Alphamin Announces CAD$0.13 per Share Interim FY2026 Dividend/ Q3 Guidance/Exploration Update

Original announcement by jse on

Company
Alphamin Resources Corp.
Ticker
AFM
Exchange
JSE
Region
Democratic Republic of the Congo
Primary commodity
Tin
Secondary commodities
None reported
Document categories
Drill results, Production, Other, Metallurgy
Extracted
2026-10-06 16:06:50 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Alphamin Resources Corp. announced an interim FY2026 dividend of CAD$0.13 per share and provided a Q3 2026 operational update. The company reported consistent tin production and sales, with an increase in AISC. A highlight was an exceptional drill intercept at Mpama South, returning 19.29 metres grading 5.76% tin, the widest and highest-grade result in the current resource expansion program to date.

Reasoning: The company announced an exceptional high-grade tin intercept at Mpama South, consistent Q3 production in line with guidance, and declared an interim dividend, though it noted an increase in AISC and some drilling challenges.

Positive factors

  • consistent_production
  • dividend_declared
  • exceptional_drill_intercept

Negative factors

  • apparent_width_only
  • drilling_challenges
  • rising_costs

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

Facts used in scoring: 32

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 includes detailed QA/QC disclosure, mentioning certified reference materials, blank samples, and specific assay methods by ALS Johannesburg.

Evidence · text

“Appendix 1: SAMPLE PREPARATION, ANALYSES AND QUALITY CONTROL AND QUALITY ASSURANCE (QAQC)... 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)... 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...”

QP/CP Signedpositive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The news release states that Mr. Jeremy Witley, Pr.Sci.Nat, and Mr. Clive Brown, Pr. Eng., B.Sc. Engineering (Mining), are Qualified Persons as defined in NI 43-101 and have reviewed and approved the scientific and technical information.

Evidence · text

“Mr. Jeremy Witley, Pr.Sci.Nat, is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the exploration-related scientific and technical information contained in this news release. ... 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 remaining scientific and technical information contained in this news release.”

Certified Labpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The document explicitly names ALS Johannesburg as the laboratory for assay results.

Evidence · text

“certified assay results from ALS”

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 are not true widths.

Evidence · text

“All intercepts below are reported as apparent widths and are not true widths.”

Bonanza Interceptpositive

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

Why it applies: The intercept BGH206D2_T5 of 19.29m at 5.76% Sn is an exceptionally high-grade and wide intercept for tin, exceeding the exceptional threshold of 5% Sn.

Evidence · text

“19.29m @ 5.76% Sn”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The headline intercept is described as part of a 'resource expansion programme' and other intersections are 'proximal to the existing resource boundary'.

Evidence · text

“widest and highest-grade intercept in the current resource expansion programme at Mpama South to date”

Consistent Productionneutral · Story-specific tag

No canonical definition is currently available.

Why it applies: Contained tin production for the quarter was in line with the prior period and company forecast.

Evidence · text

“Contained tin production of 5,030 tonnes for the quarter ended September 2026 was in line with the prior period and the Company’s forecast guidance of 20,000 tonnes per annum.”

Rising Costsnegative · Story-specific tag

No canonical definition is currently available.

Why it applies: AISC per tonne of tin sold increased by 8% from the prior quarter.

Evidence · text

“Guidance for AISC per tonne of tin sold is US$20,642, up eight percent from the prior quarter.”

Dividend Declaredpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The Board has declared an interim FY2026 cash dividend of CAD$0.13 per share.

Evidence · text

“The Board has declared an interim FY2026 cash dividend of CAD$0.13 per share”

Extracted facts

Stored fact records: 32. Some facts used in scoring do not have a stored record.

Drill Results (31)

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

Grade
1.02
Grade Unit
%
Intercept
0.76 m
From
322 m
To
323 m
Intercept Depth
322 m

Classification

Sample Type
drill
Group ID
BGH189:322-323
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 1.02% over 0.76m.

Positive factors

  • moderate_grade

Negative factors

  • apparent_width_only
  • very_narrow_width

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

Grade
0.95
Grade Unit
%
Intercept
9.04 m
From
521 m
To
530 m
Intercept Depth
521 m

Classification

Sample Type
drill
Group ID
BGH191A:521-530
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 0.95% over 9.04m.

