.0
                                                             212.4   214.0    0.58     1.65    582,729        9,884,879      634.0
BGH027      582544     9884822    732         68       -27   226.0   229.3    1.32     3.30    582,741        9,884,883      628.4
                                                             235.5   236.6    1.54     1.13    582,749        9,884,885      625.2
                                                             125.0   126.0    1.72     1.00    582,676        9,884,772      700.9
                                                             136.1   137.2    1.85     1.08    582,687        9,884,770      698.4
BGH028      582554     9884785    732         90       -10
                                                             140.3   142.0    1.03     1.72    582,691        9,884,770      697.4
                                                             147.5   151.3    2.88     3.79    582,699        9,884,769      695.5
                                                             126.0   128.4    4.66     2.35    582,663        9,884,826      678.5
BGH029      582544     9884822    732         93       -25   178.9   184.1    1.25     5.15    582,713        9,884,827      657.7
                                                             193.7   196.1    3.95     2.35    582,726        9,884,827      653.0
                                                             208.0   211.5    0.99     3.53    582,729        9,884,876      639.9
BGH031      582544     9884822    732         75       -25
                                                             219.4   222.4    1.16     2.98    582,739        9,884,879      636.0
                                                             259.0   265.5    7.32     6.46    582,756        9,884,929      612.8
BGH033      582544     9884822    732         60       -27
                                                             268.5   270.5    1.02     1.99    582,762        9,884,931      610.0
                                                             152.0   165.0    2.96    13.00    582,686        9,884,816      665.0
BGH035      582554     9884785    732         90       -25   171.0   173.6    1.47     2.60    582,703        9,884,815      657.4
                                                             176.6   180.1    2.40     3.48    582,709        9,884,814      654.9
                                                             147.5   151.4    2.31     3.90    582,687        9,884,878      724.8
BGH036      582544   9884822      732         65         0   156.6          160.7     0.93    4.02   582,696   9,884,881   724.7
                                                             154.0          157.0     3.81    3.00   582,680   9,884,741   647.5
                                                             194.6          197.6     1.54    2.95   582,712   9,884,730   626.0
BGH037      582554   9884785      732        105       -30   208.0          211.2     1.29    3.23   582,723   9,884,726   619.3
                                                             216.3          220.2     2.79    3.90   582,730   9,884,723   615.1
                                                             222.4          226.7     1.77    4.30   582,735   9,884,721   612.1
                                                             151.7          154.6     5.22    2.90   582,677   9,884,851   654.3
BGH038      582544   9884822      732         75       -30   218.3          223.7     3.38    5.35   582,735   9,884,861   621.4
                                                             226.7          231.5     1.95    4.80   582,743   9,884,862   617.6
                                                             112.1          113.0     2.12    0.92   582,665   9,884,755   687.6
                                                             116.3          121.0     3.33    4.65   582,661   9,884,753   686.1
BGH039      582554   9884785      732        100       -22
                                                             145.0          166.0     2.20   21.00   582,696   9,884,744   674.2
                                                             174.5          176.0     0.95    1.50   582,713   9,884,739   668.9
                                                             232.0          233.0     0.95    1.00   582,725   9,884,922   618.2
BGH040      582544   9884822      732         60       -30
                                                             273.7          277.1     3.79    3.35   582,761   9,884,937   600.0
BGH041      582500   9884847      732         55       -25   340.0          344.5     3.03    4.50   582,807   9,885,002   599.5
                                                             277.4          280.0     1.93    2.65   582,751   9,884,922   569.4
BGH042      582544   9884822      732         60       -35   308.5          312.0     0.62    3.50   582,776   9,884,932   552.6
                                                             313.0          315.6     1.52    2.55   582,779   9,884,933   550.5
                                                             102.5          104.2     2.69    1.65   582,644   9,884,808   709.0
BGH043      582544   9884822      732        100       -10   123.0          124.0     1.06    1.00   582,663   9,884,805   704.8
                                                             163.6          167.0     2.82    3.36   582,704   9,884,798   696.7
BGH044      582500   9884847      710         70       -35   330.0          334.1     1.31    4.13   582,764   9,884,941   533.4
                                                             120.7          121.8    31.55    1.10   582,656   9,884,806   687.4
BGH045      582544   9884822      732        100       -20   156.0          159.4     0.56    3.40   582,689   9,884,799   674.7
                                                             176.7          183.6     3.24    6.92   582,708   9,884,795   668.1
                                                             195.2          206.0     2.85   10.82   582,712   9,884,795   630.5
