By:Staff writer
Jed Richardson, president and CEO of Trigon Metals last week provided an update on company activities and shared its plans for 2023 for its Kombat mine, some 37 kilometres north of Otavi as well asthe high potential Silver Hill Project in Morocco.
Richardson said the Kombat mine is projected to start up in calendar Q2/23 and Trigon has completed all drilling necessary for mine planning for the restart of the open pit.
In preparation for the commencement of underground mining in 2024, the company has started work on sizing and picking underground equipment. Analysis of the flooded shaft is underway utilising submersible cameras.
“We are pleased to report the shaft is in excellent condition and pumps are being ordered to commence drainage,” Richardson said.
The restart of the Kombat Mine has been a tremendous achievement for Trigon and its shareholders, as well as the Kombat community and Namibia as such.
The mine employs 220 Namibians both directly and as contractors. An additional 80 women are employed on a part-time rotational basis as part of the company’s community garden agricultural development project.
In addition, mine contractors have returned to the site at Kombat mine and several new key geological personnel have joined the team, thus was said by Richardson as part of the operational update this week.
The appointments include that of Juandre Farmer, a Namibian citizen who recently graduated from the Namibian University of Science and Technology where he received his degree in Mechanical Engineering, as project coordinator.
Among other appointees are Augustinus Mungunda, a Namibian geologist, who took up the role of senior resource geologist, with another Namibian geologist Hilaria Shatona hired as senior exploration geologist.
Canadian mining engineer Dag Kullman will serve as mining manager, the company has announced.
With the company anticipating a prompt reopening of the Kombat mine, it has begun trading on the OTCQB to secure access to U.S. investors, effective January 6, 2023.
The OTCQB is a U.S. trading platform that is operated by the OTC Markets Group in New York and is the premiere marketplace for early-stage and developing U.S. and international companies. It helps companies build shareholder value with a goal of enhancing liquidity and achieving fair valuation.
Trigon has also engaged Renmark Financial to amplify its investor relations efforts in 2023. The full service IR firm empowers its publicly-traded clientele to maximize their visibility within the financial community and strengthen their investor audience.
Trigon will be participating in Renmark’s live Virtual Non-Deal Roadshow Series to discuss its latest investor presentation on Thursday, January 26, 2023.
The presentation will feature Jed Richardson, chief executive officer & president and Aidan Sullivan, vice-president, investor relations. Topics to be covered will include the latest investor presentation followed by a live Q&A.
“Our company is a compelling investment offering excellent value as compared to other mining stocks with comparable share prices, however, we are relatively unknown at this stage,” Richardson said.
“Seeking on market support as we continue exploration for copper and silver. We are well funded and focused on introducing the company to new investors now that we have successfully restarted the Kombat Mine in Namibia after 14 years of dormancy,” he added.