Trigon Ships First Copper Concentrates from the Kombat MINE Plant Commissioning Progress Update
TRIGON SHIPS FIRST COPPER CONCENTRATES FROM THE KOMBAT MINE
PLANT COMMISSIONING PROGRESS UPDATE
Toronto, Canada – February 28, 2022 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”)
announces the first shipments of copper concentrate. The first truck load was delivered from the
mine to IXM warehouses in Walvis Bay, Namibia, late last week . The truckload contained 31 dry
metric tonnes of concentrate, grading 20.41% copper and 265 g/t silver. The truckload is the first of
400 tonnes of concentrate now produced and stockpiled at the Kombat Mine. The balance of the
concentrate will be moved to the IXM warehouse, and booked as sold this week.
Commenting, Jed Richardson, President & CEO stated: “Congratulations to the team, as they have
achieved another tremendous milestone at Kombat. Overall, we have met our numerous goals in a
fast moving process. Commissioning continues on all levels and, following the initial strong
performance of th e mill announced in January, we have been pushing the mill towards stronger
recoveries and continuous operation. The mill is now hitting its stride, we are operating at a steady
state 70% capacity, producing over 35 tonnes of concentrate per day. We are working our way to a
declaration of commercial production.”
IXM will make provisional payment for tonnes of copper concentrate delivered to port. Provisional
payment is 90% of the projected proceeds for the metal content determined by an independent
laboratory on site at the mine, with the balance of payment adjusted on final assays by IXM. On May
6, 2021 Trigon announced it had begun the purchases needed to restart the Kombat Mine (See press
release, “Copper production planned for 2021 year-end), ten months hence, the mine is generating
its first revenues.
IXM is a global merchandi zer of base and other non -ferrous metals, with expert teams on every
continent. It is among the top copper, zinc, lead concentrate, and cobalt merchants internationally
and is a leading trader of refined base metals. It is already active in Namibia, with a strong track
record in that region. The company is fully owned by the international mining company , CMOC
group, one of the leading suppliers of copper, cobalt, molybdenum, tungsten, niobium and
phosphate fertilizer products, with operations across the world.
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 copper mining 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. The 80% owned Kombat Mine in Namibia is the flagship
operation where production is for ecast t o grow to over 30 million pounds of c opper produced
annually using open pit and underground mining methods. The company controls 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 growing production at Kombat through development
and further exploration. In Morocco, the Company is the holder of the Silver Hill project, a highly
prospective copper and silver exploration project.
For further information, contact:
Jed Richardson
+1 647 276 6002
Website: www.trigonmetals.com
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 shipment of concentrates , forecast production of concentrates 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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, a s amended (the “U.S. Securities Act”) or any state securities
laws and may not be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.