Koryx Copper has reported wide new copper intercepts of up to 150 metres grading 0.45% copper equivalent, and high-grade intervals reaching 1.09% copper equivalent, from its ongoing 2026 drilling campaign at the Haib Copper Project in southern Namibia, as the company ramps up exploration with 14 drill rigs now operating on site.
The latest results come from 17 drill holes covering 5,252 metres completed as part of the company’s infill and expansion drilling programme aimed at upgrading and expanding the Haib resource ahead of updated economic studies expected later this year.
Among the strongest results reported was hole HM132, which intersected 150 metres grading 0.45% copper equivalent from 90 metres to 240 metres, including 28 metres grading 0.67% copper equivalent.
The same hole also returned 60 metres grading 0.37% copper equivalent between 510 metres and 570 metres.
Hole HM129 returned 144 metres grading 0.36% copper equivalent and 84 metres grading 0.33% copper equivalent from surface, while HM130 intersected 132 metres grading 0.41% copper equivalent from six metres downhole.
Additional results included hole HM124, which delivered 52 metres grading 0.62% copper equivalent, 16 metres grading 0.66% copper equivalent and 10 metres grading 0.55% copper equivalent.
Hole HM145 returned 38 metres grading 0.57% copper equivalent, including seven metres grading 0.91% copper equivalent.
One of the highest-grade intervals reported came from hole HM125, which intersected eight metres grading 1.09% copper equivalent within a broader 76-metre interval grading 0.40% copper equivalent.
Koryx Copper president and chief executive officer Heye Daun said the latest drilling continued to confirm the consistency and scale of mineralisation at Haib.
“These 17 drill holes demonstrate once again the highly consistent nature of the copper mineralisation with significant molybdenum and gold by-product credits and the potential to incrementally increase the average mineral resource grade,” Daun said.
The company said the latest drilling also confirmed extensions of copper mineralisation beyond existing models.
At Target Area 1, hole HM123 intersected a high-grade copper zone approximately 130 metres south of the current model boundary.
In comparison, a deeper mineralised zone was discovered more than 200 metres beyond the existing 0.25% copper-grade shell.
The drilling campaign also highlighted growing molybdenum potential across the project.
Hole HM143 intersected a shallow molybdenum zone averaging 250 parts per million over 226 metres from surface, including 18 metres grading 945 parts per million molybdenum.
Hole HM131 returned molybdenum mineralisation averaging 171 parts per million over 132 metres, including 46 metres grading 249 parts per million and another 10 metres grading 305 parts per million.
Koryx also reported tungsten mineralisation exceeding 400 parts per million in deeper sections of hole HM129. In contrast, gold mineralisation included intervals grading 0.65 grams per tonne gold in HM129 and 0.2 grams per tonne gold in HM133.
The company recently updated its mineral resource estimate for Haib, which it said demonstrated higher grades, lower stripping ratios and a large increase in contained copper.
The updated resource and revised processing flow sheet are expected to feed into a new Preliminary Economic Assessment planned before mid-2026, followed by a pre-feasibility study before year-end.
Haib is being developed as a large-scale open-pit copper-molybdenum-gold porphyry project with an envisaged average annual copper production rate of approximately 92,000 tonnes over a projected 24-year mine life.
