Trigon Metals Achieves Commercial Production Milestone at Kombat Mine
Trigon Metals Achieves Commercial Production Milestone at Kombat Mine
TORONTO--(BUSINESS WIRE)--October 16, 2023--Trigon Metals Inc. (TSX-V: TM;
OTCQB: PNTZF) (“Trigon” or the “Company”) is pleased to announce a significant milestone
as achieved commercial production as of October 11, 2023, at its Kombat Mine in Namibia. This
achievement marks a major step forward in Trigon’s journey towards becoming a leading mid-
tier copper producer.
Commercial production status is defined as operating at 70% of production capacity over a
period of 30 consecutive days. This is a testament to the dedication and hard work of the entire
team and represents a track record of steadfast commitment to achieving operational targets and
managing costs effectively. Achieving this milestone marks a pivotal moment in the growth of
the Company, enhancing the economic viability of the Kombat Mine.
Commercial production status has been achieved swiftly in accordance with Company targets.
The mill started producing concentrate on August 3rd of this year (see press release dated August
10, 2023). The Company proceeded to operate for its first full day of production on August 21,
2023 (see press release dated August 24, 2023) and ramped up quickly to commercial levels.
Over the past 30 days, the mill has operated at 77.8% of capacity with average recoveries of 86%
Cu, producing 650 tonnes of concentrate and Trigon’s concentrate product is being shipped to
port daily.
Namibian Investor and Local Partner Knowledge Katti, expressed his congratulations, saying,
"The Kombat mine is a very important project for Namibia, especially the children from the
Kombat community. Trigon will deliver sustainable benefits for years to come, including 500
direct jobs already in place. The supporting shareholders are all working together as a
partnership to deliver positive outcomes for all our stakeholders. This milestone is a testament to
the strength of our 500-person workforce and the cooperation of the local communities.”
Fanie Muller, Vice President of Operations at Trigon Metals, said, "This achievement is a
testament to the relentless efforts and dedication of our team members. I am incredibly proud of
our staff for their hard work and commitment during the commissioning phase. We will take a
moment to enjoy this significant milestone, and at the same time gear up for the next growth
phases of the Kombat Mine which include the restart of the underground operations and the mill
expansion project.”
Trigon Metals remains committed to its goal of responsible mining and development in mining-
friendly African jurisdictions. The Company will continue to prioritize safety, environmental
stewardship, and community engagement as we move forward with our operations.
For ongoing updates and a behind-the-scenes look at our projects, follow Trigon Metals on
LinkedIn, Facebook, YouTube, X, and Instagram.
Qualified Person
The technical information presented in this press release has been reviewed and approved for
disclosure by Fanie Müller, P.Eng, VP Operations of Trigon, who is a Qualified Person as
defined by NI 43-101.
Trigon Metals Inc.
Trigon is a publicly traded Canadian exploration and development company with its core
business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently,
the company has operations in Namibia and Morocco. In Namibia, the Company holds an 80%
interest in five mining licences in the Otavi Mountainlands, an area of Namibia widely
recognized for its high-grade copper deposits, where the Company is focused on exploration and
re-development of the previously producing Kombat Mine. In Morocco, the Company is the
holder of the Silver Hill project, a highly prospective copper and silver exploration project.
Cautionary Notes
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain forward-looking statements. These statements include statements
regarding the Kombat Mine, the mineralization of the Kombat Mine, the economic viability of
the Kombat Mine, the operations of the Kombat Mine, the Company’s ability to restart and
continue operations and the Company’s future plans and objectives. These statements are based
on current expectations and assumptions that are subject to risks and uncertainties. Actual
results could differ materially because of factors discussed in the management discussion and
analysis section of our interim and most recent annual financial statements or other reports and
filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do
not assume any obligation to update any forward-looking statements, except as required by
applicable laws.
Contacts
For further information, contact:
Jed Richardson
+1 647 276 6002
Website: www.trigonmetals.com