Trigon Announces First Concentrate Production at Kombat Mine, Namibia

Rhea-AI Summary

Trigon Metals Inc. announced the successful production of its first copper concentrates at the Kombat Mine in Namibia on December 30, 2021. Management's milestone was achieved after a thorough installation of equipment, with production exceeding expectations. Initial production yielded satisfactory copper grades nearing 20% and over 600 g/t silver, utilizing lower-grade ore. The company anticipates full commercial production by March 2022, as operations continue to optimize. CEO Jed Richardson highlighted this achievement as a major de-risking of the mine, essential for stakeholder confidence.

Positive

• First copper concentrates produced ahead of expectations.
• Achieved copper grades approaching 20% and over 600 g/t silver.
• Forecasted full commercial production by March 2022.

Negative

• None.

TORONTO, ON / ACCESSWIRE / January 5, 2022 / Trigon Metals Inc. (TSXV:TM) ("Trigon" or the "Company") is pleased to announce the first copper concentrates were produced at the Kombat Mine in Namibia on Thursday, December 30, 2021. Teams worked through the Christmas period to complete the install of filter presses and run ore through the full production process to achieve this milestone, meeting management's forecasted goal.

The concentrate produced exceeded the expectations of management, demonstrating that the combination of new equipment from Xinhai and refurbished equipment from the historic operation are operating well. The feed material for this initial production was sub optimal lower grade ore, while grind size, residence times and reagent use are being optimized, but satisfactory copper grades were achieved approaching 20% copper and over 600 g/t silver, well ahead of expectation at this stage of start-up. Production continues, building up to first concentrate shipments toward the end of this month, January 2022. A declaration of full commercial production is forecast for March 2022, as the mine production ramps up and systems are optimized.

Jed Richardson, President and CEO of Trigon, commented, "This first production is a tremendous milestone for the Company, the Kombat community and our shareholders. Successful concentration of copper represents a major de-risking of the mine. A functioning mill is the primary technical hurdle in a mine's operation, and that hurdle has been overcome at Kombat. I cannot overstate how proud I am of our team in reaching this goal; battling through shipping challenges, COVID-19 and working through the Christmas holidays."

About Kombat Mine

The Kombat Copper Project is the flagship project of Trigon Metals Inc., with the Company's mining and prospecting licence areas covering an area of more than 7,500 ha in the Otavi Mountainlands in Namibia. The Kombat Project is comprised of three mining licences, which produced approximately 12.46 million tonnes of Copper between 1962 and 2008, at a grade of 2.62%. The other two mining licences are within close proximity to Kombat at Gross Otavi and Harasib, which are believed to be highly prospective for lead and zinc. In addition, the Company also holds an interest in two exclusive prospecting licences, which represent a potential strike extension of Kombat.

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

This news release may contain forward-looking statements. These statements include statements regarding the restart of the Kombat Mine, the timing of commercial production and ramp up at the Kombat Mine, the Company's strategies and the Company's abilities to execute such strategies, the Company's expectations for the Kombat Project, 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.

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.

For further information, contact:
Jed Richardson
+1 647 276 6002
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com

SOURCE: Trigon Metals, Inc.

View source version on accesswire.com:
https://www.accesswire.com/681060/Trigon-Announces-First-Concentrate-Production-at-Kombat-Mine-Namibia

FAQ

What significant milestone did Trigon Metals achieve on December 30, 2021?

Trigon Metals produced its first copper concentrates at the Kombat Mine in Namibia.

What are the copper and silver grades achieved during initial production at Kombat Mine?

The initial production yielded copper grades nearing 20% and over 600 g/t silver.

When is Trigon Metals expecting to declare full commercial production at Kombat Mine?

The company anticipates full commercial production by March 2022.

Who is the CEO of Trigon Metals and what did he say about the production achievement?

Jed Richardson, the CEO, stated that the first production represents a major de-risking of the mine.

What is the significance of the Kombat Copper Project for Trigon Metals?

The Kombat Copper Project is Trigon's flagship project with significant historical copper production.