                                                             212.5          215.2     1.90    2.65   582,723   9,884,793   623.7
BGH046      582544   9884822      732        100       -30
                                                             218.0          220.6     7.16    2.60   582,728   9,884,792   620.8
                                                             225.0          226.0     4.36    1.00   582,733   9,884,791   617.7
                                                             121.6          124.6     0.91    2.99   582,653   9,884,879   739.2
BGH047      582565   9884535      718         60         0
                                                              147.1          148.1     1.28    1.00   582,675   9,884,889   741.1
                                                              140.8          143.1     0.90    2.30   582,708   9,884,496   727.7
BGH048      582567   9884509      727         90         0
                                                              146.5          148.0     0.74    1.47   582,713   9,884,495   728.0
BGH049      582565   9884535      718         65       -15    145.4          147.4     4.27    2.00   582,689   9,884,599   674.5
BGH050      582567   9884509      727        105        -5    160.0          161.4     1.06    1.38   582,722   9,884,469   711.7
                                                              134.8          137.0     2.23    2.20   582,662   9,884,630   712.3
                                                              151.0          156.3     1.20    5.30   582,675   9,884,642   711.4
BGH051      582565   9884535      718         40         0
                                                              164.2          169.5     3.95    5.27   582,685   9,884,651   710.8
                                                              171.3          172.6     4.08    1.30   582,688   9,884,655   710.6
BGH052      582567   9884509      727        120         0    205.9          207.1     1.86    1.20   582,732   9,884,385   722.9
                                                              173.7          176.9     9.58    3.20   582,685   9,884,653   669.2
                                                              178.6          181.4     4.07    2.88   582,688   9,884,656   667.9
                                                              192.4          196.9     3.28    4.45   582,698   9,884,666   664.0
BGH053      582565   9884535      718         40       -15
                                                              198.9          206.8     2.45    7.91   582,704   9,884,671   661.8
                                                              207.5          209.5     5.04    1.97   582,708   9,884,675   660.3
                                                              214.7          216.0     2.32    1.35   582,713   9,884,680   658.6
BGH054                                                        No significant intercepts
BGH055      582565   9884535      718         80       -15    145.0          146.0     0.62    1.00   582,705   9,884,549   682.7
BGH056                                                        No significant intercepts
BGH057                                                        No significant intercepts
BGH058      582565   9884510      727         95        -5     153.4          155.6     1.98    2.25   582,717   9,884,501   703.9
BGH059      582567   9884536      718         95         0     165.0          166.0     3.63    1.00   582,732   9,884,528   714.4
BGH060                                                        No significant intercepts
BGH061      582567   9884536      727        130       -10     157.6          159.2     1.22    1.62   582,719   9,884,525   677.7
BGH062      582567   9884537      718         95       -15     154.0          156.0     2.18    2.00   582,695   9,884,589   650.2
                                                               186.3          194.4     0.82    8.12   582,719   9,884,661   650.5
                                                               197.4          202.5     1.12    5.03   582,715   9,884,661   641.8
                                                               205.0          209.1     0.83    4.05   582,712   9,884,661   635.4
BGH063      582782   9884646      829        270       -70
                                                               211.1          218.9     2.06    7.77   582,709   9,884,661   628.3
                                                               220.4          222.6     0.86    2.15   582,706   9,884,661   622.5
                                                               231.0          233.0     0.87    2.00   582,701   9,884,661   613.0
BGH064      582888   9884976      839        270       -50     220.8          222.6     0.63    1.80   582,746   9,884,976   668.9
                                                               271.0          276.0     2.93    4.95   582,769   9,885,057   586.1
BGH065      582913   9885057      819        270       -60
                                                               291.6          292.6     1.70    1.00   582,759   9,885,057   570.9
                                                               276.0          278.6       8.49   2.59   582,754   9,884,965   596.1
BGH066      582888   9884976      839        270       -60
                                                               300.0          301.0       1.78   1.00   582,742   9,884,965   576.6
                                                               295.8          300.5       3.21   4.72   582,789   9,885,065   548.1
BGH067      582913   9885057      819        270       -67     303.0          304.6       1.56   1.62   582,786   9,885,065   543.1
                                                               337.0          338.0       0.55   1.00   582,769   9,885,068   514.3
                                                               247.0          248.2       2.10   1.20   582,749   9,885,051   633.1
BGH068      582913   9885057      819        270       -50
                                                               251.8          255.1       1.75   3.30   582,745   9,885,051   628.8