Positive factors

  • moderate_continuity_width
  • weak_grade

Negative factors

  • apparent_width_only

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

Grade
1.05
Grade Unit
%
Intercept
0.86 m
From
533 m
To
534 m
Intercept Depth
521 m

Classification

Sample Type
drill
Group ID
BGH191A:533-534
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 1.05% over 0.86m.

Positive factors

  • moderate_grade

Negative factors

  • apparent_width_only
  • very_narrow_width

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

Grade
0.92
Grade Unit
%
Intercept
4.98 m
From
533 m
To
538 m
Intercept Depth
533 m

Classification

Sample Type
drill
Group ID
BGH192:533-538
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 0.92% over 4.98m.

Positive factors

  • narrow_width
  • weak_grade

Negative factors

  • apparent_width_only

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

Grade
4.31
Grade Unit
%
Intercept
5.08 m
From
540 m
To
545 m
Intercept Depth
533 m

Classification

Sample Type
drill
Group ID
BGH192:540-545
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 4.31% over 5.08m.

Positive factors

  • narrow_width
  • strong_grade

Negative factors

  • apparent_width_only

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

Grade
4.67
Grade Unit
%
Intercept
1.81 m
From
547 m
To
548 m
Intercept Depth
533 m

Classification

Sample Type
drill
Group ID
BGH192:547-548
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 4.67% over 1.81m.

Positive factors

  • strong_grade

Negative factors

  • apparent_width_only
  • very_narrow_width

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

Grade
4.18
Grade Unit
%
Intercept
5.45 m
From
552 m
To
557 m
Intercept Depth
533 m

Classification

Sample Type
drill
Group ID
BGH192:552-557
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 4.18% over 5.45m.

Positive factors

  • narrow_width
  • strong_grade

Negative factors

  • apparent_width_only

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

Grade
0.92
Grade Unit
%
Intercept
1.94 m
From
489 m
To
491 m
Intercept Depth
489 m

Classification

Sample Type
drill
Group ID
BGH194:489-491
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 0.92% over 1.94m.

Positive factors

  • weak_grade

Negative factors

  • apparent_width_only
  • very_narrow_width

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

Grade
4.26
Grade Unit
%
Intercept
3.04 m
From
494 m
To
497 m
Intercept Depth
489 m

Classification

Sample Type
drill
Group ID
BGH194:494-497
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 4.26% over 3.04m.

Positive factors

  • narrow_width
  • strong_grade

Negative factors

  • apparent_width_only

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

Grade
1.99
Grade Unit
%
Intercept
2.83 m
From
498 m
To
501 m
Intercept Depth
489 m

Classification

Sample Type
drill
Group ID
BGH194:498-501
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 1.99% over 2.83m.

Positive factors

  • moderate_grade

Negative factors

  • apparent_width_only
  • very_narrow_width

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

Grade
1.97
Grade Unit
%
Intercept
0.88 m
From
502 m
To
503 m
Intercept Depth
489 m

Classification

Sample Type
drill
Group ID
BGH194:502-503
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 1.97% over 0.88m.

Positive factors

  • moderate_grade

Negative factors

  • apparent_width_only
  • very_narrow_width

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

Grade
2.1
Grade Unit
%
Intercept
12.94 m
From
408 m
To
421 m
Intercept Depth
408 m

Classification

Sample Type
drill
Group ID
BGH196AD1:408-421
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 2.10% over 12.94m.

Positive factors

  • moderate_continuity_width
  • strong_grade

Negative factors

  • apparent_width_only

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BGH199Mpama South · tinGrade: 1.08Grade Unit: %Intercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
BGH199
Project
Mpama South
Commodity
tin
Region
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

Grade
1.08
Grade Unit
%
Intercept
0.5 m
From
606.5 m
To
607 m
Intercept Depth
606.5 m

Classification

Sample Type
drill
Group ID
BGH199:606.5-607
Mining Method
underground

Location

Location
East Zone
Easting
583141
Northing
9884873
Elevation
783 m
Azimuth
275 °
Dip
-64 °
Loc. Confidence
high
Loc. Source
document

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 1.08% over 0.50m.

