trigonmetals

Trigon Metals Provides Progress Update on the Restart of its Kombat Mine

26 July 2021 by trigonmetals

*Plan On Schedule And On Budget*

TORONTO, ON, July 26, 2021 – Trigon Metals Inc. (TSXV:TM) (“Trigon” or the “Company”) is pleased to provide an update on the progress of the various projects related to the restart of its Kombat Mine in Namibia, where open pit mining is planned to recommence in late 2021.

The Company is targeting initial production of 4,000t of copper in concentrate for the 2022 calendar year, by accessing ore from the open pit. Planned production is expected to increase to 14,500t of copper in concentrate in 2024, when higher grade underground ore will be accessed and the proposed upgrades to crushing and milling equipment are incorporated.

Onsite Activities

In May 2021, the Company announced the procurement of long lead items for the restart of the Kombat Mine, including an order to Xinhai (Yantai) Mining Engineering Co., Ltd for the procurement of new flotation cells. The manufacture of all long lead items is now well underway and shipping from China is anticipated during August 2021. Other long lead plant items have been ordered locally from Namibian and South African suppliers, and delivery of various key equipment items is planned for September and October 2021.

At the Kombat Mine, the preparation of the processing plant for the arrival of the new equipment is progressing well, with local contractors stripping old components from the plant and upgrading existing useable components and structures. The previously operational mine has significant office, workshop and other infrastructure already in place, this has been refurbished by local contractors. The use of this existing infrastructure has resulted in material cost savings for the Company in terms of its establishment capital.

Progress is also well underway on the construction of the new tailings storage facility (“TSF”), with the selected area having been cleared and now ready for next phase.

The Company has also made payment in full for the installation of a 2.5 MVA power supply to the mine and work on this installation will commence in due course.

Commenting, Jed Richardson, President and CEO of Trigon, said, “We are extremely pleased with the progress we have made at Kombat over the past few months. It has been exciting to see the site come alive with activity after many years on care and maintenance, and we are on track with both our timelines and budget as we target production by the end of this year. At current copper prices, the mine will create significant shareholder value; additionally, we are very positive about the long-term copper price and if it does continue to strengthen, the Kombat Mine provides strong leverage for long term gains for shareholders.”

Approximately 80 contractors are currently on site working on the plant, offices and TSF establishment.

Trigon has appointed a senior management team at Kombat in addition to other key positions required at this stage of the restart process, such as a Health and Safety officer. Further appointments will be made by both the Company and the mining contractor over the next few months as the Company advances towards production.

NI 43-101 Mineral Resource Estimate Update and Mining

In early 2021, subsequent to the update of the Kombat mineral resource estimate in September 2020, Trigon undertook a resampling program on core retained from historic drilling of the Kombat area. Results of this program are currently being analyzed and modelled by the Company’s technical consultants, Minxcon (Pty) Ltd, and the updated NI 43-101 compliant mineral resource estimate will be published once available. An updated feasibility study including a life of mine plan for the open pit will be undertaken once the updated Mineral Resource has been completed.

Open pit mining will be outsourced to a local contractor, and the Company is in final stages of contract negotiations with the selected contractor. Contractor equipment mobilization and site establishment is scheduled to start in August 2021.

Concentrate Purchaser Financing

The Company is in advanced stage discussions with a metal trading group for both a financing facility and concentrate offtake once the Kombat Mine is in production. Final terms are subject to due diligence and internal approvals by the metal trader and will be announced in due course.

About Kombat Mine

The Kombat 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.

Qualified Person

Mr. Uwe Engelmann(BSc (Zoo. & Bot.), BSc Hons (Geol.), Pr.Sci.Nat. No. 400058/08, MGSSA) of Minxcon, is a “qualified person” as such term is defined in NI 43-101 and has reviewed and approved the technical information and data included in this press release. As a director of Minxcon, Mr. Engelmann is considered independent.

