Annuncio • May 30
Safi Silver Corp. Announces Management Changes Safi Silver Corp. announced that Damian Lopez had resigned as Corporate Secretary of the Company and Paul Bozoki, CFO of Safi Silver Corp., would take on the role of Corporate Secretary. Annuncio • May 21
Safi Silver Corp Provides Update on Addana Drilling Program Safi Silver Corp. reported that drilling is complete on the first hole of the Addana campaign, and has commenced on the second hole. Hole #2 is expected to be completed before May 23. The current phase of drilling is focused on targets located in the southwestern portion of the Addana property, where historical work and recent field mapping have identified structurally controlled mineralized zones in quartz-carbonate veins, considered highly prospective for polymetallic silver mineralization. The Company reports that drilling operations have progressed smoothly to date. Recovery of drill core and geological logging is meeting the Company’s expectations. Once recovered, the core is systematically processed, photographed, logged, and prepared for sampling at the Company’s new and secure facilities in the town of Igdi prior to shipment for analytical testing. Samples from the Addana drilling program will be analyzed by Afrilab, a SGS and ISO-certified independent analytical laboratory located in Marrakech, Morocco. The laboratory has previously been utilized by the Company for exploration programs within Morocco and provides internationally recognized analytical services for precious and base metal exploration projects. Afrilab utilizes fire assay, atomic absorption spectroscopy (AAS), and inductively coupled plasma mass spectrometry (ICP-MS). Such methods are ideal for this program, given the precious and base metals mineralization targeted at Addana. As core is recovered, it is being geologically logged and sampled in batches to maintain a consistent flow of material to the laboratory. This approach allows us to maintain strong quality control procedures while ensuring timely assay turnaround as the program advances. Drilling at Addana represents another important milestone in Safi Silver’s transition toward becoming a focused Moroccan polymetallic silver exploration company. The initial drill program at Addana is designed to test priority targets identified through historical exploration, surface sampling, geological mapping, and structural interpretation. The Company expects to provide additional operational updates as drilling progresses and assay results become available. The scientific and technical information contained in this news release has been reviewed and approved by Dr. Andreas Rompel, (Pr.Sci.Nat., FSAIMM)., Chief Exploration of Safi Silver, who is a “Qualified Person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Annuncio • Apr 03
Trigon Metals Inc. completed the Spin-Off of Safi Silver Corp. Trigon Metals Inc. agreed to Spin-Off Safi Silver Corp. on February 14, 2024. The Trigon Shareholders will receive one New Trigon Share and 0.5 Silver Hill project Common Shares in exchange for each Trigon Share held immediately prior to completion of the Proposed Arrangement. The Proposed Arrangement remains conditional on the approval of the Trigon Shareholders at the annual general and special meeting, the TSX Venture Exchange and the Ontario Superior Court of Justice. Additionally, completion of the Proposed Arrangement is conditional upon, among other things, completion of a concurrent financing of Spinco and conditional approval for listing the Spinco Common Shares on a recognized Canadian stock exchange. As of February 26, 2024, Trigon Metals has received an interim order from the Ontario Superior Court of Justice and has scheduled its annual general and special meeting of shareholders to be held on April 9, 2024. TSX Trust Company acted as a transfer agent in the transaction.
Trigon Metals Inc. completed the Spin-Off Safi Silver Corp. on April 1, 2026. In connection with the Amalgamation, Trigon Metals Inc. has changed its name to “Safi Silver Corp.", subject to final acceptance of the TSX Venture Exchange. Trigon Metals' trading symbol on the TSXV will also change to “SF” and the trading symbols on the OTC Markets (OTC Pink) and Frankfurt Stock Exchange (FSE) will remain unchanged. The common shares will begin trading under the name “Safi Silver Corp.” and the “SF” ticker, effective April 6, 2026. Annuncio • Mar 03
Trigon Metals Inc. Mobilizes Drilling Campaign At Addana Project In Morocco Trigon Metals Inc. announced that its inaugural exploration drilling campaign at the Addana Project in southern Morocco has been mobilized. Twelve (12) diamond drill holes planned for up to 2,100 metres in total. Target depth per hole: 150–200 metres. GeoSond Maroc contracted to conduct the drilling. Core shack to be built and field team identified. Five holes planned at Antenna Hill and seven holes at Addana Southwest. The Addana Project comprises seven exclusive prospecting permits covering approximately 112 km² in the Addana Mountains, within the province of Tata in southern Morocco. Located near Akka, roughly 300 km southeast of Agadir, the Project is easily accessible via the Agadir–Tata highway and benefits from established local infrastructure. Addana was selected as Trigon’s flagship Moroccan project due to its potential for near-surface, high-grade silver-lead polymetallic mineralization, supported by historic artisanal mining and extensive surface sampling. Morocco continues to strengthen its position as a mining-friendly jurisdiction with modern infrastructure, clear regulatory frameworks, and a growing profile in precious metals. As global silver prices remain robust, driven by industrial and energy-transition demand, Addana is well-positioned within a region that hosts Africa’s largest silver mine and is emerging as a key destination for new silver discoveries. The scientific and technical information in this release has been reviewed and approved by Dr. Andreas Rompel, Pr.Sci.Nat. (400274/04), FSAIMM, the Company’s “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Rompel is Trigon’s Chief Exploration Officer and is not considered to be independent of the Company. Annuncio • Jan 22