Positive factors

  • moderate_grade

Negative factors

  • apparent_width_only
  • very_narrow_width

Evidence · table

“1.08”

Context: 0.50

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BGH203D1Mpama South · tinGrade: 0.51Grade Unit: %Intercept: 1.35 mView all details
Link to this fact

Identity

Hole ID
BGH203D1
Project
Mpama South
Commodity
tin
Region
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

Grade
0.51
Grade Unit
%
Intercept
1.35 m
From
578 m
To
579 m
Intercept Depth
578 m

Classification

Sample Type
drill
Group ID
BGH203D1:578-579
Mining Method
underground

Location

Location
East Zone
Easting
582958
Northing
9884870
Elevation
834 m
Azimuth
277 °
Dip
-83 °
Loc. Confidence
high
Loc. Source
document

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 0.51% over 1.35m.

Positive factors

  • weak_grade

Negative factors

  • apparent_width_only
  • very_narrow_width

Evidence · table

“0.51”

Context: 1.35

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BGH204D1Mpama South · tinGrade: 1.68Grade Unit: %Intercept: 13.9 mView all details
Link to this fact

Identity

Hole ID
BGH204D1
Project
Mpama South
Commodity
tin
Region
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

Grade
1.68
Grade Unit
%
Intercept
13.9 m
From
524.4 m
To
538.3 m
Intercept Depth
524.4 m

Classification

Sample Type
drill
Group ID
BGH204D1:524.4-538.3
Mining Method
underground

Location

Location
East Zone
Easting
583092
Northing
9884805
Elevation
783 m
Azimuth
275 °
Dip
-66 °
Loc. Confidence
high
Loc. Source
document

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 1.68% over 13.90m.

Positive factors

  • moderate_continuity_width
  • moderate_grade

Negative factors

  • apparent_width_only

Evidence · table

“1.68”

Context: 13.90

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BGH204D1Mpama South · tinGrade: 0.89Grade Unit: %Intercept: 0.25 mView all details
Link to this fact

Identity

Hole ID
BGH204D1
Project
Mpama South
Commodity
tin
Region
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

Grade
0.89
Grade Unit
%
Intercept
0.25 m
From
541.23 m
To
541.48 m
Intercept Depth
524.4 m

Classification

Sample Type
drill
Group ID
BGH204D1:541.23-541.48
Mining Method
underground

Location

Location
East Zone
Easting
583092
Northing
9884805
Elevation
783 m
Azimuth
275 °
Dip
-66 °
Loc. Confidence
high
Loc. Source
document

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 0.89% over 0.25m.

Positive factors

  • weak_grade

Negative factors

  • apparent_width_only
  • very_narrow_width

Evidence · table

“0.89”

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BGH206D2_T5Mpama South · tinGrade: 5.76Grade Unit: %Intercept: 19.29 mView all details
Link to this fact

Identity

Hole ID
BGH206D2_T5
Project
Mpama South
Commodity
tin
Region
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

Grade
5.76
Grade Unit
%
Intercept
19.29 m
From
426.41 m
To
445.7 m
Intercept Depth
426.41 m

Classification

Sample Type
drill
Group ID
BGH206D2_T5:426.41-445.7
Mining Method
underground

Location

Location
East Zone
Easting
583074
Northing
9885127
Elevation
758 m
Azimuth
275 °
Dip
-75 °
Loc. Confidence
high
Loc. Source
document

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Exceptional tin grade over a strong continuity width, representing the widest and highest-grade intercept in the current resource expansion program.

Positive factors

  • exceptional_grade
  • moderate_continuity_width
  • step_out_extension

Negative factors

  • apparent_width_only

Evidence · table

“5.76”

Context: 19.29

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

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

Classification

Sample Type
drill
Group ID
MNUD001:36-36
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 0.97% over 0.65m.

Positive factors

  • weak_grade

Negative factors

  • apparent_width_only
  • very_narrow_width

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

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

Classification

Sample Type
drill
Group ID
MNUD002:31-31
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 0.61% over 0.25m.

