Trigon Metals Announces Achievement of Key Mining Milestone — Underground Mining Operations Averaging 980 tpd of Ore Over 30-day Rolling Period at Kombat Mine, Namibia
Trigon has achieved a key milestone as required pursuant to the terms of the streaming agreement with
Following the success from its underground operations, Trigon has made the decision to pause its open pit mining activities with effect from the end of
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The successful recommissioning of the underground mine with commercial production declared on
May 23, 2024 , - Ability to mine 900 tonnes per day average over a 30 day period,
- The significant grade differential and positive contribution of the underground mining operations when compared to the open pit operations, and
- The current milling capacity constraint at the Kombat mine limits plant throughput to 1,000 tonnes per day, which in turn leads to the preferential feeding of higher-grade underground ore. The Company is able to fill any production shortfall through feeding of existing lower-grade stockpiles until such time as underground production reaches full steady state.
The mining contractor for the open-pit operations has been notified of the intended pause of open pit mining activities and will demobilise from the operations by the end of
Qualified Person
The technical information presented in this press release has been reviewed and approved for disclosure by
Change of Transfer Agent
Trigon also announces the appointment of
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
Cautionary Notes
This news release may contain forward-looking statements. These statements include statements regarding the Sprott Financing agreement, operating costs, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Kombat mine, the operations at the Kombat mine, the economic viability of the Kombat mine, the Company’s expected production, the Company’s ability to comply with the terms of the stream agreement, the impact of pausing open-pit 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
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For further information, contact:
+1 (647) 276-6002 x 1127
tom.panoulias@trigonmetals.com
Website: www.trigonmetals.com
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