You can see the official site at: http://www.alexandermining.com/

If you have a specific query please contact:

Matt Sutcliffe on +44 (0) 7887 930 758

Media and communications: press@alexandermining.com

St Swithins (public relations):
Gary Middleton on +44 (0) 20 7929 4391 or +44 (0) 7951 603 289

Address:
8th Floor, Manfield House
1 Southampton Street,
London WC2R 0LR

Tel: 00 44 207 240 7600
Fax: 00 44 207 240 9555


Alexander Mining has raised around 20m at 30p a share from institutions on top of 4.2m raised over the past year in private placings. It is expected to be capitalised at around 40m when it floats.

Alexander has been set up by Matt Sutcliffe, the former head of mining at Williams de Broand a director of corporate finance at Evolution Group, the City brokers. Sutcliffe is one of the City's most highly regarded characters in mining finance and is sure to have a strong institutional following, having listed a number of winners in his days as an adviser.

Alexander has assembled an attractive portfolio of projects in gold, silver and copper in Peru and Argentina and expects to be producing copper within the next 18 to 24 months. Sutcliffe will be well funded and has put together an impressive board that looks well worth backing.


Essentially Alexander Mining is kicking off with three projects in Argentina and one in Peru as another one in Peru is still being negotiated. Asked which of them will be given priority the answer from Dr Sutcliffe is Juramento, Juramento, Juramento, so there does not seem to be much doubt about that. It is a sedimentary hosted copper silver deposit in north west Argentina which was previously explored by Paramount Ventures and Finance between 1994 and 1997. At the end of that period a total drill indicated resource of 44.7 million ozs at 0.8% copper and 21.8 g/t silver was announced. The Alexander team reckon that the mineralization continues beyond the two areas previously drilled and would be easy to mine as Juramento is a hill. Drilling will commence in the first half of this year as well as preliminary engineering studies and metallurgical testwork. Start at the rate you intend to carry on is the cry and Dr Sutcliffe is flying out to Argentina next week for a long stay.

The Trinidad silver project and the Rachaite gold/silver/base metal projects are also in the northwest of Argentina which makes things easier to manage. Trinidad is a short distance to the north and east of the La Providencia silver mine where Cardero Resources has reported very high silver values. It lies on the northern continuation of the graben which surrounds the mine and is surrounded by Carderos Ramona licence area. Rachaite is a potentially large porphyry target situated in a favourable structural environment. Western Mining did some sampling there in 1997; it is in the same region as the big Alumbrera and Taca Taca mines; and Alexander intends to get drilling this year.. Lastly, there is the Sulcha epithrmal gold silver deposit in the Andes mountains of Peru. A widespead , mineralised outcrop has attracted local artisan miners and recent samples assayed up to 8.12 g/t gold and 1,195 g/t silver. It is also close to the Alto Chicama mine owned by Barrick with 9 million ozs gold in reserves.

An interesting portfolio and well spread geographically and in metals. All the earn-in deals on them are back-end loaded which is a sensible approach as it limits financial risk. In other words there are no up-front payments, just annual expenditure on exploration and a capped royalty if production ensues. Any project that does not live up to expectations can be dumped and the company can move on.

Directors:

Name - Role
Matthew Leslie Sutcliffe - Chairman and Chief Executive Officer
John Russell Hodder - Business Development Director
James William Ashcroft - Non-executive Director
James Snaddon Bunyan - Non-executive Director
David Robert Norwood - Non-executive Director

Person(s) interested

Pre Admission Matt Sutcliffe 16.07% Stephane Lamoine 10.53% Arc Securities 4.67% Gold Equity Holdings 4.34% Irvine Securities 3.54% Alker Investment Holdings Ltd. 3.05% After Admission Matt Sutcliffe 8.11% Stephane Lamoine 5.31%

The directors are locked in for 2 years

Matt Sutcliffe, the former head of mining at Williams de Broe and a corporate finance director at City brokers Evolution Group, has set up the group. He is one of the City's most highly regarded figures in mining and is sure to have a strong institutional following.

