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Koryx Copper ( (TSE:KRY) ) has provided an announcement.
Koryx Copper Inc. has announced the results of its Preliminary Economic Assessment (PEA) for the Haib Copper Project, highlighting a 23-year mine life with an annual production of 92,000 metric tons of copper in the first ten years. The project boasts a post-tax NPV of $1.351 billion and a 20.1% IRR, with significant potential for further improvements through ongoing drilling and metallurgical work. The project is strategically positioned in an infrastructure-rich area of Namibia, with positive public perception and ongoing environmental and social assessments. This development positions Koryx as a credible player in the copper mining sector, with implications for job creation and economic development in the region.
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. operates in the mining industry, focusing on copper production. The company is involved in the development of the Haib Copper Project in southern Namibia, which is an advanced-stage, open-pit sulphide copper and molybdenum project. Koryx aims to optimize and de-risk the project for potential investment or sale, leveraging its experience in Namibian mine development.
Average Trading Volume: 124,103
Technical Sentiment Signal: Buy
Current Market Cap: C$93.46M
Find detailed analytics on KRY stock on TipRanks’ Stock Analysis page.