BGH069      582888   9884976      839        270       -70     321.8          324.7       3.84   2.93   582,779   9,884,962   534.7
BGH070      582913   9885057      819        270       -73     331.0          336.4       3.00   5.35   582,802   9,885,040   505.2
BGH071                                                         No significant intercepts
                                                               274.6          279.7       2.70   5.10   582,749   9,884,847   574.0
BGH072      582852   9884845      831        270       -67
                                                               290.4          294.8       3.61   4.40   582,742   9,884,847   560.0
BGH073      582731   9884691      838        280       -60     121.0          123.0       0.72   2.00   582,671   9,884,702   731.9
                                                               278.9          283.9       2.85   5.03   582,810   9,885,137   551.2
                                                               285.5          289.1       1.60   3.61   582,807   9,885,138   546.3
BGH074      582944   9885130      798        270       -67
                                                               294.5          297.3       7.14   2.79   582,802   9,885,139   539.1
                                                               299.7          303.3       0.53   3.69   582,799   9,885,139   534.5
                                                               115.4          116.7       6.76   1.25   582,690   9,884,690   729.4
                                                               119.5          120.8      15.22   1.30   582,688   9,884,690   725.7
BGH075      582731   9884691      838        270       -70
                                                               125.1          129.8       3.56   4.71   582,684   9,884,690   719.3
                                                               162.6          164.6       8.94   2.08   582,667   9,884,689   687.8
                                                               108.0          109.0       0.84   1.00   582,682   9,884,844   779.6
                                                               118.8          119.5       3.71   0.65   582,675   9,884,848   772.7
BGH076      582752   9884801      849        300       -40
                                                               128.2          131.0       2.82   2.85   582,668   9,884,852   765.8
                                                               136.7          137.0       0.97   0.30   582,663   9,884,855   761.0
                                                               316.8          321.2       2.57   4.36   582,830   9,885,130   501.7
                                                               323.0          328.4       2.56   5.36   582,827   9,885,130   495.8
BGH077      582944   9885130      798        270       -72     329.1          330.1       0.52   1.07   582,825   9,885,130   492.4
                                                               335.3          337.4       9.63   2.11   582,822   9,885,130   486.5
                                                               339.8          340.1       7.07   0.30   582,820   9,885,131   483.4
                                                               102.0          106.0       1.88   4.00   582,674   9,884,816   782.6
BGH078      582752   9884801      849        280       -40     108.0          109.0       0.62   1.00   582,671   9,884,817   779.7
                                                               115.0          117.2       0.80   2.15   582,665   9,884,818   774.8
                                                               290.2          294.4       1.00   4.25   582,765   9,884,842   552.6
                                                               296.3          302.3       9.46   6.00   582,763   9,884,841   546.1
                                                               304.8          305.7      18.75   0.89   582,761   9,884,841   540.5
                                                               312.0          313.0       1.08   1.00   582,758   9,884,841   533.8
BGH079      582852   9884845      831        270       -73
                                                               316.9          321.6       4.65   4.73   582,755   9,884,840   527.5
                                                               322.6          328.0       5.41   5.43   582,753   9,884,840   522.0
                                                               329.0          329.5       1.59   0.53   582,751   9,884,840   518.4
                                                               340.7          341.4       4.29   0.74   582,747   9,884,839   507.6
                                                               339.9          343.6       1.05   3.70   582,853   9,885,141   469.2
BGH080      582944   9885130      798        270       -75     345.0          346.6       4.11   1.55   582,851   9,885,141   465.5
                                                               360.7          361.0      11.95   0.30   582,846   9,885,143   451.5
                                                               269.0          274.6       1.99   5.56   582,838   9,885,306   578.6
BGH081a     583022   9885299      776        270       -50
                                                               275.6          275.9       0.64   0.30   582,835   9,885,307   576.0
                                                               263.8          266.3       3.43   2.47   582,836   9,885,222   556.0
BGH082a     583013   9885209      752        270       -50     268.4          269.2       3.32   0.80   582,833   9,885,223   553.5
                                                               277.0          277.3      15.65   0.30   582,827   9,885,224   547.9
BGH083                                                         No significant intercepts
                                                               279.0          280.9       6.25   1.95   582,857   9,885,307   552.8
BGH084      583023   9885299      776        270       -57
