Chamwe Kaira
Koryx Copper Incorporated has released assay results from seven drill holes, covering 2 986 metres, as part of its phase 2, 3 and 4 drill programme at the Haib Copper Project in southern Namibia.
The programme forms part of the company’s 2025 exploration and project development strategy.
Heye Daun, Koryx Copper’s President and CEO, said the results confirm the company’s drilling strategy.
“We continue to be highly encouraged by the results of our ongoing drill programme. Our strategy of drilling close spaced and deeper holes is paying dividends as we are seeing mineralisation extending down dip and along strike into areas previously classified as waste.”
Haib is an advanced-stage copper, molybdenum and gold project. It is planned to produce copper concentrate through a conventional crushing, milling and flotation process, with the potential for extra copper production through heap leaching.
Daun said the growing resource potential, combined with the conventional flowsheet, could transform Haib into a low risk, long life open pit copper project.
“The potential improvement in mineral resources together with the conventional mill/float metallurgical flowsheet should further transform the Haib project into a robust, low risk, long life, world-class open pit copper development project with serious scale potential,” he said.
As part of its mining licence application, Koryx recently completed a Preliminary Economic Assessment (PEA) of the techno-economic feasibility of the project and expects to publish the results in September.
This PEA is based on the mineral resource estimate dated 23 October 2024 and excludes new drilling and geological modelling work done since then.
Daun said the new study reflects progress by the Koryx technical team in metallurgical test work and process development since the last PEA in December 2021.
“This updated PEA will reflect an improved, low risk process flowsheet utilizing mainly conventional milling and flotation, instead of the previously envisaged bacterial heap leaching, and it reflects all of the progress made with respect to metallurgical test work, infrastructure trade-offs and de-risking and significant progress with respect to pre-concentration and sorting of mineralised material,” he said.
The company expects the current infill and expansion drill programme, along with geological modelling and mine planning, to be completed in the first half of 2026.
An updated mineral resource estimate is set for release later that year, followed by a PFS-level technical study in the second half of 2026.
“With the anticipated mineral resource and processing improvements to be completed by then, the next technical study has the potential to very significantly further improve the technical and economic results pertaining to the Haib copper project. This is what Koryx Copper is working towards,” said Daun.
