Trigon Metals' Strategic Position in African Copper and Silver Exploration

The base metals market in 2025 is defined by divergent trajectories for copper and silver, both of which are central to the global energy transition and industrial demand. Copper, a linchpin of electrification, faces a structural deficit as demand outpaces supply, particularly in China, which accounts for 58% of global consumption [1]. Meanwhile, silver has surged 37.7% year-to-date, driven by a seven-year supply deficit and its critical role in solar panels, electric vehicles, and electronics [2]. Against this backdrop, Trigon Metals’ exploration projects in Africa—spanning Namibia’s Kalahari Copper Belt and Morocco’s Addana and Silver Hill prospects—position the company to capitalize on these market dynamics.

Copper: A Structural Deficit and Strategic Exploration

Copper prices in 2025 have oscillated between volatility and resilience. J.P. Morgan forecasts a temporary price correction to $9,100/tonne in Q3 2025 due to unwinding U.S. imports and slowing Chinese demand, followed by stabilization at $9,350/tonne in Q4 [1]. However, Goldman Sachs remains bullish, projecting a peak of $10,050/tonne in August 2025 amid tightening inventories and robust demand in China, the EU, and the U.S. [4]. This duality underscores the market’s sensitivity to geopolitical and macroeconomic shifts, such as U.S.-China trade tensions or a deepening global recession.

Trigon Metals’ Kalahari Copper Project in Namibia is strategically aligned with these fundamentals. The project, covering 963,163 hectares, has identified drill-ready targets through advanced geophysical techniques, including a drone-based aeromagnetic survey and 3D data inversion. These methods revealed the Heimat Fold Closure and Bushman Dome—structurally significant areas within the Kalahari Copper Belt, historically underexplored due to thick sand cover [5]. The company’s geological models suggest mineralization is not confined to traditional contact zones but extends into domes and anticlines, offering a broader exploration canvas [5].

Silver: A Bull Market and Industrial Imperative

Silver’s ascent in 2025 reflects its dual role as an industrial commodity and a safe-haven asset. With industrial demand accounting for 59% of usage, the metal’s applications in green technologies—such as solar photovoltaics and electric vehicle batteries—have intensified supply constraints [2]. The gold-silver ratio, currently at 91 (well above the historical average of 67), further signals undervaluation relative to gold [2]. Analysts project silver could test $40–$50/ounce in the coming months, driven by shrinking freely traded inventories and record ETP inflows, particularly in India [5].

Trigon’s Moroccan projects, including the Addana and Silver Hill prospects, align with this silver narrative. Addana, a silver-bearing vein system, is being advanced through a planned drill program to test bulk-tonnage potential, while Silver Hill—a sedimentary copper-silver deposit—has already shown promising drill results [3]. These projects benefit from Morocco’s favorable mining jurisdiction and Trigon’s strategic pivot to exploration, supported by a $2 million advance from Horizon Corporation Ltd. [3].

Strategic Partnerships and Financial Flexibility

Trigon’s financial strategy has been pivotal in advancing its exploration agenda. The company’s revised sale of its Kombat Mine interest to Horizon Corporation has provided critical liquidity, enabling a shift from operational maintenance to high-impact exploration [3]. This partnership, coupled with the $1 million initial advance from Horizon, underscores Trigon’s ability to secure funding in a capital-intensive sector [1]. Such flexibility is essential in a market where exploration success can rapidly revalue a company’s asset base.

Conclusion: A High-Conviction Play on African Metals

Trigon Metals’ strategic focus on underexplored African copper-silver districts positions it to benefit from both near-term price dynamics and long-term energy transition demand. The Kalahari Copper Project’s structural targets and Morocco’s silver prospects are underpinned by advanced geophysical data and a clear understanding of regional mineralization patterns [5]. As the market navigates short-term volatility, Trigon’s exploration-driven approach—supported by strategic partnerships and a disciplined capital structure—offers a compelling case for growth.

Source:
[1] Copper Price Update: Q2 2025 in Review [https://investingnews.com/daily/resource-investing/base-metals-investing/copper-investing/copper-forecast/]
[2] Silver Investment Outlook Mid-Year 2025 [https://sprott.com/insights/silver-investment-outlook-mid-year-2025/]
[3] Trigon Metals Announces Horizon to Advance US$2 Million Payment and Provides Exploration Update [https://trigonmetals.com/2025/07/31/trigon-metals-announces-horizon-to-advance-us2-million-payment-and-provides-exploration-update/]
[4] Goldman Sachs Raises Copper Price Forecast to ... [https://discoveryalert.com.au/news/goldman-sachs-copper-price-forecast-2025-2]
[5] Trigon Metals defines drill-ready targets at its Kalahari Copper Project [https://theextractormagazine.com/2025/08/19/trigon-metals-defined-drill-ready-targets-at-its-kalahari-copper-project/]