                                                               283.1          286.3       1.28   3.25   582,854   9,885,307   549.2
BGH085      583023   9885299      776        270       -65     294.7          298.4       0.83   3.70   582,890   9,885,304   512.9
                                                               275.4          280.8       3.07   5.43   582,847   9,885,214   530.1
BGH086      583013   9885208      752        270       -57
                                                               286.1          286.5      18.90   0.46   582,841   9,885,215   524.4
BGH087      583023   9885299      777        270       -75     263.8          264.3       0.59   0.53   582,946   9,885,305   525.0
                                                               297.7          299.5      11.93   1.72   582,876   9,885,221   487.3
                                                               301.0          301.8       6.79   0.77   582,875   9,885,221   485.0
                                                               303.7          304.0       2.47   0.30   582,873   9,885,222   483.0
                                                               305.7          306.0       1.66   0.30   582,872   9,885,222   481.4
BGH088      583012   9885208      752        270       -67     307.2          307.6       6.66   0.35   582,871   9,885,223   480.2
                                                               308.3          308.9      12.15   0.67   582,871   9,885,223   479.2
                                                               309.5          309.8       1.98   0.31   582,870   9,885,223   478.3
                                                               310.4          310.7      17.65   0.33   582,869   9,885,223   477.6
                                                               313.0          313.9       2.82   0.85   582,868   9,885,224   475.3
                                                               324.5          324.9       5.77   0.38   582,861   9,885,226   466.3
                                                               325.4          325.8      10.40   0.40   582,861   9,885,226   465.6
                                                               198.0          199.0       4.58   1.00   582,822   9,885,357   628.9
                                                               202.7          203.5      12.25   0.80   582,819   9,885,357   625.5
BGH089     582951   9885352       779        270       -50
                                                               205.1          205.5       7.96   0.44   582,818   9,885,357   623.7
                                                               217.5          218.5      31.90   1.00   582,809   9,885,358   614.1
                                                               168.8          170.5       2.45   1.68   582,843   9,885,424   638.3
BGH090     582951   9885423       769        270       -50     170.9          171.5      12.55   0.60   582,842   9,885,424   637.1
                                                               173.0          173.3       5.05   0.33   582,841   9,885,424   635.6
BGH091     582951   9885352       779        270       -65     222.1          223.5       4.02   1.40   582,850   9,885,358   581.3
BGH092     583021   9885430       752        270       -55     193.5          193.9      17.15   0.38   582,913   9,885,431   591.9
                                                               224.3          224.8       4.06   0.50   582,932   9,885,341   549.9
BGH093     583013   9885345       759        270       -70     225.8          226.7       1.81   0.92   582,931   9,885,341   548.3
                                                               227.7          228.3       2.75   0.60   582,930   9,885,341   546.7
                                                               381.0          384.8       3.84   3.81   582,808   9,885,054   473.5
BGH094     582990   9885055       810        270   -65     389.7          390.3       5.95   0.51   582,805   9,885,054   467.4
                                                408.5          411.0       5.82   2.55   582,795   9,885,054   450.4
                                                391.6          399.6       4.56   8.03   582,773   9,884,762   482.7
                                                400.0          401.0       1.85   1.00   582,770   9,884,761   478.6
BGH095     582960   9884759       831        270   -60
                                                405.0          412.0       4.47   6.97   582,766   9,884,761   471.9
                                                414.0          414.3       1.36   0.30   582,763   9,884,761   467.2
BGH096                                        No significant intercepts
                                                242.0          245.5       1.10   3.50   582,879   9,885,344   555.7
BGH097     583013   9885345       759        270   -58
                                                247.0          250.1       2.66   3.10   582,876   9,885,344   551.8
BGH099                                        No significant intercepts
                                                226.8          231.3       2.09   4.51   582,965   9,885,347   535.2
BGH100     583013   9885345       759        270   -79
                                                233.1          235.0       1.58   1.92   582,964   9,885,347   530.3
                                                387.4          388.6       2.66   1.25   582,802   9,884,968   474.7
                                                392.3          394.7       1.49   2.35   582,799   9,884,968   470.1
BGH101     582990   9884975       813        270   -65     396.0          398.2       0.53   2.24   582,797   9,884,968   467.1
                                                402.7          410.2       3.68   7.46   582,792   9,884,967   459.3
                                                423.6          425.5      13.48   1.84   582,781   9,884,967   444.5
BGH102                                        No significant intercepts
