Canadian exploration and mining development company, Trigon Metals Inc, says it has shipped its first shipments of copper concentrate from Kombat Mine.
The company said its first load containing 31 dry metric tonnes of concentrate, grading 20.41% copper and 265 g/t silver, was delivered to IXM warehouses in Walvis Bay late last week.
“The truckload is the first of 400 tonnes of concentrate now produced and stockpiled at the Kombat Mine. The balance of the concentrate will be moved to the IXM warehouse, and booked as sold this week,” Trigon said.
IXM is expected to make provisional payment for tonnes of copper concentrate delivered to port, with 90% of the projected proceeds for the metal content determined by an independent laboratory on site at the mine, with the balance of payment adjusted on final assays by IXM.
IXM and Trigon entered into an agreement last year to acquire 100% of the production from the Kombat after providing a US$5 million project finance facility for the restart of the Kombat mine.
“Overall, we have met our numerous goals in a fast-moving process. Commissioning continues on all levels and, following the initial strong performance of the mill announced in January, we have been pushing the mill towards stronger recoveries and continuous operation. The mill is now hitting its stride, we are operating at a steady state 70% capacity, producing over 35 tonnes of concentrate per day. We are working our way to a declaration of commercial production,” Trigon Metals President & CEO, Jed Richardson said.
Trigon Metals produced its first copper concentrates at the Kombat Mine in Namibia in January 2022 after 14 years of closure.
Trigon core business is focused on copper and silver holdings in mine-friendly African jurisdictions, with an 80% interest in five mining licences in the Otavi Mountainlands, where the company is focused on exploration and re-development of the previously producing Kombat Mine.
IXM, owned by the listed CMOC group, is a global merchandiser of base and other non-ferrous metals, already active in Namibia.