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 ability to obtain adequate financing, the Company’s ability to build the requisite infrastructure at the Kombat Mine, the Company’s ability to obtain the requisite equipment, 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

Trigon Metals Receives Environmental Clearance Certificate Required to Restart Copper Mining Operations at the Kombat Mine, Namibia

22 July 2021 by trigonmetals

TORONTO, ON – July 22, 2021 – Trigon Metals Inc. (TSXV:TM) (“Trigon” or the “Company”) announces the renewal of its Environmental Clearance Certificate (“ECC”) for mining activities on its Namibian Mining Licences including; Gross Otavi, Asis (including the Kombat Central, Kombat West and Kombat East deposits), Asis Far West (including the Asis West, Asis Far West and Asis Gap deposits) and Asis Ost (“the Kombat Mine”, “Kombat” or the “Project”). A new ECC was also granted for Trigon’s recently awarded, Exclusive Prospecting Licence 7525 (see press release dated February 10, 2020) from the Namibian Government (Ministry of Environment and Tourism).

The renewal of the ECC for open pit mining was a pre-requisite for the Company to commence copper mining operations at the Kombat Mine, marking a significant step toward production as open pit mining is planned to commence by the end of 2021. The ECCs are valid for a 3-year period.

Jed Richardson, President and CEO of Trigon, stated, “The renewal of the ECC for the Kombat Mine marks a key milestone as we prepare to commence copper production by the end of the year. We are pleased to have full support of the Namibian mining sector as we push forward to realizing the potential of Kombat for our shareholders and the country alike.”

About the Kombat Mine

The Kombat Mine is the flagship copper project of Trigon Metals Inc., with the Company’s mining and prospecting licences covering an area in excess of 7,500 ha in the Otavi Mountainlands in Namibia. The 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.

The Project is situated in the Otjozondjupa Region, Namibia on the southern tip of the renowned Namibian Copper Triangle, an area associated historically and currently with high grade copper mineralization.

The Project consists of a previous operational mine that was placed on care and maintenance in 2008 due to the economic downturn at the time. The mine consists of three vertical shafts as well as ramp systems, a processing plant, siding and paved roads that have all been maintained in excellent condition during the care and maintenance period. Target metals are copper, lead and silver which occur mainly in sulphide minerals.

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 permits 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 ECCs, the recommencement of mining operations at the Kombat Mine, the Company’s ability to obtain adequate financing; the Company’s strategies, the Company’s abilities to execute such strategies, the Company’s expectations for Kombat Mine and the Silver Hill 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.

For further information, contact:

Jed Richardson
+1 647 276-6002
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com

Trigon Metals Receives Definitive Approval for Mining Licence to Restart Copper Production at the Kombat Mine, Namibia

16 June 2021 by trigonmetals

TORONTO, ON, June 16, 2021 – Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) announces the renewal of its mining licence for the Kombat Mine (“Kombat” or “the Project”), a copper project comprised of five permits in Namibia. The Company holds an 80% interest in the Project, located in the Otavi Mountainlands, an area of Namibia particularly known for its high-grade copper deposits.

The renewal of the licence, issued for a 10-year period, allows for the restart of the Kombat Mine, where open pit mining is planned to commence by the end of 2021.

Jed Richardson, President and CEO of Trigon, stated, “The renewal of our licence at Kombat marks a key milestone as we prepare to commence copper production by the end of the year. With licences in hand, it is full speed ahead to become a revenue generating company, capable of funding further exploration of our significant land holdings in both Namibia and Morocco.”

About the Kombat Mine

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 permits 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 extension of the mining licences, the recommencement of mining operations at the Kombat Mine, the Company’s ability to obtain adequate financing; the Company’s strategies, the Company’s abilities to execute such strategies, the Company’s expectations for Kombat Mine and the Silver Hill 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.

For further information, contact:

Jed Richardson
+1 647 749 0001
jed.richardson@trigonmetals.com

Website: www.trigonmetals.com

Trigon Metals: Copper Silver Mineralization Intensifies in Fourth Fence Drilled at Silver Hill, Morocco

14 June 2021 by trigonmetals

TORONTO, ON – June 14, 2021 – Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) announces assay results from holes S22 through S25. The holes complete the easternmost fence drilled to test the geometry and extent of the copper and silver mineralization at the Silver Hill project (“Silver Hill” or the “Project”) in Morocco. The results comprise the fourth of four fences drilled at the Project.