                                                161.9          167.0       1.71   5.17   582,882   9,885,425   618.5
BGH103     582951   9885423       767        270   -64     167.8          172.1       1.11   4.29   582,880   9,885,425   613.4
                                                173.4          177.0       1.71   3.65   582,877   9,885,425   608.7
                                                459.4          463.0      10.19   3.65   582,829   9,885,047   378.1
                                                464.8          465.1       8.35   0.30   582,827   9,885,047   374.8
BGH104     582985   9885054       811        270   -72     471.4          475.5       1.72   4.15   582,823   9,885,046   367.3
                                                477.6          478.0       0.96   0.42   582,821   9,885,046   363.5
                                                485.9          486.2       2.12   0.37   582,817   9,885,045   356.3
                                                406.5          407.0       0.98   0.48   582,807   9,884,837   458.9
                                                410.2          413.0       1.20   2.80   582,805   9,884,836   454.6
                                                416.9          421.4       1.66   4.45   582,802   9,884,836   447.9
                                                421.8          425.0       4.33   3.21   582,800   9,884,836   444.1
                                                427.7          431.3       0.80   3.55   582,797   9,884,836   438.7
BGH105     582963   9884842       834        270   -70     434.6          437.4       1.11   2.77   582,794   9,884,835   433.0
                                                442.3          442.6       1.98   0.30   582,791   9,884,835   427.3
                                                446.0          446.3       1.24   0.30   582,789   9,884,834   424.1
                                                453.7          454.0       0.62   0.30   582,785   9,884,834   417.4
                                                457.8          459.9       5.03   2.17   582,783   9,884,833   413.0
                                                461.7          462.6       0.91   0.93   582,781   9,884,833   410.2
BGH106                                        No significant intercepts
BGH107     582991   9884982       814        270   -75     496.9          502.2       8.21   5.21   582,826   9,884,984   343.4
                                                377.2          377.5      11.95   0.31   582,786   9,884,895   495.2
                                                381.5          381.8       7.40   0.30   582,784   9,884,895   491.5
                                                385.3          387.5       4.50   2.20   582,781   9,884,895   487.6
BGH108     582963   9884905       828        270   -62
                                                391.0          395.0       2.09   3.96   582,777   9,884,894   482.1
                                                401.0          402.0       1.44   1.00   582,773   9,884,894   475.1
                                                405.3          409.4       2.40   4.05   582,769   9,884,893   470.3
BGH109                                        No significant intercepts
                                                459.2          467.4       1.00   8.14   582,799   9,884,879   397.0
                                                468.1          476.7      10.35   8.58   582,795   9,884,878   389.2
BGH110     582963   9884905      828         270   -73
                                                485.5          486.2      10.30   0.70   582,788   9,884,876   377.8
                                                489.8          490.9       2.01   1.12   582,786   9,884,875   374.0
                                                               334.4          341.3       4.24    6.89   582,768   9,884,745   553.1
                                                               342.4          350.0       4.92    7.65   582,762   9,884,745   547.0
                                                               352.5          357.3       0.67    4.75   582,756   9,884,744   540.6
BGH111     582959    9884759     831         270   -55
                                                               358.3          361.3       0.63    3.03   582,753   9,884,744   537.0
                                                               362.7          367.2       0.58    4.50   582,749   9,884,744   533.3
                                                               368.0          370.2       3.15    2.16   582,746   9,884,743   530.4
                                                               130.3          130.6       2.32    0.30   582,797   9,885,360   681.8
BGH112     582870    9885354     790         270   -55
                                                               135.3          135.7       5.69    0.44   582,794   9,885,360   677.7
                                                               213.0          216.6       0.94    3.60   582,810   9,885,204   590.1
BGH113     582910    9885205     780         270   -62
                                                               229.0          230.0       4.49    1.00   582,803   9,885,204   577.3
                                                               138.5          138.9       4.40    0.36   582,807   9,885,358   666.2
                                                               143.3          143.6       6.84    0.30   582,805   9,885,358   662.1
BGH114     582870    9885354     790         270   -63
                                                               147.0          147.6       3.83    0.65   582,803   9,885,358   658.8
                                                               151.5          151.8       0.82    0.30   582,801   9,885,358   655.0
BGH115                                                       No significant intercepts
                                                               285.4          292.0       3.51    6.63   582,727   9,884,661   577.7
BGH116     582886    9884671     818         270   -58
