ALPHAMIN ANNOUNCES RECORD FY2025 TIN PRODUCTION /FY2026 PRODUCTION GUIDANCE/ EXPLORATION UPDATE/ SENIOR MANAGEMENT CHANGES

Original announcement by tmx on

Company
Alphamin Resources Corp.
Ticker
AFM
Exchange
TSX
Region
Democratic Republic of Congo
Primary commodity
Tin
Secondary commodities
None reported
Document categories
Drill results, Production, Other
Extracted
2026-09-13 11:14:38 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Alphamin Resources reported record FY2025 tin production of 18,576 tonnes, a 7% increase year-over-year, and provided FY2026 production guidance of approximately 20,000 tonnes. The company also released exploration drill results from Mpama North and Mpama South, featuring several high-grade tin intercepts, including bonanza grades. Concurrently, Alphamin announced the retirement of its CEO, with the current CFO stepping into the role and a new CFO appointed, while noting some operational challenges in Q4 processing recoveries and drilling progress, alongside ongoing security risks in the DRC.

Reasoning: Alphamin announced record annual tin production and increased future guidance, supported by high-grade exploration drill results. However, operational challenges in Q4 processing and drilling, along with elevated security risks, present headwinds. Management changes appear well-managed.

Positive factors

  • Record FY2025 tin production of 18,576 tonnes, up 7% from prior year.
  • FY2026 contained tin production guidance of approximately 20,000 tonnes, an increase from FY2025.
  • Strong tin price (US$48,000/t) positively impacting cash flow generation.
  • High-grade tin intercepts from exploration drilling, including bonanza grades (e.g., 41.47% Sn over 10.1m).
  • Orderly CEO transition with experienced internal promotion and new CFO appointment.

Negative factors

  • Q4 processing recoveries of 73% were below the target of 75%.
  • Exploration drilling meters disappointed at 2,811 against a target of 4,500 due to contractor issues.
  • Ongoing elevated security risks in the North Kivu province of the DRC, which could affect operations.
  • Some drill holes reported 'No significant intercepts' or 'No visible mineralized intersection observed'.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 23

Classification and evidence

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release explicitly states that Mr. Clive Brown and Mr. Jeremy Witley, both Qualified Persons (QP) as defined in NI 43-101, reviewed and approved the scientific and technical information.

Evidence · text

“Mr. Clive Brown, Pr. Eng., B.Sc. Engineering (Mining), 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... Mr. Jeremy Witley, Pr. Sci. Nat., BSc. (Hons) Mining Geology, MSc (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 the section “Exploration update” and Appendix 1.”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Drill hole MNUD009 returned an intercept of 41.47% Sn over 10.1m, which is an exceptionally high grade for tin.

Evidence · table

“41.47”

Context: 10.1

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The exploration strategy includes objectives to 'Expand the Mpama North and Mpama South resource base to extend mine life' and 'Discover the next tin deposit near the Bisie mine', indicating drilling aimed at extending known mineralization or finding new zones.

Evidence · text

“Expand the Mpama North and Mpama South resource base to extend mine life. Discover the next tin deposit near the Bisie mine.”

Extracted facts

Stored fact records: 23. Some facts used in scoring do not have a stored record.

Drill Results (23)

BGH189Mpama South · tinGrade: 1.02Grade Unit: %Intercept: 0.76 mView all details
Link to this fact

Identity

Hole ID
BGH189
Project
Mpama South
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
1.02
Grade Unit
%
Intercept
0.76 m
From
322 m
To
322.76 m
Intercept Depth
322 m

Classification

Program
exploration
Sample Type
drill
Group ID
BGH189:322-322.76
Mining Method
underground

Location

Easting
582975
Northing
9884510
Elevation
827 m
Azimuth
270 °
Dip
-45 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Moderate grade tin intercept over a very narrow width.

Negative factors

  • Narrow intercept width.

