Trigon is creating shareholder value in Africa. Currently, the company has operations in Namibia and Morocco. In Namibia, Trigon holds an 80% interest in five mining permits in the Otavi Mountainlands, an area of Namibia widely recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the previously producing Kombat Mine.
In 2020, the company announced a resource expansion of the Kombat mineral resource from 7 million tonnes to 39.1 million tonnes and acquired the Copper King Extension, with over 30km area of strike length and exploration ground around the Kombat Mine, various known mineral occurrences on the property. Recently, in August 2021, Trigon Metals announced an updated NI 43-101 Mineral Resource estimate at the Kombat Mine in Namibia. The indicated tonnage has increased 66% from the previous Mineral Resource estimates, with copper tonnage up 113% and silver 2,253%, resulting in a much larger production profile.
In Morocco, the Company is the holder of the Silver Hill project, a highly prospective copper and silver exploration project. Trigon owns a 100% interest in the Silver Hill project, a 16km2 property in the Anti-Atlas region of Morocco, home to Africa’s foremost silver mines. The current exploration campaign shows copper and silver mineralization at high grades distributed over a wide area. Slags from ancient workings indicate historical large-scale mining for silver. The project is easily accessed via paved national highways and a well-maintained gravel road sufficient for the requirements of an exploration program.
The company plans to recommence operations at the Kombat Mine with initial production in open pit to resume by end of 2021. The cash flow generated from Kombat will be utilized to fund continuing exploration of Silver Hill and Tamadoult, a second high-grade silver, lead, copper, zinc and cobalt property owned by Trigon in Morocco. Trigon is uniquely positioned to create shareholder value in safe, established districts for mineral exploration in Africa.
We are listed on the TSX Venture Exchange. (TM: TSX.V)
Board of Directors
Daye Kaba is a corporate lawyer who 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.
He received his JD from the University of Michigan and is called to both the New York bar and the Ontario bar. Mr. Kaba is a member of various associations, including the Canadian Bar Association, the American Bar Association, the World Association of Mining Lawyers (WAOML) and the Prospector and Developers Association of Canada (PDAC). He is fluent in English, French and Portuguese.
Dr. David Shaw has worked both in the technical and financial communities within the resource industry for nearly 40 years. He brings a wealth of expertise in public companies and exploration geology. He has 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.
He initiated and developed the Resource Research Group at Charlton Securities Ltd., Calgary before assuming the position of Senior Mining Analyst, Corporate Finance at Yorkton Securities Inc. in Vancouver. David has built strong relationships in the global mining community both with European financial institutions and as a result of his extensive experience doing business in Africa. Dr. Shaw holds a PhD in structural geology from Carleton University.
Mr. Theron is a Chartered Professional Accountant and is the former CEO of Trigon Metals. He has two decades of extensive management experience within the mining industry, including capital project development and M&A. Mr. Theron has served as Managing Director at Liberty Metals & Mining, a private equity group based in Boston, Massachusetts. He was also a strategic member on the Board of Directors of True Gold Mining.
Prior to his work in Boston, Stephan was President & CEO at Forbes & Manhattan Coal Corp. where he led the acquisition, restructuring and development of two coal mines in South Africa. He has structured numerous mining-focused investments and has worked on mining projects throughout Africa and North America. Mr. Theron holds a degree in Finance.
Ms. Sprott is 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. Her work history includes experience in Public Relations with Toronto-based firm DKPR. Amongst a list of charitable work, she sits on the Board of Directors of the Sprott Foundation.
Ms. Sprott holds a Master of Science in Education.
PRESIDENT, CEO 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 developer active in Mali, West Africa, he gained valuable experience operating and creating shareholder value in Africa. He has also held an executive position at Amazon Mining developing resource assets in Brazil.
Mr. Richardson spent a large portion of his career in capital markets working as a research analyst at Sprott Securities and RBC Capital Markets. He also worked as a Mining Engineer for Alcan Aluminum after graduating from the University of Toronto. Mr. Richardson holds a B.A.Sc in Mineral and Geological Engineering.
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. Deborah has an extensive background with over 25 years of financial management, including public companies, mergers and acquisitions, tax, and financing.
She also has extensive experience with fast-paced growth companies and infrastructure creation having managed the financial teams for many successful, international and domestic companies across multiple sectors, including but not limited to mining, technology and cannabis.
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 corporate finance industry where she played a key role in initial public offerings, mergers and acquisitions, restructurings and debt and equity offerings.
Ms. Roberts has experience across a range of commodities and mining projects with a strong focus on Southern Africa.
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. Mr. Müller started his career in the production environment, before also gaining experience in the technical and management divisions
of operating mines. Mr. Müller gained experience on a variety of commodities as a mining consultant before mainly focusing on operational start-ups. In addition to a Mine Manager’s Certificate, Mr. Müller holds a Bachelor of Engineering (Mining) and a Master of Engineering (Project Management) from the University of Pretoria.
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. Trigon is creating shareholder value in Africa.
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
The Trigon Metals website and this corporate page does not intended to offer securities for sale; nor is it intended to solicit investment funds in any jurisdiction. None of the contents of Trigon Metal’s website is intended to provide you with any financial, accounting, tax or legal advice nor are the contents the official versions required to be disclosed in accordance with applicable securities laws. There is no guarantee that documents and information contained on this website are current or the most current sources of information, financial or otherwise, about Trigon Metals.
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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 timelines 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”.
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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.
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