Trigon Metals Inc. Announces Executive Changes Trigon Metals Inc. announced that Mr. Rennie Morkel departs his role as President of Trigon and will continue with Horizon Corporation in his leadership role at the New Horizon Mine. Mr. Morkel played a central role in overseeing operations during a pivotal period for Trigon and in supporting the successful execution of the Horizon transaction. The Company thanks Mr. Morkel for his contributions and wishes him continued success with Horizon. As part of Trigon’s renewed exploration focus, the Company announced that Dr. Andreas Rompel has transitioned from Vice President, Exploration to Chief Exploration Officer. Dr. Rompel brings more than 35 years of international exploration experience and deep technical expertise in mineral systems analysis, exploration strategy, and project evaluation, having started his mining career on the African continent with Anglo American in 1988. Since joining Trigon, Dr. Rompel has been instrumental in shaping the Company’s exploration approach and advancing its Moroccan asset base. In his expanded role, he will continue to lead exploration strategy across Trigon’s portfolio. Annuncio • Dec 18
Trigon Metals Inc., Annual General Meeting, Mar 05, 2026 Trigon Metals Inc., Annual General Meeting, Mar 05, 2026. Annuncio • Nov 18
Trigon Metals Inc., Annual General Meeting, Jan 15, 2026 Trigon Metals Inc., Annual General Meeting, Jan 15, 2026. Annuncio • Oct 22
Trigon Metals Inc. to Begin Drilling Campaign At Addana Project, Morocco Trigon Metals Inc. announced the launch of its inaugural drill program at its Addana Project in southern Morocco. The campaign is planned to commence before the end of the month, targeting structurally controlled silver-lead polymetallic vein systems across the Company's 112 km2 permit package in the Addana Mountains. The Addana Project comprises seven exclusive prospecting permits covering approximately 112 km2 in the Addana Mountains, within the province of Tata in southern Morocco. Located near Akka, roughly 300 km southeast of Agadir, the Project is easily accessible by the Agadir-Tata highway and benefits from well-developed local infrastructure. Addana was selected as Trigon's Moroccan project due to its potential for near-surface, high-grade polymetallic mineralization, which is supported by historic artisanal mining and extensive surface sampling. Geologically, Addana lies within the Bani Group of Ordovician quartzites and schists, folded into a broad anticline forming the Addana Range. Mineralization occurs as a network of silver-lead veins, often with zinc and copper, following brittle deformation zones and quartz-carbonate vein systems. Surface mapping and trenching have revealed numerous parallel veins extending up to 2.5 km in length, with grab samples returning assays as high as 564 g/t silver, 24.8 % lead, and 5.3 % zinc. These results highlight the Project's potential for significant, structurally controlled mineralization at depth. Trigon's upcoming drilling program is designed to confirm continuity and grade of the mineralized veins below the shallow workings historically exploited by artisanal miners. Drill fences have been planned across key vein corridors to test both strike and depth extensions, while downhole surveys and core orientation will provide structural data essential for modelling the mineralized system. At Antenna Hill, 5 holes are expected to be drilled as well as 7 holes at Addana SW. Each hole will be logged and split for multi-element assays including silver, lead, zinc, and copper. A comprehensive QA/QC protocol, including certified standards, blanks, and duplicates, will ensure the reliability of assay results. Geotechnical and structural logging will be fully integrated into the program design to guide future targeting. Site preparation, including access roads and drill pads, is nearing completion, with local contractors now mobilizing equipment to site. Annuncio • Sep 18
Namibian Competition Commission Grants Approval to Trigon Metals Inc. for the Previously Announced Sale of the Company’s Interest in the Kombat Mine and Associated Assets to Horizon Corporation Trigon Metals Inc. announced that the Namibian Competition Commission has granted approval, effective September 12, 2025, for the previously announced sale of the Company’s interest in the Kombat Mine and associated assets to Horizon Corporation. The granting of competition approval initiates the final steps towards closing the Transaction. The parties continue to work collaboratively to complete the remaining closing conditions. Trigon will provide further updates as the parties advance toward completion of the Transaction. The Transaction remains subject to the final approval of the TSX Venture Exchange. Annuncio • Aug 19
Trigon Metals Inc. Defines Key Exploration Targets on Its Kalahari Copper Project, Namibia Trigon Metals Inc. announced the successful completion of a drone-based aeromagnetic survey over a key area of its Kalahari Copper Project. The Company has also finalized the data processing and 3D inversion, enabling interpretation and the definition of highly prospective exploration targets which will be the focus of upcoming exploration campaigns. The survey area was selected for its favourable stratigraphy and structure, as well as its proximity to known mineralization at the Fiesta-Fortuna Prospect (Noronex Limited), located 4 km to the east (Fig. 1). Thick Kalahari sand cover (>40 m) necessitated the use of detailed airborne geophysical surveys to identify prospective targets. Structurally, the area is dominated by two regional-scale, doubly plunging anticlines. Ellipsoidal magnetic lows are interpreted to represent tight Ngwako Pan cored anticlines, flanked by magnetically positive anomalies associated with the D’Kar Formation. The Heimat Fold Closure lies within the same domal structure as the Fiesta-Fortuna Prospect (Noronex Ltd) but is interpreted to occur higher in the stratigraphy, within the D’Kar Formation and away from the traditionally targeted contact with the lower Ngwako Pan Formation (Fig. 2). This target is based on Trigon’s understanding of the Kalahari Copper Belt (KCB) mineralization as likely having both diagenetic and epigenetic origins. Most KCB deposits are semi-stratiform and located near the Ngwako Pan/D’Kar contact. While minor mineralization is often found along this contact, major deposits also tend to be spatially linked to regional