Trigon Metals defines exploration targets at Kalahari

Executive Summary

• Trigon Metals completed a drone‑based aeromagnetic survey and 3‑D magnetic inversion over its Kalahari copper project in Namibia, defining several high‑prospectivity targets for upcoming drilling.
• The Heimat fold closure and Bushman dome have been identified as primary drill targets, with detailed depth information on the Ngwako Pan/D'Kar contact now available.
• Management indicates the company is moving from early reconnaissance to a targeted drilling program, signaling confidence in the project's potential.

Key Details

• Survey type: Drone‑based aeromagnetic survey covering key portion of Kalahari copper project; data processed and 3‑D inverted for interpretation.
• Geological context: Area characterized by thick (>40 m) Kalahari sand cover; dominated by two regional doubly‑plunging anticlines with ellipsoidal magnetic lows interpreted as Ngwako Pan cored anticlines, flanked by magnetically positive D'Kar formation anomalies.
• Target definition:
• Heimat fold closure – located within the same domal structure as the Fiesta‑Fortuna prospect (Noronex Ltd.), occurring higher in the stratigraphy within the D'Kar formation; identified as a prospective drill target due to proximity to known mineralization eastward.
• Bushman dome – large Ngwako Pan‑formation cored dome immediately south of Heimat dome, also highlighted for drilling.
• Depth insight: 3‑D inversion provided relative depth of the Ngwako Pan/D'Kar contact along the hinge zone of the Heimat dome, to guide maiden drilling program.
• Additional magnetic targets: Cigar‑shaped magnetic highs interpreted as second‑order parasitic folds; linear structures attributed to late Damaran‑age faulting and thrusting identified for further target refinement.
• Planned next steps: Ongoing data interrogation to pinpoint specific drill holes; commencement of maiden drilling campaign at Kalahari project based on defined targets.
• Executive comments:
• Jed Richardson (CEO & Executive Chairman): Emphasized transition from early‑stage reconnaissance to a targeted, geophysics‑driven exploration strategy and expressed confidence in advancing toward drilling.
• Dr. Andreas Rompel (VP Exploration, Qualified Person): Highlighted clear lithological contact and folding trends that delineate compelling drill targets.

Notable Quotes

• “Our work at the Kalahari copper project has now moved beyond early‑stage reconnaissance to a targeted strategy based on detailed geophysics… we’re now positioned to advance towards drilling with a high degree of confidence.” – Jed Richardson, CEO & Executive Chairman
• “The geological data strongly indicate folding along an axis trending WSW. In addition, a clear contact between two significant lithologies has been identified, which delineates a compelling drill target.” – Dr. Andreas Rompel, VP Exploration

Materiality Assessment: Non‑Material – Positive (operational progress and target definition without immediate financial impact).