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

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168

Original source: https://money.tmx.com/en/quote/AFM/news/8723939225843894/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo

Publisher: tmx

Original announcement: 2026-01-19T14:04:13.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas 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 factor: Record FY2025 tin production of 18,576 tonnes, up 7% from prior year.

- Positive factor: FY2026 contained tin production guidance of approximately 20,000 tonnes, an increase from FY2025.

- Positive factor: Strong tin price \(US$48,000/t\) positively impacting cash flow generation.

- Positive factor: High-grade tin intercepts from exploration drilling, including bonanza grades \(e.g., 41.47% Sn over 10.1m\).

- Positive factor: Orderly CEO transition with experienced internal promotion and new CFO appointment.

- Negative factor: Q4 processing recoveries of 73% were below the target of 75%.

- Negative factor: Exploration drilling meters disappointed at 2,811 against a target of 4,500 due to contractor issues.

- Negative factor: Ongoing elevated security risks in the North Kivu province of the DRC, which could affect operations.

- Negative factor: 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 Disclosed**

Polarity: positive

Definition: 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 Intercept**

Polarity: positive

Definition: 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 Extension**

Polarity: positive

Definition: 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)

### BGH189

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-0)

Mpama South · tin

#### 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 factor: Narrow intercept width.

Evidence · table

> 1.02

Context: 0.76

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### BGH191A

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-1)

Mpama South · tin

#### 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 factor: Moderate intercept width.

Evidence · table

> 0.95

Context: 9.04

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### BGH191A

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-2)

Mpama South · tin

#### 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 factor: Narrow intercept width.

Evidence · table

> 1.05

Context: 0.86

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### BGH192

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-3)

Mpama South · tin

#### 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 Disclosure**

Polarity: negative

Definition: 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

### BGH192

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-4)

Mpama South · tin

#### 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 factor: Strong tin grade.

- Positive factor: Moderate intercept width.

Evidence · table

> 4.31

Context: 5.08

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### BGH192

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-5)

Mpama South · tin

#### 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 factor: Strong tin grade.

- Negative factor: Narrow intercept width.

Evidence · table

> 4.67

Context: 1.81

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### BGH192

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-6)

Mpama South · tin

#### 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 factor: Strong tin grade.

- Positive factor: Moderate intercept width.

Evidence · table

> 4.18

Context: 5.45

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### BGH194

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-7)

Mpama South · tin

#### 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 factor: Narrow intercept width.

Evidence · table

> 0.92

Context: 1.94

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### BGH194

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-8)

Mpama South · tin

#### 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 factor: Strong tin grade.

- Positive factor: Moderate intercept width.

Evidence · table

> 4.26

Context: 3.04

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### BGH194

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-9)

Mpama South · tin

#### 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 factor: Narrow intercept width.

Evidence · table

> 1.99

Context: 2.83

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### BGH194

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-10)

Mpama South · tin

#### 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 factor: Very narrow intercept width.

Evidence · table

> 1.97

Context: 0.88

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### MNUD001

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-11)

Mpama North Underground · tin

#### 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 factor: Very narrow intercept width.

Evidence · table

> 0.97

Context: 0.65

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### MNUD002

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-12)

Mpama North Underground · tin

#### 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 factor: Extremely narrow intercept width.

Evidence · table

> 0.61

Context: 0.25

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### MNUD003

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-13)

Mpama North Underground · tin

#### 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 factor: Narrow intercept width.

Evidence · table

> 0.6

Context: 2.17

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### MNUD003

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-14)

Mpama North Underground · tin

#### 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 factor: Very narrow intercept width.

Evidence · table

> 1.1

Context: 0.35

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### MNUD004

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-15)

Mpama North Underground · tin

#### 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 factor: Very narrow intercept width.

Evidence · table

> 0.68

Context: 0.44

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### MNUD008A

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-16)

Mpama North Underground · tin

#### 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 factor: Exceptional tin grade.

- Positive factor: Moderate intercept width.

Evidence · table

> 13.63

Context: 9.3

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### MNUD008A

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-17)

Mpama North Underground · tin

#### 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 factor: Strong tin grade.

- Positive factor: Moderate intercept width.

Evidence · table

> 3.65

Context: 7.2

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### MNUD008A

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-18)

Mpama North Underground · tin

#### 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 factor: Strong tin grade.

- Positive factor: Moderate intercept width.

Evidence · table

> 3.54

Context: 8.04

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### MNUD009

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-19)

Mpama North Underground · tin

#### 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 factor: Bonanza tin grade.

- Positive factor: Moderate intercept width.

Evidence · table

> 41.47

Context: 10.1

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### MNUD009

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-20)

Mpama North Underground · tin

#### 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 factor: Exceptional tin grade.

- Positive factor: Moderate intercept width.

Evidence · table

> 14.72

Context: 8.65

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### MNUD009

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-21)

Mpama North Underground · tin

#### 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 factor: Narrow intercept width.

Evidence · table

> 1.75

Context: 1.82

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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

### MNUD009

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-fy2025-tin-production-fy2026-production-guidance-explo--b58e2c8a-9e18-43da-a6b2-a4c6538de168#fact-drill-facts-22)

Mpama North Underground · tin

#### 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 factor: Strong tin grade.

- Positive factor: Moderate intercept width.

Evidence · table

> 2.64

Context: 3.42

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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.