Northwire Canada EditionMonday, November 9, 2026
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Gold 4,129.60 +1.3% Silver 52.77 +1.6% Copper 6.34 +1.7% Oil 87.56 −3.6% Palladium 1,027.00 −9.0% UCU 2.24 +4.7% KAPA 0.105 +0.0% AFM 1.30 +6.6% BONE 0.035 −12.5% EM 4.30 +0.0% BKM 4.10 +2.5% SGO 0.155 +3.3% BNKR 2.68 +2.3% TECT 1.60 +5.3% MKA 0.650 +0.0% BEX 0.070 +0.0% RTH 0.035 +0.0% GBU 0.085 +13.3% KCC 0.840 +0.0% NEV 0.030 +20.0% FMAN 0.260 +2.0% Gold 4,129.60 +1.3% Silver 52.77 +1.6% Copper 6.34 +1.7% Oil 87.56 −3.6% Palladium 1,027.00 −9.0% UCU 2.24 +4.7% KAPA 0.105 +0.0% AFM 1.30 +6.6% BONE 0.035 −12.5% EM 4.30 +0.0% BKM 4.10 +2.5% SGO 0.155 +3.3% BNKR 2.68 +2.3% TECT 1.60 +5.3% MKA 0.650 +0.0% BEX 0.070 +0.0% RTH 0.035 +0.0% GBU 0.085 +13.3% KCC 0.840 +0.0% NEV 0.030 +20.0% FMAN 0.260 +2.0%
Resource Estimate

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.

By The Northwire Desk — AI Analysis Mar 25, 2026 · 07:00 KRY · 2.88 Koryx Copper S.A.
Executive Summary

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.

Material Impact

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).

KRY · Price
Company Overview

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.

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