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.

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.

Well Sherlock - garbage or not - its just my opinion - and others can decide whether to beleive it or not. At least I am in profit on AXM - are you??

Baza

I think everyone's in profit with AXM. It's getting so much publicity -and all good- so what can you expect?

Well Pro2 - I suspect those that bought in at 35p are still nursing a thumping great loss - like yourself - but as a professional - you would recognise that wouldn't you.

I think u just shot yourself in the foot again - because unless you have averaged down very heavily - you will stll be nursing a thumping great loss if we are to beleive the fact that you bought all those shares when they were 35p

Sorry to cast doubt and dispersion on your claim

Any way enough of this banter - I need to make some money

Baza

We have banned a poster a number of times from MoneyAm as a result of postings on this and 2 other threads. They really are not very bright and have left their fingerprints all over the place. The matter has been reported to their ISP for action and the police notified.

Mike
MoneyAM

They?????????????

Hooray , at last some action from Money AM. Please keep it up.

Well done Bull share - thank you for that

baza

Wrong thread - sorry

I was told to come over and have a look here, but it seems to be about banning people and police, seems a bit severe, but then I dont know the history, any of you taken a look at TFC, and watched the news...

This katcenka guy serious TFC ramper....

So.... anybody got any more info on AXM???

Martin

Research this company well. Good potential, but that is all at the moment, POTENTIAL.

I agree wuth Kivver - if you can afford it - it is worth a "punt" - but be prepared to loose your shirt as they are not very good at managing shareholder expectations.

Baza

yep I am a serious TFC ramper, thats because I know everything about them, sadly alot of people dont know about them..

good luck on this one gents

eh! know one said you were a ramper! good rise today. just a dangerous thing to tell people what a share is going to do. if i could do that wouldnt waste time posting on here, id spend all my time getting seriously rich!

The following is taken from minesite's review of last week and makes a good point about how little is known of AXM intentions.

"Alexander Mining also had a good week and closed up 21 per cent at 25.5p. There was no news indeed the company has yet to grace the market with news of any sort which is strange as the chairman, Matt Sutcliffe, is an old broking hand and knows the value of newsflow. Maybe he is keeping his head down as he was an adviser to Regal Petroleum before setting off to make his fortune in South America. Incidentally, Martin Rosser has just joined Alexander Mining from VSA as manager, business development London. As all the companys assets are elsewhere he should not be too This leaves VSA looking distinctly short-handed - ?is there anyone there at all? - but then the sector as a whole is chronically short of people with appropriate experience."

It really is difficult to judge this comapny - as the article above says - the company has yet to grace the market with any news - and this has been the biggest problem since the start. We have no idea whether this company is motoring and keeping it quiet - or i dire straights - and keeping it quiet. I still have a small speculative holding that is in profit based on nothing stronger than gut feel.

Baza