Koryx Copper now has a staff complement of over 50 permanent employees, including 12 geologists and four engineers, at its Haib Copper Project in Namibia.
The company also says it is working with a range of world-class technical specialists and consultants from especially South Africa, Namibia and Chile.
There are four diamond drill rigs and various earth-moving vehicles for road and drill pad preparation at the site, located approximately 30 km from the Orange River in the Karas region.
According to Koryx Copper, the metallurgical testwork program at the Haib Project has yielded encouraging preliminary results, including an average flotation recovery of 89% from a 120-150 µm grind size, producing a clean concentrate with a grade of 20-25% Cu.
The company also states that the ongoing pre-concentration and heap leach testwork has yielded encouraging initial results.
Furthermore, Koryx Copper says the preliminary economic assessment is on track for publication during Q3 2025.
The assessment aims to demonstrate the techno-economic feasibility of Haib as a conventional, long-life, low-cost, large-scale open-pit mine with a simple but large milling and flotation (M/F) process base case, producing Cu in clean concentrate, with significant additional Cu cathode production from a heap-leach (H/L) expansion scenario.
Additionally, the infill and expansion drilling is ongoing, with four rigs on-site, and an additional four rigs are being mobilised for Q3 2025.
The company says the current 55,000-metre drill program is expected to be completed by Q1 2026.
The drill programme aims to increase the size and grade of the deposit, as reflected in the mineral resource estimate update and follow-on technical study update during H1 2026.
It will also capture additional project value, including an improved mineral resource estimate and flowsheet, as well as infrastructure optimisation.
Koryx Copper CEO Heye Daun expressed pleasure with the substantial progress made in the met testwork, process flowsheet, and infrastructure development aspects of the Haib copper project over the last six months.
Daun says the results are highly encouraging and are being incorporated into the preliminary economic assessment scheduled for Q3 2025.
“We have multiple world-class engineering consultants in the final stages of completing this study. We are also expediting our drill program to produce an improved mineral resource and capture additional project value through an enhanced technical study during H1 2026,” Daun says.
He says that as they incrementally de-risk and improve the Haib copper project, their confidence continues to grow that they will turn this formerly forgotten project into Africa’s most significant yet straightforward and world-class copper mine.
