Chamwe Kaira
Koryx Copper S.A. has filed a new technical report for its wholly owned Haib Copper Project in southern Namibia, including an updated mineral resource estimate for the project.
The company said the report was filed on SEDAR+ and prepared by independent consultants from The MSA Group and DRA Projects Europe.
The updated report replaces the company’s earlier Preliminary Economic Assessment released in October 2025.
Koryx Copper plans to publish a new preliminary economic assessment before the end of the second quarter of 2026.
The company also plans to complete 50 000 metres of additional drilling at the Haib project before the end of the 2026 summer season.
The drilling programme will support another mineral resource update and contribute to a prefeasibility study expected in the fourth quarter of 2026.
Koryx also approved the allocation of 2.41 million restricted share units to executives, officers, consultants and directors under its Omnibus Plan.
The share units will vest over a period of up to 24 months.
The company further announced that chief operating officer Trevor Faber will leave the company after accepting a senior project role at another mining company.
Koryx said the process to appoint a new chief operating officer has already started.
The company is focused on developing the Haib Copper Project and expanding its copper exploration activities in Zambia.
The Haib project is one of Namibia’s oldest copper exploration projects, with more than 120,000 metres of drilling completed since the 1970s by companies including Rio Tinto and Teck.
The deposit contains copper, molybdenum and gold mineralisation and is being developed as a potential long-life, low-cost open-pit copper mine.
SEDAR+ is Canada’s web-based electronic filing system used by companies and market participants to file and access information related to capital markets and securities regulation.
The system replaced SEDAR and several other filing platforms in July 2023 as part of efforts by the Canadian Securities Administrators to modernise electronic disclosure and reporting systems.
