Koryx Copper plans to drill 55,000 metres at its Haib project for 2025 to increase the size and grade of the mineral resource estimate.
The Haib project in south Namibia is an advanced-stage, long-life, low-cost, low-risk open-pit copper/molybdenum/gold project envisaged to produce a clean copper concentrate via a conventional crushing/milling/flotation metallurgical process.
The project has the potential for additional copper production via heap leaching.
Koryx Copper says the 2025 technical strategy also comprises multiple technical, environmental, and metallurgical studies.
This program will result in an updated preliminary economic assessment and pre-feasibility study to be published before the end of 2025.
The company says this fast-tracked technical strategy represents a significant step-change in the development of Haib geared towards the rapid development of the project to the bankability stage, with significant permitting and all technical studies to be concluded by the end of 2026.
Koryx Copper CEO Heye Daun says they are putting a big effort into increasing the geological horsepower and infrastructure on the ground to understand the Haib and to be able to expedite the 55,000-metre drill program.
“With the met testwork program going very well and ongoing excellent drill results, we believe that 2025 will be another transformative year for the Haib Copper Project in Namibia, as we rapidly advance the project towards economic and technical feasibility,” Daun says.
