Trigon Metals Files NI 43-101 Technical Report in Support of the Kombat Open Pits Feasibility Study Results and Mineral Reserves, and Updates PEA Results on the Kombat Underground Mines and Gross Otavi

HIGHLIGHTS

  • NI 43-101 Mineral Resource estimate for the Kombat Mine, comprising both the surface accessible (targeted open pit)
    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 Resources (open pit and underground) at a grade of 3.05%
    copper, 1.25% lead and 22.93 g/t silver.
  • Positive Feasibility Study completed on the Kombat open pits, representing phase 1 of the Company’s life of mine
    operation to facilitate early cash flow generation.
  • Start-up capital cost for the Kombat targeted open pits of US$6.4 million, includes US$4.7 million for plant
    refurbishment.
  • Further optimized PEA completed on the Kombat underground mines and Gross Otavi.

TORONTO, July 20, 2018 — Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) is pleased to announce the filing of its updated National Instrument 43-101 technical report (the “technical report”) on the Company’s Kombat operations located in northern Namibia (“Kombat” or the “Kombat Mine”). This follows the Company’s press release issued on June 5, 2018 announcing the results of a feasibility study and reserve estimate on the surface mining areas of the Kombat Mine (the “Feasibility Study”).

The proposed surface mining operations in the Kombat East and Kombat Central areas (the “Kombat open pits”) represent the first phase of the Company’s life of mine (“LoM”) strategy on which the Feasibility Study was undertaken. The details of the Feasibility Study are presented in the technical report.

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