Trigon Metals, through its Namibian subsidiary Manila Investments, holds an 80% interest in five Mining Licenses in the Otavi Mountainlands, an area of Namibia particularly known for its high-grade copper deposits. Within these licenses are three past-producing mines including the Company’s flagship property: the Kombat Mine.
The Kombat Mine’s extensive infrastructure includes the Asis Far West 800 meter vertical shaft, which was completed in 2006, two other vertical shafts, three decline shafts with ramp systems, extensive underground workings, mine buildings, a tailings facility, a mill and concentrator. The Kombat Mine originally opened in 1962 and from 1962 to 2008 produced 12.46 million tonnes of ore grading 2.6% Cu.
Trigon Metals is uniquely positioned to create shareholder value due to our near term production potential, extensive existing infrastructure, low capital expenditure profile, and large underexplored mining licences with known copper mineralization.
1908 - 1925Otavi Minen und Eisenbahn Gesellschaft carried out mining operations until 1925 when mining ceased due to excess underground water.
2006Weatherly International plc took over the assets and the newly sunk AFW shaft was commissioned.
2012Trigon Metals (formerly Kombat Copper Inc, and prior to that Pan Terra Industries Inc.) took over the assets.
Trigon Metals has assembled a management team with extensive international and African success and experience. Our team also includes strong business leaders with diversified international finance and operations experience.
The Company’s directive is to aggressively move towards development scenarios based on sound technical data and planning.
The ongoing objective is to formulate a Feasibility Study for the Kombat Mine complex that will determine the scheduling and costs of returning the mine back to commercial production at a level that will ensure adequate investment return.
Consideration is also being given to expanding the Company’s current land position in order to allow for the expansion of resources by exploration.
What will Trigon Metals do differently?
Analysis of extensive database of historic information to understand previous operating decisions, learn from mistakes made, and determine focus future areas and strategy.
Use of existing infrastructure to minimise capital cost and maximise return on investment.
Focus on multi pit surface mining for early revenue (vs previous strategy of mega pit).
Consider attacking the Gap Area from the Asis Far West shaft as well as existing infrastructure at Asis West (previously only from Asis Far West).
Increase production profile and concentrator capacity – economies of scale.
Develop a strategy for dewatering, and controlling water influx going forward.
Re-evaluate the potential of the Gross Otavi deposit.
Target a production profile of 15kt copper and become a mid-tier copper producer within the next 5 years.
Rejuvenate surface and underground production from the Kombat Mine.
Capitalize on exploration potential in the Kombat Trend.
Seek merger and acquisition opportunities in Namibia within various base and precious metals.
Board of Directors
David Shaw, Director
Dr. David Shaw brings a wealth of expertise in public companies and exploration geology. He has worked both in the technical and financial communities within the resource industry for nearly 40 years. He served as an in-house structural consultant on both metal and hydrocarbon exploration programs, then as a member of a hydrocarbon project financial evaluation team with Chevron Resources in Calgary and Vancouver.
Stephan Theron, Director
Mr. Theron brings 17 years of extensive management, capital project development and M&A experience within the mining industry. Prior to joining Trigon Metals, Mr. Theron was Managing Director at Liberty Metals & Mining, a private equity group based in Boston, Massachusetts. Mr. Theron was also a strategic member on the board of directors of True Gold Mining
Larisa Sprott, Director
Larisa Sprott, Director Ms. Sprott currently serves as the President of Sprott Money, an online retailer of gold, silver and platinum bullion to investors and collectors, founded by her father celebrated resource investor Eric Sprott. Prior, she worked as an investment advisor with Sprott Asset Management, and her work history includes experience in Public Relations with Toronto
Daye Kaba brings corporate governance experience and a variety of necessary skills to the Trigon board. He is a partner in the Global Metals & Mining group at McCarthy Tétrault in Toronto. His practice focuses on mergers and acquisitions, securities and commercial law matters, with a focus on the mining sector in Africa. Mr. Kaba previously worked at Fasken Martineau DuMoulin LLP in Toronto and Coudert Brothers LLP in Paris.
President and Director
Mr. Richardson is a qualified mine engineer with a background that includes mine finance and resource development over a 20-year career. As CEO of Great Quest, a fertilizer resource development active in Mali, West Africa, he gained valuable experience
Deborah Battiston is a CPA-CGA, she obtained her BA in Economics from the University of Guelph and holds an ICD.D from the University of Toronto’s Rotman School of Management.
Corporate Secretary and Legal Counsel
Mr. Lopez is a corporate and securities lawyer with experience consulting to a number of public and private companies. He graduated with a Juris Doctor in Law from the Osgoode Hall Law School.