Each of the holes demonstrated strong copper and silver mineralization. Two of the four holes show 30 metres of continuous mineralization. This fence of holes was drilled at the eastern extent of the drilling of this campaign and suggests that mineralization is intensifying in this direction.

Highlights

Hole S23: 32 metres of 0.77% copper and 28.5 g/t silver including;
- 11 metres @ 1.01% copper and 37 g/t silver; and,
- 12 metres @ 0.96% copper and 41 g/t silver
Hole S24: 30 metres of 0.73% copper and 21 g/t silver, including;
- 13 metres @ 0.91% copper and 39 g/t silver; and,
- 5 metres @ 0.98% copper and 20 g/t silver

See Table 1 below for detailed assay results from holes S22 — S25.

The four fences of drilling cover a relatively shallow well-mineralized area of about 750 metres in length and 200 metres wide that appears to open to the east, west and north.

Jed Richardson, President and CEO of Trigon Metals, said, “These holes represent some of the strongest mineralization we have seen in the four fences drilled. Our high grade trench [13 metres 2.7% copper, 34.5 g/t silver and 82ppm cobalt (reported February 21,2021)] lies almost 2 km east of this last fence. Our work over the next months will be determining if the two zones form one continuous zone of mineralization, parallel structures or separate but related bodies.”

Diagram 1: Two-Dimensional Cross Section of Fence 4 Drilling and Location Map

Drill core was analyzed by AfriLab, an independent SGS accredited laboratory in Marrakech. The Company is pleased with its progress, as geologists are attaining a more comprehensive understanding of the nature and size of the mineralization at the Project.

