Core Insights - The Haib Copper Project is positioned as a scalable, low-risk, and low-cost open-pit mining operation with a projected mine life of 23 years and annual payable copper production of 92,000 tonnes [2][5][7] - The Preliminary Economic Assessment (PEA) indicates a post-tax NPV of US$1.351 billion and an IRR of 20.1%, highlighting the project's strong financial viability [5][10] - The project is located in southern Namibia, an area with rich infrastructure, and is under new management aiming to optimize and de-risk the project [2][7] Financial Overview - The PEA estimates an upfront construction capital of US$1.559 billion and sustaining capital of US$543 million over the life of the mine [5][12] - Average C1 cash costs are projected at US$1.81 per pound for the first ten years, with an AISC of US$2.05 per pound [5][12] - The project has a capital intensity of US$16,871 per tonne of annual payable copper production for the first ten years [5][12] Production and Recovery - The project plans to produce copper and molybdenum concentrates through a conventional milling and flotation process, with additional copper cathode production via heap leaching [5][7] - The average recovery rates are estimated at 89% for milling and flotation and 74% for heap leaching [5][12] - The total mineralized material mined is projected to be 779 million tonnes, with a copper grade of 0.309% [14][41] Environmental and Social Considerations - The permitting process is underway, with a mining license application submitted and positive public perception regarding job creation and economic development [5][7] - Environmental and social impact assessments are progressing positively, indicating a supportive community for the project [5][7] Technical and Operational Aspects - The project is designed to process 28 million tonnes per annum through conventional methods, with a hybrid solution for water sourcing [5][12] - The technical team has a strong track record in mine development in Namibia, enhancing the project's credibility [7][8] - Ongoing drilling and metallurgical testing are expected to unlock further upside in terms of size and grade improvements [4][5]

Core Insights - Koryx Copper Inc. announced significant assay results from drill hole HM90 as part of its Phase 3 drill program at the Haib Copper Project in southern Namibia, highlighting high-grade copper mineralization [3][5][8] - The company received approval for the renewal of its Exclusive Prospecting License (EPL 3140) for an additional two years, which is crucial for advancing the project towards obtaining necessary mining permits [7][15][19] Drill Results - Drill hole HM90 intersected 110m at 0.70% Cu from surface to a depth of over 110m, including a notable 36m section at 1.42% Cu, marking the widest continuous high-grade zone encountered at Haib to date [6][8][9] - The overall hole returned an average grade of 0.33% Cu over 417m, with mineralization primarily consisting of chalcopyrite [9][12][24] Project Development - The renewal of EPL 3140 validates Koryx's execution track record in Namibia and allows the company to further de-risk the Haib project as it moves towards critical permitting steps [7][15][19] - A Mining License application has been submitted to convert the EPL to a Mining License, which is essential for establishing the legal basis for mining operations [16][19] Mineral Resource and Feasibility - The Haib Copper Project has a current mineral resource estimate of 414 million tonnes at 0.35% Cu, containing approximately 1,459 million tonnes of copper in the Indicated category, and 345 million tonnes at 0.33% Cu in the Inferred category [23] - The project is positioned as a future long-life, low-cost, low-risk open pit, sulphide flotation copper project, with potential for additional copper production from heap leaching [22][23][24]

