Koryx Copper Announces Updated Mineral Resource Estimate for the Haib Copper Project, Southern Namibia
Koryx delivers massive resource upgrade at Haib as stripping ratio plummets, setting the stage for a Tier-1 copper development in Namibia.
The most recent news (March 25, 2026) announces a major Mineral Resource Estimate (MRE) update for the Haib Copper Project in Namibia. Key highlights include: - Resource Growth: Indicated resources now contain 2.09 million tonnes (Mt) of Cu, with an additional 1.385 Mt Cu in the Inferred category. - By-product Inclusion: For the first time, significant Molybdenum (Mo) and Gold (Au) credits are included (487k oz Au Indicated; 103M lbs Mo Indicated), increasing the Copper Equivalent (CuEq) total. - Operational Efficiency: The stripping ratio has been slashed from 1.74x to 0.92x, a nearly 50% reduction that materially lowers projected mining costs. - Grade Uplift: Mineral sorting testwork suggests potential for further grade enhancement of processed material.
The impact is Material - Positive. This update represents a "step-change" in project viability. - Economic De-risking: Reducing the strip ratio to below 1:1 is a massive win for a large-scale porphyry project, as it significantly lowers the amount of waste moved per tonne of ore. - Asset Quality: The inclusion of gold and molybdenum by-products provides a meaningful "cushion" to C1 cash costs. - Scale: With over 3.4 Mt of total contained copper, Haib is positioning itself as a globally significant undeveloped copper asset. - Execution: Management has successfully converted a large portion of the resource to the Indicated category, which is a prerequisite for the upcoming Pre-Feasibility Study (PFS).
Koryx Copper is focused on the 100%-owned Haib Copper Project in southern Namibia. Haib is a large-scale Paleoproterozoic porphyry copper-molybdenum deposit. The project has seen over 80,000m of historical drilling by majors like Rio Tinto and Teck. Koryx is currently "right-sizing" the project, moving away from bacterial heap leaching toward a conventional crushing/milling/flotation flow sheet.