Evidence · table

“1.02”

Context: 0.76

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

BGH191AMpama South · tinGrade: 0.95Grade Unit: %Intercept: 9.04 mView all details
Link to this fact

Identity

Hole ID
BGH191A
Project
Mpama South
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
0.95
Grade Unit
%
Intercept
9.04 m
From
521.06 m
To
530.1 m
Intercept Depth
521.06 m

Classification

Program
exploration
Sample Type
drill
Group ID
BGH191A:521.06-530.1
Mining Method
underground

Location

Easting
583095
Northing
9884803
Elevation
783 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Moderate grade tin intercept over a moderate width.

Positive factors

  • Moderate intercept width.

Evidence · table

“0.95”

Context: 9.04

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

BGH191AMpama South · tinGrade: 1.05Grade Unit: %Intercept: 0.86 mView all details
Link to this fact

Identity

Hole ID
BGH191A
Project
Mpama South
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
1.05
Grade Unit
%
Intercept
0.86 m
From
533.18 m
To
534.04 m
Intercept Depth
521.06 m

Classification

Program
exploration
Sample Type
drill
Group ID
BGH191A:533.18-534.04
Mining Method
underground

Location

Easting
583095
Northing
9884803
Elevation
783 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Moderate grade tin intercept over a very narrow width.

Negative factors

  • Narrow intercept width.

Evidence · table

“1.05”

Context: 0.86

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

BGH192Mpama South · tinGrade: 0.92Grade Unit: %Intercept: 4.98 mView all details
Link to this fact

Identity

Hole ID
BGH192
Project
Mpama South
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
0.92
Grade Unit
%
Intercept
4.98 m
From
532.92 m
To
537.9 m
Intercept Depth
532.92 m

Classification

Program
exploration
Sample Type
drill
Group ID
BGH192:532.92-537.9
Mining Method
underground

Location

Easting
583141
Northing
9884873
Elevation
783 m
Azimuth
273 °
Dip
-68 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Moderate grade tin intercept over a moderate width.

Evidence · table

“0.92”

Context: 4.98

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

BGH192Mpama South · tinGrade: 4.31Grade Unit: %Intercept: 5.08 mView all details
Link to this fact

Identity

Hole ID
BGH192
Project
Mpama South
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
4.31
Grade Unit
%
Intercept
5.08 m
From
539.92 m
To
545 m
Intercept Depth
532.92 m

Classification

Program
exploration
Sample Type
drill
Group ID
BGH192:539.92-545
Mining Method
underground

Location

Easting
583141
Northing
9884873
Elevation
783 m
Azimuth
273 °
Dip
-68 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Strong grade tin intercept over a moderate width.

Positive factors

  • Strong tin grade.
  • Moderate intercept width.

Evidence · table

“4.31”

Context: 5.08

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

BGH192Mpama South · tinGrade: 4.67Grade Unit: %Intercept: 1.81 mView all details
Link to this fact

Identity

Hole ID
BGH192
Project
Mpama South
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
4.67
Grade Unit
%
Intercept
1.81 m
From
546.6 m
To
548.41 m
Intercept Depth
532.92 m

Classification

Program
exploration
Sample Type
drill
Group ID
BGH192:546.6-548.41
Mining Method
underground

Location

Easting
583141
Northing
9884873
Elevation
783 m
Azimuth
273 °
Dip
-68 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Strong grade tin intercept over a narrow width.

Positive factors

  • Strong tin grade.

Negative factors

  • Narrow intercept width.

Evidence · table

“4.67”

Context: 1.81

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

BGH192Mpama South · tinGrade: 4.18Grade Unit: %Intercept: 5.45 mView all details
Link to this fact

Identity

Hole ID
BGH192
Project
Mpama South
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
4.18
Grade Unit
%
Intercept
5.45 m
From
551.6 m
To
557.05 m
Intercept Depth
532.92 m

Classification

Program
exploration
Sample Type
drill
Group ID
BGH192:551.6-557.05
Mining Method
underground

Location

Easting
583141
Northing
9884873
Elevation
783 m
Azimuth
273 °
Dip
-68 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Strong grade tin intercept over a moderate width.

