Koryx Copper Inc. has surged into the spotlight by delivering the world’s top copper drill intercept of the week (25–29 August), firmly establishing its Haib Project as one of the most compelling copper stories currently unfolding.
At Haib, assays returned 0.24% copper over 927 metres, generating a grade-by-width factor of 222.5. According to the Rock Report, this was the strongest copper intercept globally, ranking Koryx ahead of major peers.
By comparison, Arizona Sonoran Copper’s Cactus project in the US delivered 0.41% Cu over 473 metres for a grade-by-width of 193.9, while AusQuest’s Cangallo project in Peru returned 0.30% Cu across 330 metres (grade-by-width 99.0).
Other results included Strickland Metals’ Rogonza project, which logged 0.20% Cu over 309 metres (grade-by-width 61.9).
Koryx’s scale and continuity at Haib place Namibia’s oldest known porphyry copper deposit ahead of these global competitors, underlining the project’s potential as a future world-class copper mine.
The exploration success comes as Koryx closes a C$25 million (~N$343 million) equity raise, with Namibian institutional investors contributing more than 40%.
Proceeds are earmarked for drilling, metallurgical testwork, and infrastructure planning, positioning Haib for a rapid transition from exploration to development.
Metallurgical results have already shown 89% average copper recoveries, producing clean concentrates grading 20–25% Cu. The company is also assessing heap leach recoveries as part of a multi-phase processing plan.
Meanwhile, a 55,000-metre drill campaign supported by up to eight rigs is underway to expand the resource base.
The program will inform a Preliminary Economic Assessment (PEA) due in Q3 2025, which will outline Haib’s potential as a long-life, low-cost, large-scale open pit mine.
Infrastructure studies suggest the project will require 120 MW of power and 20 million cubic metres of water per year, highlighting its scale.
