Koryx Copper Inc. plans to release an updated Mineral Resource Estimate (MRE) for its Haib Copper Project in southern Namibia by the end of 2025, following positive results from its ongoing Phase 2 and 3 drilling campaigns.
The company recently announced assay results from 17 additional drill holes covering 5,556 metres, confirming consistent copper mineralisation across all four target zones.
Several intercepts exceeded the average grades in the current resource model, including 116 metres at 0.36% Cu in hole HM96 and 50 metres at 0.33% Cu in HM76.
“The new model also allows the geologists to improve and more accurately estimate the overall mineral resource. These updated models are currently being reviewed with the intention of updating and publishing the MRE before the end of 2025, aiming to realise the upside from the drill results received since the previous estimate in August 2024,” said Koryx President and CEO, Heye Daun.
Daun added that the company has completed relogging and geological reinterpretation of all drill cores, incorporating new data on copper, molybdenum and gold mineralisation.
The work, supported by expert consultants, will form the basis of the revised MRE, which aims to capture the project’s growing potential.
Koryx has also strengthened its exploration capacity with the arrival of four new portable drill rigs, increasing the total to eight for resource drilling and two for geotechnical work.
“The site geological team has made notable progress in building an updated geological model, having completed the relogging of all available drill core, updated the database, and, under the guidance of our expert consultants, reinterpreted the entire lithological and structural model for the deposit,” Daun said.
Located in Namibia’s //Karas Region, the Haib Copper Project is an advanced-stage copper-molybdenum-gold deposit being developed to produce copper concentrate through conventional milling and flotation, with potential for additional recovery via heap leaching.
