Chamwe Kaira
Koryx Copper Inc. has released new drilling results from its Haib Copper project in southern Namibia.
The company reported test results from 13 drill holes covering nearly 5,000 metres. The work forms part of Phase 2 and Phase 3 of its 2026 exploration and development programme at Haib, which Koryx fully owns.
Haib is planned as a large open-pit copper mine. Koryx aims to produce an average of 88,000 tonnes of copper per year over a projected 24-year mine life. The process would involve crushing and milling the ore before using flotation to produce copper concentrate.
A preliminary economic assessment completed in September 2025 indicated that the project could be technically and economically viable. The study showed potential for a long-life mining operation. The company is continuing technical work as it moves toward a pre-feasibility study expected in late 2026.
Koryx president and chief executive officer Heye Daun said the latest results confirm the scale of copper mineralisation at Haib. He said drilling returned wide and consistent sections of copper across areas planned for the open pit. The company stated that both infill drilling, which improves confidence in known areas, and step-out drilling, which tests for expansion, have strengthened the project’s resource base.
Haib is an advanced copper and molybdenum deposit with a history of exploration dating back to the 1970s. More than 80,000 metres of drilling has taken place at the site by companies including Falconbridge, Rio Tinto and Teck.
The current mineral resource includes 511 million tonnes in the indicated category at an average grade of 0.33% copper and 51 parts per million molybdenum. In the inferred category, the project holds about 309 million tonnes at 0.31% copper and 40 parts per million molybdenum.
Haib is classified as a porphyry copper deposit. This type of deposit contains large volumes of low-grade ore that can be mined in bulk. It is one of a few Paleoproterozoic-age porphyry copper deposits in the world and one of only two in southern Africa, both located in Namibia.
Koryx Copper is a Canadian development company focused on advancing the Haib project and building a portfolio of copper exploration licences in Zambia.
