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TSX-V: TM | FRA: TZU2 | OTCQB: PNTZF

Trigon Metals

Trigon Metals

Building A Mid-Tier African Copper Producer

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2018

Trigon Metals Announces Private Placement Financing

1 August 2018 by lftfield

Toronto, Canada – August 1, 2018 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) intends to complete a non-brokered private placement financing of up to 5,000,000 units (the “Units”) at a price of $0.15 per Unit for gross proceeds of up to $750,000 (the “Offering”). Each Unit will be comprised of one common share of Trigon (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Share at a price of $0.25 for a period of 36 months following the closing date of the Offering.

Closing of the Offering is expected to occur on or about August 15, 2018 and remains subject to a number of conditions, including receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

The Company intends to use the net proceeds from the Offering for initial project mobilization at the Kombat Mine, and for working capital and general corporate purposes.

Trigon Metals Inc.
Trigon is a publicly traded Canadian exploration and development company with its core operations focused on copper resources in Namibia, one of the world’s most prospective copper regions, where it has substantial assets in place with significant upside. The Company continues to hold an 80% interest in five mining licences in the Otavi Mountain lands, an area of Namibia particularly known for its high-grade copper deposits. Within these licences are three past producing mines including the Company’s flagship property, the Kombat Mine.

For further information, contact:
Stephan Theron
President & CEO
+1 (416) 861-5899
Email: stheron@trigonmetals.com
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 Offering, the expected use of proceeds of the Offering 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, as 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.

Filed Under: 2018, News

Trigon Metals Files NI 43-101 Technical Report in Support of the Kombat Open Pits Feasibility Study Results and Mineral Reserves, and Updates PEA Results on the Kombat Underground Mines and Gross Otavi

20 July 2018 by lftfield

HIGHLIGHTS

  • NI 43-101 Mineral Resource estimate for the Kombat Mine, comprising both the surface accessible (targeted open pit)
    and underground, of 1.529 million tonnes of Indicated Mineral Resources at a grade of 1.14% copper, 0.72% lead and
    2.88 g/t silver and 5.511 million tonnes of Inferred Mineral Resources (open pit and underground) at a grade of 3.05%
    copper, 1.25% lead and 22.93 g/t silver.
  • Positive Feasibility Study completed on the Kombat open pits, representing phase 1 of the Company’s life of mine
    operation to facilitate early cash flow generation.
  • Start-up capital cost for the Kombat targeted open pits of US$6.4 million, includes US$4.7 million for plant
    refurbishment.
  • Further optimized PEA completed on the Kombat underground mines and Gross Otavi.

TORONTO, July 20, 2018 — Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) is pleased to announce the filing of its updated National Instrument 43-101 technical report (the “technical report”) on the Company’s Kombat operations located in northern Namibia (“Kombat” or the “Kombat Mine”). This follows the Company’s press release issued on June 5, 2018 announcing the results of a feasibility study and reserve estimate on the surface mining areas of the Kombat Mine (the “Feasibility Study”).

The proposed surface mining operations in the Kombat East and Kombat Central areas (the “Kombat open pits”) represent the first phase of the Company’s life of mine (“LoM”) strategy on which the Feasibility Study was undertaken. The details of the Feasibility Study are presented in the technical report.

[embeddoc url=”https://www.trigonmetals.com/site/wp-content/uploads/NI43-101-and-PEA-final.pdf” download=”all” viewer=”google”]

Filed Under: 2018, News

Trigon Receives Environmental Clearance Certificate to Commence Open Pit Mining and Underground Dewatering

10 July 2018 by lftfield

TORONTO, July 10, 2018 — Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) is pleased to announce that it has received the environmental approvals required to commence with open pit mining and dewatering for underground exploration activities at the Company’s Kombat project located in northern Namibia (“Kombat”).

The Company has received notification from the Ministry of Environment and Tourism in Namibia that it has been awarded an Environmental Clearance Certificate for open pit mining operations proposed for the Kombat East and Central areas. The notification also includes clearance for dewatering for underground exploration activities, which the Company intends to undertake, initially at the Asis Far West shaft. The clearance is valid for a period of three years from July 2, 2018.

The environmental approvals are the last outstanding regulatory approval required for the proposed open pit mining operations, and the Company now intends to progress onsite preparations for refurbishment of the mill and concentrator and selection and appointment of the mining contractor.

Stephan Theron, President and CEO of Trigon, commented: “We are extremely pleased to have received this environmental approval, which brings us one step closer to achieving our short term strategy of open pit mining at Kombat, as well reaccessing the former underground operations areas which are the long-term future for mining at Kombat. We are excited to receive this key approval and look forward to commencing with restart activities on site.”

