Alphamin Resources Corp. · TSXV:AFM

Alphamin Resources — Investor Presentation (March 2022)

17 slides from Alphamin Resources's investor presentation, March 2022

1. Slide 1: Investor Presentation March 2022

   TSXV：AFM AltX：APH INVESTOR PRESENTATION March 2022 ©Alphamin 2022 | Investor Presentation | March 2022

2. Slide 2: Disclaimer

   DISCLAIMER This Investor Presentation (the “Presentation") was prepared as a summary overview only of the current affairs of Alphamin Resources Corp. (”Alphamin" or the “Company") and was not prepared for the purpose of assisting prospective investors in making a decision to invest in Alphamin. Alph

3. Slide 3: Disclaimer

   DISCLAIMER Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those express

4. Slide 4: Disclaimer: Use of Non-IFRS Financial Performance Measures

   DISCLAIMER USE OF NON-IFRS FINANCIAL PERFORMANCE MEASURES This Presentation refers to the following non-IFRS financial performance measures: Earnings before interest, taxes, depreciation and amortization (“EBITDA”) and All-In Sustaining Cost (“AISC”). These measures are not recognized under IFRS as

5. Slide 5: Corporate Overview

   CORPORATE OVERVIEW Company overview Market Statistics at 8 March 2022  Bisie tin mine located in the resource rich Democratic Republic of Congo Share price C$1,12 (DRC) Market capitalization C$1,4bn (US$1,1bn)  Currently producing 4% of the world’s mined tin² Shares outstanding 1,3bn  Low-cost pr

6. Slide 6: Key Milestones Achieved

   KEY MILESTONES ACHIEVED Exploration to production in less than 6 years – now targeting production expansion and resource extensions Q4 EBITDA US$74m (US$300m annualized) Secured project Commercial Production Mpama South Anchor investors finance and production of 3kt Sn Resource secured construction

7. Slide 7: Value Proposition

   VALUE PROPOSITION Pure tin play • The forgotten critical mineral • Everywhere in electronics and green energy – but nowhere to be seen • Metal most impacted by new technology¹ • Market in deficit – Alphamin ideally placed to reduce supply gap Established high-margin tin • Produces 4% of the world’s

8. Slide 8: Financial and Operating Performance

   FINANCIAL AND OPERATING PERFORMANCE² Contained Tin Produced and Sold EBITDA (US$’000) and Tin Price (US$/t) Current price 3,500 100,000 50,000 3,000 80,000 40,000 2,500 2,000 60,000 30,000 Tonnes US$’000 US$/t 1,500 40,000 20,000 1,000 20,000 10,000 500 0 0 0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2021

9. Slide 9: Capital Allocation Strategy

   CAPITAL ALLOCATION STRATEGY Expansion through free cash flow ▪ Debt substantially reduced Gearing ▪ Balance sheet optionality ▪ Mpama South development ▪ Life of mine extensions Organic growth ▪ Multiple mine potential ▪ Exponential value uplift Free cash flow Stepping Stone allocation - Shareholder

10. Slide 10: Mpama South – Next Step to Unleashing Our Growth Potential

    MPAMA SOUTH – NEXT STEP TO UNLEASHING OUR GROWTH POTENTIAL Maiden Mineral Resource and Preliminary Economic Assessment1 Maiden mineral resource estimate for Mpama South – March 2022 Tonnes (m) Sn% Sn tonnes Classification Indicated 0.83 2.58 21 520 Inferred 1.95 2.52 49 120 Preliminary economic asse

11. Slide 11: Mpama South – Next Step to Unleashing Our Growth Potential

    MPAMA SOUTH – NEXT STEP TO UNLEASHING OUR GROWTH POTENTIAL Mineralisation intercepted beyond resource estimate  Significant resource growth potential  Ongoing drilling and assays to feed into updated resource estimates during 2022  Short potential payback on capital development cost  Known imple

12. Slide 12: Alphamin Current Resources – Believed to Be the World's Highest Grade Tin Complex

    ALPHAMIN CURRENT RESOURCES – BELIEVED TO BE THE WORLD’S HIGHEST GRADE TIN COMPLEX A growing high-grade resource base Bisie Tin Complex Peer Comparison Bubble size = contained tin (kt) 5.5 Bisie 5.0 4.5 4.0 Bisie Combined1 3.5 Mpama South1 3.0 Tin Grade % San Rafael + B2 Tails 2.5 2.0 Metals X 1.5 Sy

13. Slide 13: Alphamin Resource Base Expansion Through Exploration

    ALPHAMIN RESOURCE BASE EXPANSION THROUGH EXPLORATION In search of potential mine number three and… ‘Bisie Signature’ repeating itself  Bisie ridge defined by anomalous tin along its 13km length  Mpama North and South “Signature” repeated as an indication of potential cassiterite deposits - Across

14. Slide 14: Tin – The Forgotten Critical Mineral

    TIN – THE FORGOTTEN CRITICAL MINERAL Supply and demand fundamentals indicate a DEFICIT FOR LONGER… Metals most impacted by Uncertain future supply Unwavering demand growth new technologies¹ Four countries produce ~85% of global tin  50% of tin demand today is for solder Tin concentrate2:  21st cen

15. Slide 15: Tin – The Forgotten Critical Mineral

    TIN – THE FORGOTTEN CRITICAL MINERAL Historic headwinds NOW TAILWINDS… World mined tin production (300kt)¹ LME Tin-Share Price History (12 months) ‘000 tonnes tin-in-concentrate Alphamin AFM 12-month price and volume (to 7 March 2022) LME Tin 3-Month Buyer Price USD 350 1.2 48,300 300 1.0 43,300 250

16. Slide 16: Our Social License to Operate

    OUR SOCIAL LICENSE TO OPERATE Investing in our communities Reach Area of influence – Social Commitment Register in terms of the Mining Code • Social Commitment Register - 28 villages - 7,658 households (average size ~6 people) - 45,921 people • Additional community impact and projects via the Lowa A

17. Slide 17: Thank You

    TSXV：AFM AltX：APH THANK YOU Questions? ©Alphamin 2022 | Investor Presentation | March 2022

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