ALPHAMIN ANNOUNCES RECORD Q2 EBITDA GUIDANCE OF US$167 MILLION/EXPLORATION UPDATE

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, Metallurgy
Extracted
2026-09-13 10:39:07 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Alphamin announced record Q2 2026 EBITDA guidance of US$167 million, a 6% increase from the prior quarter, with tin production meeting targets. The company reported mixed exploration results from Mpama North and South, including several high-grade tin intercepts and confirmation of mineralization at depth, though many new visible intercepts are awaiting assay results. All-In Sustaining Costs increased due to higher royalties, export duties, and fuel prices, while processing recoveries slightly decreased due to higher sulphide levels in the ore.

Reasoning: Alphamin reported record Q2 EBITDA and production in line with targets, indicating strong operational performance. Exploration drilling yielded several high-grade tin intercepts and confirmed depth extension of mineralization, which is positive for future resource potential. However, processing recovery dipped slightly due to sulphide interference, and AISC increased. The lack of true width disclosure and pending assay results for new visible mineralization introduce some uncertainty.

Positive factors

  • Record EBITDA guidance
  • Tin production in line with target
  • High-grade tin intercepts reported
  • Confirmation of mineralization at depth
  • QA/QC procedures disclosed and QP signed off

Negative factors

  • Slight decrease in processing recovery
  • Increase in All-In Sustaining Costs (AISC)
  • Some drill holes with no significant intercepts
  • True width of mineralization unknown for all intercepts
  • Assay results pending for several visible mineralization observations

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

Facts used in scoring: 30

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 mentions the insertion of certified reference material and blank samples, and that no significant issues were noted with QA/QC samples. It also names Anchem and ALS Johannesburg as laboratories and states that Mr. Clive Brown and Mr. Jeremy Witley are Qualified Persons who reviewed and approved the scientific and technical information.

Evidence · text

“insertion of various certified reference material and blank samples (QAQC). No significant issues with the QAQC samples were noted. At the on-site ABM laboratory (managed by Anchem), samples were first checked off against the submission list supplied and then weighed and oven dried for 2 hours at 105 degrees Celsius. The dried samples were crushed by jaw crusher to 75% passing 2mm, from which a 250g riffle split was taken. This 250g split was pulverised in ring mills to 90% passing 75μm from which a sample for analysis was taken. Received samples at ALS Johannesburg are checked off against the list of samples supplied and logged in the system. Quality Control is performed by way of sieve tests every 50 samples and should a sample fail, the preceding 50 samples are ground in a ring mill pulveriser using a carbon steel ring set to 85 % passing 75μm. Samples are analysed for tin using method code ME-XRF05 conducted on a pressed pellet with 10% precision and an upper limit of 5,000ppm. The over-limit tin samples are analysed as fused disks according to method ME-XRF15c, which makes use of pre-oxidation and decomposition by fusion with 12:22 lithium borate flux containing 20% Sodium Nitrate as an oxidizing agent, with an upper detection limit of 79% Sn. 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 other than in the section “Exploration update” and Appendices 1 and 2. He is a Principal Consultant and Director of Bara Consulting Pty Limited, an independent technical consultant to the Company. 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 Appendices 1 and 2. He is Head of Mineral Resources at the MSA Group (Pty) Ltd and is an independent technical consultant to the Company.”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The document explicitly states that all intercepts are reported as apparent widths and true widths are unknown.

Evidence · text

“All intercepts are reported as apparent widths and true widths of the mineralisation are unknown.”

Cut-off Disclosedpositive · Story-specific tag

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The document states that significant intercepts are reported using a 0.5% Sn lower threshold.

Evidence · text

“SIGNIFICANT INTERCEPTS (0.5% Sn lower threshold)”

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: The document mentions that metal sulphides are above average levels, interfering with the gravity circuit, and notes the proximity of tin mineralization to sulphide mineralization and intense chlorite and sulphide alteration.

Evidence · text

“The metal sulphides in the current mining area are above average levels, and this resulted in excessive near gravity material interfering with the efficiency of the gravity circuit. Proximity of the tin mineralisation to sulphide mineralisation has been noted whereby the sulphides tend to occur above the cassiterite zone. Visible cassiterite mineralisation observed over 17.48 meters, with intense chlorite and sulphide alteration”

Bonanza Interceptpositive

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

Why it applies: The intercept of 10.10m at 41.47% Sn in MNUD009 is exceptionally high-grade for tin.

