Alphamin's Record Tin Production and Bright Prospects for FY2025

Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX) has announced record tin production for the full year (FY) 2024 and the fourth quarter (Q4) 2024, marking a significant milestone for the company. The strong performance was driven by several key factors, including the completion of the Mpama South expansion, increased ore processing volumes, improved plant recoveries, and positive exploration results. As the company looks ahead to FY2025, it has set a production guidance of approximately 20,000 tonnes of contained tin, indicating continued growth and optimism.

Alphamin's FY2024 tin production of 17,324 tonnes was a 38% increase from the prior year, while Q4 2024 production reached 5,237 tonnes, a 7% increase from the previous quarter. The company's operational and financial performance was exceptional, with overall plant recoveries averaging 75% during Q4 2024, above the target of 73%. For the full year, the Company produced 17,324 tonnes of contained tin, within the guidance range of 17,000 to 18,000 tonnes. This increase was a result of production from the Mpama South expansion, which was completed during Q2 2024.



The company's exploration strategy focuses on three key objectives: increasing the Mpama North and Mpama South resource base and life of mine, discovering the next tin deposit in close proximity to the Bisie mine, and ongoing grassroots exploration in search of remote tin deposits on the large prospective land package. Exploration drilling at Mpama North and Mpama South re-commenced during Q4 2024, with positive results indicating the potential for further resource expansion and life of mine extension.

Alphamin's FY2025 production guidance of approximately 20,000 tonnes of contained tin is expected to benefit from the Mpama South expansion, increased ore processing volumes, and positive exploration results. The company's strong operational performance, combined with the expected benefits from the Mpama South expansion, contributes to the increased production guidance for FY2025. As Alphamin continues to execute on its strategic plan, investors can expect the company to deliver on its growth objectives and create value for shareholders.

In conclusion, Alphamin's record tin production in FY2024 and Q4 2024, driven by the completion of the Mpama South expansion, increased ore processing volumes, improved plant recoveries, and positive exploration results, positions the company for continued growth in FY2025. With a production guidance of approximately 20,000 tonnes of contained tin, Alphamin is well on its way to achieving its strategic objectives and creating value for shareholders.