Trigon Metals Inc. has recently unveiled the highly anticipated Feasibility Study for the Kombat Mine, highlighting the potential for significant economic returns from both the operational open pit and the historic Asis West underground mine. With financial figures presented in United States dollars, the study showcases a comprehensive analysis conducted in collaboration with SRK Consulting, a testament to the project’s viability and future prospects.
Unveiling Kombat’s Potential
The completion of the Feasibility Study marks a pivotal moment for Trigon Metals Inc., with Chairman Jed Richardson expressing satisfaction over the projected returns that align with the company’s expectations for Kombat Mine. Notably, the study covers extensive operating and financial metrics, including direct costs and all-in sustaining costs, shedding light on the mine’s operational efficiency and profitability potential. This endeavor reflects a strategic move towards leveraging the rich copper resources within Namibia’s Otavi Mountainlands, renowned for their high-grade deposits.
Resource Resilience and Operational Readiness
With a detailed assessment of both open pit and underground mineral resources and reserves, the Feasibility Study outlines a robust framework for Kombat Mine’s future operations. Trigon’s initiation of open pit mining in early 2023, followed by the dewatering of the Asis West underground complex, signifies a critical step towards realizing the mine’s full potential. Furthermore, the commencement of operational training for underground mining by February 2024 underlines the company’s commitment to resource development and operational excellence.
Looking Ahead: Strategic Expansion and Exploration
Trigon Metals Inc. is not only focused on reviving the Kombat Mine but also on exploring new horizons within the Otavi Mountainlands. The company holds an 80% interest in five mining licenses in this mineral-rich region, with plans to further explore and re-develop the previously producing mine. Additionally, the pursuit of the Silver Hill project in Morocco showcases Trigon’s ambition to expand its copper and silver holdings across mine-friendly African jurisdictions. The publication of the complete NI 43-101 technical report on the Feasibility Study within 45 calendar days on SEDAR+ will provide investors and stakeholders with a detailed insight into Kombat Mine’s promising future.
This revitalization of the Kombat Mine not only stands as a beacon of economic growth for Namibia but also exemplifies the strategic foresight of Trigon Metals Inc. As the company moves forward with its development and exploration endeavors, the global mining community watches closely, anticipating the broader implications for the African mining sector and beyond. With a clear path laid out for the Kombat Mine’s resurgence, the future looks bright for Trigon Metals Inc., its stakeholders, and the Namibian economy at large.
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