Table 1: Continuous Sample Data from Fence 4

Drill N^o	From	To	Ref	Cu (%)	Ag (g/t)
S22	40	41	221002	0.18	1.00
	41	42	221003	0.16	1.00
	42	43	221004	0.14	1.00
	43	44	221005	0.05	1.00
	44	45	221006	0.04	4.00
	45	46	221007	0.17	4.00
	46	47	221008	0.14	4.00
	47	48	221009	0.11	4.00
	48	49	221010	0.17	1.00
	49	50	221011	0.3	4.00
	50	51	221013	0.17	12.00
	51	52	221014	0.41	18.00
	52	53	221015	0.98	24.00
	16	17	121201	0.06	1
	17	18	121202	0.14	4
	18	19	121203	0.11	4
	19	20	121204	0.04	1
	20	21	121205	0.06	4
	21	22	121206	0.56	24
	22	23	121207	0.67	24
	23	24	121208	0.61	52
	24	25	121210	0.68	48
	25	26	121211	0.42	20
	26	27	121212	1.00	36
	27	28	121213	1.35	40
	28	29	121214	1.91	60
	29	30	121215	2.25	112
	30	31	121216	0.91	36
	31	32	121217	0.65	20
	32	33	121218	0.58	24
	33	34	121219	0.17	1
	34	35	121221	0.69	1
	35	36	121222	0.42	1
	36	37	121223	0.39	1
	37	38	121224	0.17	1
	38	39	121225	0.01	1
	39	40	121226	0.11	4
	40	41	121227	0.08	1
	41	42	121228	0.1	1
	42	43	121229	1.34	48
	43	44	121230	1.62	84
	44	45	121232	1.41	52
	45	46	121233	0.7	16
	46	47	121234	0.64	24
	47	48	121235	0.72	36
	48	49	121236	0.9	32
	49	50	121237	0.97	36
	50	51	121238	1.77	36
	51	52	221014	0.41	18
	52	53	221015	0.98	24
S23	13	14	121198	0.13	1
	14	15	121199	0.05	1
	15	16	121200	0.12	1
	16	17	121201	0.06	1
	17	18	121202	0.14	4
	18	19	121203	0.11	4
	19	20	121204	0.04	1
	20	21	121205	0.06	4
	21	22	121206	0.56	24
	22	23	121207	0.67	24
	23	24	121208	0.61	52
	24	25	121210	0.68	48
	25	26	121211	0.42	20
	26	27	121212	1.00	36
	27	28	121213	1.35	40
	28	29	121214	1.91	60
	29	30	121215	2.25	112
	30	31	121216	0.91	36
	31	32	121217	0.65	20
	32	33	121218	0.58	24
	33	34	121219	0.17	1
	34	35	121221	0.69	1
	35	36	121222	0.42	1
	36	37	121223	0.39	1
	37	38	121224	0.17	1
	38	39	121225	0.01	1
	39	40	121226	0.11	4
	40	41	121227	0.08	1
	41	42	121228	0.1	1
	42	43	121229	1.34	48
	43	44	121230	1.62	84
	44	45	121232	1.41	52
	45	46	121233	0.7	16
	46	47	121234	0.64	24
	47	48	121235	0.72	36
	48	49	121236	0.9	32
	49	50	121237	0.97	36
	50	51	121238	1.77	36
	51	52	121239	0.39	8
	52	53	121240	0.71	32
	53	54	121241	0.29	16
	54	55	121243	0.04	1
	55	56	121244	0.13	1
	56	57	121245	0.16	4
	57	58	121246	0.45	8
	58	59	121247	0.66	16
	59	60	121248	0.41	4
	60	61	121249	0.4	1
	61	62	121250	0.58	1
	62	63	121251	0.15	1
	63	64	121252	0.21	1
	64	65	121254	0.26	1
	65	66	121255	0.14	1
	66	67	121256	0.33	1
	67	68	121257	0.05	1
	68	69	121258	0.19	1
	69	70	121259	0.35	1
	70	71	121260	0.17	1
S24	79	80	121148	0.25	1
	80	81	121149	1.7	16
	81	82	121150	0.29	1
	82	83	121151	0.68	12
	83	84	121152	0.77	20
	84	85	121153	1.46	52
	85	86	121155	0.42	4
	86	87	121156	0.02	1
	87	88	121157	0.02	1
	88	89	121158	0.22	1
	89	90	121159	0.67	4
	90	91	121160	0.24	1
	91	92	121161	0.17	1
	92	93	121162	0.14	1
	93	94	121163	0.29	1
	94	95	121164	0.09	1
	95	96	121166	0.18	1
	96	97	121167	0.11	1
	97	98	121168	0.79	1
S25	38	39	121169	0.84	1
	39	40	121170	0.15	1
	40	41	121171	0.31	1
	41	42	121172	0.3	1
	42	43	121173	0.73	4
	43	44	121174	0.58	4
	44	45	121175	0.78	4
	45	46	121177	1.21	4
	46	47	121178	1.06	144
	47	48	121179	0.74	28
	48	49	121180	0.21	4
	49	50	121181	0.04	1
	50	51	121182	0.1	1
	51	52	121183	0.11	1
	52	53	121184	0.09	4
	53	54	121185	0.14	4
	54	55	121186	0.14	4
	55	56	121188	0.01	1
	56	57	121189	0.05	4
	57	58	121190	0.03	1
	58	59	121191	0.04	4
	59	60	121192	0.14	4
	60	61	121193	0.05	1
	61	62	121194	0.07	1
	62	63	121195	0.04	1
	63	64	121196	0.01	1

Qualified Person

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 Morocco and Namibia. In Morocco, the Company holds Silver Hill, a highly prospective copper and silver exploration project. Namibia is one of the world’s most prospective copper regions, where Trigon has substantial assets in place. 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.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding Silver Hill, current and future exploration programs, the mineralization at the Project, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Silver Hill and Kombat Projects, 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.

For further information, contact:

Jed Richardson
+1 647-276-6001
jedr@trigonmetals.com

Website: www.trigonmetals.com

Trigon Metals Announces High Grade Copper Results From Drilling At Silver Hill, Morocco

20 May 2021 by trigonmetals

TORONTO, ON – May 20, 2021 / Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) announces assay results from holes S16 through S21. The holes complete the westernmost fences drilled to test the geometry and extent of the mineralization at the Silver Hill project (“Silver Hill” or the “Project”) in Morocco. The results comprise the second and third of four fences drilled at the Project.