anticlines or domes, and in some cases to second-order faulting. The exploration focus is therefore on domal features with either an exposed Ngwako Pan/D’Kar contact or with its D’Kar “roof” still intact. The Heimat Fold Closure represents one such target, with known mineralization immediately to the east (along strike). Similarly, the Bushman Dome target area, covers a large Ngwako Pan Fm cored dome immediately to the south of the Heimat Dome. 3D inversion of the magnetic data has enabled Trigon to identify the relative depth of the prospective Ngwako Pan/D’Kar contact along the hinge zone of the Heimat Dome (Fig. 3). Trigon plans to use this knowledge to guide its maiden drilling program at the Kalahari Project. Additional magnetic targets identified within this prospective zone, include cigar shaped magnetic highs, likely representing 2 order, parasitic folding and linear structures attributed to late Damaran age faulting and thrusting. Further interrogation of the data is underway in order to identify specific drill targets. Annuncio • Apr 25
Trigon Metals Inc., Annual General Meeting, Jun 11, 2025 Trigon Metals Inc., Annual General Meeting, Jun 11, 2025. Annuncio • Mar 06
Trigon Metals Inc. announced that it has received CAD 2.49835 million in funding from Horizon Corp Ltd On March 6, 2025, Trigon Metals Inc. closed the transaction. The company announced that it has issued 5,603,400 common shares at a price of CAD 0.25 per share for the gross proceeds of up to CAD 1,400,850 in its final tranche. Together with the first tranche of the Offering, the Company has issued an aggregate of 9,993,400 Shares for gross proceeds of CAD 2,498,350. In connection with the Second Tranche, the Company paid cash finder's fees of CAD 5,640 and issued 22,560 finder’s warrants to eligible finders. All securities issued in connection with the Second Tranche are subject to a statutory hold period of four-months and one-day. Annuncio • Feb 12
Trigon Metals Inc. announced that it expects to receive CAD 1.7 million in funding from Horizon Corp Ltd Trigon Metals Inc announced a non brokered private placement of 6,800,000 common shares at a price of CAD 0.25 per share for gross proceeds of up to CAD 1,700,000 on February 11, 2025. The transaction includes participation from Horizon Corp. Ltd. Horizon will invest $500,000. Closing of the offering is expected to occur on or about February 20, 2025, and remains subject to a number of conditions, including receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. In connection with the offering, a finder's fee may be payable in line with the policies of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day. Annuncio • Feb 01
Trigon Metals Inc. Pauses Kombat Mine Operations to Address Setback Trigon Metals Inc. announced a proactive operational adjustment at its Kombat Mine in Namibia to address unplanned maintenance requirements for its dewatering systems. The Company has temporarily suspended its operations for an anticipated period of six to nine months due to the failure of both of its two main submersible dewatering pumps. The submersible pumps are crucial to the Company's operations at the Kombat Mine, and the unexpected breakdowns have left Trigon with no immediate solution for full restoration of its systems. Both pumps have been hoisted out of the shafts and sent to a third party engineering firm for independent verification of the root causes for the failures. Unfortunately, due to water levels returning to their normal levels of 60 metres below service at Shaft 1 and 120 metres at Shaft 3, mining operations will be paused until dewatering activities have recommenced. The Company anticipates that dewatering will restart in third quarter of 2025, once the pumps have been repaired and the risk of reoccurrence has successfully been mitigated. Strategic Operational Update: The Company is implementing a comprehensive recovery plan including advanced repairs and upgrades to critical equipment, to ensure long-term operational resilience and efficiency. Trigon has initiated a phased recovery strategy following the identification of maintenance needs in two key submersible pumps at the Kombat Mine. Both pumps have been safely retrieved and are undergoing rigorous analysis by a leading third-party engineering firm to optimize their performance and durability. While dewatering activities will pause during this period, the Company has a clear pathway to resume operations in third quarter /fourth quarter 2025, with enhanced systems designed to mitigate future risks. As a result of this operational setback, the Company also announced the retrenchment of the majority of its onsite employees. To align with this short-term operational adjustment, Trigon will implement a temporary workforce reduction at the mine site. This decision, while necessary under the current circumstances, is one of great regret, as the Company values its team and recognizes the impact this will have on its employees and their families. The Company deeply values its employees and is committed to supporting all affected team members through this transition. This includes generous severance packages, extended healthcare benefits, and dedicated job placement assistance in collaboration with local partners. Trigon remains optimistic about rehiring and re-engaging its workforce once operations resume. Annuncio • Jan 23
Trigon Metals Inc. Further Expands Mineralized Zones at Kombat Mine, Namibia - Intersects 8 Metres at 10.44% Cu and 35.34g/t Ag Trigon Metals Inc. announced the results of the recent underground drilling at Shaft 1, at levels 1, 3 and 4 at the Kombat mine. These confirmation holes were targeting orebodies adjacent to historic workings and close to existing underground development. True intercept width is unknown. The holes listed below have extended the known mineralization and mineable tonnes in the upper levels at Shaft 1. Highlights: Level 1 sub 1 (45 metres from surface): KWO-238: 12 metres at 2.27% Cu and 30.41 g/t Ag; KWO-239: 8 metres at 10.44% Cu and 35.34 g/t Ag. Highlights – Level 3 sub 1 (105 metres from surface): KWO-242: 3 metres at 6.81% Cu and 87.83 g/t Ag; KWO-256: 5 metres at 1.40% Cu and 21.89 g/t Ag; KWO-257: 6 metres at 1.40% Cu and 13.95 g/t Ag. Highlights – Level 4 (120 metres from surface): KWO04L-319: 6 metres at 2.15% Cu and 