Positive factors

  • Strong tin grade.
  • Moderate intercept width.

Evidence · table

“4.18”

Context: 5.45

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

BGH194Mpama South · tinGrade: 0.92Grade Unit: %Intercept: 1.94 mView all details
Link to this fact

Identity

Hole ID
BGH194
Project
Mpama South
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
0.92
Grade Unit
%
Intercept
1.94 m
From
489.26 m
To
491.2 m
Intercept Depth
489.26 m

Classification

Program
exploration
Sample Type
drill
Group ID
BGH194:489.26-491.2
Mining Method
underground

Location

Easting
583159
Northing
9885089
Elevation
753 m
Azimuth
270 °
Dip
-68 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Moderate grade tin intercept over a narrow width.

Negative factors

  • Narrow intercept width.

Evidence · table

“0.92”

Context: 1.94

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

BGH194Mpama South · tinGrade: 4.26Grade Unit: %Intercept: 3.04 mView all details
Link to this fact

Identity

Hole ID
BGH194
Project
Mpama South
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
4.26
Grade Unit
%
Intercept
3.04 m
From
494.06 m
To
497.1 m
Intercept Depth
489.26 m

Classification

Program
exploration
Sample Type
drill
Group ID
BGH194:494.06-497.1
Mining Method
underground

Location

Easting
583159
Northing
9885089
Elevation
753 m
Azimuth
270 °
Dip
-68 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Strong grade tin intercept over a moderate width.

Positive factors

  • Strong tin grade.
  • Moderate intercept width.

Evidence · table

“4.26”

Context: 3.04

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

BGH194Mpama South · tinGrade: 1.99Grade Unit: %Intercept: 2.83 mView all details
Link to this fact

Identity

Hole ID
BGH194
Project
Mpama South
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
1.99
Grade Unit
%
Intercept
2.83 m
From
498.37 m
To
501.2 m
Intercept Depth
489.26 m

Classification

Program
exploration
Sample Type
drill
Group ID
BGH194:498.37-501.2
Mining Method
underground

Location

Easting
583159
Northing
9885089
Elevation
753 m
Azimuth
270 °
Dip
-68 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Moderate grade tin intercept over a narrow width.

Negative factors

  • Narrow intercept width.

Evidence · table

“1.99”

Context: 2.83

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

BGH194Mpama South · tinGrade: 1.97Grade Unit: %Intercept: 0.88 mView all details
Link to this fact

Identity

Hole ID
BGH194
Project
Mpama South
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
1.97
Grade Unit
%
Intercept
0.88 m
From
502.36 m
To
503.24 m
Intercept Depth
489.26 m

Classification

Program
exploration
Sample Type
drill
Group ID
BGH194:502.36-503.24
Mining Method
underground

Location

Easting
583159
Northing
9885089
Elevation
753 m
Azimuth
270 °
Dip
-68 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Moderate grade tin intercept over a very narrow width.

Negative factors

  • Very narrow intercept width.

Evidence · table

“1.97”

Context: 0.88

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

MNUD001Mpama North Underground · tinGrade: 0.97Grade Unit: %Intercept: 0.65 mView all details
Link to this fact

Identity

Hole ID
MNUD001
Project
Mpama North Underground
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
0.97
Grade Unit
%
Intercept
0.65 m
From
35.75 m
To
36.4 m
Intercept Depth
35.75 m

Classification

Program
exploration
Sample Type
drill
Group ID
MNUD001:35.75-36.4
Mining Method
underground

Location

Easting
582953
Northing
9886224
Elevation
477 m
Azimuth
270 °
Dip
0 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Moderate grade tin intercept over a very narrow width.

Negative factors

  • Very narrow intercept width.

