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.

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

according to an article in IC a week or two ago, the Chairman had come back to the UK specifically to brief the big shareholders. Again, according to IC, the briefing had gone down well. If this is true then somebody must know something about AXM's prospects. I am the same as bhunt1910 - I too have a small holding in profit and will hold awaiting newsflow.

Companies have to report anything that should adversly effect the share price (up or down) so nothing to report then. still speculation and nothing else, good luck!

Might be time to buy now ?? ;)

was tipped this am by UK-Analyst with a sum of parts price target of at least 50p....

Here it is then.......................



buy Alexander Mining at 21.75p
Says Luke Heron of WatsHot.com
I am planning a new hot tip on WatsHot.com - it will be out soon. Meanwhile here is one from a while back which still offers great value.
The AIM resource boom has flooded the worlds most dynamic market with a great deal of dross over the past few years. Due to the sheer number of opportunistic resource ventures to trip the light fantastic onto the junior exchange; the subsequent fall out across the sector has been so great as to drag many of the quality concerns down along with them. This has been both a curse and an opportunity. One such AIM traded resource venture whose quite remarkable potential is being ignored due its sector status is Alexander Mining.

The company currently has 3 projects on the go, but for the purposes of what follows, I am ignoring one. The smaller of the two that matter is a gold project at Molinetes in Peru. This is a very early stage exploration project and Alexander has a 66% stake. Grades so far are stunning and the owner of the remainder stake is a Canadian company valued at 20 million. It has few other assets. If I was running Alexander I'd float Molinetes tomorrow. It cannot be worth less than 10 million or 7.5p a share.


Away from Molinetes, we have Leon - a copper/ silver project in Argentina. Alexander has 13 million net cash and will use 11 million of that to build a processing plant and open pit mine. It needs to raise no additional equity. That mine will from Q2 2008 produce 5,000 tonnes of copper per annum at a cost of $1500 a tonne. By 2009 production will be running at 8,000 tonnes per annum. Copper currently sells for $6,000 a tonne. There is a proven resource which can produce 41,000 tonnes giving Leon a 5 year mine life. Alexander reckons it has new discoveries which could add another 5 years to the project life. I have risk weighted any output after year 5 at 50% as these extra reserves are not proven. Using a simple DCF model I value Leon at 61 million or 45p per share.
CEO Matt Suttcliffe seems to think that half of earnings from Leon could be paid out as dividends. That implies a 2008 dividend of 2.5p rising to 4p for the four years that follow. The rest of the cash from Leon would be reinvested in other activities. Value such an income stream on an 8% yield and Leon is again worth 50p per share. Whatever way one looks at Alexander, it is unquestionably worth 50p plus per share on a sum of the parts basis. Of course there are other variables, notably management. Suttcliffe is very capable indeed and will ensure value is realised at Alexander. The shares are a buy with a one year target of 50p.

Key Data:
Price:21 - 22.5p
Market: AIM
EPIC: AXM

see above ''the shares are a one year target of 50p''. Is he that good, this Luke Heron???

Where is he...... monte carlo?

Havn't looked at this since 25p days whats happended to AXM.

Looks like Luke Heron is has good as Tom Wiffy????something from T1ps.co.uk

kivver,

Absolutely, shows up the tipsters for what they are IMO.

This company has under delivered on a massive scale, and treats it's shareholders appallingly by failing to communicate.

Very disappointed in Matt.

Such companies are not worth supporting...let the sp fall to a realistic level when they are producing some output - that's when it can be valued.

EDIT (28Oct08) 33% fall today! - 1p - 1.5p = 50% spread - Ooer.
Significantly below the face-value, so expect CONsolidation to further wreck Shareholder-value.

hangon,

I totally agree.

Not sure if or when AXM will ever produce!

They are hanging all their immediate hopes of success on this new process, but with no figures and very limitied information available it's hard to put a valuation on that.

Sp has doubled today - yet no RNS for over a month....is there a leak (of good news_, or more likley a riun following a "Tip" which means that anyone looking for some good-news piles in?

Time will tell.
I don't hold,