Business
Trigon Metals Restarts Mining at Kombat Copper Project Ahead Of Schedule
TORONTO / May 10, 2023 / Business Wire / Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) is pleased to announce, as of yesterday, May 9
About this update from Safi Silver Corp.
[{"type":"text","content":"TORONTO / May 10, 2023 / Business Wire / Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) is pleased to announce, as of yesterday, May 9, 2023, a successful first mining blast and the official restart of mining operations from its Kombat mine open pit, ahead of initial projections. Trigon President and CEO, Jed Richardson, commented: “I would like to thank our staff, contractors, suppliers, local partners and the Namibian government for their efforts in getting Kombat back into production after our pause in July 2022. This is an important milestone for our Company and the Kombat community. We are excited to begin production and look forward to the continued growth of our operations at Kombat.\" Video footage of the first blast is viewable at the following link: https://www.youtube.com/watch?v=kjoMYDWkW2k Now that mining has commenced, ore will be stockpiled at the mill. First concentrate shipments are anticipated in fiscal Q2. Copper production of 4.4 million pounds is anticipated from the open pit by March 31, 2024 (fiscal year end), growing to 6.8 million pounds in our first full year of production. The next quarter is expected to also mark the beginning of water pumping from underground in anticipation of reopening underground mining in 2024. The Kombat Mine The Kombat Mine is currently the only operating commercial copper mine in Namibia. Mining operations originally commenced in 1962, having produced a total output of 12.5 million tonnes of ore grading 2.6% copper on average until 2008. The mine still boasts NI 43-101 measured and indicated open pit and underground resources of an additional 12.2 million tonnes at an average grade of 1.9% copper. Exploration potential exists close to existing workings at surface and underground, alongside 35km of mineralized strike-length Trigon has yet to explore. The inherited mine infrastructure has an estimated value of more than USD $150 million, including; a mill that can process 1,100 tonnes/day, an 800m shaft with two other vertical shafts, extensive underground workings, a tailings facility, ramp systems, mine buildings and concentrator. 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. Tri...