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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Resource Estimate Routine +

Koryx Copper Files Technical Report with Updated Mineral Resource Estimate for the Haib Copper Project, Southern Namibia

Koryx Copper Files Updated Resource Report, Sets PFS Timeline Amidst Management Shuffle

By The Northwire Desk — AI Analysis May 08, 2026 · 16:26 KRY · 3.25 Koryx Copper S.A.
Executive Summary

Most Recent Release (May 8, 2026)

  • Event: Filing of NI 43-101 Technical Report with Updated Mineral Resource Estimate (MRE) for Haib Copper Project.
  • Resource Update: Confirms updated MRE replacing October 2025 Preliminary Economic Assessment (PEA).
  • Future Studies: Plans to publish new 2026 PEA by late Q2 2026; Prefeasibility Study (PFS) scheduled for Q4 2026.
  • Drilling Program: 50,000 metres of infill and growth drilling planned before end of Summer 2026 to support PFS.
  • Corporate Actions: Approved grant of up to 2,410,000 Restricted Share Units (RSUs) to executives/directors with vesting over 12-24 months.
  • Management Change: COO Trevor Faber departing for a senior project role at another mining company; succession process initiated.
Material Impact

News vs. Expectations

  • The May 8 filing is largely procedural confirmation of the March 25 MRE announcement which was already priced into the stock (price moved from $3.14 to $3.80 in early March).
  • No new resource numbers are disclosed in this release compared to the March update; it formalizes the technical report and sets the PFS timeline for Q4 2026.
  • The COO departure introduces a minor execution risk, though succession is underway. This offsets some of the positive momentum from the project updates.
KRY · Price
Company Overview

Project Details

  • Asset: Haib Copper Project, Southern Namibia (100% owned).
  • Type: Large-scale open-pit copper-molybdenum-gold porphyry deposit.
  • Status: Advanced development stage (PEA completed, PFS targeted Q4 2026).
  • Resource Estimate (March 2026 Update):
    • Indicated: 744 Mt @ 0.28% Cu, 63 ppm Mo, 0.02 g/t Au.
    • Inferred: 579 Mt @ 0.24% Cu, 66 ppm Mo, 0.02 g/t Au.
  • Economics (2025 PEA): NPV8% US$1.351bn, IRR 20.1%, Mine life >35 years (updated from 24).
Read the original news release →

More from Koryx Copper S.A.

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Resource Estimate Feb 23, 2026 · 07:00

Koryx fast-tracks Haib Copper toward PFS as aggressive drilling yields high-grade intercepts and massive treasury secures development runway.

Resource Estimate