Trigon gets nod from gov't to restart Kombat copper mine in Namibia
The company said that the renewal of the licence, issued for a 10-year period, allows for the restart of the Kombat mine, where open pit mining is planned to commence by the end of 2021.
President and CEO Jed Richardson stated, "The renewal of our licence at Kombat marks a key milestone as we prepare to commence copper production by the end of the year. With licences in hand, it is full speed ahead to become a revenue generating company, capable of funding further exploration of our significant land holdings in both Namibia and Morocco."
The company holds an 80% interest in Kombat, located in the Otavi Mountainlands, an area of Namibia particularly known for its high-grade copper deposits. The project is comprised of three mining licences, which produced approximately 12.46 million tonnes of copper between 1962 and 2008, at a grade of 2.62%.
The other two mining licences are within close proximity to Kombat at Gross Otavi and Harasib, which are believed to be highly prospective for lead and zinc. In addition, the company also holds an interest in two exclusive prospecting licences which represent a potential strike extension of Kombat.
In Morocco, the company is the holder of the Silver Hill project, a highly prospective copper and silver exploration project.