41.20 g/t Ag; KWO04L-323: 5 metres at 3.08% Cu; KWO04L-324: 9 metres at 1.94% Cu and 21.73 g/t Ag. Drillholes KWO-238 and KWO-239 were drilled on the eastern margin of the Sublevel 1.1 of the mined out orebody, about 45 metres from surface. These two holes intersected significant grade approximately 24 metres from the closest historical drillhole results known as OMEG orebodies. These orebodies are conformed with the regional strike-length of the Kombat trend (E-W). Drillhole KWO-242 was drilled southwards, defining the orebody thickness which is extending to the East of level 3 sub-1. This area is about 105 metres from surface and the intersections were 5m long. Similarly, drillholes KWO-256 and KWO-257 were drilled at angles of 15 to 30 to outline vertical continuity of the orebody. These holes also intersected mineralization between 23 and 25 metres, defining a clear zone of mineralisation. Drillhole KWO04L-319 was drilled towards the western margin of the existing development on level 4, about 155 metres from surface. This drill hole was aimed at defining the vertical extend as a follow up to the closest historical intercepts. Similarly, drillholes KWO04L-323 and KWO04L-324 were drilled on the western margin of the Level 4, where multiple intercepts were drilled between 4 and 20 metres from their nearest historical intercepts. Annuncio • Jan 17
Trigon Metals Inc. Announces Halting of Underground Mining at Kombat Mine, Namibia Trigon Metals Inc. experienced a setback in underground pumping due to the failure of both of its two main dewatering pumps on the morning of January 16, 2025 at the Company’s Kombat mine in Namibia. As a result, the Company has suspended underground mining as it anticipates that the pump failure will ultimately result in the underground mine flooding over the coming days. All precautions are being taken to ensure safety at the Kombat site. All personnel have exited the affected areas of the underground operations and underground equipment is currently being removed. The Company intends to complete the previously announced transaction with Horizon Corporation Ltd. (“Horizon”). Horizon is aware of the situation and has notified the Company that it is standing by its commitment to complete the purchase of Trigon’s interest in the Kombat mine. Both parties continue to work on the way forward, in conjunction with Trigon’s other partners and stakeholders. Annuncio • Dec 04
Horizon Corporation Limited entered into an indicative term sheet to acquire Kombat Mine (Pty) Inc. from Trigon Metals Inc. (TSXV:TM) for $50 million. Horizon Corporation Limited entered into an indicative term sheet to acquire Kombat Mine (Pty) Inc. from Trigon Metals Inc. (TSXV:TM) for $50 million on December 3, 2024. The Term Sheet includes a range of $30-50 million in cash, and a limited royalty that would be paid to Trigon from the Kombat mines copper production. As part of the transaction, Horizon will loan Trigon $5 million as follows: $500,000 within 7 days of entering into a binding loan agreement $2 million in December 2024 subject to satisfying certain closing conditions including Horizon receiving satisfactory security for the Loan, entering into binding documentation for the Proposed Transaction and Horizon completing its preliminary due diligence of the Proposed Transaction; and USD$2.5 million within 45 days of the Tranche 2 Payment. The Loan shall have a term of 24 months and interest rate per annum of 15%. Trigon will grant Horizon an exclusivity to finalize asset sale agreement in exchange for the advancement of the loan, with a break free proportional to the amount of the loan that has been advanced.
The Proposed Transaction remains subject to certain conditions including completion of satisfactory due diligence, the negotiation and execution of a definitive agreements between Trigon and Horizon, third party approvals, shareholder approval and regulatory approval, including, by the TSX Venture Exchange. In addition to the proceeds of the Proposed Transaction, Trigon Metals will retain the Kalahari Copper Project in Namibia and will also benefit from the planned spinout of the Safi Silver Moroccan exploration projects, Silver Hill and Addana Silver Polymetallic project. Annuncio • Dec 03
Trigon Metals Inc. Updates Production Guidance for the Full Year of 2025 Trigon Metals Inc. updated production guidance for the full year of 2025. For the year, the company expects underground mining to be between 250,000 Tonnes to 280,000 Tonnes. Processing to be between 260,000 Tonnes to 312,000 Tonnes. Copper Produced to be between 3,770 Tonnes to 4,200 Tonnes. Copper Produced to be between 8,315,000 lbs to 9,250,000 lbs against previous guidance of 12,125,000 lbs to 13,448,000 lbs. Annuncio • Nov 14
Trigon Metals Inc. Announces Resignation of Dr. David Shaw from the Board of Directors Trigon Metals Inc. announced the resignation of Dr. David Shaw from the Company’s Board of Directors, effective immediately. Dr. Shaw has faithfully served on the Board of Directors since 2019. The Company wishes to thank him for his contributions and dedicated service to Trigon over the past five years, and wish him much success in his future endeavors. Annuncio • Oct 08
Trigon Metals Inc. Announces the Results of Drilling from Recent Underground Drilling at Shaft 1 at Levels 3 and 5 at the Kombat Mine Trigon Metals Inc. announced the results of drilling from recent underground drilling at Shaft 1 at levels 3 and 5 at the Kombat mine. These holes were intended as confirmation but have significantly increased the grade and extended the known mineralization in the zone. The holes targeted orebodies adjacent to historic workings and close to existing development thus allowing for near-term mining as Trigon ramps up and focuses solely on underground operations. Depiction of massive bornite with traces of chalcopyrite, occurring in a weak zone possible fault zone. Drillholes KWO-217, KWO-218 and KWO-221 were drilled on the South-Eastern margin of the sublevel 3.1, about 105m from surface where they all intercepted significant intercepts of mineralization between 8 metres and 16 metres to the North-East, South-West of their closest historical intercepts. Similarly, drillholes KWO-194 and KWO-198 were drilled on the Southern margin of the Level 5, about 150m from surface where multiple intercepts found between 80 metres and 84 metres to the East-West from their nearest historical intercepts. Annuncio • Sep 19
