Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results Routine +

Koryx Copper Announces Further Significant Drill Results for the Haib Copper Project, Southern Namibia

Koryx Copper Drill Results Validate Resource Upgrade as PFS Timeline Tightens

By The Northwire Desk — AI Analysis May 15, 2026 · 07:00 KRY · 3.41 Koryx Copper S.A.
Executive Summary
  • Koryx Copper announced assay results from 17 drill holes (totaling 5,252m) at the Haib Copper Project in Namibia on May 15, 2026.
  • Intercepts show consistent, wide copper mineralization with CuEq grades exceeding the average Mineral Resource Estimate (MRE) grade established in March 2026.
  • Significant molybdenum and gold byproduct credits were identified, reinforcing the economic potential of the deposit.
  • The company is operating 14 drill rigs on-site for infill, growth, geotech, and exploration drilling.
  • Management reaffirmed plans to publish an updated Preliminary Economic Assessment (PEA) before mid-2026 and a Pre-feasibility Study (PFS) before the end of 2026.
  • This news follows the May 8 filing of an updated NI 43-101 Technical Report which included the March MRE update showing a ~35% increase in contained copper.
Material Impact
  • The drill results serve as validation of the significant resource upgrade announced on March 25, 2026, rather than introducing new fundamental surprises.
  • Given the stock price has already rallied from approximately $1.00 to over $3.40 following the MRE update and financing rounds in early 2026, this news is largely priced in as expected progress toward the PFS.
  • The confirmation of high-grade intercepts supports the stripping ratio improvements (0.92x) reported in March, reducing execution risk for the upcoming PFS.
  • However, the departure of COO Trevor Faber announced on May 8 adds a minor operational uncertainty that slightly tempers the enthusiasm compared to pure resource news.
  • The news is positive but incremental relative to the major valuation drivers already established (MRE upgrade and financing), classifying it as Routine - Positive rather than Material - Game Changer.
KRY · Price
Company Overview
  • Company: Koryx Copper S.A., listed on TSX Venture (KRY.V).
  • Flagship Project: Haib Copper Project, Southern Namibia.
  • Project Type: 100% owned open-pit copper-molybdenum-gold porphyry deposit.
  • Status: Advanced development stage; PEA filed September 2025, updated MRE March 2026, PFS targeted Q4 2026.
  • Resource Estimate (March 2026): 744Mt Indicated @ 0.28% Cu and 579Mt Inferred @ 0.24% Cu; includes significant Mo and Au credits.
  • Production Guidance: Envisaged average annual production of 92,000tpa clean concentrate over a >35-year mine life (updated from 24 years).
  • Strategic Assets: Also holds exploration licences in Zambia (Luanshya West, Mpongwe) with maiden drilling planned for early 2026.
Read the original news release →

More from Koryx Copper S.A.

Oct 08, 2026 · 07:01

Koryx simplifies the Haib flowsheet by dropping heap leaching, keeping the prefeasibility study on track for a November release.

Technical Study Sep 22, 2026 · 07:00

Koryx Copper Completes PFS Drill Program, Announces Further Positive Infill Drill Results at the Haib Copper Project in Southern Namibia

Drill Results Sep 18, 2026 · 07:00

Koryx Copper acquires an 80% stake in Zambia and begins maiden drilling at its newly acquired project.

Drill Results Sep 09, 2026 · 07:00

Koryx Copper Announces Further Drill Results at the Haib Copper Project in Southern Namibia

Drill Results Aug 26, 2026 · 07:00

Koryx reports 969m at 0.27% CuEq, extending the length of the economic porphyry grade without increasing the width.

Drill Results Aug 14, 2026 · 07:00

Koryx reports 831m at 0.27% CuEq extending the Haib deposit, a result the market has already priced into the project’s pre-feasibility study.

Drill Results