Chamwe Kaira
Koryx Copper Inc. says its latest drill results show continued improvement at the Haib copper and molybdenum project in southern Namibia.
Company President and CEO Heye Daun said the project is progressing, though drilling and assay work have moved slower than expected.
“We now have a bulked-up technical team in place, with additional drill rigs expected to arrive within the next few weeks, which should improve our drilling rate from the second half of the year. In parallel with the drilling, we are making very significant progress with the various met test work components towards demonstrating the feasibility of a large-scale conventional sulphide flotation concentration flowsheet,” said Daun.
He said the company is also working with engineering specialists on studies covering tailings deposition, site infrastructure, power and water supply, and concentrate transportation. These efforts support the preparation of an updated technical report planned for late 2025.
The drill programme has confirmed consistent copper mineralisation across the system. Reported drill holes have shown wide mineralised intercepts in line with company expectations or copper grades above the average of the current resource model.
Most intercepts were found in the shallow to middle zones of the resource pit. Several drill holes returned higher copper grades near the surface.
“These intercepts will upgrade shallow areas of the block model and are expected to produce a slight increase in the tonnage and the grade of the overall resource. The effects of the improved resources in the shallow areas of the block model are expected to provide opportunities for selective starter pit mining in the initial years of the mine schedule,” the company said.
The final phase four infill drilling programme, aimed at converting the entire mineral resource to the indicated category, is set to start in the second quarter of 2026 and finish by the end of that year.
Haib is an advanced-stage copper, molybdenum, and gold project expected to produce copper concentrate using a conventional crushing, milling, and flotation process, with potential for added copper recovery through heap leaching.
Haib has been explored since the 1970s, with over 80,000 metres of drilling. Companies that previously led exploration include Falconbridge in 1964, Rio Tinto in 1975, and Teck in 2014.
Koryx Copper is a Canadian development company focused on advancing the Haib project and building a portfolio of copper exploration licences in Zambia.