Trigon Metals Inc. Announces Update of Kombat Mine, Namibia Trigon Metals Inc. announced that it has reached a key milestone, having mined an average of 980 tonnes of ore a day from its underground operations over a 30 day period and that it will pause its open pit operations at the end of September 2024 at the Company's Kombat mine in Namibia. Trigon has achieved a key milestone as required pursuant to the terms of the streaming agreement with Sprott Private Resource Streaming and Royalty (B) Corp. and Sprott Mining Inc. by exceeding average production of 900 tonnes per day from its underground operations over 30 consecutive days. This threshold was required to be met by October 31, 2025 and has been met by Trigon 13 months earlier than contractually required. 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 September 2024, based on the following supporting factors: 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 September 2024. Annuncio • Aug 29
Trigon Metals Inc. Identifies New Zone in the Vicinity of Shaft #3 of Kombat Mine, Namibia Trigon Metals Inc. announced the results of drilling from the new zone identified in the vicinity of Shaft #3 of the Kombat mine. These areas are outside the proven and probable mine reserves published in March 2024. Mineralization in these areas was initially detected in surface drilling in 2023 and some historic drill work dating back to when Goldfields operated the mine. The holes classified as follow-up have yielded positive results. Total volumes and tonnage for a mineral resource estimate have yet to be quantified. At present, drilling is spaced to define a mineral resource estimate in the indicated mineral resource category. Trigon continues its underground drilling operations, with approximately 3,500 meters planned by year-end. Next Steps by Trigon: 1. Volume and Tonnes Calculation: Trigon will estimate block volumes based on drilling intersections and apply the mineralization zone’s s bulk density to convert these volumes into tonnes. 2. Mineral Resource Estimate Category Upgrading: Continue drilling within the indicated mineral resource estimate category. Consider follow-up drilling at closer intervals in high-grade areas to potentially upgrade to the measured mineral resource estimate category. 3. Ongoing Drilling Plan: Trigon plans to drill approximately 3,500 meters by year-end, providing additional data to refine mineral resource estimates and potentially increase confidence levels. 4. Grade Variability: The variability in grades suggests heterogeneous mineralization. Understanding mineralization distribution and continuity is critical for more accurate mineral resource estimation and extraction planning. Reported Earnings • Jul 31
Full year 2024 earnings released: EPS: US$0.001 (vs US$0.48 loss in FY 2023) Full year 2024 results: EPS: US$0.001 (up from US$0.48 loss in FY 2023). Revenue: US$9.59m (up US$8.64m from FY 2023). Net income: US$20.1k (up US$16.5m from FY 2023). Profit margin: 0.2% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 26% per year. Annuncio • Jul 19
Trigon Metals Stabilizes Water Levels and Maintains Uninterrupted Production from Underground At Kombat Mine, Namibia Trigon Metals Inc. executed a plan to address a temporary setback in underground pumping progress due to the failure of one of its two main dewatering pumps on the evening of June 14, 2024 at the Company's Kombat mine in Namibia. The mine had been dewatered down to 331 metres from the shaft collar at the time of the pump failure and the water has since risen to 227 metres below surface and has remained at that level for the last 2 weeks. A new pump body has been ordered from the supplier and is currently scheduled to arrive in neighboring South Africa by air on July 21, 2024. The pump will then be transported by road to Kombat for installation. Installation and repositioning of the completed pumping unit is estimated to be completed by July 28, 2024. The failure is localized to the pump body (known as the wet end) and does not extend to the pump motor and the installed variable speed drive. The causes of the failure have been identified and are being investigated further with the original manufacturer and supplier of the pump, Yantai Xinhai Industry & Trade Co. Ltd. Mining activities continue as normal from the underground operations with mining activities focused on mining above 120 metres from the shaft collar. The remaining pump is being monitored continuously and does not show any sign of fatigue or potential failure at this juncture. The Company remains focused on underground production from the Asis West underground complex. The pumping setbacks are not expected to impact plans and projections previously outlined in the Company's guidance. New Risk • May 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-US$19m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$23m). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (€33.1m market cap, or US$35.9m). Annuncio • Apr 20
Trigon Metals Inc. Announces Schlangental Drilling Intercepts 7.0m at 3.52% Copper and 43.09g/t Silver 15km East of Kombat Mine Trigon Metals Inc. announced highlights of the exploration campaign at Schlangental, a key prospect within the wider Kombat property, situated approximately 15km east of the active mining licence ML73B. This announcement comes on the heels of the Company finalizing its comprehensive exploration plan for the expansive Kombat property, spanning nearly 35 km from Gross Otavi to the west and Schlangental in the east. Objectives Schlangental Drilling Campaign: Drilling at Schlangental is the first campaign testing mineralization outside of the main Kombat mining license on the Copper King Extension exploration prospect. Surface mineralization attracted Trigon geologists to the Schlangental area where reports of historic drilling indicated that mineralization continued at depth but no cores or detailed logs were available. Of the planned 36 holes totaling 4,000m, only two holes have been drilled to-date, with both holes intercepting mineralization at modest depths. Highlights of Two Confirmatory Holes: SCPL23-19: 331 azimuth; -57.5 dip, Intersected 7.0m with 3.52% Cu & 43.09 g/t