Trigon Metals Inc. announced the results of the feasibility study undertaken on its Kombat Asis West underground mine in Namibia (the Feasibility Study). The Feasibility Study was prepared by SRK Consulting South Africa (Pty) Ltd. ("SRK") in accordance with Canadian Securities Administrators' National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). The Feasibility Study incorporates both the currently operational open pit mine at Kombat as well as the restart of the historic Asis West underground mine.

Highlights: Significant Mineral Reserves and production, Strong financial metrics, Defined Project Capital requirement, and Derisked operational and production profile. Kombat Mine Overview: Trigon holds six active mineral licences related to the Kombat mine: the four mining licenses of Asis West, Asis Far West, Asis Ost and Gross Otavi and two exclusive prospecting licenses. The project areas are situated in the Otjozondjupa Region, Grootfontein Magisterial District of the Otjozondjupa Region, Namibia, between the towns of Otavi, 37 km to the west and Grootfontein, 45 km to the east.

Trigon commenced with open pit mining in early 2023, and dewatering of the historic Asis West underground complex (which comprises two vertical shafts, No. 1 shaft and No. 3 shaft, and a decline ramp) in August 2023.

In February 2024, Trigon announced the commencement of operational training for the commencement of underground mining. Mineral Reserves: The open pit Mineral Reserves as set out in Table 5 are limited to the Ore Capping open pits, which are situated in the Kombat East and Central areas. The LoM pit has been excluded due to interference with current underground infrastructure.

The open pit Mineral Reserve is declared at the RoM stockpile as a reference point.