Each of the holes demonstrated strong copper and silver mineralization. The most significant of the results was hole S20 showing 31 metres of 0.74% copper and 23 g/t silver with higher grade intervals. The hole is drilled at the western extent of the drilling of this campaign and suggests that mineralization remains strong.

Highlights

Hole S16: 10 metres @ 0.98% copper and 20 g/t silver
Hole S17: 3 metre @ 1.41% copper
Hole S20: 31 metre @ 0.74% copper and 23 g/t silver including:
- 8 metre @ 1.35% copper and;
- 6 metre @ 1.23% copper and 75 g/t silver

See Figure 1 below for detailed assay results from holes S16 — S21

Jed Richardson, President and CEO of Trigon Metals, said, “Silver Hill continues to meet our highest expectations. The strength of these intercepts are particularly striking since they come at the western extent of our drilling. This firmly shows that the deposit remains open in all directions.”

Diagram 1: Two-Dimensional Cross Section of Fence 2 Drilling and Location Map

Diagram 2: Two-Dimensional Cross Section of Fence 3 Drilling and Location Map

Drill core was analyzed by AfriLab, an independent SGS accredited laboratory in Marrakech. Trigon has completed the drilling of an additional fence, the results of which will be reported in the coming weeks. The Company is pleased with its progress, as geologists are attaining a more comprehensive understanding of the nature and size of the mineralization at the Project.

Figure 1: Continuous Sample Data from Fence 2 and Fence 3

Drill N°	From	To	Ref	Cu (%)	Ag (g/t)
S16	24	25	121013	0.25	4
	25	26	121014	1.7	4
	26	27	121015	2.16	8
	27	28	121016	0.69	4
	28	29	121017	0.51	12
	29	30	121018	0.51	32
	30	31	121019	0.24	16
	31	32	121020	0.37	16
	32	33	121021	0.71	52
	33	34	121023	1.22	24
	34	35	121024	1.67	32
	35	36	121025	0.35	12
	36	37	121026	0.43	1
	37	38	121027	0.19	1
	38	39	121028	0.04	1
S17	39	40	121029	0.48	1
	40	41	121030	3.52	1
	41	42	121031	0.24	1
S18	57	58	121032	0.01	1
	58	59	121034	0.01	1
	59	60	121035	0.01	1
S19	7	8	121036	0.03	1
	8	9	121037	0.22	1
	9	10	121038	0.6	1
	10	11	121039	0.5	1
	11	12	121040	0.03	4
S20	7	8	121041	0.31	4
	8	9	121042	0.3	4
	9	10	121043	0.16	1
	10	11	121045	0.21	1
	11	12	121046	0.35	1
	12	13	121047	0.82	1
	13	14	121048	0.8	4
	14	15	121049	0.51	4
	15	16	121050	2.83	17
	16	17	121051	2.84	34
	17	18	121052	0.86	9
	18	19	121053	1.35	4
	19	20	121054	0.79	1
	20	21	121056	0.44	1
	21	22	121057	0.25	1
	22	23	121058	0.46	1
	23	24	121059	0.58	30
	24	25	121060	0.22	1
	25	26	121061	0.09	4
	26	27	121062	0.05	4
	27	28	121063	0.51	34
	28	29	121064	0.25	9
	29	30	121065	0.65	38
	30	31	121067	0.38	13
	31	32	121068	0.63	38
	32	33	121069	0.51	43
	33	34	121070	4.58	242
	34	35	121071	0.66	77
	35	36	121072	0.21	4
	36	37	121073	0.08	4
	37	38	121074	0.18	4
	38	39	121075	0.14	9
	39	40	121076	0.04	4
	40	41	121078	0.11	4
	41	42	121079	0.05	4
	42	43	121080	1.31	68
	43	44	121081	0.2	9
	44	45	121082	0.01	4
	7	8	121041	0.31	4
	8	9	121042	0.3	4
	9	10	121043	0.16	1
	10	11	121045	0.21	1
	11	12	121046	0.35	1
	12	13	121047	0.82	1
	13	14	121048	0.8	4
	14	15	121049	0.51	4
	15	16	121050	2.83	17
	16	17	121051	2.84	34
	17	18	121052	0.86	9
	18	19	121053	1.35	4
	19	20	121054	0.79	1
	20	21	121056	0.44	1
	21	22	121057	0.25	1
	22	23	121058	0.46	1
	23	24	121059	0.58	30
	24	25	121060	0.22	1
	25	26	121061	0.09	4
	26	27	121062	0.05	4
	27	28	121063	0.51	34
	28	29	121064	0.25	9
	29	30	121065	0.65	38
	30	31	121067	0.38	13
	31	32	121068	0.63	38
	32	33	121069	0.51	43
33	34	121070	4.58	242
34	35	121071	0.66	77
35	36	121072	0.21	4
36	37	121073	0.08	4
37	38	121074	0.18	4
38	39	121075	0.14	9
39	40	121076	0.04	4
40	41	121078	0.11	4
41	42	121079	0.05	4
42	43	121080	1.31	68
43	44	121081	0.2	9
44	45	121082	0.01	4
S21	45	46	121083	0.01	4
	46	47	121084	0.01	4
	47	48	121085	0.01	4

