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Bullboard - Stock Discussion Forum
Eloro Resources Ltd
ELRRF
Primary Symbol:
T.ELO
Metals & Mining
Industrial Metals & Minerals
Eloro Resources Ltd. is a Canada-based exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. It is focused on developing its potential Iska Iska silver-tin polymetallic property in the Potosi Department of southern Bolivia. The Iska Iska Porvenir Concession is a road accessible, royalty-free property that covers an area of 900...
hectares located 48-kilometer (km) north of Tupiza city, in the Sud Chichas Province of the Department of Potosi. It also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing over 89 square kilometers. La Victoria has infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.
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TSX:ELO - Post Discussion
Eloro Resources Ltd
> tin man
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Post by
likeike
on Apr 17, 2021 8:20pm
tin man
Tin may not possess the lustre of its precious metals’ cousins, but it does have versatility and a market squeeze that currently catapulted it into one of the highest in-demand metals market categories.
Today, the base metal’s three-month price is currently trading around USD$25,500 per tonne. Tin remains the outperformer of the London Metal Exchange (LME) base metals pack – up about 25% on the start of the year. Alphamin’s contained tin sales came in at 3,351 tonnes for Q1 2021, or 45% higher than the previous quarter. For metals & mining investors, tin looks like a win moving forward into 2021.
And this is the domain of industrial need that Mauritius-based
Alphamin Resources Corp. (AFM)
(
TSX-V.AFM
,
OTCMKTS: AFMJF
,
Forum
) is meeting…and exceeding.
The greatest drivers for tin demand will be the ‘Internet of Things’ and climate change.
A rising global industry leader – Alphamin is the second largest tin producer outside of China – a low-cost, high-grade tin concentrate producer from its deposit at Mpama North in the North Kivu Province of the Democratic Republic of Congo (DRC). At a tin grade of approximately 4.5%, Mpama North is the world’s highest-grade tin resource – about four times higher than most other operating tin mines in the world.
Currently, tin is primarily used for soldering circuit boards, but researchers and scientists predict that tin will be the material of choice for the next generation of energy-generating and storage devices while being the “glue” that holds all of these components together. This will continue to make tin a vital and strategic component in the manufacturing of electric vehicles, advanced robotics, renewable energies, and advanced computing.
(Click image to enlarge)
In the News
It is the Company’s latest round of financial performance and importantly exciting progress in its exploration initiatives that investors should be keenly aware of. On
April 9
th
, the Company released its operational and growth update for the quarter ending March 2021. And the results are head-turning.
Highlights:
Q1 EBITDA guidance of $36.5 million, which would be a new quarterly record, at a tin price of $23,083/t (Current: approximately $25,000/t).
Tin sales of 3,351 tons, up 45% from the previous quarter.
Main Zone mineralisation intercepted at the adjacent Mpama South deposit, based on visual inspection and interpretation, is comparable to the Resource mined at the high grade Mpama North Mine.
New parallel mineralisation zone discovered in the footwall of the Main Zone at Mpama South.
Fine tin recovery plant on schedule for commissioning during June 2021.
Operational and Financial Summary for the Quarter ended March 2021
2
Description
Units
Actual
Quarter
ended March
2021
Quarter
ended
December
2020
Variance
Tons Processed
Tons
93,997
93,560
0
%
Tin Grade Processed
% Sn
3.8
4.2
-9
%
Overall Plant Recovery
%
74
74
-0
%
Contained Tin Produced
Tons
2,611
2,898
-10
%
Contained Tin Sold
Tons
3,351
2,306
45
%
EBITDA (Q1 2021 guidance)
US$'000
36,500
3
16,748
118
%
Tin Price Achieved
US$/t
23,083
18,497
25
%
__________________________________________________________________
1
Data obtained from International Tin Association Tin Industry Review 2020.
2
Production information is disclosed on a 100% basis. Alphamin indirectly owns 84.14% of its operating subsidiary to which the information relates.
3
Q1 2021 EBITDA represents management’s guidance
INVESTOR NOTE: Management’s interpretation of recently drilled core at the adjacent Mpama South deposit is rising the prospects of a look-alike to the current high grade mine. All completed holes have shown visual mineralization supporting continuity of the Main Zone system.
Assay results from export samples related to 21 of the 25 holes in Phase 1 drilling are expected by June 2021. And there is more – a couple of highly prospective targets on the 13km Alphamin ridge have been identified for drilling later this year. Could there be a second, third and fourth orebody? Certainly, this could make Alphamin the most relevant tin producer in the world.
About the Company
Alphamin Resources Corp is a Mauritius-based company. It is engaged in the business of producing tin from its Bisie mine in the North Kivu province of the Democratic Republic of Congo.
The Company’s management team has successfully developed and brought the Bisie tin mine to targeted production levels, ahead of its technical report released early 2020 and is focused on taking the business to the next level. The team say they are never satisfied with the status quo and continues to grow production while, importantly, initiating drilling activities to prove that its license area represents one of the world’s most significant tin complexes. And that together with tin being pro-technology, this makes for a great business proposition.
Alphamin - Bisie Tin Mine (DRC) Development Timeline
I
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Comment by
likeike
on Apr 17, 2021 8:21pm
https://youtu.be/pLJFrEgLt5Y video
(2483)
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Comment by
likeike
on Apr 17, 2021 9:45pm
ogny u left out the solder min. 45 HQ comments https://youtu.be/jJszAJqa2Wg So far we have high grade (over 120gr/ton Ag. eq.) defind by: underground hole DHK 15 https://www.globenewswire.com/NewsRoom/AttachmentNg/8254aea2-9fb8-4b9f-8f5c-e3ea1a665d93 And hole DSB 03 - bottom of the hole 85m-120gr goes down from the high grade channel which gives 170m. AT 444gr/ton Ag. eq. And the channel itself
...more
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