Evidence · table

“41.47”

Context: 10.10

Bonanza Interceptpositive

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

Why it applies: The intercept of 8.65m at 14.72% Sn in MNUD009 is exceptionally high-grade for tin.

Evidence · table

“14.72”

Context: 8.65

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The MND057D2_T7 hole confirmed that the tin mineralising system extends to at least 610m vertical depth below surface, which is the deepest cassiterite intersection recorded at Mpama North to date.

Evidence · text

“Although thin, this is the deepest cassiterite intersection recorded at Mpama North to date, confirming that the tin mineralising system extends to at least this depth below surface.”

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route ("gravity")

Extracted facts

Stored fact records: 26. Some facts used in scoring do not have a stored record.

Drill Results (25)

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
323 m
Intercept Depth
322 m

Classification

Program
mixed
Sample Type
drill
Group ID
BGH189:322-323
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A narrow intercept of 0.76m at 1.02% Sn was reported, which is above the cutoff grade but not highly material due to its limited width.

Negative factors

  • Narrow intercept length
  • True width unknown

Evidence · table

“1.02”

Context: 0.76

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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 m
To
530 m
Intercept Depth
521 m

Classification

Program
mixed
Sample Type
drill
Group ID
BGH191A:521-530
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A moderate-width intercept of 9.04m at 0.95% Sn was reported, indicating continued mineralization.

Negative factors

  • True width unknown

Evidence · table

“0.95”

Context: 9.04

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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 m
To
534 m
Intercept Depth
521 m

Classification

Program
mixed
Sample Type
drill
Group ID
BGH191A:533-534
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A narrow intercept of 0.86m at 1.05% Sn was reported, which is above the cutoff grade but not highly material due to its limited width.

Negative factors

  • Narrow intercept length
  • True width unknown

Evidence · table

“1.05”

Context: 0.86

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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
533 m
To
538 m
Intercept Depth
533 m

Classification

Program
mixed
Sample Type
drill
Group ID
BGH192:533-538
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A moderate-width intercept of 4.98m at 0.92% Sn was reported, indicating continued mineralization.

Negative factors

  • True width unknown

Evidence · table

“0.92”

Context: 4.98

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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
540 m
To
545 m
Intercept Depth
533 m

Classification

Program
mixed
Sample Type
drill
Group ID
BGH192:540-545
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A strong intercept of 5.08m at 4.31% Sn was reported, indicating significant tin mineralization.

Positive factors

  • High-grade tin intercept

Negative factors

  • True width unknown

Evidence · table

“4.31”

Context: 5.08

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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
547 m
To
548 m
Intercept Depth
533 m

Classification

Program
mixed
Sample Type
drill
Group ID
BGH192:547-548
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A narrow but high-grade intercept of 1.81m at 4.67% Sn was reported, indicating significant tin mineralization.

Positive factors

  • High-grade tin intercept

Negative factors

  • Narrow intercept length
  • True width unknown

Evidence · table

“4.67”

Context: 1.81

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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
552 m
To
557 m
Intercept Depth
533 m

Classification

Program
mixed
Sample Type
drill
Group ID
BGH192:552-557
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A strong intercept of 5.45m at 4.18% Sn was reported, indicating significant tin mineralization.

Positive factors

  • High-grade tin intercept

Negative factors

  • True width unknown

Evidence · table

“4.18”

Context: 5.45

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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 m
To
491 m
Intercept Depth
489 m

Classification

Program
mixed
Sample Type
drill
Group ID
BGH194:489-491
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A narrow intercept of 1.94m at 0.92% Sn was reported, which is above the cutoff grade but not highly material due to its limited width.

Negative factors

  • Narrow intercept length
  • True width unknown

Evidence · table

“0.92”

Context: 1.94

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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 m
To
497 m
Intercept Depth
489 m

Classification

Program
mixed
Sample Type
drill
Group ID
BGH194:494-497
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A moderate-width, high-grade intercept of 3.04m at 4.26% Sn was reported, indicating significant tin mineralization.

Positive factors

  • High-grade tin intercept

Negative factors

  • True width unknown

Evidence · table

“4.26”

Context: 3.04

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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 m
To
501 m
Intercept Depth
489 m

Classification

Program
mixed
Sample Type
drill
Group ID
BGH194:498-501
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A moderate-width intercept of 2.83m at 1.99% Sn was reported, indicating continued mineralization.

