trigonmetals

Join us next Tuesday for a live webinar, where Trigon Metals’ President and CEO, Jed Richardson, will provide an in-depth overview of the commercial copper production at Kombat Mine.

Tuesday, November 7th at 10:00am PT/1:00 pm ET.

About Trigon Metals (TSXV:TM)
Trigon Metals is leading the way in the exploration, development and production of copper and silver in Africa’s best jurisdictions. The Company’s flagship is the Kombat Copper Mine in Namibia which commenced commercial production on October 11th, 2023.

• Kombat Mine Production
  ​​​​​​​​• Project benefits from $150M+ in  infrastructure
  • Restarted mining operations in May 2023 
  • Commercial Production declared October 2023
  • Life of mine: +12 years and growing
  • Copper production growth (CAGR) 96% between 2024 -2027
  ​​​​​​​• Underground production to restart in H1 2024
• Resource
  ​​​​​​​​• Combined Resource (Open Pit & Underground)
  ​​​​​​​       • Total Indicated 12.22Mt 1.94% Cu 13.67g/t Ag
         • Total Inferred 1.91Mt  2.19% Cu 6.13 g/t Ag
• Exploration
  ​​​​​​​​• +35km of strike length of mineralization with multiple known copper occurrences at surface
  • High-grade mineralization (13m of 4.2% Cu) intercepted at the East 400 area, 250m east of the Kavango Pit

TORONTO — October 25, 2023 — Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) is pleased to provide an update on work on the establishment of the Kombat underground mine planned for early 2024. Dewatering the underground mine began in September 2023. Water levels have decreased 157m in the first month of pumping and is on track to have the shaft fully dewatered by year-end. This will allow for mining to begin in the first half of 2024.

In July and August 2023, Trigon installed two powerful (2.5MW) submersible pumps in the main shaft at Asis West, together with 7.2 MW of emergency backup generators to ensure uninterrupted power. The water pumped out of the mine is potable and piped into an open canal that feeds reservoirs near Windhoek, the capital of Namibia. An extensive hydrogeology study was completed to understand water related to the mine. The pumps have the capacity to remove in excess of 2,000 cubic metres per hour, sufficiently more than the total inflow when the mine is completely drained.

Commenting, Jed Richardson, Trigon President and CEO, “Now that open pit mining has achieved commercial production, processing 1,000 tonnes per day of ore and shipping 250 tonnes of concentrate a week. It is important to understand work is well underway to expand the mill’s throughput and commence mining from the underground, leading to a tripling of production profile while lowering production costs and amplifying profitability.”

The mining fleet for underground mining is expected to begin to arrive in December 2023, providing sufficient time to prepare stopes and train staff before the planned start-up.

Trigon Investor and Local Partner, Knowledge Katti commented, “The Kombat mine is a very important project for Namibia especially the children from the Kombat community. Once in full production, Trigon Namibia will deliver sustainable benefits for years to come, including an expected minimum of 800 direct jobs. The supporting shareholders are all working together as a partnership to deliver positive outcomes for all our stakeholders. The project has already been instrumental in supplying underground water to the Namibian national water company. We anticipate this partnership continuing for the foreseeable future since we upgraded our infrastructure to be able to pump more water to the Omatako Dam. We are looking forward to more success on behalf of all stakeholders.”

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 and Addana projects, highly prospective copper and silver exploration projects.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the Kombat Mine, the reopening of the Kombat Mine, the Company’s ability to restart operations, the dewatering of the Kombat underground mine, the economic viability of the Kombat Mine, the Company’s ability to mine underground and the related timelines, the impact of new personnel on the Company’s operations, the ability to obtain adequate equipment and requisite financing, reliance by the Company on contractors, the infrastructure required for Trigon’s operations 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:

Jed Richardson
+1 647 276 6002
jed.richardson@trigonmetals.com

Website: www.trigonmetals.com

TORONTO –October 16, 2023 –Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) is pleased to announce a significant milestone as achieved commercial production as of October 11, 2023, at its Kombat Mine in Namibia. This achievement marks a major step forward in Trigon’s journey towards becoming a leading mid-tier copper producer.

