Trigon Metals Completes - Namibianminingnews

COVER STORYTrigon Metals completes first copper exportFirst shipments of copperconcentrate from Trigon Metals’Kombat Mine to the Walvis Bayfor export has been made.The development comes after the company announced last May that copper production was planned for 2021 year-end.“Congratulations to the team, as theyhave achieved another tremendous milestone at Kombat. Overall, we have metour numerous goals in a fast movingprocess. Commissioning continues onall levels and, following the initial strongperformance of the mill announced inJanuary, we have been pushing the milltowards stronger recoveries and continuous operation.“The mill is now hitting its stride, we areoperating at a steady state 70 percent capacity, producing over 35 tonnes of concentrate per day. We are working our wayto a declaration of commercial produc-tion,” said Jed Richardson, President andChief Executive Officer of Trigon Metals.According to the company, the first truckload was delivered from the mine to IXMwarehouses in Walvis Bay, containing 31dry metric tonnes of concentrate, grading20.41 percent copper and 265 g/t silver.The truckload is the first of 400 tonnesof concentrate now produced and stockpiled at the Kombat Mine.“The balance of the concentrate willbe moved to the IXM warehouse, andbooked as sold,” said Richardson.IXM will make provisional payment fortonnes of copper concentrate deliveredto port of 90 percent of the projected proceeds for the metal content determinedby an independent laboratory on site atthe mine, with the balance of payment adjusted on final assays by IXM.other non-ferrous metals, with expertteams on every continent. It is among thetop copper, zinc, lead concentrate, andcobalt merchants internationally and is aleading trader of refined base metals. Thecompany is already active in Namibia,with a strong track record in that region.In addition, the company is owned bythe international mining company, CMOCgroup, one of the leading suppliers ofcopper, cobalt, molybdenum, tungsten,niobium and phosphate fertilizer products, with operations across the world.Meanwhile Trigon Metals has closeda non-brokered final tranche dubbedthe ‘Final Tranche’ of its previously announced non-brokered private placement financing of units. The companyissued 3,848,665 units at a price of 0.35per unit for aggregate gross proceeds of 1,347,032.IXM is a global merchandizer of base andOUR PRODUCTRANGEDesigned to your specificationswith professional craftsmanshipand high attention to detail.FOR ALL ACCOMMODATIONSOLUTIONS IN THE MININGINDUSTRY, RANGING FROMWASH ROOMS, CHANGEROOMS, CANTEENS ANDSITE OFFICES.GET IN TOUCH-Panel to Panel (PTY) LTD C/o Circumferential Road and Rooibank Ave. Walvis Bay, Namibia, P.O.Box 2384Tel: 264 64 203 445/6 Fax: 264 64 205 087 Email: info@ptp.com.na Web: www.panel2panel-na.com6 March-April 2022Namibian Mining Reviewwww.namibianminingnews.com

GENERAL NEWSAntler Gold expands footprint in Erongo regionCanadian miner, Antler GoldInc. focused on the acquisitionand exploration of gold projects on the local market has renegotiatedterms to acquire a 75 percent interest ina private company, whose sole asset isexclusive exploration license 5455 (EPL5455).EPL 5455 measures 32.7 square kilometers and is located west of the townUsakos in the Erongo region of central Namibia.The renegotiations replace terms of theagreement entered into in December2019. Under the terms of the originalagreement, Antler was required to makefinal cash payment of C 75,000 on December 18, 2021 and to issue C 25,000worth of common shares of Antler basedon the 10-day volume weighted averageprice per common share immediately prior to December 18, 2021 in order to complete the acquisition.Under the new terms of the Transaction,instead of the Final Cash Payment andthe issuance of Antler Shares, Antler mustmake a cash payment of C 40,000 onor before January 31, 2022, which hasbeen paid and a second cash payment ofC 42,000 on or before January 31, 2023to acquire its 75 percent interest.Currently, in accordance with the termsof the original agreement, Antler madethree cash payments in the total amountof C 100,000 and incurred the requiredexploration expenditures in the aggregateamount of C 200,000.fund the company’s activities, includingexploration expenditures,” said the company in a statement.However, should the minority shareholders be diluted below 10 percent, then theirinterest will automatically convert to a freecarried five percent interest in EPL 5455which Antler can purchase at a price to bedetermined by a professional selected byAntler using international best practicesfor evaluating mining assets.Meanwhile once Antler has acquired the75 percent interest in the private company, it has the right to purchase the remaining 25 percent minority interest at the fairmarket value determined by a professionalbusiness valuator selected by Antler.“If Antler does not exercise its right to purchase the minority interest, all shareholders will contribute on a pro-rata basis toEmail: info@gcmnam.comPhone: 083 2535 015Web: www.gc-medical.comEmail: info@gcmnam.com Phone: 083 2535 015 an Mining Review March-April 20227