VP, Operations and Country Manager
Mr. Müller is a Professional Mining Engineer registered with the Engineering Council of South Africa. Mr. Müller has a wide range of commodity experience with a strong focus on development to production stage assets.
VP, Finance, Mergers and Acquisitions
Ms. Roberts is a Chartered Accountant (South Africa) with experience and expertise in the finance and mining industry. Prior to joining the Company, Ms. Roberts was the Chief Financial Officer at Buffalo Coal Corp. after having spent nine years in the
Site Operations Manager
Mr. Lusse has over 27 years of experience at the Kombat mine in a variety of capacities. He is currently the Site Operations Manager and is an invaluable resource to the team with his understanding of the area and his knowledge of the Kombat Mine’s history.
Management of the Company and the Board recognize the importance of corporate governance in effectively managing the Company, protecting employees and Shareholders, and enhancing Shareholder value.
The Board fulfills its mandate directly and through its committees at regularly scheduled meetings or as required. The directors are kept informed regarding the Company’s operations at regular meetings and through reports and discussions with management on matters within their particular areas of expertise. Frequency of meetings may be increased and the nature of the agenda items may be changed depending upon the state of the Company’s affairs and in light of opportunities or risks that the Company faces.
The Company believes that its corporate governance practices are in compliance with applicable Canadian requirements. The Company is committed to monitoring governance developments to ensure its practices remain current and appropriate.
Ethical Business Conduct
The Board is apprised of the activities of the Company and ensures that it conducts such activities in an ethical manner. The Board encourages and promotes an overall culture of ethical business conduct by promoting compliance with applicable laws, rules and regulations; providing guidance to consultants, officers and directors to help them recognize and deal with ethical issues; promoting a culture of open communication, honesty and accountability; and ensuring awareness of disciplinary actions for violations of ethical business conduct.
Code of Conduct
The Company has a Code of Business Conduct and Ethics (the “Code”) for its directors, officers and employees. The Corporate Governance Committee has responsibility for monitoring compliance with the Code by ensuring all directors, officers and employees receive and become thoroughly familiar with the Code and acknowledge their support and understanding of the Code. Any non-compliance with the Code is to be reported to the CEO. In addition, the Board conducts regular audits to test compliance with the Code.
The Board takes steps to ensure that directors, officers and employees exercise independent judgment in considering transactions and agreements in respect of which a director, officer or employee of the Company has a material interest, which include ensuring that directors, officers and employees are thoroughly familiar with the Code and, in particular, the rules concerning reporting conflicts of interest and obtaining direction from the Company’s Directors and the Chairman and CEO regarding any potential conflicts of interest.
The Board encourages and promotes an overall culture of ethical business conduct by promoting compliance with applicable laws, rules and regulations in all jurisdictions in which the Company conducts business; providing guidance to directors, officers and employees to help them recognize and deal with ethical issues; promoting a culture of open communication, honesty and accountability; and ensuring awareness of disciplinary action for violations of ethical business conduct.
The Company has a whistleblower policy which allows its directors, officers, consultants and employees who feel that a violation of the Code has occurred, or who have concerns regarding financial statement disclosure issues, accounting, internal accounting controls or auditing matters, to report such violations or concerns on a confidential and anonymous basis. Reporting a violation of the Code is made by informing anonymously to the Whistleblower hotline or URL or (if desired) to a member of the Audit Committee, who then investigates each matter so reported and takes corrective and disciplinary action, if appropriate. Reporting concerns regarding financial statement disclosure or other appropriate issues are to be forwarded in a sealed envelope to the Chairman of the Audit Committee who then investigates each matter reported and takes corrective and disciplinary action, if appropriate.
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Financial and Shareholders
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Forward-looking information includes, but are not limited to, statements with respect to the ability of management to deliver shareholder returns, the estimation of mineral reserves and mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration and development activities; permitting time lines and permitting; environmental risks; and title disputes or claims. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, “projects”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements and forward looking information are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Trigon Metals to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, unexpected events during operations; risks inherent in the mining industry; key person risks, timing and availability of external financing on acceptable terms; risks relating to international operations; actual results of exploration activities; conclusions of economic valuations; changes in project parameters as plans continue to be refined; and fluctuating metal prices and currency exchange rates. Although management of Trigon Metals has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. Trigon Metals does not undertake to update any forward-looking statements or forward looking information that are incorporated by reference herein, except in accordance with applicable securities laws.
Except as otherwise specifically stated, Mr. Bill Nielsen, a director of Trigon Metals, a Qualified Person as defined by NI 43-101 has reviewed and approved the scientific and technical disclosure contained herein.
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