Ag, from 56m. SCPL23-20: 327.2 azimuth;-59.1dip, Intersected 3.0m with 1.99% Cu & 34.38 g/t Ag, from 48m. The mineralization was largely chalcocite (sulfide) and malachite (oxide) with associated higher-than-average silver compared to the main mineral resource at the Kombat mine and compared to the bornite and chalcopyrite copper sulfides predominant at the Kombat mine. Given the encouraging start, deeper drilling will now be undertaken to confirm if this pattern continues in the new area. Plan for Exploring 35km of the Copper King Extension: The broader exploration plan for the Kombat property encompasses an array of methodologies to comprehensively understand its geological potential. Phase 1 involves data compilation in 2D and 3D, supplemented by the acquisition and processing of government data. Subsequent phases entail the interpretation of gathered data to construct a full 3D geological model, augmented by a high-resolution magnetic survey using drones to refine structural geology insights. Moreover, soil sampling initiatives, including auger drilling, will cover the entirety of the property. More specifically, auger drilling will target the western region to penetrate the B horizon for representative soil samples, while the eastern side's challenging calcite cover may necessitate the use of small exploration drill rigs. This integrated approach underscores Trigon’s commitment to thorough exploration methodologies, positioning the Company for strategic advancement and value creation across its extensive mineral assets. Follow-up holes are anticipated to be drilled as soon as the programme resumes. 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). Reported Earnings • Mar 04
Third quarter 2024 earnings released: US$0.036 loss per share (vs US$0.01 loss in 3Q 2023) Third quarter 2024 results: US$0.036 loss per share (further deteriorated from US$0.01 loss in 3Q 2023). Revenue: US$5.70m (up US$5.55m from 3Q 2023). Net loss: US$7.23m (loss widened 314% from 3Q 2023). Revenue is forecast to grow 172% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Annuncio • Feb 15
Trigon Metals Inc., Annual General Meeting, Apr 09, 2024 Trigon Metals Inc., Annual General Meeting, Apr 09, 2024. Annuncio • Feb 05
Trigon Metals Inc. Announces First Underground Mining Blast at Kombat Trigon Metals Inc. announce the commencement of operational training for the underground mine at the Kombat project ahead of schedule, marked by the successful blasting of the first block. The early initiation of the underground operational training underscores Trigon's commitment to operational excellence and efficient project delivery. The first blast was initiated on February 1, 2024 at the Asis West shaft’s No. 1 level. The first underground blast represents a key step towards unlocking the full potential of the Kombat project and realizing its strategic importance in the copper market. The significant milestone sets the stage for enhanced project economics as the Company enters a new operational phase that is expected to exploit higher copper grades at depth as indicated by the resource statement and resource models which were reconfirmed through surface and underground confirmatory drilling, an important step towards positioning Trigon as a key player in the copper market and facilitating the long-term sustainability and profitability of the Kombat Mine. Trigon Metals remains focused on advancing its projects responsibly and sustainably, prioritizing environmental stewardship and social engagement throughout the mining lifecycle. Annuncio • Jan 23
Trigon Metals Inc. Announces Results from Confirmation Drilling At the Kombat Mine in Namibia Trigon Metals Inc. announced 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 shallow areas of 1 Shaft (Asis West Shaft) adjacent to the historic Omega Shaft from 100 years ago. The 1 Shaft area still contains high-grade zones of mineralization to be accessed from the underground. Highlights of the Drill Results: Several confirmation holes near 1 Shaft have been completed. These drillholes were targeting orebodies adjacent to historic workings and close to existing development thus allowing for near-term mining during the ramp-up stage of underground operations. The holes listed below have extended the known mineralization and mineable tonnage in the zone. K15FLW02: 306° azimuth; -88.7° dip Intersected 9.0m with 2.59% Cu & 36.7 g/t Ag, from 26m; Intersected 9.3m with 1.35% Cu & 17.2 g/t Ag, from 49m; K15FLW03: 92.1° azimuth; -89.1° dip Intersected 15.5m with 5.56% Cu & 81.4 g/t Ag, from 10m; K15FLW09: 329° azimuth; -86.4° dip Intersected 9.8m with 1.01% Cu & 14.4 g/t Ag, from 10.2m; Intersected 7.0m with 1.44% Cu & 23.4 g/t Ag, from 25m; Intersected 6.0m with 1.91% Cu & 37.3 g/t Ag, from 43m; K15FLW11: 82.1° azimuth; -87.2° dip Intersected 18.0m with 6.15% Cu & 81.8 g/t Ag, from 18m; As previously announced, the Company remains on track to initiate underground mining beginning in Calendar second quarter this year. As prepare for this stage Trigon Metals anticipates increased operational efficiency and enhanced resource extraction following the promising drill results that have showcased the substantial mineralization within the targeted zones. Recent Insider Transactions • Jan 15
Independent Director recently bought €65k worth of stock On the 11th of January, Larisa Sprott bought around 479k shares on-market at roughly €0.14 per share. This transaction increased Larisa's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Dec 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$25m free cash flow). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Negative equity (-US$11m). Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m (US$367k revenue). Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (€29.3m market cap, or US$31.6m). Reported Earnings • Dec 03
Second quarter 2024 earnings released: US$0.019 loss per share (vs US$0.006 loss in 2Q 2023) Second quarter 2024 results: US$0.019 loss per share (further deteriorated from US$0.006 loss in 2Q 2023). Net loss: US$3.69m (loss widened 257% from 2Q 2023). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Metals and Mining industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • Dec 03
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Daye Kaba was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 29
