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.

Rampers - Derampers - Who cares?

My (simple) advice to anybody thinking about investing in a stock is to thoroughly investigate that stock before commiting. Sure, part of that investigation will mean reading threads such as this one. But NOBODY should move into a stock SOLELY on what they read on a bulletin board.

What is the point of ramping/deramping. Do people really believe that the large institutions read these threads and then make decisions about moving in or out of a stock based on what they read? Get real!

The only pupose ramping/deramping serves is to brighten up a thread with petty bickering, giving the rest of us a laugh.

I'm not in this stock (yet) but may come in at a later date when there is any news to support growth. Good luck to all of you already holding.

Starfrog - thank you for bringing us back to reality - I totally agree with U - forgive my frustrations with the rampers on this share

Baza

Good point starfrog, but newbies can be easily led by promises of a fortune. I dont like to see people lose money(lost enough myself) so will always be about to warn people.

But you said that about afd!!!!!. You have deramped KMR which has remained stable (around 24 - 28p). AXM has fallen from 39p to 28p (thats a big drop). They may be held in high regard (i wish you would produce the evidence and not just say-so), but its all speculation!!!! what have they got at this moment that is going to bring in the money?? PCI is held in high regard, looked for oil and didnt find any (yet).

Pro - I think you misunderstand - I am not de ramping at all - I am simply asking for some information about which to get excited about.

Before I put my hard earned pension into any share - I need something more tangible than "past performance" - Sorry. And the evidence to date since you and others said that this was a great share and we should all buy (at 35p) is a 30% fall in the share price - not a good investment in anybodys book - and also does not fill anyone with confidence in your predictions

Baza

I only deal in winners. I bought AFD at 62 pence and sold shortly after at 78 pence. If you'd taken my advice (I am a pro) you'd have made a nice little earner for yourself. I bought AFD again a few days ago at 52 pence and they are now at 62 pence (I shall sell when it hits 70 pence) -another nice little earner, I think you'll agree.
Meanwhile, Alexander is a company that is going to hit the big time. It's a bit of a sleeper and is awaiting the first news output. Once it comes, you'll be wishing you'd taken my advice -just like with AFD!!!

The pro you are is a professional ramper. You must have been quick to make a profit on afd and what made you realise it was going to drop like a stone? I think you are not telling us the whole truth. At the moment you are down on AXM are going to give your 'pro' opinion when it should be sold?

Ouch Pro - looks like you have been rumbled

Re AXM - Pro - are you recomending that we buy in now - or wait until it drops some more - what is your professional opinion - I know you recommended that we should have bought in at 35p - are you still saying buy now?

Baza

bla, bla bla, boring, boring the same old claptrap under yet a different name. If your going to pretend to be different people at least change the tone and style a bit. You are quite thick really arent you?

Is this a joke............? I think baza and Kivver should leave this mentalist to mummbling to himself under his many alias! As rightly pointed out its probabaly some kid on his dads computer!

The only way to make money on this one is too short it for the next few months until theres actually something tangable to trade......Look at Griffin mining it fell consistently until it hit rock bottom and neared the home straight then began to motor! This will not start to move for months

i see its diving again......i mean axm!
actually drilling is supposed to start in the first half of this year...so maybe some news might follow.

Today's challenge is to justifiably link the word 'winner' with this chart. Answers on a postcard to........ ;-)

Good luck if you are in (you'll probably do OK in the long term, IMHO).

Down another 10% so far today - is it time to buy yet ??

Baza

it depends on whether the original offering was to high......remember there was a pre-placing of 4.5m before the recent ipo.