RESTART: Saleable Copper Metal Tonnes 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 [...]
TORONTO, April 25, 2018 -- Trigon Metals Inc. is pleased to provide an update on various workstreams in terms of its strategy to bring the Company’s Kombat operations located in northern Namibia back into production. The Company is targeting the commencement of open pit mining at Kombat by the end of the third quarter of 2018. Feasibility study on track for completion by the end of May 2018. Environmental reports to [...]
HIGHLIGHTS Trigon Metals Files an Updated NI 43-101 Technical Report Including PEA Results Confirming a Further Improved NPV for the Kombat Mine NI 43-101 Mineral Resource estimate for the Kombat Mine, comprising both the surface accessible 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 [...]
March 02, 2018 -- Trigon Metals Inc. has closed the second and final tranche of its previously announced non-brokered private placement of units . In this Second Tranche, the Company issued 271,428 units at a price of $0.35 per Unit for aggregate gross proceeds of $95,000. Each Unit consists of one common share of the Company and one common share purchase warrant . Each Warrant entitles the holder thereof to acquire one [...]
Updated and improved PEA NPV of estimated US$86.7 million with highly attractive internal rate of return of 98.6%. Forecast open pit production of approximately 4,000 tonnes of copper per annum, at an average C1 cash cost of US$1.32/CuEq tonne over the life of mine of Kombat. Upgraded NI 43-101 Mineral Resource estimate for the open pit portion of the Kombat Mine of 1.529 million tonnes of Indicated Mineral Resources at a [...]
Trigon Metals has closed a non-brokered first tranche of its previously announced private placement of units. The Company issued 1,428,571 units to Aberdeen International pursuant to the First Tranche at a price of $0.35 per Unit for aggregate gross proceeds of $500,000. Each Unit consists of one common share of the Company and one common share purchase warrant . Each Warrant entitles the holder thereof to acquire one [...]
Trigon Metals Inc. announces that Forbes & Manhattan Resources Inc. and certain other investors will subscribe to a private placement financing of up to 5,714,285 units at a price of $0.35 per Unit for gross proceeds of up to $2,000,000 . The Offering Each Unit will be comprised of one common share of Trigon and one common share purchase warrant . Each Warrant will entitle the holder thereof to acquire one Share at a [...]
Trigon Metals Inc. is pleased to announce positive results in respect of the metallurgical testwork commissioned on historic drill cores from the targeted open pit mining areas at the Company's Kombat mine in Namibia. Trigon has completed the metallurgical testwork in two phases; firstly to determine the concentrate grade and recoveries achievable using known historic flotation conditions, and secondly, optimization [...]
HIGHLIGHTS Offtake for 100% of annual production from the Kombat mine for up to 20,000mt of copper. Financing facility of up to US$7.7 million for the Kombat mine production start up. Project restart activities well underway to achieve commencement of production by mid-2018. Infill drilling program complete as first step in updating current Mineral Resource estimate that will be basis for feasibility study. Environmental [...]
Trigon Metals Inc. is pleased to announce that it has commenced its drilling program, as previously announced on September 5, 2017, with the first drill rig having been mobilized to site on October 3, 2017. The drilling program is focused on the Kombat Central and East areas targeted by the Company for open pit mining, with the primary aim of the first stage of the program being infill drilling to upgrade the current [...]
TORONTO, ONTARIO--(Marketwired - Sep 25, 2017) - Trigon Metals Inc. (TSX VENTURE:TM) ("Trigon" or the "Company") is pleased to announce that it has received the environmental approvals required to commence with exploration on the area targeted for open pit mining at the Company's Kombat project located in northern Namibia ("Kombat"). The Company has received notification from the Minister of Environment and Tourism in [...]
TORONTO, ONTARIO--(Marketwired - Sep 5, 2017) - Trigon Metals Inc. (TSX VENTURE:TM) ("Trigon" or the "Company") is pleased to announce that it has initiated various operations restart activities at the Company's Kombat project located in northern Namibia ("Kombat"), including a drilling program. Restart activities The Company is concurrently progressing various workstreams regarding its strategy to bring the Kombat Mine [...]
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