Evidence · table

“0.97”

Context: 0.65

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

MNUD002Mpama North Underground · tinGrade: 0.61Grade Unit: %Intercept: 0.25 mView all details
Link to this fact

Identity

Hole ID
MNUD002
Project
Mpama North Underground
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
0.61
Grade Unit
%
Intercept
0.25 m
From
30.75 m
To
31 m
Intercept Depth
30.75 m

Classification

Program
exploration
Sample Type
drill
Group ID
MNUD002:30.75-31
Mining Method
underground

Location

Easting
582953
Northing
9886224
Elevation
478 m
Azimuth
271 °
Dip
20 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Moderate grade tin intercept over an extremely narrow width.

Negative factors

  • Extremely narrow intercept width.

Evidence · table

“0.61”

Context: 0.25

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

MNUD003Mpama North Underground · tinGrade: 0.6Grade Unit: %Intercept: 2.17 mView all details
Link to this fact

Identity

Hole ID
MNUD003
Project
Mpama North Underground
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
0.6
Grade Unit
%
Intercept
2.17 m
From
54.8 m
To
56.97 m
Intercept Depth
54.8 m

Classification

Program
exploration
Sample Type
drill
Group ID
MNUD003:54.8-56.97
Mining Method
underground

Location

Easting
582953
Northing
9886224
Elevation
479 m
Azimuth
270 °
Dip
41 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Moderate grade tin intercept over a narrow width.

Negative factors

  • Narrow intercept width.

Evidence · table

“0.6”

Context: 2.17

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

MNUD003Mpama North Underground · tinGrade: 1.1Grade Unit: %Intercept: 0.35 mView all details
Link to this fact

Identity

Hole ID
MNUD003
Project
Mpama North Underground
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
1.1
Grade Unit
%
Intercept
0.35 m
From
72.65 m
To
73 m
Intercept Depth
54.8 m

Classification

Program
exploration
Sample Type
drill
Group ID
MNUD003:72.65-73
Mining Method
underground

Location

Easting
582953
Northing
9886224
Elevation
479 m
Azimuth
270 °
Dip
41 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Moderate grade tin intercept over a very narrow width.

Negative factors

  • Very narrow intercept width.

Evidence · table

“1.1”

Context: 0.35

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

MNUD004Mpama North Underground · tinGrade: 0.68Grade Unit: %Intercept: 0.44 mView all details
Link to this fact

Identity

Hole ID
MNUD004
Project
Mpama North Underground
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
0.68
Grade Unit
%
Intercept
0.44 m
From
39.56 m
To
40 m
Intercept Depth
39.56 m

Classification

Program
exploration
Sample Type
drill
Group ID
MNUD004:39.56-40
Mining Method
underground

Location

Easting
582953
Northing
9886224
Elevation
476 m
Azimuth
269 °
Dip
-20 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Moderate grade tin intercept over a very narrow width.

Negative factors

  • Very narrow intercept width.

Evidence · table

“0.68”

Context: 0.44

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

MNUD008AMpama North Underground · tinGrade: 13.63Grade Unit: %Intercept: 9.3 mView all details
Link to this fact

Identity

Hole ID
MNUD008A
Project
Mpama North Underground
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
13.63
Grade Unit
%
Intercept
9.3 m
From
247.7 m
To
257 m
Intercept Depth
247.7 m

Classification

Program
exploration
Sample Type
drill
Group ID
MNUD008A:247.7-257
Mining Method
underground

Location

Easting
582978
Northing
9886230
Elevation
475 m
Azimuth
85 °
Dip
-73 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Exceptional grade tin intercept over a moderate width.

Positive factors

  • Exceptional tin grade.
  • Moderate intercept width.

Evidence · table

“13.63”

Context: 9.3

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

MNUD008AMpama North Underground · tinGrade: 3.65Grade Unit: %Intercept: 7.2 mView all details
Link to this fact

Identity

Hole ID
MNUD008A
Project
Mpama North Underground
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
3.65
Grade Unit
%
Intercept
7.2 m
From
259.37 m
To
266.57 m
Intercept Depth
247.7 m

Classification

Program
exploration
Sample Type
drill
Group ID
MNUD008A:259.37-266.57
Mining Method
underground

Location

Easting
582978
Northing
9886230
Elevation
475 m
Azimuth
85 °
Dip
-73 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Strong grade tin intercept over a moderate width.