Trigon Metals Inc.
Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper operations in Namibia, one of the world’s most prospective copper regions, where it has substantial assets in place. The Company continues to hold an 80% interest in five mining licenses in the Otavi Mountain lands, an area of Namibia widely recognized for its high-grade copper deposits. Within these licenses are three past producing mines including the Company’s
flagship property, the Kombat Mine.

For further information, contact:
Stephan Theron
+1 (416) 861 5899
stheron@trigonmetals.com
Website: www.trigonmetals.com

Cautionary Notes
This news release may contain forward-looking statements. These statements include statements regarding environmental approvals, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s ability to restart the Kombat operations, the Company’s expectations for the Kombat 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.

Filed Under: 2018, News

Trigon Enters Into Loan Agreements

9 July 2018 by lftfield

TORONTO, July 09, 2018 — Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) has entered into (i) a loan agreement with Aberdeen International Inc. (“Aberdeen”) pursuant to which Trigon has borrowed $200,000 from Aberdeen (the “200 Loan”); and (ii) a loan agreement with Aberdeen pursuant to which Trigon has borrowed CAD$275,000 from Aberdeen (the “275 Loan”). Each loan is unsecured and subject to an interest rate of 12% per annum. The 200 Loan matures on November 30, 2018 and the 275 Loan matures on December 26, 2018. The Company expects to use the proceeds from the loans to prepare a definitive feasibility study for the Kombat Mine and for general corporate and working capital purposes.

Pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), each of the loans constitutes a “related party transaction” as Aberdeen is a related party of Trigon as it owns more than 10% of the issued and outstanding common shares of Trigon. The Company is relying on an exemption from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the value of the loans is less than 25% of the Company’s market capitalization.

Trigon Metals Inc.
Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper operations in Namibia, one of the world’s most prospective copper regions, where it has substantial assets in place. The Company continues to hold an 80% interest in five mining licenses in the Otavi Mountain lands, an area of Namibia widely recognized for its high-grade copper deposits. Within these licenses are three past producing mines including the Company’s
flagship property, the Kombat Mine.

For further information, contact:
Stephan Theron
+1 (416) 861 5899
stheron@trigonmetals.com

Cautionary Notes
This news release may contain forward-looking statements. These statements include statements regarding the loans, use of proceeds of the loans 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.

Filed Under: 2018, News

TRIGON METALS TO HOST CONFERENCE CALL AND WEBCAST ON JUNE 11, 2018 TO PRESENT FEASIBILITY STUDY RESULTS

11 June 2018 by lftfield

Toronto, Canada – June 8, 2018 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) invites interested parties to participate in a conference call and webcast of the results of its feasibility study on the Kombat surface mining operations and plant restart as released on June 5, 2018.

Date: Monday, June 11, 2018
Time: 11:00 EDT

Conference call and webcast details:
• North American participants: toll-free number 1 (844) 462-0592
• International participants call: (409) 983-9723
• The conference call is being webcast and can be accessed live at Trigon’s website at: www.trigonmetals.com
• Presentation slides of the feasibility study results will also be accessible on Trigon’s website at www.trigonmetals.com
A replay of the webcast will be made available on the Company’s website following the presentation.

[embeddoc url=”https://www.trigonmetals.com/site/wp-content/uploads/TM-feasibility-study-webcast-final.pdf” viewer=”google”]

Filed Under: 2018, News

TRIGON METALS ANNOUNCES RELEASE OF FEASIBILITY STUDY (THAT SHOWS A 103.4% IRR FOR ITS KOMBAT SURFACE MINING OPERATIONS AND PLANT RESTART

7 June 2018 by lftfield

HIGHLIGHTS OF THE FEASIBILITY STUDY (PHASE 1) PRODUCTION RESTART:

  • Positive Feasibility Study confirms Phase 1 of the restart program to self-fund mill refurbishment and the reopening of the AFW shaft
  • Robust base case after tax IRR of 103.4%
  • Start-up capital cost for the Kombat open pits of US$6.4 million, includes US$4.7 million for plant refurbishment
  • In 2020, 10.7 million lb of copper produced, generating projected revenue of US$30.7 million, at a copper price of US$3.10/lb and a C1 cash cost of US$1.85/lb (base case)
  • Base case free cash flows of US$5.7 million (US$7.7 million, at a high case copper price of US$3.28/lb) to be utilized to fund exploration at AFW underground mine to achieve life of mine strategy
  • Offtake and project finance facility (announced in September 2017) to be finalized on the back of the Feasibility Study submission to the lender
  • Pre-Feasibility Study for the underground reopening to be completed in near term

[divider]
[embeddoc url=”https://www.trigonmetals.com/site/wp-content/uploads/TM-feasibility-study-final-for-distribution.pdf” viewer=”google”]

Filed Under: 2018, News

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