Koryx Copper expands Namibia’s Haib project with strong drill results

Koryx Copper, a Canadian mineral development and exploration company focused on advancing major copper assets in Africa, has reported strong new drilling results from its Haib Copper Project in southern Namibia, revealing expanded mineralization zones and intercepts that exceed the current resource estimate.

The results, drawn from 17 drill holes totaling more than 5,200 meters, highlight higher-grade copper, molybdenum, and gold credits as the company accelerates development of one of Africa’s largest undeveloped copper assets. The findings strengthen Haib’s position as a major porphyry copper system, supporting ongoing efforts to upgrade resource estimates and advance technical studies ahead of a 2026 economic assessment.

Koryx advances updated economic study

Among the standout results, drill hole HM132 returned 150 meters grading 0.45% copper equivalent (CuEq), including a higher-grade interval of 28 meters at 0.67% CuEq. Another intercept, HM145, recorded 38 meters at 0.57% CuEq, reinforcing consistent mineralization across the system.

The company said several holes extended mineralized zones beyond the current resource model, with some intercepts reaching up to 599 meters in width. These extensions suggest a larger-than-expected copper system with strong continuity.

Expanding mineralization footprint

Drilling at Haib has continued to define new extensions beyond the current resource shell. Hole HM123 extended copper mineralization approximately 130 meters south of the existing model, while also intersecting deeper high-grade zones outside the 0.25% grade boundary.

Hole HM127 expanded mineralization eastward by roughly 50 meters, while HM143 confirmed a broad molybdenum-rich zone along the southern margin of Target 2. In Target Area 3, HM129 returned 144 meters grading 0.36% CuEq, further reinforcing the system’s scale.

Advancing economic studies

Koryx Copper said the drilling supports its ongoing effort to refine resource models and improve project economics ahead of an updated Preliminary Economic Assessment expected by mid-2026.

The company is also integrating new metallurgical test results to optimize processing flowsheets ahead of a planned pre-feasibility study later this year.

Chief executive Heye Daun said the results continue to demonstrate “highly consistent” copper mineralization with meaningful byproduct credits from molybdenum and gold.

Strategic importance of Haib

Koryx Copper, a Canadian mineral development and exploration company focused on advancing major copper assets in Africa, is listed on the Toronto Stock Exchange (TSX) Venture Exchange and Namibia Securities Exchange.

Its flagship project is the 100%-owned, PEA-stage Haib Copper Project in southern Namibia, one of the largest porphyry copper deposits in Africa and is also expanding its exploration portfolio in Zambia. Haib is designed as a large open-pit sulphide flotation operation with projected average annual production of about 92,000 tonnes of copper over a 24-year mine life.

The project is gaining importance amid rising global demand for copper used in electric vehicles, power transmission, and renewable energy infrastructure.