Production at Kombat Mine in central Namibia continues to outperform expectations, with concentrate production continuing to build, with grades of around 30% copper, and recoveries above 80%.
According to a statement from Trigon Metals Inc president and chief executive officer Jed Richardson, the mill has had a continuous run for over 96 hours without interruption at a rate of 95% capacity.
Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions.
It currently has operations in Namibia and Morocco.
According to Richardson, the company’s 735 999 common share purchase warrants, previously set to expire on 13 October, with an exercise price of $0,45 (N$8,55), have been extended to 31 March, 2024.
In addition to the high production, successful drilling outcomes were recorded at the East 400 area and the Kavango North Pit at Kombat Mine.
The team has drilled some confirmation holes in the East 400 area, located 250m east of the Kavango Pit, where mining began in May.
East 400 is the smallest and shallowest of the planned pits at Kombat Mine.
Richardson said: “We are thrilled with the exceptional drilling results at the East 400 area. These findings further demonstrate the high-grade copper potential within our licences and solidify our confidence in the exploration and development of the Kombat project.”
The company holds an 80% interest in five mining licences in the Otavi Mountainlands, an area of Namibia widely recognised for its high-grade copper deposits, where the company is focused on exploration and the redevelopment of Kombat Mine.
Kombat Mine is one of the most significant copper mines in Namibia. Mining operations originally commenced in 1962, producing until 2008, and with total output reaching 12,46 million tonnes of ore grading 2,6% copper on average.
Planned production relaunch started from the open pit in 2023, and will be followed by underground mining in 2024, when higher-grade underground ore begins to be recovered and as planned upgrades to crushing and milling are incorporated.
The life of mine has been estimated at 15 years.
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