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Expression of Interest for Provision of Drafting a Compliant Competent Person Report and Resource & Reserve Statement as Part of an IPO Process, to Trinity Metals LTD

Trinity Metals

Trinity Musha Mines Limited [formerly Piran Rwanda Ltd], Trinity Nyakabingo Mine Limited [formerly Eurotrade International Ltd], and Rutongo Mines Limited are established as three separate, privately held companies. They all have a strong track record of mining and exploration of tin, tungsten and/or tantalum in Rwanda and are committed to incorporating responsible mining practices into assets previously acquired from the Rwandan government.

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EXPRESSION OF INTEREST FOR PROVISION OF DRAFTING A COMPLIANT COMPETENT PERSON REPORT AND RESOURCE & RESERVE STATEMENT AS PART OF AN IPO PROCESS, TO TRINITY METALS LTD

Trinity Metals including (Trinity Nyakabingo Mine, Trinity Rutongo Mine and Trinity Musha Mine) is seeking a qualified and local Rwandan service provider to estimate Mineral Resources and Ore Reserves in order to provide compile a compliant Competent Person’s Report for an IPO process.

We understand that the objective of this engagement is to improve confidence in Mineral Resources and Ore Reserves, address current production vs. estimate discrepancies, and support investment and IPO readiness through technically robust and transparent deliverables

Scope of Work

The scope of work is structured into the following key technical areas:

Mineral Resource Model Update (In-Situ Veins)

The selected consultant(s) will:

  • Review and validate existing vein wireframes
  • Integrate:
  • Broken Ore Samples (BOS)
  • Development sampling data
  • Historical production data
  • Conduct detailed grade analysis per vein and development type
  • Develop an updated block model capturing grade variability

Additional responsibilities include:

  • Assessment and inclusion of previously unmined veins

Tailings Mineral Resource Estimation

The work will include:

  • Interpretation of sonic drilling data
  • Development of a 3D tailings model
  • Volume estimation using:
  • LiDAR survey data
  • Drillhole information
  • Application of confidence classification (variance analysis)

Mine Planning and Mining Section of CPR

In coordination with Trinity and appointed mining consultants:

  • Update the Life-of-Mine (LOM) plan
  • Revise mine design and scheduling based on updated resources
  • Contribute to the Mining Section of the CPR, including:
  • Mining methods (stoping and development)
  • Underground infrastructure, Dewatering, Power and services
  • Ventilation planning outputs, including modelling and design standards

Metallurgical and Economic Review

  • Review of metallurgical recovery assumptions to be used as Modifying factors and demonstrate RPEE
  • Validation of key modifying factors:
  • Grade assumptions
  • Operating costs
  • Capital costs
  • Production rates
  • Integration into economic models, ensuring:
  • Flexibility for scenario analysis
  • Alignment with current commodity pricing (tungsten market)
  • Financial Valuation according to International Reporting code such as IMVAL.

Environmental, ESG, and Compliance

The selected party will contribute to:

  • Review of:
  • ESIA, ESMP, and ESAP documentation according to international standards
  • Regulatory compliance frameworks
  • Update of JORC Table 1
  • Input into Environmental, Social, and Governance (ESG) sections of the CPR

Expected Deliverables

The engagement is expected to produce:

  • Updated Mineral Resource Estimate
  • Tailings Mineral Resource Model
  • Inputs for Ore Reserve estimation
  • Updated Life-of-Mine Plan
  • Compliant Mining Section of CPR
  • Financial modelling and valuation according to an international reporting code
  • Updated JORC Table 1 documentation
  • CPR compliant for an IPO process -ready technical reports for investor use

Eligibility and Competency Requirements

Interested parties must:

  • Be legally registered and operating in Rwanda.
  • Be recognized Competent Persons as defined by the JORC Code (2012 Edition).
  • Have a minimum of 10 years of demonstrated experience in mineral resource and ore reserve estimation and reporting.
  • Have a minimum of 10 years of demonstrated experience in Valuation of mineral assets.
  • Possess a solid track record of working of JORC-compliant resource/reserve statements and Valuation.
  • Be registered with, or eligible for registration with, a recognized professional organization (e.g., AusIMM, SAIMM, etc.).
  • Demonstrate prior experience with tungsten or similar vein-hosted and estimation of Tailings.

All interested parties should submit an Expressions of Interest in accordance with the below requirements complete with supporting documents.

  • Application Cover Letter introducing your Company/Individual expressing interest, availability, and a brief business and experience profile including qualifications and experience.
  • CVs of proposed personnel demonstrating JORC Competent Person status.
  • Key personnel CVs for Peer Review & DFS work
  • Summary of qualifications and relevant experience.
  • Indicative timeframe and approach.
  • Details of at least three similar projects undertaken in the last five years.
  • Certificate of domestic company registration issued by RDB.
  • VAT Registration.
  • Valid income tax clearance issued by RRA

Submission to be forwarded to tender@trinity-metals.com  by not later than 09th October 2026 at 17:00 PM Local time. Expressions of Interest received after 17:00 PM will unfortunately not be considered.

Further discussion will be undertaken with selected respondents to prove the competence of the bidder and thereafter an invitation to tender will be provided to the bidder. 

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