Koryx Copper Inc says it is advancing towards an updated mineral resource estimate (MRE) for its Haib Copper Project in southern Namibia, with the revised estimate expected before the end of January 2026.
According to the company, the update follows strong results from nine recent drill holes totalling 4,007 metres, which confirmed consistent copper grades across the project and identified several high-grade zones.
Koryx said the results support the potential to increase resource tonnage and improve mine scheduling.
Significant intercepts include 214 metres at 0.34% copper from hole HM104 and 19 metres at 0.64% copper from hole HM102, highlighting both broad mineralisation and localised high-grade areas.
“The latest results highlight both the consistency of the copper mineralisation and the presence of localised high-grade zones,” said Koryx Copper President and Chief Executive Officer Heye Daun. “These findings support the ongoing preparation of the updated mineral resource estimate, which will, for the first time, include gold and molybdenum by-product credits.”
Koryx said it currently has 12 drill rigs operating on site, focused on infill and expansion drilling as well as geotechnical work to support the pre-feasibility study (PFS).
Geological modelling and mineral resource estimation work are continuing alongside the drilling programme.
“The team continues to fast-track the drilling programmes, with 12 rigs now operating on site on a range of workstreams,” Daun said.
“These are focused on resource conversion, as well as pit wall stability and civil construction geotechnical drilling in preparation for the PFS, which has already been initiated.”
The company said the Haib Copper Project is an open-pit copper-molybdenum-gold development designed for conventional crushing, milling and flotation, with potential for additional copper recovery through heap leaching.
Koryx added that the project’s technical simplicity, scalability and predictable permitting environment position it as one of Namibia’s most promising copper developments.