Trigon Metals Inc. Announces Board Changes Trigon Metals Inc. announced that Rennie Morkel has been appointed President and COO of the Company as Jed Richardson transitions to the role as Executive Chairman. Trigon Metals Inc. welcomes Rennie Morkel, a Namibian Permanent Resident, as the new President and Chief Operating Officer. Rennie, a Chartered Accountant with qualifications from Ernst & Young South Africa, brings 19 years of invaluable experience in the mining sector. His senior positions at major companies, including Endeavour Mining Group, Glencore, China General Nuclear Power Group, Vale, Norilsk Nickel, and African Rainbow Minerals, have given him extensive expertise in uranium, base metals, and precious metals across various project life cycles. Rennie holds an Honors degree in Accounting Science from the University of Pretoria. Trigon Metals Inc. is pleased to welcome Andreas “Andy” Rompel as the new VP Exploration. Andy is a German national with expertise in geology. With over three decades of exploration and production experience, Andy has worked with various commodities, including precious metals, base metals, coking coal, and cobalt. His international experience and proficiency in multiple languages, including German, Afrikaans, and English, make him a valuable addition to the Trigon Metals team. Trigon Metals Inc. is also proud to announce the addition of Grant Sboros as a new director. Holding dual nationalities of Greek and South African, Grant serves as the Chief Executive Officer of Euro Sun Mining Inc. His rich background in finance and mining, including roles as a Deloitte partner in Mozambique and as the Head of Auditing, brings a wealth of experience in both operations and finance in the African mining industry. Annuncio • Oct 26
Trigon Metals Inc. Updates on Progress for Underground Mining At Kombat, Namibia Trigon Metals Inc. provided 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 piping 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. 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. Annuncio • Sep 29
Trigon Metals Inc., Annual General Meeting, Dec 04, 2023 Trigon Metals Inc., Annual General Meeting, Dec 04, 2023. Annuncio • Aug 25
Trigon Metals Inc. Produces Strong Copper Concentrate with High Recovery in Start-Up At Kombat Mine, Namibia Trigon Metals Inc. announced the production of its first copper concentrate. On August 18, 2023, the Company produced its first sale-ready dried copper concentrate for sale at the mill which has a capacity of 1,000 tonnes per day on August 21, 2023, the first full day of concentrate production, 436 tonnes of ore were processed through the mill (n nearly 44% of capacity) and the Company is targeting 70% production by the end of September. In the commissioning stage, the mill was purposely fed lower-grade material (average feed grade of 0.73% copper)ued from waste as identified by ore spotters. The utilization of low-grade feed makes the result stand out as more impressive, having produced a concentrate grade of 33.5% copper at recoveries of 79.5%. The resulting concentrate has exceeded the expected grade of 20%, and recoveries have the potential to improve with higher-grade feed. Higher-grade concentrate translates directly to higher profitability due to lower shipment and treatment charges per pound of copper produced. Stockpiles on the run-of-mine pad now total 27,000 tonnes of ore averaging close to 1.2% Cu, representing one month's supply of ore feed. Annuncio • Aug 22
Trigon Metals Inc. Announces Operational Update Trigon Metals Inc. announced at site, the work at the production plant has been completed on schedule. Crushers and mills have been started. The coarse ore bins are being filled and first concentrate was produced on August 18, 2023, the details of which will be shared in a subsequent release. Approximately 25,000t of ore is now stockpiled on the run of mine pad. New Risk • Jul 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$6.9m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Negative equity (-US$6.9m). Earnings have declined by 39% per year over the past 5 years. Revenue is less than US$1m (US$949k revenue). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€27.4m market cap, or US$30.2m). New Risk • Jul 20
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$29m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$29m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m (CA$1.0m revenue, or US$763k). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€23.8m market cap, or US$26.6m). New Risk • Jul 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m (CA$1.0m revenue, or US$766k). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€23.1m market cap, or US$25.9m). Annuncio • Jul 13
Trigon Metals Inc. announced that it expects to receive CAD 5 million in funding Trigon Metals Inc. announced a private placement of up to 25,000,000 units at a price of CAD 0.2 per unit for the aggregate gross proceeds of CAD 5 million on July 12, 2023. Each unit is comprised of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of CAD 0.30 per common share for a period of 36 months following the closing date. In connection with the Offering, the agents received an aggregate cash fee equal to CAD 204,450 and the company issued to the agents 1,022,250 non-transferable compensation options. Each compensation option entitles the holder thereof to purchase one common share at an exercise price equal to the offering price for a period of 36 months following the closing date. The company has also paid the agents a corporate finance fee of CAD 83,000, plus applicable taxes. In addition, the agents received 417,000 corporate finance fee Compensation Options, to purchase an equal number of common shares, subject to adjustment in certain circumstances at the offering price for a period of 36 months following the closing date. The common shares and warrants issued pursuant to the offering will not be subject to a statutory 4-month hold period. The transaction is subject to the approval of the TSX Venture Exchange. Annuncio • Jul 07
