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Production / Operations Routine +

Koryx Copper Provides Project Development Update for the Haib Copper Project in Southern Namibia

Koryx Copper optimizes the Haib flowsheet ahead of the Q4 preliminary feasibility study while shares consolidate near the $3.20 support level.

By The Northwire Desk — AI Analysis Jun 03, 2026 · 07:30 KRY · 3.24 Koryx Copper S.A.
Executive Summary
  • Koryx Copper provided a project development update for its Haib Copper Project in southern Namibia, focusing on process flow sheet optimization ahead of the upcoming Pre-Feasibility Study (PFS).
  • The company is implementing Coarse Particle Flotation (CPF) using the Eriez HydroFloat™ system and material sorting to reject 25–30% of run-of-mine feed as coarse tailings, which will increase processed copper grade and improve project economics.
  • The flowsheet has been streamlined by eliminating the sulphide heap leach circuit, consolidating all sulphide material into conventional milling and flotation, thereby saving significant capital expenditure.
  • Cut-off grade for sulphide material to the main milling circuit has been reduced from 0.225% Cu to approximately 0.175% Cu.
  • Plant capacity is expected to increase to ~40 Mtpa ROM feed, with three crushing trains, two milling/CPF circuits, and two flotation trains.
  • Infrastructure plans are advancing, targeting a 200MVA grid supply with hybrid solar PV and water supply from the Orange River.
  • Environmental permitting is on track, with 13 specialist baseline studies completed and an Environmental Clearance Certificate (ECC) application targeted for mid-2026, with approval expected in H1 2027.
  • The PFS technical report is scheduled for publication in Q4 2026.
Material Impact
  • The June 3, 2026 update represents a logical and expected progression in the technical evaluation of the Haib project, directly supporting the Q4 2026 PFS timeline.
  • The adoption of CPF and material sorting aligns with earlier metallurgical testwork updates from mid-2025 and early 2026, confirming the anticipated economic upside from waste rejection and grade uplift.
  • Eliminating the sulphide heap leach circuit and reducing the cut-off grade are positive operational simplifications that typically lower capital intensity and improve net present value, consistent with the March 2026 MRE update which already highlighted a 48% reduction in stripping ratio.
  • The news does not contain genuinely new or unexpected market-moving information, as the market was already pricing in the PFS preparation and metallurgical optimization. It is a routine, incremental positive that validates the company's development trajectory.
  • The update reinforces management's execution capability and keeps the project on schedule for a late-2026 PFS release, which will be the next major valuation catalyst.
KRY · Price
Company Overview
  • Koryx Copper S.A. is advancing the Haib Copper Project, a 100% owned, large-scale open-pit porphyry copper-molybdenum-gold deposit in southern Namibia.
  • The project was formerly owned by major miners including Rio Tinto and Teck, with over 80,000 metres of historical drilling.
  • The flagship project is in the advanced development stage, targeting a PFS in Q4 2026 and aiming for a long-life, low-cost production profile.
  • The deposit features a dominant sulphide mineralization with oxide and transitional zones, utilizing conventional milling and flotation for sulphides and heap leaching/SX-EW for oxides.
  • The company is also exploring copper-cobalt targets in Zambia (Luanshya West and Mpongwe licences), with maiden drilling planned for 2026.
Read the original news release →

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Jun 29, 2026 · 07:00

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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.

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