Positive factors

  • weak_grade

Negative factors

  • apparent_width_only
  • very_narrow_width

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

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

Classification

Sample Type
drill
Group ID
MNUD003:55-57
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 0.60% over 2.17m.

Positive factors

  • weak_grade

Negative factors

  • apparent_width_only
  • very_narrow_width

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

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

Classification

Sample Type
drill
Group ID
MNUD003:73-73
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 1.10% over 0.35m.

Positive factors

  • moderate_grade

Negative factors

  • apparent_width_only
  • very_narrow_width

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

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

Classification

Sample Type
drill
Group ID
MNUD004:40-40
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 0.68% over 0.44m.

Positive factors

  • weak_grade

Negative factors

  • apparent_width_only
  • very_narrow_width

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

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

Classification

Sample Type
drill
Group ID
MNUD008A:248-257
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 13.63% over 9.30m.

Positive factors

  • exceptional_grade
  • moderate_continuity_width

Negative factors

  • apparent_width_only

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

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

Classification

Sample Type
drill
Group ID
MNUD008A:259-267
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 3.65% over 7.20m.

Positive factors

  • strong_grade

Negative factors

  • apparent_width_only
  • very_narrow_width

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

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

Classification

Sample Type
drill
Group ID
MNUD008A:269-277
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 3.54% over 8.04m.

Positive factors

  • moderate_continuity_width
  • strong_grade

Negative factors

  • apparent_width_only

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

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

Classification

Sample Type
drill
Group ID
MNUD009:236-246
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 41.47% over 10.10m.

Positive factors

  • exceptional_grade
  • moderate_continuity_width

Negative factors

  • apparent_width_only

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

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

Classification

Sample Type
drill
Group ID
MNUD009:249-258
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 14.72% over 8.65m.

Positive factors

  • exceptional_grade
  • moderate_continuity_width

Negative factors

  • apparent_width_only

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

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

Classification

Sample Type
drill
Group ID
MNUD009:263-265
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 1.75% over 1.82m.

Positive factors

  • moderate_grade

Negative factors

  • apparent_width_only
  • very_narrow_width

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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
south_africa
Reported Region
south_africa
Ticker
AFM

Geometry

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

Classification

Sample Type
drill
Group ID
MNUD009:266-270
Mining Method
underground

Location

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

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 2.64% over 3.42m.

Positive factors

  • narrow_width
  • strong_grade

Negative factors

  • apparent_width_only

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

MND056AD1_T1Mpama North · tinGrade: 0.72Grade Unit: %Intercept: 0.81 mView all details
Link to this fact

Identity

Hole ID
MND056AD1_T1
Project
Mpama North
Commodity
tin
Region
south_africa
Reported Region
south_africa
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

Sample Type
drill
Group ID
MND056AD1_T1:567.63-568.44
Mining Method
underground

Location

Location
East Zone
Loc. Confidence
low
Loc. Source
document

QA/QC

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

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Tin intercept of 0.72% over 0.81m.

Positive factors

  • weak_grade

Negative factors

  • apparent_width_only
  • very_narrow_width

Evidence · text

“0.81m @ 0.72% ALS Assay from 567.63m”

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

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 31View all details
Link to this fact

Identity

Ticker
AFM

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Declaration of an interim dividend of CAD$0.13 per share, totaling approximately US$120 million, indicates strong financial performance and shareholder returns.

Positive factors

  • dividend_declared

Evidence · text

“Interim FY2026 cash dividend of CAD$0.13 per share on the common shares (approximately US$120 million in the aggregate)”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metallurgical Results (1)

Fact 1Mpama SouthRecovery: 72.9 %View all details
Link to this fact

Identity

Project
Mpama South
Ticker
AFM

Recovery

Recovery
72.9 %

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Q3 2026 production and sales were consistent with prior periods and guidance, supported by strong EBITDA, though AISC increased.

Positive factors

  • consistent_production
  • strong_ebitda

Negative factors

  • rising_costs

Evidence · table

“5,030”

Context: 213,454

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.