Positive factors

  • Strong tin grade.
  • Moderate intercept width.

Evidence · table

“3.65”

Context: 7.2

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

MNUD008AMpama North Underground · tinGrade: 3.54Grade Unit: %Intercept: 8.04 mView all details
Link to this fact

Identity

Hole ID
MNUD008A
Project
Mpama North Underground
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
3.54
Grade Unit
%
Intercept
8.04 m
From
269 m
To
277.04 m
Intercept Depth
247.7 m

Classification

Program
exploration
Sample Type
drill
Group ID
MNUD008A:269-277.04
Mining Method
underground

Location

Easting
582978
Northing
9886230
Elevation
475 m
Azimuth
85 °
Dip
-73 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Strong grade tin intercept over a moderate width.

Positive factors

  • Strong tin grade.
  • Moderate intercept width.

Evidence · table

“3.54”

Context: 8.04

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

MNUD009Mpama North Underground · tinGrade: 41.47Grade Unit: %Intercept: 10.1 mView all details
Link to this fact

Identity

Hole ID
MNUD009
Project
Mpama North Underground
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
41.47
Grade Unit
%
Intercept
10.1 m
From
236.3 m
To
246.4 m
Intercept Depth
236.3 m

Classification

Program
exploration
Sample Type
drill
Group ID
MNUD009:236.3-246.4
Mining Method
underground

Location

Easting
582977
Northing
9886235
Elevation
477 m
Azimuth
68 °
Dip
-74 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Bonanza grade tin intercept over a moderate width, indicating very high-grade mineralization.

Positive factors

  • Bonanza tin grade.
  • Moderate intercept width.

Evidence · table

“41.47”

Context: 10.1

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

MNUD009Mpama North Underground · tinGrade: 14.72Grade Unit: %Intercept: 8.65 mView all details
Link to this fact

Identity

Hole ID
MNUD009
Project
Mpama North Underground
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
14.72
Grade Unit
%
Intercept
8.65 m
From
249.2 m
To
257.85 m
Intercept Depth
236.3 m

Classification

Program
exploration
Sample Type
drill
Group ID
MNUD009:249.2-257.85
Mining Method
underground

Location

Easting
582977
Northing
9886235
Elevation
477 m
Azimuth
68 °
Dip
-74 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Exceptional grade tin intercept over a moderate width.

Positive factors

  • Exceptional tin grade.
  • Moderate intercept width.

Evidence · table

“14.72”

Context: 8.65

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

MNUD009Mpama North Underground · tinGrade: 1.75Grade Unit: %Intercept: 1.82 mView all details
Link to this fact

Identity

Hole ID
MNUD009
Project
Mpama North Underground
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
1.75
Grade Unit
%
Intercept
1.82 m
From
263 m
To
264.82 m
Intercept Depth
236.3 m

Classification

Program
exploration
Sample Type
drill
Group ID
MNUD009:263-264.82
Mining Method
underground

Location

Easting
582977
Northing
9886235
Elevation
477 m
Azimuth
68 °
Dip
-74 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Moderate grade tin intercept over a narrow width.

Negative factors

  • Narrow intercept width.

Evidence · table

“1.75”

Context: 1.82

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

MNUD009Mpama North Underground · tinGrade: 2.64Grade Unit: %Intercept: 3.42 mView all details
Link to this fact

Identity

Hole ID
MNUD009
Project
Mpama North Underground
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
2.64
Grade Unit
%
Intercept
3.42 m
From
266.16 m
To
269.58 m
Intercept Depth
236.3 m

Classification

Program
exploration
Sample Type
drill
Group ID
MNUD009:266.16-269.58
Mining Method
underground

Location

Easting
582977
Northing
9886235
Elevation
477 m
Azimuth
68 °
Dip
-74 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-19T00:00:00.000Z

Reasoning: Strong grade tin intercept over a moderate width.

Positive factors

  • Strong tin grade.
  • Moderate intercept width.

Evidence · table

“2.64”

Context: 3.42

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.