Koryx Copper Advances Haib Project with Promising Test Results

Koryx Copper ( (TSE:KRY) ) has provided an announcement.

Koryx Copper Inc. has announced significant progress in the development of its Haib Copper Project in southern Namibia. The company reports encouraging results from metallurgical testwork, with an average flotation recovery of 89% and a clean concentrate grade of 20-25% copper. The Preliminary Economic Assessment (PEA), set for publication in Q3 2025, aims to demonstrate the project’s feasibility as a large-scale, low-cost open-pit mine. Ongoing drilling and infrastructure development, along with water and power supply studies, are expected to enhance the project’s value and support the mining license application process. The advancements indicate a promising future for the project, potentially positioning it as a significant player in the copper mining sector in Africa.

The most recent analyst rating on (TSE:KRY) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Koryx Copper stock, see the TSE:KRY Stock Forecast page.

More about Koryx Copper

Koryx Copper Inc. is a company operating in the mining industry, focusing on the exploration and development of copper and molybdenum resources. Its primary project is the Haib Copper Project in southern Namibia, which aims to produce clean copper concentrate through conventional crushing, milling, and flotation processes, with potential additional copper production via heap leaching.

Average Trading Volume: 69,203

Technical Sentiment Signal: Hold

Current Market Cap: C$67.35M

For a thorough assessment of KRY stock, go to TipRanks’ Stock Analysis page.