Qualified Person

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 Morocco and Namibia. The Company recently finalized the acquisition of the Silver Hill project, a highly prospective copper and silver exploration project in Morocco. Namibia is one of the world’s most prospective copper regions, where Trigon has substantial assets in place. 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.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the Silver Hill Project, current and future exploration programs, the mineralization at the Project, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Silver Hill and Kombat Projects, 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.

For further information, contact:

Jed Richardson
+1 647-276-6001
jedr@trigonmetals.com
Website: www.trigonmetals.com

Copper Production Planned for 2021 Year-End at Kombat Mine in Namibia

6 May 2021 by trigonmetals

TORONTO, ON – May 6, 2021 – Trigon Metals Inc. (TSXV:TM) (“Trigon” or the “Company”) announced today that procurement activities of long lead items are currently underway for the restart of Kombat Mine (the “Project”). The Company anticipates production to resume by the end of 2021.

Management anticipates initial production at Kombat will be 6,000t of copper in concentrate for calendar year 2022, with initial mining beginning late 2021 accessing ore from open pit sources. Planned production will increase to 16,500t of copper in concentrate in 2024, when higher grade underground ore begins to be recovered and as planned upgrades to crushing and milling are incorporated.

Commenting, Jed Richardson, President & CEO, “The order of long lead time items marks a point of no return in the restart process. Given the response from debt finance and the strength of the copper price, we are confidently moving forward with our production plans. We are targeting first concentrates to be shipped before year-end 2021 and positive cash flow in 2022.”

The Company has completed an order to Xinhai (Yantai) Mining Engineering Co., Ltd (“Xinhai”), for the procurement of new flotation cells to replace those in the original mill. The equipment utilizes high functioning, top quality technology. Going forward, the ongoing partnership between Trigon and Xinhai will centre on its role as an equipment supplier. Trigon will not pursue a financing arrangement with Xinhai or utilize any Chinese export credit facilities at this stage, and will instead aim to secure purchaser debt finance for the restart with the help of concentrate off takers.

According to the Company’s 2018 Feasibility Study for the Kombat open pit restart, the upfront capital cost for the Project, which includes the costs of refurbishment of the processing plant, installation of power infrastructure and mobilization of the mining contractor (including appropriate contingencies on all capital costs) is USD6.4 million. At present, approximately 40% of that figure has been spent, and the Company has realized some material cost savings. While much of the equipment from the old plant is in good working order, the Company has secured spares at low cost from other operations in Namibia.

Qualified Person

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 Morocco and Namibia. The Company recently finalized the acquisition of the Silver Hill project, a highly prospective copper and silver exploration project in Morocco. Namibia is one of the world’s most prospective copper regions, where Trigon has substantial assets in place. 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.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the restart of Kombat Mine, the timing of the restart of the Project, the expected costs of restarting the Project, the Company’s ability to finance the Project, future exploration programs, the potential mineral production and throughput of the Project; the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Kombat Project, 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.

For further information, contact:
Jed Richardson
+1 647-276-6001
jedr@trigonmetals.com
Website: www.trigonmetals.com

trigonmetals

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