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Alphamin announces completion of FEED and CBE for Bisie Tin Project

2017-02-08 15:45:45  【Print】
BEIJING (Asian Metal) 8 Feb 17 - On February 6, 2017, Alphamin Resources Corp.Asian Metal Copyright75% owned Bisie Tin Project "Bisie" or the "Project" in the Democratic Republic of Congo.Asian Metal Copyright ("Alphamin") announced the completion of the Front-End Engineering Design ("FEED") and Control Budget Estimate ("CBE") for its 80.Asian Metal Copyright2 million as well as real, after tax, Project IRR of 49.Asian Metal Copyright75% owned Bisie Tin Project ("Bisie" or the "Project") in the Democratic Republic of Congo.

The completed FEED and CBE increase proven and probable reserves to 4.Asian Metal Copyright The completed FEED and CBE increase proven and probable reserves to 4.Asian Metal Copyright67 Mt at 3.Asian Metal Copyright The projected payback period is 17 months from the first tin production at the Alphamin Bisie Tin Mine.Asian Metal Copyright58% Sn containing 167.Asian Metal Copyright67 Mt at 3.Asian Metal Copyright3 Kt of tin while also increasing the life of mine (LoM) to 150 months or 12.Asian Metal Copyright The completed FEED and CBE increase proven and probable reserves to 4.Asian Metal Copyright5 years.Asian Metal Copyright Alphamin is also pleased with the robust economic performance indicators of a Net Present Value 8% of US$ 402.Asian Metal Copyright The optimized process flow sheet resulted in 6% higher annual average plant throughput rates, and an increase in tin recoveries to 73%.

A cash margin of some US$ 11,040 per tonne of tin sold is foreseen, resulting in a LoM annual average EBITDA of about US$ 110 million (constant 2017 terms).Asian Metal Copyright1%.Asian Metal Copyright Alphamin is also pleased with the robust economic performance indicators of a Net Present Value (8%) of US$ 402.Asian Metal Copyright58% Sn containing 167.Asian Metal Copyright2 million as well as real, after tax, Project IRR of 49.Asian Metal Copyright2 million as well as real, after tax, Project IRR of 49.Asian Metal Copyright1%.Asian Metal Copyright The projected payback period is 17 months from the first tin production at the Alphamin Bisie Tin Mine.Asian Metal Copyright The projected payback period is 17 months from the first tin production at the Alphamin Bisie Tin Mine.

.Asian Metal Copyright75% owned Bisie Tin Project "Bisie" or the "Project" in the Democratic Republic of Congo.Asian Metal Copyright

Tin Conc.

60%min EXW China

Unit:RMB/mt
China's refined tin producers' inventory for tin concentrate statistics by province by month
Unit: mt
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