Negative factors

  • True width unknown

Evidence · table

“1.99”

Context: 2.83

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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 m
To
503 m
Intercept Depth
489 m

Classification

Program
mixed
Sample Type
drill
Group ID
BGH194:502-503
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A narrow intercept of 0.88m at 1.97% Sn was reported, which is above the cutoff grade but not highly material due to its limited width.

Negative factors

  • Narrow intercept length
  • True width unknown

Evidence · table

“1.97”

Context: 0.88

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

BGH196AD1Mpama South · tinGrade: 2.1Grade Unit: %Intercept: 12.94 mView all details
Link to this fact

Identity

Hole ID
BGH196AD1
Project
Mpama South
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
2.1
Grade Unit
%
Intercept
12.94 m
From
407.84 m
To
420.78 m
Intercept Depth
407.84 m

Classification

Program
mixed
Sample Type
drill
Group ID
BGH196AD1:407.84-420.78
Mining Method
unknown

Location

Easting
583166
Northing
9885210
Elevation
720 m
Azimuth
265 °
Dip
-56 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A significant intercept of 12.94m at 2.10% Sn was reported from a previously disclosed hole, confirming good mineralization.

Positive factors

  • Significant intercept length and good grade

Negative factors

  • True width unknown
  • Previously disclosed

Evidence · table

“2.10”

Context: 12.94

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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

Identity

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

Geometry

Grade
0.97
Grade Unit
%
Intercept
0.65 m
From
36 m
To
36 m
Intercept Depth
36 m

Classification

Program
mixed
Sample Type
drill
Group ID
MNUD001:36-36
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A narrow intercept of 0.65m at 0.97% Sn was reported, which is above the cutoff grade but not highly material due to its limited width.

Negative factors

  • Narrow intercept length
  • True width unknown

Evidence · table

“0.97”

Context: 0.65

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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

Identity

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

Geometry

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

Classification

Program
mixed
Sample Type
drill
Group ID
MNUD002:31-31
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A very narrow intercept of 0.25m at 0.61% Sn was reported, which is above the cutoff grade but not highly material due to its limited width.

Negative factors

  • Very narrow intercept length
  • True width unknown

Evidence · table

“0.61”

Context: 0.25

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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

Identity

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

Geometry

Grade
0.6
Grade Unit
%
Intercept
2.17 m
From
55 m
To
57 m
Intercept Depth
55 m

Classification

Program
mixed
Sample Type
drill
Group ID
MNUD003:55-57
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A narrow intercept of 2.17m at 0.60% Sn was reported, which is above the cutoff grade but not highly material due to its limited width.

Negative factors

  • True width unknown

Evidence · table

“0.60”

Context: 2.17

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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

Identity

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

Geometry

Grade
1.1
Grade Unit
%
Intercept
0.35 m
From
73 m
To
73 m
Intercept Depth
55 m

Classification

Program
mixed
Sample Type
drill
Group ID
MNUD003:73-73
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A very narrow intercept of 0.35m at 1.10% Sn was reported, which is above the cutoff grade but not highly material due to its limited width.

Negative factors

  • Very narrow intercept length
  • True width unknown

Evidence · table

“1.10”

Context: 0.35

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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

Identity

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

Geometry

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

Classification

Program
mixed
Sample Type
drill
Group ID
MNUD004:40-40
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A very narrow intercept of 0.44m at 0.68% Sn was reported, which is above the cutoff grade but not highly material due to its limited width.

Negative factors

  • Very narrow intercept length
  • True width unknown

Evidence · table

“0.68”

Context: 0.44

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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

Identity

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

Geometry

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

Classification

Program
mixed
Sample Type
drill
Group ID
MNUD008A:248-257
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: An exceptional intercept of 9.30m at 13.63% Sn was reported, indicating very high-grade tin mineralization.

Positive factors

  • Exceptional grade tin intercept
  • Significant intercept length

Negative factors

  • True width unknown

Evidence · table

“13.63”

Context: 9.30

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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

Identity

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

Geometry

Grade
3.65
Grade Unit
%
Intercept
7.2 m
From
259 m
To
267 m
Intercept Depth
248 m

Classification

Program
mixed
Sample Type
drill
Group ID
MNUD008A:259-267
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A strong intercept of 7.20m at 3.65% Sn was reported, indicating significant tin mineralization.

Positive factors

  • High-grade tin intercept
  • Significant intercept length

Negative factors

  • True width unknown

Evidence · table

“3.65”

Context: 7.20

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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

Identity

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

Geometry

Grade
3.54
Grade Unit
%
Intercept
8.04 m
From
269 m
To
277 m
Intercept Depth
248 m

Classification

Program
mixed
Sample Type
drill
Group ID
MNUD008A:269-277
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A strong intercept of 8.04m at 3.54% Sn was reported, indicating significant tin mineralization.