Core Insights - Koryx Copper Inc. is advancing its Haib Copper Project in Namibia, with ongoing drilling and metallurgical testing indicating potential for improved resource estimates and reduced processing costs [4][5][10]. Drilling Progress - Currently, 6 drill rigs are active on site, with an additional 4 man-portable rigs expected to arrive in September, bringing the total to 10 [2][30]. - The company has completed 15,349 meters of the planned 28,000 meters for 2025, with ongoing drilling extending mineralization into previously modeled waste areas [7][30]. - Recent drill results include significant intersections such as HM75 with 927m at 0.24% Cu and HM72 with 52m at 0.32% Cu [7][26]. Preliminary Economic Assessment (PEA) - An updated PEA is scheduled for publication in September 2025, based on the existing mineral resource estimate (MRE) from October 2024, excluding recent drilling data [3][6][10]. - The PEA aims to reposition the Haib project as a large-scale, low-risk, low-cost conventional milling and flotation project, moving away from the previously considered bacterial heap leaching approach [10][12]. Metallurgical Testing - Ongoing metallurgical tests have shown consistent copper recovery results, with successful sorting and flotation tests indicating potential for significant pre-milling waste rejection [32][34]. - Coarse particle flotation tests have generated a discardable tailings stream of about 15% of the bulk flotation feed, which could reduce processing costs [34][35]. Resource Estimation and Geological Modeling - The company is re-logging historical drill core to develop a geo-metallurgical model, which will enhance the understanding of the correlation between copper grades and geological features [5][29]. - An updated mineral resource estimate is anticipated in H1 2026, following the completion of the current drilling program and geological modeling [11][12]. Infrastructure and Supply Studies - Studies for mine infrastructure have progressed, identifying optimal locations for processing plants, waste rock dumps, and tailings facilities [37]. - Power and water supply studies have identified feasible alternatives to support the mine's operational needs, with discussions ongoing with local utilities [38][39].

Core Viewpoint - Koryx Copper Inc. has successfully closed a bought deal public offering and a concurrent non-brokered private placement, raising a total of approximately C$25 million to advance its Haib Copper Project in Namibia [1][6]. Group 1: Offering Details - The public offering consisted of 19,047,680 common shares at a price of C$1.05 per share, generating gross proceeds of C$20,000,064, including the full exercise of the over-allotment option [1]. - The concurrent private placement involved 4,761,844 common shares at the same issue price, resulting in total gross proceeds of approximately C$5,000,000 [1]. - The offering was led by Stifel Canada and included a syndicate of underwriters such as Beacon Securities Limited and BMO Capital Markets [2]. Group 2: Investor Support - The offering received strong support from existing shareholders, including notable investments from Ross Beaty and various European and North American financial institutions [3]. - Namibian institutional and private investors contributed over 40% of the financing, indicating a strong vote of confidence in the company's strategy [4]. Group 3: Use of Proceeds - The net proceeds from both the offering and placement will be utilized for advancing technical studies on the Haib Copper Project, exploration activities, working capital, and general corporate purposes [6]. Group 4: Company Background - Koryx Copper Inc. is focused on the Haib Copper Project, a significant copper/molybdenum porphyry deposit in Namibia, with a current mineral resource of 414 million tonnes at 0.35% copper in the indicated category [12][13]. - The project has a long history of exploration, with over 80,000 meters of drilling conducted since the 1970s by various operators [12].

Core Viewpoint - Koryx Copper Inc. has filed a final short form prospectus for a public offering of 16,563,200 common shares at C$1.05 per share, aiming for gross proceeds of C$17,391,360, with an over-allotment option exercised in full for additional proceeds of C$2,608,704 [1][2]. Group 1: Offering Details - The public offering consists of 16,563,200 common shares priced at C$1.05 each, totaling gross proceeds of C$17,391,360 [1]. - The underwriters, led by Stifel Canada, have the option to purchase an additional 2,484,480 shares, which has been fully exercised [1][2]. - The offering is subject to conditions, including the conditional approval from the TSX Venture Exchange, which has been granted [5]. Group 2: Company Overview - Koryx Copper Inc. is focused on advancing the Haib Copper Project in Namibia and holds two copper exploration licenses in Zambia [7]. - The Haib project is a significant copper/molybdenum porphyry deposit with a current mineral 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 [8]. - The mineralization at Haib is characterized by chalcopyrite, with extensive historical exploration and technical studies conducted since the 1970s [9][10].

