"GRAND BAIE, Mauritius, May 07, 2021 (GLOBE NEWSWIRE) -- 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 provide the following operational and financial update for the quarter ended March 2021:
Record Q1 EBITDA of $36,5m, at a tin price of $23,083/t (Current: ~$29,000/t);
Tin sales of 3,351 tons, up 45% from the previous quarter;
Main Zone mineralisation intercepted at Mpama South, based on visual inspection and interpretation, is comparable to the Resource mined at the high grade Mpama North Mine;
New parallel mineralisation zone discovered in the footwall of the Main Zone at Mpama South;
Mpama North deeps drilling to commence May 2021 (previously August 2021)
Fine tin recovery plant on schedule for commissioning during June 2021"