Trigon Metals Reports Exceptional October Production from Kombat Mine, Namibia
Trigon Metals Reports Exceptional October Production from Kombat Mine,
Namibia
TORONTO--(BUSINESS WIRE)--November 6, 2023--Trigon Metals Inc. (TSX-V: TM;
OTCQB: PNZTF) ("Trigon" or the "Company") provides the following operational update from
the Kombat Copper Mine in Namibia. The operation produced 901 concentrate tonnes in the
month of October at a grade of 29.2% copper and 241 g/t silver.
Commenting, Jed Richardson, Trigon’s CEO and President, said, “In a month that saw the plant
reach commercial production and our first concentrate sales, concentrate production topped
expectations. We are on track to record an operating profit on October’s production and are very
pleased with the efforts of the team and the performance of the mine and mill.”
Table 1: Production Statistics October 2023
Mill Throughput (t) 28,771
Concentrate Grade (Cu %) 29.2%
Concentrate Produced (t) 901
Copper Recovery (%) 88%
Silver Grade in Concentrate (g/t) 241
Stockpiles on the run-of-mine pad now total 27,000 tonnes of ore averaging close to 1.2% Cu,
providing approximately one month's supply of ore feed.
Qualified Person
The technical information 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.
Investor Relations Webinar
Trigon will be participating in an informational webinar hosted by Focus Communications on
Tuesday, November 7, 2023, at 10:00 AM PST/1:00 PM EST. Trigon welcomes stakeholders,
investors, and other individual followers to register and attend this live event.
The presentation will feature Jed Richardson, Chief Executive Officer & President and Aidan
Sullivan, Vice-President, Investor Relations. Topics to be covered will include the latest investor
presentation followed by a live Q&A. Investors interested in participating in this event will need
to register using the link below. As a reminder, registration for the live event may be limited, but
access to the replay after the event will be on The Company’s Investor website.
Click the link below to register:
Tuesday, November 7, 2023:
https://event.webinarjam.com/register/252/r9lr5frm
About FCIR
Focus Communications is a private Toronto-based firm, specializing in investor relations,
corporate development and market awareness services. Utilizing its extensive database of private
investors, brokers, analysts and fund managers, FCIR provides customized investor relations
solutions for its clients.
About Trigon Metals Inc.
Trigon Metals is a publicly traded Canadian exploration and development company with core
operations centered on copper and silver holdings in mine-friendly African jurisdictions. The
Company currently operates in Namibia and Morocco. In Namibia, Trigon holds an 80% interest
in five mining licenses in the Otavi Mountainlands, an area widely recognized for its high-grade
copper deposits, with a focus on exploration and re-development of the previously producing
Kombat Mine. In Morocco, the Company holds the Silver Hill and Addana projects, which are
highly prospective for copper and silver exploration.
Cautionary Notes
This news release may contain forward-looking statements. These statements include but are not
limited to statements regarding the Kombat Mine, the Company's operational performance, and
the Company's future plans. Generally, forward-looking information can be identified by the use
of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”,
or “believes”, or variations of such words and phrases or state that certain actions, events or
results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-
looking information is subject to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or achievements of Trigon, as the
case may be, to be materially different from those expressed or implied by such forward-looking
information, including but not limited to general business, economic, competitive, geopolitical
and social uncertainties; the actual results of current mining activities; risks associated with
operation in foreign jurisdictions; and other risks inherent in the mining industry. Although
Trigon has attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. These statements are based on
current expectations and assumptions that are subject to risks and uncertainties. Actual results
may differ materially due to 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accept responsibility for the
adequacy or accuracy of this release.
Contacts
For further information:
Jed Richardson
+1 647 276 6002
Website: www.trigonmetals.com