                                                               292.5          294.0       1.04    1.54   582,724   9,884,660   574.2
BGH117                                                       No significant intercepts
                                                                 95.0          95.9       2.05    0.90   582,795   9,885,430   686.6
BGH118     582842    9885430     769         270   -60
                                                               100.6          100.9       0.95    0.30   582,792   9,885,430   682.1
BGH119     582842    9885430     769         270   -75     103.0          105.0       2.33    2.00   582,814   9,885,431   669.5
                                                               323.0          327.4       0.98    4.41   582,746   9,884,662   528.2
BGH120     582886    9884671     818         270   -70
                                                               330.3          334.4       1.92    4.14   582,741   9,884,662   522.6
BGH121                                                       No significant intercepts
                                                               153.4          157.5       1.50    4.09   582,786   9,885,123   640.6
BGH122     582853    9885112     780         275   -65     158.1          161.9       1.26    3.81   582,784   9,885,123   636.5
                                                               162.8          165.0       1.66    2.25   582,783   9,885,123   633.1
                                                               432.0          437.1       1.96    5.05   582,789   9,884,746   432.8
BGH123     582960    9884759     831         270   -70
                                                               438.5          438.8       1.20    0.30   582,787   9,884,746   429.3
BGH124                                                       No significant intercepts
MND001                                                       No significant intercepts
MND002                                                       No significant intercepts
MND003                                                       No significant intercepts
MND004     583392    9886283     682         270   -52     524.8          525.1       0.67    0.30   582,994   9,886,250   347.0
MND005                                                       No significant intercepts
MND006                                                       No significant intercepts
MND007     583100    9886210     726         270   -75     402.0          402.5       0.58    0.45   582,987   9,886,211   340.5
MND009     582881    9886200     752         270   -65       96.4          96.8       2.28    0.40   582,842   9,886,200   667.3
MND010                                                       No significant intercepts
                                                               419.3          428.0      21.85    8.74   583,021   9,886,194   312.7
MND011     583103    9886211     726         270   -83
                                                               430.6          438.9      17.52    8.30   583,018   9,886,193   302.0
MND012     582950    9886140     765         270   -60       64.7          65.4      12.20    0.65   582,916   9,886,142   699.8
                                                               142.7          143.0      10.05    0.28   582,852   9,886,146   651.2
MND013     582945    9886142     759         270   -50
                                                               177.0          178.0       1.02    1.00   582,829   9,886,146   625.5
MND014                                                       No significant intercepts
MND015a    582950    9886140     755         270   -70     172.3          172.7       6.34    0.36   582,887   9,886,144   594.8
MND016     583063    9886162     741         270   -50     249.4          253.0       0.62    3.58   582,895   9,886,161   554.1
MND017     583195    9886171     744         270   -50     385.0          386.0       1.02    1.00   582,947   9,886,165   450.1
MND018     583063    9886162     740         270   -60     284.7          285.0      11.70    0.30   582,912   9,886,160   498.4
                                                               432.2          444.0      25.94   11.76   582,992   9,886,162   357.3
MND019     583196    9886171     744         270   -64
                                                               445.0          445.6      15.30    0.55   582,988   9,886,162   351.2
                                                               484.9          492.3       7.08    7.36   583,024   9,886,160   288.3
MND020     583196    9886171     744         270   -72
                                                               495.0          499.3       7.50    4.25   583,020   9,886,159   280.6
MND021     583195    9886171     744         270   -57     425.3          425.6      10.50    0.30   582,962   9,886,178   388.9
                                                               547.0          558.3       7.62   11.30   583,060   9,886,205   220.5
MND022a    583244    9886211     741         270   -73     559.0          565.9      16.37    6.85   583,056   9,886,205   211.4
                                                               567.7          569.5       1.31    1.83   583,054   9,886,205   205.7
                                                               511.6          524.7      21.27   13.10   583,038   9,886,208   249.3
MND023     583204    9886236     738         270   -75
                                                               527.0          528.4       2.35    1.42   583,033   9,886,207   240.8
1. Apparent widths, not true thickness
               
Appendix 3: Checklist of Assessment and Reporting Criteria

Drilling techniques         All drillholes were diamond drill cored and drilled from surface (most
                            intersections drilled using NQ size), holes drilled orientated in an east-west
                            direction were angled between -60° and -70°. Holes collared in the west
                            were drilled out in fan patterns into the side of a hill and angled between 0°
                            and minus 35°.
