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Koryx Copper ( (TSE:KRY) ) has issued an update.
Koryx Copper Inc. has announced positive assay results from 17 drill holes as part of its exploration strategy at the Haib Copper Project in Namibia. The results confirm consistent copper mineralization across the target areas, supporting the existing mineral resource estimates. The company has also enhanced its geological model, improving the understanding of copper and molybdenum distribution, with plans to update the mineral resource estimate by the end of 2025. The arrival of additional drilling rigs is expected to accelerate the exploration efforts, potentially increasing the project’s resource base and enhancing its market positioning.
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 resources. The company is primarily engaged in the Haib Copper Project in southern Namibia, which is an advanced-stage project aimed at producing copper concentrate through conventional metallurgical processes.
Average Trading Volume: 166,576
Technical Sentiment Signal: Buy
Current Market Cap: C$157.9M
For an in-depth examination of KRY stock, go to TipRanks’ Overview page.