Core Insights - Koryx Copper Inc. announced positive assay results from six drill holes totaling 1,808 meters as part of its Phase 2 drill program for the Haib Copper Project in Namibia, indicating higher copper grades than the average mineral resource estimate [2][4][25] - The company is encouraged by the geological findings, which suggest the presence of additional higher-grade mineralization in previously unrecognized structures, potentially enhancing the overall mineral resource estimate [3][12] Drilling Results - The Phase 2 drill program has completed six diamond drill holes, with results showing significant copper intersections, including 88 meters at 0.41% Cu and 228 meters at 0.34% Cu [4][14] - The drilling has confirmed the extension of higher-grade mineralization in various targets, with notable results from holes HM68, HM69, HM70, HM71, HM73, and HM74 [5][9][10] Geological Understanding - The geological mapping and core relogging efforts, supported by an international consultant, have improved the understanding of the mineralization at Haib, highlighting structural controls that may serve as excellent drill targets [10][12] - The mapping has confirmed the presence of northeast-dipping shear zones associated with higher-grade copper mineralization, which were previously unrecognized [11][12] Future Plans - Koryx plans to mobilize additional man-portable drill rigs to facilitate drilling in challenging terrain, with expectations to complete a total of 28,000 meters of drilling in 2025 [17][18][19] - The company remains confident in its ability to meet its drilling targets and advance the Haib Copper Project towards further development [19] Project Overview - The Haib Copper Project is an advanced-stage copper/molybdenum/gold project with a current mineral resource of 414 million tonnes at 0.35% Cu in the Indicated category and 345 million tonnes at 0.33% Cu in the Inferred category [25][26] - The project aims to establish a long-life, low-cost open-pit copper operation, with potential for additional copper production through heap leaching [24][25]

Core Insights - Koryx Copper Inc. has made significant progress on its Haib Copper Project in Namibia, focusing on metallurgical testing and infrastructure development, with a Preliminary Economic Assessment (PEA) expected in Q3 2025 [2][3][4] Project Overview - The Haib Copper Project is an advanced-stage copper/molybdenum project aimed at producing clean copper concentrate through conventional methods, with potential for additional copper production via heap leaching [2][4][29] - The current mineral resource estimate stands at 414 million tonnes (Mt) at 0.35% copper, equating to 1,459 million tonnes of contained copper in the Indicated category, and 345 Mt at 0.33% copper for 1,136 million tonnes of contained copper in the Inferred category [29] Metallurgical Testing - The metallurgical test program has shown excellent results, achieving an average flotation recovery of 89% from a grind size of 120-150 micrometers, producing concentrates with a grade of 20-25% copper [8][18] - Historical test parameters have been effectively enhanced, leading to improved copper recovery and cost reduction [6][7] - The program includes ongoing pre-concentration and heap leach testing, with promising initial results [8][16] Infrastructure Development - The project is supported by a comprehensive infrastructure plan, including water and power supply studies indicating a demand of approximately 120 megawatts (MW) for milling and flotation, and 20 million cubic meters (Mm³) of water per annum [8][19] - A mining license application is in progress, and environmental permitting is advancing, with a comprehensive Environmental and Social Impact Assessment (ESIA) being developed [21][26] Technical Studies and Future Plans - Multiple world-class engineering consultants are involved in the PEA, which aims to demonstrate the techno-economic feasibility of Haib as a long-life, low-cost, large-scale open-pit mine [4][5] - The company plans to expedite its drilling program to enhance the mineral resource estimate and capture additional project value through an updated technical study in H1 2026 [5][32] Conclusion - Koryx Copper Inc. is positioning the Haib Copper Project as a future low-risk, high-potential copper production site, with extensive testing and studies underway to support its development [28][29]

