Northwire Canada EditionSaturday, July 11, 2026
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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%
Drill Results Routine +

Koryx Copper Provides Update on Zambia Projects, Results of Regional Surface Geochemistry and Planning for the Upcoming Field Season

Koryx Copper advances Zambian geochemistry and licence transfer ahead of a late-2026 drilling campaign.

By The Northwire Desk — AI Analysis Jun 23, 2026 · 07:00 KRY · 3.36 Koryx Copper S.A.
Executive Summary
  • Koryx Copper provided an exploration update on its Zambian assets (Mpongwe and Luanshya West projects), reporting successful regional surface geochemical sampling that identified new copper soil anomalies and validated the Lwabufubu target as a near-term priority.
  • The company plans to commence its 2026 field season in late July, focusing on infill sampling, ground geophysics, and shallow drilling at Lwabufubu and newly identified anomalies (MP1, MP2). A full drill program at Luanshya West is now targeted for completion before the end of 2026, delayed from earlier timelines due to heavy rains.
  • Initial regulatory consent has been granted to transfer two exploration licences into Koryx’s wholly-owned Zambian subsidiary. The company currently holds a 51% interest and retains an option to earn up to 80% through $2 million in expenditures over 18 months. Legal counsel has been engaged to finalize Ministry of Mines documentation.
  • QAQC protocols for the ~4,000 soil samples collected in late 2025 were maintained at ~5% frequency, with analyses conducted by Intertek Genalysis using multi-acid digest and ICP-OES.
Material Impact
  • The release represents incremental, expected progress on secondary exploration assets. It does not alter the core development timeline for the flagship Haib Copper Project in Namibia, where the Pre-Feasibility Study (PFS) remains targeted for Q4 2026.
  • The licence transfer is a procedural regulatory step that de-risks the Zambian portfolio but does not immediately impact cash flows or valuation.
  • No new capital was raised, and no material resource estimates or metallurgical breakthroughs were disclosed. The news aligns with prior management guidance and historical exploration updates.
KRY · Price
Company Overview
  • Koryx Copper Inc. (TSXV: KRY) is a mining development company focused on the 100%-owned Haib Copper Project in southern Namibia, near the South African border.
  • Haib is an advanced, large-scale porphyry Cu-Mo-Au deposit. A September 2025 PEA outlined a 23-year mine life, producing an average of 92ktpa of payable copper, with a post-tax NPV8% of $1.351B and an IRR of 20.1%.
  • The company is advancing a PFS targeting Q4 2026 publication, incorporating process optimization (Coarse Particle Flotation), infrastructure planning (200MVA grid + solar PV, Orange River water supply), and environmental permitting.
  • Secondary assets include the Luanshya West and Mpongwe projects in Zambia, currently at the exploration/target definition stage.
Read the original news release →

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