Positive factors

  • High-grade tin intercept
  • Significant intercept length

Negative factors

  • True width unknown

Evidence · table

“3.54”

Context: 8.04

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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

Identity

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

Geometry

Grade
41.47
Grade Unit
%
Intercept
10.1 m
From
236 m
To
246 m
Intercept Depth
236 m

Classification

Program
mixed
Sample Type
drill
Group ID
MNUD009:236-246
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: An exceptional bonanza intercept of 10.10m at 41.47% Sn was reported, indicating extremely high-grade tin mineralization.

Positive factors

  • Bonanza Intercept
  • Exceptional grade tin intercept
  • Significant intercept length

Negative factors

  • True width unknown

Evidence · table

“41.47”

Context: 10.10

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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

Identity

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

Geometry

Grade
14.72
Grade Unit
%
Intercept
8.65 m
From
249 m
To
258 m
Intercept Depth
236 m

Classification

Program
mixed
Sample Type
drill
Group ID
MNUD009:249-258
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: An exceptional intercept of 8.65m at 14.72% Sn was reported, indicating very high-grade tin mineralization.

Positive factors

  • Exceptional grade tin intercept
  • Significant intercept length

Negative factors

  • True width unknown

Evidence · table

“14.72”

Context: 8.65

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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

Identity

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

Geometry

Grade
1.75
Grade Unit
%
Intercept
1.82 m
From
263 m
To
265 m
Intercept Depth
236 m

Classification

Program
mixed
Sample Type
drill
Group ID
MNUD009:263-265
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A narrow intercept of 1.82m at 1.75% Sn was reported, which is above the cutoff grade but not highly material due to its limited width.

Negative factors

  • Narrow intercept length
  • True width unknown

Evidence · table

“1.75”

Context: 1.82

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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

Identity

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

Geometry

Grade
2.64
Grade Unit
%
Intercept
3.42 m
From
266 m
To
270 m
Intercept Depth
236 m

Classification

Program
mixed
Sample Type
drill
Group ID
MNUD009:266-270
Mining Method
unknown

Location

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

QA/QC

Laboratory
Anchem and ALS Johannesburg
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A moderate-width intercept of 3.42m at 2.64% Sn was reported, indicating continued mineralization.

Negative factors

  • True width unknown

Evidence · table

“2.64”

Context: 3.42

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

MND056AD1_T1Mpama North · tinGrade: 0.72Grade Unit: %Intercept: 0.81 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
MND056AD1_T1
Project
Mpama North
Commodity
tin
Region
drc
Reported Region
drc
Ticker
AFM

Geometry

Grade
0.72
Grade Unit
%
Intercept
0.81 m
From
567.63 m
To
568.44 m
Intercept Depth
567.63 m

Classification

Program
mixed
Sample Type
drill
Group ID
MND056AD1_T1:567.63-568.44
Mining Method
unknown

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes

Compositing

Cutoff Grade
0.5
Cutoff Unit
%

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: A narrow intercept of 0.81m at 0.72% Sn was reported from a previously disclosed hole, which is above the cutoff grade but not highly material due to its limited width.

Negative factors

  • Narrow intercept length
  • True width unknown
  • Previously disclosed

Evidence · text

“0.81m @ 0.72% Sn from 567.63m to 568.44m”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Metallurgical Results (1)

Fact 1tinRecovery: 72.8 %View all details
Link to this fact

Identity

Commodity
tin
Region
drc
Reported Region
Democratic Republic of Congo
Ticker
AFM

Recovery

Recovery
72.8 %
Recovery Basis
actual_test

Reagents

Reagent Notes
metal sulphides in the current mining area are above average levels, and this resulted in excessive near gravity material interfering with the efficiency of the gravity circuit

Lab

Laboratory
Anchem and ALS Johannesburg
Consultant
Bara Consulting Pty Limited and MSA Group (Pty) Ltd

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-13T00:00:00.000Z

Reasoning: Overall plant recovery decreased by 2% due to higher levels of metal sulphides in the ore, which interfered with the gravity circuit efficiency.

Negative factors

  • Processing recovery decreased due to higher sulphide levels interfering with gravity circuit

Evidence · table

“72.8”

Context: Overall Plant Recovery

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.