Commercial production status is defined as operating at 70% of production capacity over a period of 30 consecutive days. This is a testament to the dedication and hard work of the entire team and represents a track record of steadfast commitment to achieving operational targets and managing costs effectively. Achieving this milestone marks a pivotal moment in the growth of the Company, enhancing the economic viability of the Kombat Mine.

Commercial production status has been achieved swiftly in accordance with Company targets. The mill started producing concentrate on August 3^rd of this year (see press release dated August 10, 2023). The Company proceeded to operate for its first full day of production on August 21, 2023 (see press release dated August 24, 2023) and ramped up quickly to commercial levels. Over the past 30 days, the mill has operated at 77.8% of capacity with average recoveries of 86% Cu, producing 650 tonnes of concentrate and Trigon’s concentrate product is being shipped to port daily.

Namibian Investor and Local Partner Knowledge Katti, expressed his congratulations, saying, “The Kombat mine is a very important project for Namibia, especially the children from the Kombat community. Trigon will deliver sustainable benefits for years to come, including 500 direct jobs already in place. The supporting shareholders are all working together as a partnership to deliver positive outcomes for all our stakeholders. This milestone is a testament to the strength of our 500-person workforce and the cooperation of the local communities.”

Fanie Muller, Vice President of Operations at Trigon Metals, said, “This achievement is a testament to the relentless efforts and dedication of our team members. I am incredibly proud of our staff for their hard work and commitment during the commissioning phase. We will take a moment to enjoy this significant milestone, and at the same time gear up for the next growth phases of the Kombat Mine which include the restart of the underground operations and the mill expansion project.”

Trigon Metals remains committed to its goal of responsible mining and development in mining-friendly African jurisdictions. The Company will continue to prioritize safety, environmental stewardship, and community engagement as we move forward with our operations.

For ongoing updates and a behind-the-scenes look at our projects, follow Trigon Metals on LinkedIn, Facebook, YouTube, X, and Instagram.

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 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

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 Kombat Mine, the mineralization of the Kombat Mine, the economic viability of the Kombat Mine, the operations of the Kombat Mine, the Company’s ability to restart and continue operations 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.

Contacts

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

TORONTO – October 5, 2023 – Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) is pleased to report that on Friday, September 29th, 2023, the Company shipped its first copper concentrate product from the Kombat mine in Namibia. This milestone marks the beginning of cash flow from the operation. 

During the month of September, mining operations continued to perform well, providing a consistent plant feed averaging 1.2% copper in line with the mine plan. 

The Kombat Mill operated 23 days in September at an average daily throughput of 718 tonnes per day, corresponding to 72% capacity. By the end of September production ramped up to strong with steady operation consistently above 95% capacity from September 16th onwards. The Company is on track to declare commercial production in the second week of October. 

Copper recoveries have averaged 80.5% for the month. As production settled into steady operation from mid-September, the mill has achieved recoveries of 84.8%, in line with projected recoveries of 85.0%. 

A total of 470 tonnes of concentrate was produced in September with an average concentrate grade of 35.3% copper and 345 g/t of silver. To date, 101 tonnes have been shipped and shipments continue as finished concentrate at site has begun to overwhelm onsite storage facilities. 

Jed Richardson, Trigon’s President and CEO, commented, “Another tremendous milestone for the team at Kombat, as cash flow begins. Mining and milling operations are performing optimally. All credit to the fantastic team onsite.” 

Figure 1: Copper Concentrate Produced at Kombat Mill 

Figure 2: Inside the Kombat Mill During Operation 

Figure 3: Truck Loaded with Bags of Kombat Mine Copper Concentrate for Shipment 

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 

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 Project, the mineralization of the Project, the Company’s exploration plans and results thereof, the prospectivity of the Project, the economic viability of the Project, the Company’s ability to restart operations 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) accept responsibility for the adequacy or accuracy of this release.

TORONTO – September 21, 2023 – Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) announces results from confirmation drilling at the Kombat Mine in Namibia (the “Project”) with key highlights from the drilling campaign. The reported results are from the East 400 area, and the Kavango North Pit. The East 400 area is located 250m east of the Kavango Pit where mining began in May 2023. 