Logging                     All of the drillholes were geologically logged by qualified geologists. The
                            logging is of an appropriate standard for grade estimation.
Drill sample recovery       Core recovery in the mineralised zones was observed to be very good and
                            is on average 97%.
Sampling methods            Half core samples were collected continuously through the mineralised
                            zones after being cut longitudinally in half using a diamond saw. Drillhole
                            samples were taken at nominal 1 m intervals, which were adjusted to
                            smaller intervals in order to target the cassiterite vein zones. Lithological
                            contacts were honoured during the sampling. MSA’s observations indicated
                            that the routine sampling was performed to a reasonable standard and is
                            suitable for evaluation purposes.
Quality of assay data and   At the on-site ABM laboratory (managed by Anchem), samples were first
laboratory tests            checked off against the submission list supplied and then weighed and oven
                            dried for 2 hours at 105 degrees Celsius. The dried samples were crushed
                            by jaw crusher to 75% passing 2mm, from which a 250g riffle split was
                            taken. This 250g split was pulverised in ring mills to 90% passing 75?m
                            from which a sample for analysis was taken. Samples were homogenised
                            using a corner-to-corner methodology and two samples were taken from
                            each pulp, one of 10g for on-site laboratory assaying and another 150g
                            sample for export and independent accredited 3rd party laboratory
                            assaying.
                            Received samples at ALS Johannesburg are checked off against the list of
                            samples supplied and logged in the system. Quality Control is performed by
                            way of sieve tests every 50 samples and should a sample fail, the preceding
                            50 samples are ground in a ring mill pulveriser using a carbon steel ring set
                            to 85 % passing 75?m. Samples are analysed for tin using method code
                            ME-XRF05 conducted on a pressed pellet with 10% precision and an upper
                            limit of 5,000ppm. The over-limit tin samples are analysed as fused disks
                            according to method ME-XRF15c, which makes use of pre-oxidation and
                            decomposition by fusion with 12:22 lithium borate flux containing 20%
                            Sodium Nitrate as an oxidizing agent, with an upper detection limit of 79%
                            Sn.
                            Prior to the 2021 drilling the assays were also conducted at ALS Global in
                            Johannesburg where samples were analysed for tin using fused disc ME-
                            XRF05 with 10% precision and an upper limit of 10 000 ppm. This was
                            reduced to 5,000 ppm from 2014 onwards. Over limit samples were sent to
                            Vancouver for ME-XRF10 which uses a Lithium Borate 50:50 flux with an
                            upper detection limit of 60% and precision of 5%.
                            ME-ICP61, HF, HNO3, HCL04 and HCL leach with ICP-AES finish was
                            used for 33 elements including base metals. ME-OG62, a four-acid
                            digestion, was used on high grade samples for Pb, Zn, Cu & Ag.
                            External quality assurance of the laboratory assays for the Alphamin
                            samples was monitored. Blank samples (299), certified reference materials
                            (434) and duplicate samples (357) were inserted with the field samples
                            accounting for approximately 11% of the total sample set.
                            The QAQC measures used by Alphamin revealed the following:
                                •    Blank samples indicated that no significant contamination occurred
                                     overall. Low levels of contamination (mostly  1% is less than 1%.
                                          o Tendency for ALS to be higher (~5%) for the grade ranges
                                              less than 1%.
                                    •    Inter-lab precision (after removal of