Trigon Metals Inc. has announced key leadership appointments and the acquisition of the Kalahari Copperbelt Project.
Trigon Metals’ President and CEO, Jed Richardson, said the company has successfully transitioned from development to production, with ambitious plans for the future.
As part of this transition, Rennie Morkel has been appointed as the new President and Chief Operating Officer of the Company.
Morkel, a Namibian Permanent Resident and Chartered Accountant with 19 years of experience in the mining sector, brings valuable knowledge from his senior positions at major companies, including Endeavour Mining Group, Glencore, and Vale.
Andreas Rompel, a German national with over three decades of exploration and production experience, has joined the company as the new Vice President of Exploration.
Meanwhile, Grant Sboros, holding dual nationalities of Greece and South Africa and serving as the CEO of Euro Sun Mining Inc., has been appointed as a new director.
Richardson expressed the Board and Management’s pleasure in welcoming these professionals, emphasizing their wealth of experience in the mining industry and diverse backgrounds, which will play a crucial role in driving the company’s continued growth.
In a strategic move to expand its copper portfolio, Trigon Metals has entered into a definitive share exchange agreement to acquire a 100% equity interest in the private company Privco, which holds an option for up to a 70% stake in the Kalahari Copperbelt Project.
The project covers a significant land package in Namibia along the Kalahari Copper Belt, known for hosting world-class Cu-Ag deposits.
“With exclusive prospecting licenses covering 280km, the project is strategically positioned between Sandfire Resources and Rio Tinto. Namibia’s stable government, reliable judicial system, good infrastructure, and favorable investment environment make it an attractive jurisdiction for mining,” said Richardson.
The announcement follows the company’s recent statement that it is on track for the launch of its first underground mining phase at Kombat Mine early next year, supported by the acquisition of new underground equipment.
Thedewatering of the underground mine, initiated in September 2023,according to the company is progressing well.
“Within the first month of pumping, water levels dropped by 157 meters, and full shaft dewatering is expected by year-end, paving the way for mining activities to commence in the first half of 2024.”