GENERAL NEWSDeep Yellow’s Tumas DFSremains on trackThe definitive feasibility study (DFS) at Deep Yellow’s Tumas isprogressing as planned the company has announced, remains on trackto be completed in the second half of 2022.Deep yellow said key workstreams have been completed, delivering improvedassumptions outlined in the very positive Tumas Pre-Feasibility Study (PFS)completed in January 2021.“The first phase of DFS work, consisting of Ore Reserve expansion, MiningLicence Application (MLA), Environmental Impact Assessment (EIA), trade-offstudies and detailed metallurgical test-work, has been largely completed,” saidJohn Borshoff, Deep Yellow Managing Director.He said the company will now transition to the second and final phase of DFSwork which includes further detailed process design, operating and capital costestimates, detailed mine planning, detailed Ore Reserve optimisation and negotiation of material contracts in preparation for project implementation.The company has highlighted that the key external experts for this work includeAusenco Services and Cube Consulting, who were also important contributorsto the PFS.Ausenco provided Deep Yellow with engineering assistance during both the PFSand current phase of the DFS. This support will continue through to the conclusion of the DFS and Ausenco will undertake lead authorship of the DFS report.Cube provided Deep Yellow with mining engineering and ore reserve estimationexpertise for the PFS and recently updated the Tumas ore reserve estimate.The Company’s in-house technical team will also be expanded to facilitate andsupport these important workstreams.Deep Yellow has also revealed that commencement of the second phase of DFSwork, engagement with debtfunding providers and potential customers will alsocommence to familiarise the parties with the project and the company.Ongoing DFS results provides the company with confidence that the Tumasproject presents a technically sound, near-term development opportunity, readyto align with the timing of the anticipated increase in uranium price, expectedlate 2022 to mid-2023.8 March-April 2022Namibian Mining Reviewwww.namibianminingnews.com

GENERAL NEWSGGratomic commits one million toJS Herero Primary Schoolratomic has signed anindicative term sheet withMillenium Metals LTD (TM2)to supply graphite over 60 consecutivemonths, to begin upon commencementof commercial production at its AukamGraphite Project.The two companies formed a strategicpartnership with the intention of being thefirst to industrialize graphite as a commodity.“When we started our partnership withTM2, we already knew that we were heading for great achievements together, andthis agreement is the materialization ofthe first of many to come,” said ArmandoFarhate, Chief Operations Officer & Headof Graphite Marketing and Sales.TM2 is the world’s first spot market wheredirect investment in technology metals ispossible. It is quickly becoming the onestop-shop for electric vehicle (EV) batterymanufacturers and OEMs.The metals and minerals available on theTM2 platform are essential to EV batteries, aerospace, semiconductors, andmany additional high-tech industries.Millenium Metal’s innovative approach tocommodities has created a global com-www.namibianminingnews.community within the electric vehicle space.The parties have agreed to enter an a longform agreement within 6 months whereGratomic will commit to supplying 30 percent of its total production of its SG16 uncoated and 15 percent of its SG16 coatedgraphite material year over year for 60consecutive months from the date thatthe Company’s Aukam Graphite Plantofficially enters commercial production.Commerical production is defined as anoutput of greater than 51percent of totalproduction, which is estimated for quarterthree of 2022.according to Fastmarkets graphite pricefor graphite and subject to final weightand assays. A provisional payment of 90percent in advance will be made quarterly to Gratomic for the upcoming 3-monthdelivery period based on planned production and prices on the date of payment.“Gratomic, like TM2, is founded on forward-thinking and this transaction is aprime example of how we strive to create opportunities rather than settling forthe status quo. Gratomic will continue toestablish itself as a multinational graphite supplier and aims to stake out a solid position in the electric vehicle batterysector,” stated Arno Brand President andChief Executive Officer.Meanwhile the processing plant at thecompany’s Aukam Graphite Project wasbuilt to accommodate an initial 20,000tonnes per annum of output and was engineered in a modular design to accommodate rapid expansion over time.The first three-month commitment willbe at a fixed price of 2,700 USD per tonfor graphite grade SG16 uncoated, and 8,000 USD per ton for graphite gradeSG16 coated. After the first 3 months ofdelivery, products shall be purchased fromGratomic at prevailing market rates andNamibian Mining Review March-April 2022The Final payment will be made when final weight, assays and prices are known,according to 3-month quotational periodand no later than 90 days after deliveryless 2.5 percent total invoice value ascommission.The over-engineering of the front andback end of the plant, allows the Company to quickly increase capacity up to45,000 tonnes per year, to accommodatethe market increase in demand. Someaspects of the plant have already beenadapted to reflect the impending expansion efforts. Product output is intended tobe supplemented through the development of Gratomic’s Capim Grosso graphite project in the Bahia State of Brazil.9

