Koryx Copper Inc. has secured a two-year renewal of its Exclusive Prospecting Licence (EPL 3140) for the Haib copper project in southern Namibia and has submitted a mining licence application to the Ministry of Industry, Mines and Energy (MIME).
President and CEO Heye Daun said the renewal followed an application submitted on 31 March 2025, covering fieldwork, resource drilling, metallurgical testing and confirmation that all expenditure commitments for the previous licence period had been met.
MIME granted the renewal until 6 July 2027, subject to standard work programme and budget requirements.
“As a management team with a proud track record in Namibia, we go to great lengths to deliver on our promises, and the renewal of EPL 3140 provides us with an opportunity to further de-risk the project as we advance the project towards the next critical permitting steps, namely obtaining the environmental and mining permits over the next year,” Daun said.
Koryx has also submitted a mining licence application supported by feasibility studies.
The Environmental and Social Impact Assessment, required for an Environmental Clearance Certificate, is expected to be submitted to the Ministry of Environment, Forestry and Tourism in the second quarter of 2026.
Daun said the submission underlined the company’s commitment to advancing Haib.
“I am very pleased by two unrelated but equally significant developments at the Haib project. The first one is a very significant, high-grade drill result in drill hole HM90, and the second one is the approval of our EPL renewal application for another two years, in conjunction with the submission of our mining licence application,” he said.
The Phase 3 drilling programme has returned high-grade results, including 0.70% copper from surface to 110 metres in drill hole HM90, with 36 metres at 1.42% copper. Daun said the results confirm continuity of east–west breccia and shear zone structures in the Volstruis River area.
“This area is opening up as a compellingly prospective target with the potential for near-surface, high-grade and low-strip starter pit development along these east–west trending structures,” he added.
Haib is an advanced-stage copper–molybdenum–gold project with a current resource of 414 million tonnes at 0.35% copper in the Indicated category and 345 million tonnes at 0.33% copper in the Inferred category.
More than 80,000 metres of drilling have been completed at the site since the 1970s, along with extensive metallurgical and technical studies.