Alexander has assembled an attractive portfolio of projects in gold, silver and copper in Peru and Argentina and expects to produce copper in the next 18-24 months. Sutcliffe will be well funded and has put together an impressive board that looks well worth backing.

It is involved in mining exploration and intends to grow rapidly into a low cost and highly profitable diversified metal producer.

This represents a very strong buy.


Alexander Mining Well Funded For Its South American Adventures.

The boy done good as trainers of boxers used to say of their winners. Matt Sutcliffe, erstwhile mining engineer and brokers mining analyst and now executive chairman of Alexander Mining deserves the plaudit. At a time when the market for junior mining stocks in London was looking a shade droopy, to say the least, the money flowed into a placing of shares in his company prior to its listing on AIM. The company was looking for 12 million and closed the doors at 20 million having had offers of considerably more. On this basis there should a reasonable secondary market as a number of applicants were scaled down. Unfortunately no information is given about the largest shareholders in the company before and after the listing, apart from the directors.

He should also be congratulated for cementing a deal with Dennis Thomas, the eponymous head of Thomas Mining Associates, well known as a job finder for the mining industry. As an adjunct to his business Thomas had built up a portfolio of promising projects which he had secured via letters of intent using his database of 20,000 professionals in the mining industry.. Sutcliffe picked these over and has negotiated earn-in agreements on what he considered to be the five best. This must have taken considerable patience as Thomas is not an easy man to pin down.

There will be more in the pipeline as Alexander Mining has rights of first refusal on the rest and can choose to take them or let Thomas Mining Associates Project Investments shunt them on to third parties. A 45 per cent holding was acquired in TMAPI through payment of 30,000 plus monthly payments of 10,800 which continue as long as all parties are in harmony. The database of mining industry personnel was also handed over to TMAPI so Sutcliffe, who now uses the title of Dr, will not have to go far to find additional specialists as and when required. It is worth pointing out at this stage that he is not confined to TMAPI as a source of projects, but can seek them by all the usual routes.

He has already built a useful team around him. John Hodder is the only other executive as director of business development and he started life as a geologist in Australia on base metals, gold and oil projects. After a time in the UK oil industry he moved to CDC Capital Partners where he became head of the Minerals, Oil and Gas Sector. At senior management level Eileen Carr needs no introduction in London as chief financial officer. Stephane Lamoine, the business development manager is a chartered engineer who, as a mining finance specialist, has worked for a number of leading fund management and broking houses in Europe. Angus Innes is well qualified to be head of operations in South America as he was exploration manager for Billiton in Argentina and Bolivia before becoming a consultant geologist to several mining and exploration companies in South America where he is based.

Essentially Alexander Mining is kicking off with three projects in Argentina and one in Peru as another one in Peru is still being negotiated. Asked which of them will be given priority the answer from Dr Sutcliffe is Juramento, Juramento, Juramento, so there does not seem to be much doubt about that. It is a sedimentary hosted copper silver deposit in north west Argentina which was previously explored by Paramount Ventures and Finance between 1994 and 1997. At the end of that period a total drill indicated resource of 44.7 million ozs at 0.8% copper and 21.8 g/t silver was announced. The Alexander team reckon that the mineralization continues beyond the two areas previously drilled and would be easy to mine as Juramento is a hill. Drilling will commence in the first half of this year as well as preliminary engineering studies and metallurgical testwork. Start at the rate you intend to carry on is the cry and Dr Sutcliffe is flying out to Argentina next week for a long stay.

