Trigon Commences Mining Operations at Kombat Mine, Namibia

Rhea-AI Summary

Trigon Metals Inc. has resumed production at the Kombat Mine in Namibia after a 14-year closure. The first blast took place on October 19, 2021, marking a significant milestone for the company and its shareholders. The Kombat Copper Project, covering over 7,500 ha, previously produced approximately 12.46 million tonnes of copper from 1962 to 2008 at a grade of 2.62%. The company also holds additional exploration licenses in Namibia and Morocco, focusing on copper and silver.

Positive

• Resumption of production at Kombat Mine, potentially increasing copper output and revenue.
• Kombat Mine previously produced 12.46 million tonnes of copper, indicating established resources.

Negative

• 14 years of closure may indicate past operational challenges or market conditions that impacted production.
• Dependence on the copper market's performance affects revenue and operational viability.

TORONTO, ON / ACCESSWIRE / October 19, 2021 / Trigon Metals Inc. (TSXV:TM) ("Trigon" or the "Company") is pleased to announce that the Kombat Mine officially resumed production after 14 years of closure.

Trigon has successfully restarted the Kombat Mine with a successful blast in the Kombat open pit this morning at 11:30 a.m. Namibia time.

Jed Richardson, President and CEO of Trigon, commented, "Today marks a momentous milestone; for Trigon, the community of Kombat and country of Namibia, and of course our valued shareholders. Special thanks to our team for their diligence in moving the Company forward to this great day."

For an up-close look at the first official blast at the Kombat open pit, please visit Trigon online in the upcoming days for pictures and videos on Facebook, Instagram, LinkedIn, YouTube and Twitter.

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 has redeveloped the previously producing Kombat Mine and continues to explore its licences. 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 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/668709/Trigon-Commences-Mining-Operations-at-Kombat-Mine-Namibia

FAQ

What is the current status of Trigon Metals' Kombat Mine?

Trigon Metals has officially resumed production at the Kombat Mine as of October 19, 2021.

When did the Kombat Mine restart production?

The Kombat Mine restarted production on October 19, 2021.

What is the historical production of the Kombat Mine?

The Kombat Mine produced approximately 12.46 million tonnes of copper from 1962 to 2008.

What are the future prospects for Trigon Metals and the Kombat Mine?

Trigon Metals is exploring additional licenses and may increase copper and silver production, although market risks remain.

What is Trigon Metals' focus in Namibia?

Trigon Metals focuses on copper and silver holdings, with significant operations in Namibia and Morocco.