Koryx Copper Announces Further Positive Drill Results at the Haib Copper Project, Southern Namibia

Core Insights - Koryx Copper Inc. has reported assay results from 17 drill holes totaling 5,556 meters as part of its exploration strategy for the Haib Copper Project in Namibia, confirming mineralization in target areas with copper grades meeting or exceeding the average mineral resource estimate [3][4][6] - The company is integrating updated geological models to enhance the understanding of copper and molybdenum distribution, aiming to publish an updated mineral resource estimate (MRE) by the end of 2025 [5][19][20] Drilling Results - The best intercepts from the recent drilling include significant copper grades, such as 40m at 0.37% Cu and 116m at 0.36% Cu from hole HM96, and 50m at 0.33% Cu from hole HM76 [1][14] - Drilling at various targets has confirmed strong copper mineralization, with notable results from Target 1, Target 2, Target 3, and Target 4, indicating continuity and potential tonnage gains [10][11][12][13] Geological Model Update - The geological team has completed relogging and reinterpretation of the lithological and structural models, which will assist in refining the mineral resource estimates and guide future drilling plans [4][5][21] - The updated models are expected to improve resource classification, converting Inferred material to Indicated category, and support the pre-feasibility study planned for 2026 [20][21] Future Plans - The company has received four additional drill rigs, increasing the total to eight, to accelerate the drilling program in the first half of 2026 [1][21] - An updated MRE is anticipated to reflect the successful drilling campaigns and may include gold for the first time as a discrete model [19][20] Company Overview - Koryx Copper Inc. is focused on advancing the Haib Copper Project, which is a large, advanced copper/molybdenum porphyry deposit with a long history of exploration and development [28][29] - The current mineral resource at Haib is estimated at 511 million tonnes at 0.33% Cu and 51 ppm Mo in the Indicated category, and 308.9 million tonnes at 0.31% Cu and 40 ppm Mo in the Inferred category [29][30]