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Koryx Copper ( (TSE:KRY) ) has provided an announcement.
Koryx Copper has released an updated mineral resource estimate for its Haib project in Namibia, showing higher copper-equivalent grades, major increases in low-grade tonnage and contained copper, molybdenum and gold, alongside a sharply lower stripping ratio. The revision, underpinned by expanded by-product reporting and ongoing drilling, points to a larger, more efficiently mineable resource base.
The company now reports 744 million tonnes of indicated and 579 million tonnes of inferred mineralised material above a 0.15% copper cut-off, yielding over 2.3 million tonnes of contained copper-equivalent in the indicated category and more than 1.5 million tonnes inferred. Combined with promising mineral sorting testwork that could further lift processing grades and a preliminary feasibility study targeted for late 2026, the update reinforces Haib’s potential economic robustness and strengthens Koryx’s strategic position in future copper supply.
The most recent analyst rating on (TSE:KRY) stock is a Buy with a C$5.50 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 S.A. is a base metals developer focused on the large-scale Haib copper, molybdenum and gold porphyry project in southern Namibia. The company is advancing Haib as an open-pit sulphide operation producing clean copper concentrate over a projected 24-year mine life, using conventional crushing, milling and flotation methods aimed at long-term, large-volume supply.
Average Trading Volume: 303,649
Technical Sentiment Signal: Buy
Current Market Cap: C$347.7M
Find detailed analytics on KRY stock on TipRanks’ Stock Analysis page.