Highlights of the Drill Results 

The team has drilled some confirmation holes in the East 400 area. East 400 is the smallest and shallowest of the planned pits at the Kombat mine. The following holes have dramatically extended the known mineralization and mineable tonnage in the zone. The following are a couple of the best results: 

E400FLW-006 (1.77 azimuth, -58.3 dip) 

Intersected 5.4 m, 1.3% Cu and 13.1 g/t Ag, from surface, and 
intersected 4.0 m, 6.6% Cu and 75.4 g/t Ag, from 27.0 m 

E400FLW-007 (176.1 azimuth, -57.7 dip) 

Intersected 13.0 m, 4.2% Cu and 10.1 g/t Ag, from 34.0 m, and 
Intersected 7.0 m, 1.9% Cu and 7.0 g/t Ag, from 59.0 m, and 
Intersected 4.0 m, 0.9% Cu and 4.1 g/t Ag, from 78.0 m 

Jed Richardson, Trigon’s President and CEO, commented, “We are thrilled with the exceptional drilling results at the East 400 area. These findings further demonstrate the high-grade copper potential within our licences and solidify our confidence in the exploration and development of the Kombat project.” 

Company Update 

Production at Kombat continues to outperform expectations; concentrate production continues to build, with concentrate grades around 30% copper, and recoveries are above 80%. The mill has been running continuously for over the last 96 hours without interruption at a rate of 95% capacity. 

In addition to the successful drilling outcomes at the East 400 area, Trigon has initiated drilling activities at the recently acquired Silver Hill Project in Morocco. The 2,000-metre drill program is nearing its end, mineral assays will now be taken and reported to the market in due course. 

Figure 1: Map of the East 400 Planned Pit Area Showing Hole Locations 

Drill holes are spaced at <7.5m intervals, testing gaps areas between the historical drilling and measuring contact between sulfide and oxide mineralization. 

Figure 2: Drill Core – Hole E400FLW-006 

Figure 3: Drill Core – E400FLW-007 

The wet drill core picture in Figure 3 shows visible sulfide mineralization. 

The assays have been prepared and classified by Trigon Mining (Namibia)(Pty) Ltd in accordance with the reporting guidelines as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) as required by the Canadian Securities Administrators. 

Quality Assurance & Quality Control (QA/QC): 

All sample assay results have been monitored through the Company’s quality assurance / quality control (QA / QC) program following E2941 − 21 Standard Practices for Extraction of Elements from Ores and Related Metallurgical Materials by 4 acid Digestion with ICPOES finish. Drill core was sent to an independent laboratory, African Laboratory Specialists Namibia (“ALS”), for analysis. ALS is an independent laboratory, located in Kombat, Namibia. Core samples were prepared using the ASTM procedures. Sample size: 3 kg, crushed split to 250g weighed sample (+/- 0.5000g). 

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. 

Warrants Extension 

Further to Trigon’s September 20, 2023 press release, the Company’s 735,999 common share purchase warrants previously set to expire on October 13, 2023 with an exercise price of $0.45 have been extended to March 31, 2024. 

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 Kombat Mine and Silver Hill Project, the mineralization of the Kombat Mine and Silver Hill Project, the Company’s exploration plans and results thereof, the prospectivity of the Companies Projects, the economic viability of the Kombat Mine, the Company’s ability to restart operations 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) accept responsibility for the adequacy or accuracy of this release

TORONTO – September 20, 2023 – Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) announces that the TSX Venture Exchange has approved the Company’s application to extend the term of (i) 3,781,250 common share purchase warrants previously set to expire on September 20, 2023 with an exercise price of $0.50, (ii) 6,889,499 common share purchase warrants previously set to expire on September 24, 2023 with an exercise price of $0.45, and (iii) 735,999 common share purchase warrants previously set to expire on October 8, 2023 with an exercise price of $0.45, each to March 31, 2024. 

A total of 892,500 warrants are held by parties who are considered to be “related parties” of the Company. Therefore, the amendment of such warrants constitutes a “related party transaction” as contemplated by Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions, and TSXV Policy 5.9 – Protection of Minority Shareholders in Special Transactions. However, the exemptions from formal valuation and minority approval requirements provided for by these guidelines have been relied upon as the fair market value of the warrants held by insiders does not exceed 25% of the market capitalization of the Company. 

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 and Addana projects, highly prospective copper and silver exploration projects. 

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 extension of the term of the Trigon common share purchase warrants 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 

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. 

For further information, contact: 

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