Trigon Metals Inc. Announces Results from Confirmation Drilling At the Kombat Mine in Namibia Trigon Metals Inc. announced results from confirmation drilling at the Kombat Mine in Namibia. 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. Kavango North pit is an extension of the Kavango Pit. 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 holes did exhibit evidence of oxidization in the mineralized zone, but also returned some of the highest silver grades reported in drilling this year. 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. Annuncio • Jun 09
Trigon Metals Inc. Announces Drill Results from the East 600 Planned Open Pit, At the Kombat Mine in Namibia Trigon Metals Inc. announced drill results from the East 600 planned open pit, at the Kombat mine in Namibia (the "Project"). These holes were drilled to confirm known historical mineral resources drilled previously by the prior owner from the underground. These results are new to the East 600 area and represent some of the longest mineralized intercepts drilled from surface. East 600, also referred to as the ore capping zone, is located 400m east of the main pit and has been incorporated into resource plan and mine plan. Highlights of the Drill Results: Hole 2: Intersected 4.34m, 1.56% Cu, from 37m; Hole 3: Intersected 10m, 1.14% Cu, from 40m; Hole 4: Intersected 76m at 1.48% Cu, 8.9g/t Ag from 22m, including: 13m, 1.46% Cu, 5.7g/t Ag, from 3m, and 21m, 3.54% Cu, 17.9g/t Ag from 49m, and 11m, 1.39% Cu, 5.61g/t Ag from 87m. The company has now completed one full month of mining at Kombat, and the ramp-up to full mining production is going well. The goal for May was 120,000t of mined rock, and 124,000t were mined. May was strictly waste tonnes, but high-grade mineralization has been exposed in several areas of the pit. The first ore tonnes are scheduled to be mined towards the end of June. Blasts have occurred on schedule once a week, this schedule will be maintained until the mill starts at the end of July, whereupon blasts are scheduled twice a week. The company anticipates mining rates will average 8,000t when the mine is in full operation. However, in start-up mode mining rates have reached up to 10,000t on days when the team has pushed to test capacity. The company will continue to test areas around the planned open pits; East 400, East 600, and East 900 as potential sources for adding near surface high-grade ore. In addition, drilling is planned for the Otavi area, 12km west of the Kombat mining permit to test the limbs of 35km of mineralized strike-length corridor. 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. Annuncio • May 11
Trigon Metals Restarts Mining At the Kombat Copper Project Ahead of Schedule Trigon Metals Inc. announced, as of 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. Now that mining has commenced, ore will be stockpiled at the mill. First concentrate shipments are anticipated in fiscal second quarter. Copper production of 4.4 million pounds is anticipated from the open pit by March 31, 2024 (f fiscal year end), growing to 6.8 million pounds in 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 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. Annuncio • May 05
Trigon Metals Inc. Announces Results from the Drilling of New Mineralization Targets at its Kombat Mine in Namibia Trigon Metals Inc. announced results from the drilling of new mineralization targets at its Kombat Mine in Namibia (the "Project") with key highlights from the drilling campaign. The reported results are from the Kavango West area, 150 metres west of the Main Kavango Pit, discussed in recent press releases, the implications being a favourable confirmation of the Kombat trend mineralization. The holes reported are from drilling testing gaps in the known mineralization previously thought to be barren. Holes 3, 4,9 and 15 are verification holes testing continuity between areas previously drilled. The results are some of the longest intercepts drilled from surface. Kavango West is a direct extension of the main body of the mineralization lying just west of the planned Kavango Pit closer to the mill and main shaft. The mineralization is proving to be higher grade but deeper than Kavango and Kavango North. From historical drilling, this connects to even larger bodies at depth and is close to underground workings. This area has been incorporated into the Company's underground mine plan. 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. 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). Annuncio • Jan 20
Trigon Metals Inc. Announces Results from the Drilling of New Mineralization Targets At Its Kombat Mine in Namibia Trigon Metals Inc. announced results from the drilling of new mineralization targets at its Kombat Mine in Namibia (the “Project”). These results are from the East 400 area, 150 metres east of the Kavango Pit, discussed in recent press releases (August 4, September 15, and November 9, 2022), extending the Kombat trend mineralization. Highlights of the Drill Results: Hole 2A (181 azimuth, -71.8 dip); 8m at 1.10% copper 94-102m; Hole 2B (172.7 azimuth, -58.8 dip); 9m at 0.9% copper 9-18m and, 11m at 0.9% copper 68-79m; Hole 4A (184 azimuth, -43.2 dip); 5m at 3.98% copper and 8.7 g/t silver 44-49m; Hole 4B (172 azimuth, -49.4 dip);- 17m at 1.0% copper and 15.50 g/t silver 0-17m; The holes reported are from drilling testing gaps in the known mineralization previously thought to be barren. Holes 2A, 2B, 4A and 4B are verification holes testing continuity between areas previously drilled. The results are some of the longest intercepts drilled from surface and with both sulfide and oxide mineralization. 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 ICP-OES 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). Recent Insider Transactions • Nov 17
President recently bought €66k worth of stock On the 10th of November, Jeddiah Richardson bought around 562k shares on-market at roughly €0.12 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jeddiah's only on-market trade for the last 12 months. Executive Departure • Nov 30
Director Stephanus Theron has left the company On the 27th of November, Stephanus Theron was replaced as CEO by Jeddiah Richardson after 2.7 years in the role. Stephanus still personally held 2.49m shares (€816k worth) as of September 2021. This is 1.6% of the company. Stephanus is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.21 years. Under Stephanus' leadership, the company delivered a total shareholder return of -98%. 
