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The latest update is out from Koryx Copper ( (TSE:KRY) ).
Koryx Copper Inc. has announced positive drill results from its Haib Copper Project in Namibia, with assays from nine drill holes showing consistent copper grades and localized higher-grade zones. The results support the project’s strong fundamentals and offer opportunities for enhanced mine scheduling. The company is advancing its drilling programs with 12 rigs on site, focusing on resource conversion and geotechnical drilling for a pre-feasibility study. An updated mineral resource estimate is expected, which will include gold and molybdenum by-product credits.
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, primarily focused on the exploration and development of copper projects. Its flagship project is the Haib Copper Project in southern Namibia, which is an advanced-stage, open pit porphyry copper, molybdenum, and gold project. The company aims to produce copper concentrate through conventional methods and has potential for additional copper production via heap leaching.
Average Trading Volume: 134,722
Technical Sentiment Signal: Buy
Current Market Cap: C$190.9M
For a thorough assessment of KRY stock, go to TipRanks’ Stock Analysis page.