Four of Osino management team have joined Koryx Copper where Heye Daun is now the executive chairperson.
Daun was the Osino Resources co-founder and CEO before Shanjin Gold International acquired the company.
Alan Friedman, the other Osino Resources co-founder, joined Koryx Copper when Daun moved camp.
Daun and Alan Friedman will lead the repositioning of Koryx as a thriving African copper developer with a strengthened shareholder base, improved technical credibility and better public market traction.
The four are Tony da Silva, appointed CFO; Charles Creasy, appointed Head of Project Development; Steve Burks, appointed Senior Metallurgical Study Consultant; and Jon Andrew, appointed vice president of Exploration for Namibia and Zambia.
The four are part of the team that discovered and advanced Osino’s Twin Hills gold project.
They have successfully worked together as a team for over five years and continue to assist in Osino’s ownership transition while taking up their new roles with Koryx.
Koryx Copper Inc. says the appointment of a highly experienced technical and management team to implement the fast-tracked development of the Haib Copper Project in Namibia.
Daun said after investing in Koryx Copper earlier in 2024 and being appointed to the Board of Directors as Executive Chair and Lead director earlier this month, they are fortunate to attract the skilled technical and executive management required to reposition the company as a successful Namibian copper developer with significant scale potential.
He said the team’s track record and experience, particularly in Namibia, advancing Osino’s Twin Hills Gold Project from discovery to construction, is an excellent example of our vision for Koryx Copper.
“That vision is to demonstrate the technical and economic feasibility of the Haib Copper Project as the next excellent copper development asset in Africa.
‘We plan to achieve this by financing the company, building a competent management team and then permitting and advancing the project to construction readiness in as short a timeframe as possible,” Daun said.
Haib is a large and advanced copper/molybdenum porphyry deposit in southern Namibia with a long history of exploration and project development by multiple operators.
Mineralization at Haib is typical of a porphyry copper deposit and remains intact. Porphyry copper deposits are a primary global source of copper, with the best-known examples being concentrated around the Pacific Rim, North America and South America. Haib is one of the few examples of a Paleoproterozoic porphyry copper deposit worldwide and one of only two in southern Africa (both in Namibia). Due to its age, the deposit has been subjected to multiple metamorphic and deformation events but retains many of the classic mineralization and alteration features typical of these deposits.
The mineralization is dominantly chalcopyrite, with minor bornite and chalcocite present and only minor secondary copper minerals at the surface due to the arid environment.
More than 70,000m of drilling has been conducted at Haib since the 1970’s1970s, and significant exploration programs have been led by companies such as Falconbridge (1964), Rio Tinto (1975), and Teck (2014). Teck remains a strategic and supportive shareholder. In addition to extensive drilling, metallurgical testing, geophysics and geological mapping, various mine modelling and technical studies have been completed.
