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ALPHAMIN RESOURCES CORPORATION - Alphamin announces decision to resume mining operations

Release Date: 09/04/2025 12:00
Code(s): APH     PDF:  
Wrap Text
Alphamin announces decision to resume mining operations

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 DECISION TO RESUME MINING OPERATIONS


MAURITIUS – April 9, 2025 – Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX) (the
"Company") is pleased to announce that it is initiating a phased resumption of operations at
the Company's Bisie tin mine in Walikale District, North Kivu Province of east-central
Democratic Republic of the Congo (DRC). This decision was made after the withdrawal of
insurgents eastward from the town of Walikale towards the towns of Nyabiondo and Masisi,
more than 130 kms to the east of the Company's mine site. The Company intends to redeploy
employees as part of a plan to restart tin production in phases while it continues to monitor the
security situation. The mine is adequately supplied with consumables and spares to support
the resumption of production.

Following the orderly evacuation of the mine during mid March 2025, the care and
maintenance activities and tin concentrate export logistics continued without interruption.
During the period 1 January 2025 to 8 April 2025, ~4,500 tonnes of contained tin was sold and
exported with ~280 tonnes still in transit and limited concentrate stock currently on hand.
Contained tin production of 4,270 tonnes was achieved during Q1 2025 until operations ceased
on 13 March 2025 due to security concerns.

Alphamin's audited consolidated financial statements and accompanying Management's
Discussion and Analysis for the year and quarter ended 31 December 2024 are expected to
be released on or about April 17, 2025.

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, intention to resume
mining operations in a phased manner and the timing for the filing of the Company's 2024 annual
financial results. 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. Factors that may cause actual results to differ materially from expected results described in
forward-looking statements include, but are not limited to: the uncertainty of developments in and the
outcome of the current civil unrest and security situation in the eastern Democratic Republic of the
Congo as well as those risk factors set out in the Company's most recent annual Management
Discussion and Analysis and other disclosure documents available under the Company's profile at
www.sedarplus.ca. 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.

9 April 2025

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


Date: 09-04-2025 12:00:00
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