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Koryx Copper ( (TSE:KRY) ) has provided an update.
Koryx Copper has announced an ambitious plan for 2025 involving a comprehensive drill and study program aimed at advancing the Haib Copper Project to the bankability stage. This C$20 million initiative includes over 55,000 meters of drilling, technical studies, and environmental assessments, with the objective of increasing the project’s mineral resource estimate and economic feasibility. By the end of 2025, Koryx aims to complete an updated Preliminary Economic Assessment and Pre-Feasibility Study, paving the way for a Definitive Feasibility Study in 2026. The company is leveraging its strong financial position, experienced leadership, and favorable conditions in Namibia to transform Haib into a top-tier, low-risk copper development project.
More about Koryx Copper
Koryx Copper Inc. is a company in the mining industry, primarily focusing on the exploration and development of copper resources. The company is currently concentrating on the Haib Copper Project, an advanced-stage, open-pit copper development project located in southern Namibia.
YTD Price Performance: 9.71%
Average Trading Volume: 5,797
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $48.11M
For an in-depth examination of KRY stock, go to TipRanks’ Stock Analysis page.