GENERAL NEWSNew lithium discovery next to Uis Tin MineAfriTin Mining has announced a newdiscovery in its lithium exploration acreagein at the the Uis Tin Mine.According to the company, the new discovery, reaffirms its development goals and supports the overallstrategy of building a diverse portfolio of technologymetals.The company announced that it has discoveredspodumene, a lithium-bearing mineral, in the 129mining license which is located some 11 kilometresfrom the company’s flagship asset, the Uis Tin Mine.“The discovery of spodumene during our currentexploration programme is an exciting developmentthat highlights the significant potential of our licenceareas in Namibia and provides a promising target forAfriTin’s operations within the region,” said chief executive Anthony Viljoen.He said the company intends to conduct an exploration drilling programme during 2022, with the aim ofadding to existing lithium resource at Uis.“Lithium from these sources can be of interest toboth technical and chemical lithium markets, thelatter finding application in lithium-ion batteries.”Meanwhile the company highlighted that the lithiumdiscovery lies within the operational limits of the current Uis Tin Mine processing facility.The company noted that the presence of spodumene was confirmed through laboratory X-Ray diffraction analysis of surface grab samples.AfriTin Mining said four of the five samples collectedreturned positive results, the best of which yielded awhole rock spodumene content of 10 percent.1- our heritage -Servicing Southern Africa since -1913Servicing the waterindustry since 1913.With over 105 years of experience and distributing high quality products,carefully selected and optimised for the mining sector.Niso single-stage end suctioncentrifugal pumpSP self-priming sewage pumpSupplying water pumping equipment: Borehole & drainage pumps forreliable dewatering Booster pumps for pressureboosting Sewage pumps for effluenttransfer Solar water pumps for alternativeenergy requirements Accessories, such as pipes,valves, fittingsEngineering assistance and advice: Cost-effective planning andprojection of results Efficient conceptualizing pumpsystem designs according to siterequirements Turn key dewatering projectsolutions Maintenance support Energy managementFor dewatering and watermanagement equipment:Address: 3 Jeppe Street, NorthernIndustrial, WindhoekTel: 061 310 550Email: sales@usewater.co10 March-April 2022Namibian Mining ReviewMining Review Namibia Elsumo 2021.indd 1www.namibianminingnews.com3/16/2021 4:18:44 PM