Company Overview - Koryx Copper Inc. is a Canadian copper development company focused on the Haib Copper Project in Namibia and has a portfolio of copper exploration licenses in Zambia [2] - The Haib Copper Project is a large, advanced copper/molybdenum porphyry deposit with a long history of exploration and development by multiple operators [2] Project Details - The Haib project has a current mineral resource of 414 million tonnes (Mt) at 0.35% copper (Cu) for 1,459 million tonnes of contained copper in the Indicated category, and 345 Mt at 0.33% Cu for 1,136 million tonnes of contained copper in the Inferred category [3] - The mineralization at Haib is typical of a porphyry copper deposit, characterized by dominant chalcopyrite with minor bornite and chalcocite [4] Future Prospects - Additional studies are being conducted to demonstrate Haib as a future long-life, low-cost, low-risk open pit, sulphide flotation copper project, with potential for additional copper production from heap leaching [3] - Further details regarding the Haib Copper Project can be found in the "NI 43-101 Technical Report – August 2024 Mineral Resource Estimate for the Haib Copper Project, Namibia" [5]

Core Insights - Koryx Copper Inc. announced positive assay results from 12 drill holes totaling 3,603 meters as part of the Phase 2 drill program for the Haib Copper Project in Namibia, indicating the project's potential for copper production through conventional methods and heap leaching [2][3][30] Group 1: Drill Program and Results - The company has completed 29 out of a planned 37 drill holes in Phase 2, totaling 8,647 meters of diamond drilling [4] - Significant results include high copper grades in several drill holes, such as HM62 with 572 meters at 0.33% Cu and HM51 with 112 meters at 0.32% Cu [4][21] - The drilling program is expected to accelerate with the arrival of additional drill rigs in the coming weeks, enhancing the drilling rate for the second half of 2025 [3][4] Group 2: Geological and Technical Developments - Ongoing work includes the development of an updated geological model to improve mineral resource estimation, which will incorporate new insights from recent drilling [4][20] - The company is making progress on metallurgical testwork and ancillary studies related to infrastructure, environmental considerations, and permitting [3][4] - A revised geological model is being developed to enhance the identification of higher-grade areas and improve overall resource estimates [20] Group 3: Future Plans and Objectives - The company aims to complete 28,000 meters of drilling by the end of 2025, with the final Phase 4 infill drilling program scheduled to begin in Q2 2026 [17] - Key objectives include targeting higher-grade areas, performing multi-element assays for byproducts, and improving geological modeling [18][19] - The Haib project is positioned as a potential long-life, low-cost copper project with additional copper production possibilities from heap leaching [30][31]

Core Insights - Koryx Copper Inc. has announced positive assay results from 12 drill holes as part of its Phase 2 drill program for the Haib Copper Project in Namibia, indicating the project's potential for copper production through conventional methods and heap leaching [2][3][30] Drill Program Progress - The company has completed 29 out of a planned 37 drill holes, totaling 8,647 meters of diamond drilling [4] - Drill results show higher copper grades than the average mineral resource estimate (MRE), with significant intercepts such as 572 meters at 0.33% Cu [4] - Additional drill rigs are expected to arrive soon, which will enhance the drilling rate in the second half of 2025 [3][4] Mineralization Insights - The results indicate a continuous nature of copper mineralization, with several drill holes intersecting grades above the existing resource model [10][11] - Target 2 shows the best mineralization for molybdenum, with multiple high-grade zones extending to the surface [12] - The mineralization in Target 3 extends further south towards Target 4 than previously modeled, indicating potential for increased resource estimates [11] Geological Modeling and Resource Estimation - An updated geological model is being developed to improve mineral resource estimation, incorporating new insights from recent drilling [20] - The company aims to enhance geological domaining and produce a more accurate mineral resource estimate for the Haib project [20] Future Plans - The Phase 2 program is expected to be completed by mid-2025, with the Phase 3 program projected to finish by the end of Q1 2026 [17] - The company plans to drill a total of 28,000 meters by the end of 2025, focusing on higher-grade areas and multi-element assays for byproducts [18][19]