[SMM Tin Flash] Alphamin Q2 2026 Update: Record US$167M EBITDA and Steady 20,000tpa Tin Production Run-Rate

Alongside its strong financial performance, Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX) announced significant breakthroughs in its ongoing exploration and drilling programs during the second quarter of 2026. The company completed a total of 5,547 meters of drilling, focusing heavily on deep resource extensions that have yielded highly promising results. At the Mpama North site, where 1,893 meters were drilled, the exploration team achieved a critical milestone. They successfully intersected a zone of intense chlorite alteration containing visible cassiterite mineralization at a vertical depth of approximately 610 meters. Although this specific vein was thin, it represents the deepest cassiterite intersection recorded at Mpama North to date, providing concrete evidence that the tin mineralizing system remains open and extends significantly deep below the surface. Parallel drilling efforts at the Mpama South site, totaling 3,654 meters, also delivered excellent results. This campaign specifically targeted depth extensions of the defined resource, with three out of the five completed holes successfully intercepting visible cassiterite. The standout discovery came from hole BGH206D2_T5, which revealed significant visible tin mineralization alongside intense chlorite and sulphide alteration between depths of 426.41 meters and 445.70 meters down-hole, marking it as the most critical new intersection of the current exploration program. Alphamin is advancing several key future initiatives to map and extend its resources. A comprehensive Versatile Time Domain Electromagnetic (VTEM) airborne survey covering the full license area was completed in mid-June, with data interpretation expected in the third quarter to help identify massive sulphides and isolate advanced drill targets. Additionally, a massive soil geochemical campaign is currently underway, planning to collect 13,000 samples over the next six months to test adjacent geological settings. Ultimately, these extensive exploration efforts will culminate in an updated comprehensive Resources and Reserves estimate, which remains on track for release in the fourth quarter of 2026.

Indonesia's Ministry of Trade data showed that refined tin exports in June totaled 2,999.54 mt, down 7.60% MoM from 3,246.06 mt in May, and down 32.82% YoY.

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