GENERAL NEWSSolar Park to deliver operationalenergy for Rosh Pinahgy Projects, the majority shareholder, and Emesco Energy (Namibia).Otesa Energy Projects will construct the plant and Emesco developed the plant.The Director and Shareholder, Elmo Kalyamo said the facility willsupply 30 percent of RPZC’s power requirements over the 15-yearduration of the power purchase agreement (PPA). This will reduceRPZC’s emissions of greenhouse gases by six percent annually at acompany level. Emissions of CO2 produced by utility-supplied power in the //Kharas Region will be reduced by 14,242 tons.Kalyamo said Rosh Pinah Solar Park greatly appreciates the support of DBN and their responsiveness to the specific financingrequirements of the project. He also stated that this majority Namibian-owned project supports the country’s objective of energyindependence.Finance for Rosh Pinah Solar Park is the second renewable energyproject financed using the Bank’s Climate Adaptation Facility.Commenting on the financial and developmental aspects, DBN CEOMartin Inkumbi said the Bank is committed to the development ofrenewable energy generation, and the benefits that it brings to economic activity and socio-economic wellbeing in conveyor.comNOW OFFERING ORIGINALMLT CONVEYOR SOLUTIONSPRODUCTSPERMANENT SPLICES FOR HEAVY DUTY BELTSBELTS ON MEASUREPERMANENT REPAIR FOR HEAVY DUTY BELTSINSTALLATION TOOLSVULCANISING PRESSESCONVEYOR EQUIPMENTULTRA SCALES WINDHOEKCorné VISSER 264 (0)81 317 4793corne@ultrascaleswhk.comMLT SOUTH AFRICARudy SNYMAN 27 72 2008465r.snyman@mltgroup-conveyor.comThe Development Bank of Namibia (DBN) has inked anagreement to finance a solar park at Rosh Pinah,bring the company’s commitment to the field of renewable energy to N 1.038 billion encompassing finance for87.9 MW from 13 projects.Once commissioned, the new power producer, Rosh PinahSolar Park (RPSP) will generate 5, 4 MW for the operationalenergy requirements of Rosh Pinah Zinc Corporation (RPZC).RPZC is in the process of expanding its operations and willrequire additional supplies of electricity. The establishment ofRosh Pinah Solar Park is expected to reduce the cost of energy to run the mine, diversify its sources of energy and improveits sustainability. RPSP is owned and managed by Otesa Enerwww.namibianminingnews.comNamibian Mining Review March-April 2022Nambian Mining Review-sample-3.indd 11110/03/2022 15:54:49

GENERAL NEWSShell Namibia’s discovery stirs more oil and gasexplorationShell’s latest significant oildiscovery in Namibia hasstimulated confidence in Tower Resources an oil and gas explorationcompany with the largest offshore acreage in the country.With some 18,637 square kilometres Tower has the third-largest net acreage position offshore Nambia, behind Exxon andAIM-market peer Eco Atlantic Oil & Gas.Shell and its partners Qatar Energy andNamor (the National Petroleum Corporation of Namibia) struck oil in the Graff-1exploration well, in both primary and secondary targets.“We are delighted by the Graff-1 discovery, for the Republic of Namibia andour partners at Namcor, and also for the12greater confidence that this discoverygives us in our own Namibian Blocks,”said Tower Chief Executive Officer, Jeremy Asher.According to media reports, the well issaid to have encountered at least one60-metre layer of hydrocarbons, estimated to host some 250mln to 300mln barrelsof light oil. Shell is meanwhile reportedlyplanning a follow up well to determine thesize and recoverable potential of the discovery.Tower highlighted that the Shell resultswould appear to indicate (if press reportsare correct) that a “slope channel systemwith a stratigraphic trap has enabled successful migration of oil into a potentiallycommercial scale reservoir”.This point, according to Tower, is encouraging for further plays of the same typein both Namibia and South Africa – likethose in the company’s exploration portfolio.“As Immanuel Mulunga, managing director of Namcor, has said, this should putto rest any remaining doubts about thehydrocarbon potential of Namibia.“We hope that this discovery will bringprosperity to Namibia, and that the furtherexploration and appraisal activity it generates will also reduce costs and providefurther insights to assist all of us exploringin the area,” said Asher. March-April 2022Namibian Mining Reviewwww.namibianminingnews.com

REGIONAL NEWSJohn Deere extends assetfinance to construction and miningRenowned agriculture equipmentmanufacturer John Deere’sfinancial arm has extended its financing to include John Deere Construction and Mining equipment.In addition, John Deere Financial hasa team that is ready and waiting to visitits clients, assess and understand theirunique needs, and recommend the mostfitting financial solution.Meanwhile John Deere prepares the financial package structure, along withconsiderations of the term and deposit,meaning clients can expect rates as lowas prime minus nine percent.Announcing the development John DeereFinancial said the objective is to supportconstruction and mining businesses tobenefit from tailor-made asset finance.“With the necessary permission, it is evenpossible for t

The Namibian Mining Magazine is a bi-monthly professional mining journal for the Namibian mining, energy and quarry industry.With a decent print run of 7850 copies per issue and 18,2250 digital copies with animpressive online presence, this magazine remains thepreferred source of Namibian mining news both locally and internationally. Editor