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

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc

Original source: https://money.tmx.com/en/quote/AFM/news/8243748849254399/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat

Publisher: tmx

Original announcement: 2026-07-13T21:01:00.000Z

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, Metallurgy

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

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas 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 factor: Record EBITDA guidance

- Positive factor: Tin production in line with target

- Positive factor: High-grade tin intercepts reported

- Positive factor: Confirmation of mineralization at depth

- Positive factor: QA/QC procedures disclosed and QP signed off

- Negative factor: Slight decrease in processing recovery

- Negative factor: Increase in All-In Sustaining Costs \(AISC\)

- Negative factor: Some drill holes with no significant intercepts

- Negative factor: True width of mineralization unknown for all intercepts

- Negative factor: 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 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 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 Only**

Polarity: negative

Definition: 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 Disclosed**

Polarity: positive

Story-specific tag

Definition: 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 Present**

Polarity: negative

Definition: 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 Intercept**

Polarity: positive

Definition: 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 Intercept**

Polarity: positive

Definition: 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 Extension**

Polarity: positive

Definition: 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 Route**

Polarity: neutral

Definition: 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)

### BGH189

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-5)

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: 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 factor: Narrow intercept length

- Negative factor: True width unknown

Evidence · table

> 1.02

Context: 0.76

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### BGH191A

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-6)

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 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 factor: True width unknown

Evidence · table

> 0.95

Context: 9.04

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### BGH191A

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-7)

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 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 factor: Narrow intercept length

- Negative factor: True width unknown

Evidence · table

> 1.05

Context: 0.86

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### BGH192

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-8)

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: 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 factor: True width unknown

Evidence · table

> 0.92

Context: 4.98

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### BGH192

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-9)

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: 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 factor: High-grade tin intercept

- Negative factor: True width unknown

Evidence · table

> 4.31

Context: 5.08

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### BGH192

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-10)

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: 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 factor: High-grade tin intercept

- Negative factor: Narrow intercept length

- Negative factor: True width unknown

Evidence · table

> 4.67

Context: 1.81

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### BGH192

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-11)

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: 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 factor: High-grade tin intercept

- Negative factor: True width unknown

Evidence · table

> 4.18

Context: 5.45

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### BGH194

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-12)

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 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 factor: Narrow intercept length

- Negative factor: True width unknown

Evidence · table

> 0.92

Context: 1.94

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### BGH194

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-13)

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 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 factor: High-grade tin intercept

- Negative factor: True width unknown

Evidence · table

> 4.26

Context: 3.04

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### BGH194

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-14)

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 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 factor: True width unknown

Evidence · table

> 1.99

Context: 2.83

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### BGH194

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-15)

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 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 factor: Narrow intercept length

- Negative factor: True width unknown

Evidence · table

> 1.97

Context: 0.88

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### BGH196AD1

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-16)

Mpama South · tin

#### 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 factor: Significant intercept length and good grade

- Negative factor: True width unknown

- Negative factor: Previously disclosed

Evidence · table

> 2.10

Context: 12.94

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### MNUD001

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-17)

Mpama North · tin

#### 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 factor: Narrow intercept length

- Negative factor: True width unknown

Evidence · table

> 0.97

Context: 0.65

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### MNUD002

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-18)

Mpama North · tin

#### 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 factor: Very narrow intercept length

- Negative factor: True width unknown

Evidence · table

> 0.61

Context: 0.25

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### MNUD003

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-19)

Mpama North · tin

#### 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 factor: True width unknown

Evidence · table

> 0.60

Context: 2.17

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### MNUD003

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-20)

Mpama North · tin

#### 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 factor: Very narrow intercept length

- Negative factor: True width unknown

Evidence · table

> 1.10

Context: 0.35

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### MNUD004

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-21)

Mpama North · tin

#### 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 factor: Very narrow intercept length

- Negative factor: True width unknown

Evidence · table

> 0.68

Context: 0.44

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### MNUD008A

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-22)

Mpama North · tin

#### 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 factor: Exceptional grade tin intercept

- Positive factor: Significant intercept length

- Negative factor: True width unknown

Evidence · table

> 13.63

Context: 9.30

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### MNUD008A

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-23)

Mpama North · tin

#### 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 factor: High-grade tin intercept

- Positive factor: Significant intercept length

- Negative factor: True width unknown

Evidence · table

> 3.65

Context: 7.20

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### MNUD008A

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-24)

Mpama North · tin

#### 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 factor: High-grade tin intercept

- Positive factor: Significant intercept length

- Negative factor: True width unknown

Evidence · table

> 3.54

Context: 8.04

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### MNUD009

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-25)

Mpama North · tin

#### 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 factor: Bonanza Intercept

- Positive factor: Exceptional grade tin intercept

- Positive factor: Significant intercept length

- Negative factor: True width unknown

Evidence · table

> 41.47

Context: 10.10

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### MNUD009

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-26)

Mpama North · tin

#### 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 factor: Exceptional grade tin intercept

- Positive factor: Significant intercept length

- Negative factor: True width unknown

Evidence · table

> 14.72

Context: 8.65

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### MNUD009

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-27)

Mpama North · tin

#### 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 factor: Narrow intercept length

- Negative factor: True width unknown

Evidence · table

> 1.75

Context: 1.82

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### MNUD009

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-28)

Mpama North · tin

#### 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 factor: True width unknown

Evidence · table

> 2.64

Context: 3.42

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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 Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### MND056AD1\_T1

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-drill-facts-29)

Mpama North · tin

Historical result

Needs review: historical\_restatement

#### 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 factor: Narrow intercept length

- Negative factor: True width unknown

- Negative factor: Previously disclosed

Evidence · text

> 0.81m @ 0.72% Sn from 567.63m to 568.44m

#### Tags used in scoring

**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: qaqc\_disclosed is true

**Deleterious Elements Present**

Polarity: negative

Definition: 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-release**

Polarity: negative

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

Why it applies: the fact restates a prior release

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

## Metallurgical Results (1)

### Fact 1

[Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q2-ebitda-guidance-of-us-167-million-exploration-updat--04591b33-2bd9-4395-8f52-b74a5d9d51dc#fact-metallurgical-facts-4)

tin

#### 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 factor: 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.