Koryx Copper Announces Updated Mineral Resource Estimate for the Haib Copper Project, Southern Namibia

Core Insights - The updated Mineral Resource Estimate (MRE) for the Haib Copper Project shows significant increases in copper equivalent grades and total contained metals, alongside a reduction in the stripping ratio, enhancing the project's economic viability [4][5][6]. Group 1: Mineral Resource Estimates - The MRE as of March 25, 2026, indicates contained resources of 2,090,000 tonnes of copper (Cu) in the indicated category and 1,385,000 tonnes in the inferred category [1][6]. - Total contained copper equivalent (CuEq) is reported at 2,338,000 tonnes in the indicated category and 1,583,000 tonnes in the inferred category [1][5]. - The MRE reflects an 18% increase in high-grade indicated CuEq grade to 0.40% and a 23% increase in high-grade inferred CuEq grade to 0.39% [5][6]. Group 2: Stripping Ratio and Economic Viability - The stripping ratio has been reduced to 0.92 from 1.74, indicating improved efficiency in mining operations [1][5]. - The total contained Cu has increased from 2.6 million tonnes to 3.5 million tonnes, enhancing the overall copper inventory [8][11]. Group 3: Project Development and Future Plans - The Haib project is expected to have a mine life extending from 24 years to potentially over 35 years due to the addition of lower-grade mineralized material [9][11]. - The company plans to deploy 14 drill rigs to complete 50,000 meters of additional drilling by mid-2026, which will inform the next MRE update and the Preliminary Feasibility Study (PFS) [10][15]. Group 4: By-Product Resources - The updated MRE includes significant by-product resources: 487,900 ounces of gold (Au) and 103,600,000 pounds of molybdenum (Mo) in the indicated category, with 380,200 ounces of Au and 84,500,000 pounds of Mo in the inferred category [1][5][6].