The Trinidad silver project and the Rachaite gold/silver/base metal projects are also in the northwest of Argentina which makes things easier to manage. Trinidad is a short distance to the north and east of the La Providencia silver mine where Cardero Resources has reported very high silver values. It lies on the northern continuation of the graben which surrounds the mine and is surrounded by Carderos Ramona licence area. Rachaite is a potentially large porphyry target situated in a favourable structural environment. Western Mining did some sampling there in 1997; it is in the same region as the big Alumbrera and Taca Taca mines; and Alexander intends to get drilling this year.. Lastly, there is the Sulcha epithrmal gold silver deposit in the Andes mountains of Peru. A widespead , mineralised outcrop has attracted local artisan miners and recent samples assayed up to 8.12 g/t gold and 1,195 g/t silver. It is also close to the Alto Chicama mine owned by Barrick with 9 million ozs gold in reserves.

An interesting portfolio and well spread geographically and in metals. All the earn-in deals on them are back-end loaded which is a sensible approach as it limits financial risk. In other words there are no up-front payments, just annual expenditure on exploration and a capped royalty if production ensues. Any project that does not live up to expectations can be dumped and the company can move on. The potential weakness of this company lies in communication. Dr Sutcliffe likes keeping things to himself and is notorious for not returning telephone calls. Shareholders can get very restive very quickly, as can journalists, if they feel they are being ignored. No good shedding the job on a non-exec, Matt, stay on the air and you could be on a good thing.

Baza,

lools like your punt may start to pay off this week. I did try to tell the schizophrenic one, post copied fro first thing this morning below, but clearly thought I was taking the piss. LOL

ptholden - 05 Jun'05 - 23:14 - 345 of 364 edit

Note: Rampers / bashers never answer direct questions.

In answer to your question, I am here keeping you company, because nobody else is talking to you and you are here all on your owns.

Look on the bright side, AXM look oversold and will have a better week, all is not yet lost.

good luck
pth

Ian - can u check out bhuntly on Kenmar thread as well please - also kivvver - with 3 v's

Ta Baza

Baza,

Already sorted,

Ian

Thanks Ian, this chap must have a lot of spare time on his hands, i actually fi nd it quite funny, but it is serious if people lose money due to his blantant ramping/deramping!

'Matt Sutcliffe is back from South America to reassure investors in his new company, Alexander Mining, that the recent share price fall is due to the current state of the mining equities market, and nothing to do with the quality of his company. Mr Sutcliffe - who has plenty of experience in the mining industry and in the City - presented to a well-attended lunch of key investors last week, some of whom were placing buy orders before the presentation had finished. In part, that's a measure of the quality of the copper, gold and silver assets in Peru and Argentina, and of how much of a bargain Alexander now looks, having lost nearly a third from its listing price of 30p.

Its key asset is the Juramento project in Argentina, a copper deposit where previous work has indicated a resource of 44.7m tonnes at 0.8 per cent copper and 21.8 grammes of silver per tonne. Alexander is now to embark on an ambitious 10,000m drill programme aimed at improving the existing data. The company is hoping that Juramento will provide early cash flow while it focuses on developing its other exploration assets. Perhaps optimistically, Alexander reckons that, at Rachaite, where it is currently doing geological mapping, it has a project that could rival the world-class Escondida mine in size. It also has exploration properties in Argentina and Peru.

What really underpins Alexander, though, is the outlook for the copper market. In spite of some blips in recent weeks in the price, global stocks of copper have fallen so low that there's barely enough supply to meet demand. China and India now account for over 40 per cent of demand, and that percentage is likely to increase. So a well-managed company such as Alexander, with Mr Sutcliffe - competently assisted by experienced chief finance officer, Eileen Carr - could be among the winners. Some industry watchers reckon the shares could rise to 200p in the next couple of years. Buy.'

i can only relate to garymegson to RELAGATION (wba and forest). Just like axm has been relagated from 39p at float to 23p now!! eh multiposter (and now imposter) cant you be more entertaining than the continuous repetitive posts about matt sutcliffe who also had a hand in starting regal petroleum and look whats happened to them. You have already been responsible for people losing money on afd and axm and not gaining on KMR (IF PEOPLE ARE STUPID ENOUGH TO LISTEN TO YOU), how do you sleep at night?????

Up over 13% today chaps!!

I bet everyone will be sleeping soundly tonight!!!

Well, except for a few who wouldn't take the advice to buy.

Keep buying is my advice, as there's a whole lot of profit left in this one. Remember what 'Investors Chronicle' said just the other day "...If this (Juramento)find turns out to be better than expected it could rival the biggest resource of copper in the world".

Now that is some statement!!!

FGH i can assure you that ptholden is not using doughboy66 as an alias .I have posted only once or twice on this thread as it is a joke.Bhunt1910 has got it right (its not worth the effort) you have completely undermined this stock.
The regulators of these boards are soft to allow these loonies with multiple identities on here.
The one and only doughboy66

Well - my small punt is already in profit - but more by luck than judgement. Would be good to get some real news rather than just speculation.

Baza

doughboy

most of the multiple identities have been weeded out for the time being, although one or two have perhaps escaped. Ian T is on the case.

Nice one Baza, should have backed my own judgement this morning!

Morning Pro2 - I dont think you are kidding anyone - but if you must play your games - good luck - but dont spoil it for the rest?

Baza

edited by moneyam - user banned

Go and get friends multiposter. There are people on here who want to have serious discussion on axm and like bhunt said you are just undermining it. We already know you are at least 50 grand down so stop playing your childish games pretending to buy at the bottom when you have already boasted about buying near the top. sad man!

Can I thank you guys for bringing this share to my notice. I wouldn't have noticed it but for the regularity of posting over the past week. I ignored the few silly posters (you get them on most boards) and read the obviously relevant information. I became so impressed by the promise of the company that I decided to buy in. Hey presto! Yesterday the share went up byover 13%!!!!!

To remind others, Alexander Mining are mapping currently at Rachitea and are planning a 10000m drill exstension at Juramento. Analysts are quoted as saying "if this find turns out to be better than expected it could rival the biggest resource of copper in the world" and if so axm "could" be worth 2.00 alone in a couple of years.


Artemis Investment Fund have invested in the company and "Investors Chronicle" -a very respected and influential business publication- have just tipped it very strongly. If you read posting 1 of this thread then you will read all you need to know about the company.

Kivver - its not worth the effort

Baza

What isn't?? If you mean deramping then you are right. Get this -People prefer to take note of facts and those in a professional capacity.

Facts are: Alexander Mining are mapping currently at Rachitea and are planning a 10000m drill exstension at Juramento. Analysts are quoted as saying "if this find turns out to be better than expected it could rival the biggest resource of copper in the world" and if so AXM "could" be worth 2.00 alone in a couple of years." !!!!!!


Artemis Investment Fund have invested real money in the company and "Investors Chronicle" -a very respected and influential business publication- have just tipped it strongly.

Anyone wanting to know about the company should read posting 1 of this thread.

Sorry Pro2 - we disagree - I am certainly not deramping - but others can be the judge of that. Remember I own AXM shares and want them to rise as I bought them at 20p and did not listen to you wwhen you was telling everybody to buy at 35p.

I agree that it is fact that AXM "are planninG" a 10000m drill extension - but thats all it is - it does not say when or how or what the impact will be or anything - the rest is just speculation.

I am planning to win the lottery - but I am not going to tell you when - or how much I am going to spend in winning it - or how much I win or, or, or!!!

I do not disagree with you that this company probably has potential - but at the moment it is like backing a horse in the Derby - the horse may come from a good stable and have good parentage - but that is no guarantee of a win.

I would just like a bit more factual information - not a lot of hype.

As I say - I am very pleased with my punt - which is showing a 25% profit - but I just feel sorry for all those people you beleived your ramping when this share was falling all the way down from 35p.

Baza

Don't talk garbage!

This stock is rising (price is up again today)and we only have to see what your postings have been like on this thread to know where you are coming from.

It's good to see this share getting some healthy feedback on all BBs.