お知らせ • Jan 23
Koryx Copper Announces Transformative 2025 Drill and Study Program, Fast-Tracking the Development of the Haib Copper Project in Southern Namibia Highlights
Koryx Copper announced Transformative 2025 Drill and Study Program, Fast-Tracking the Development of the Haib Copper Project in Southern Namibia Highlights. Large-scale, CAD 20 million technical program to be completed during 2025; Transforming Haib into a top-tier, high quality, low risk copper development project; Multi-phase, >55,000m drill program to be completed during 2025. Drilling underway with 3 drill rigs ramping up to 6 rigs and double shifting to maximize drilling rates; Phase 2 metallurgical test work underway, with results expected in first quarter 2025; Study schedule remains on track to complete PFS by the end of 2025 and complete DFS in 2026; Mining and environmental baseline studies underway for permitting to commence third quarter 2025. This 2025 technical strategy comprises an intensive drill and study program, including more than 55,000m of growth and quality improvement drilling, aiming to increase the size and grade of the Haib Mineral Resource Estimate ("MRE") as well as multiple technical, environmental and metallurgical studies. This program will result in an updated Preliminary Economic Assessment ("PEA") and Pre-Feasibility Study ("PFS") for Haib, both to be published before the end of 2025. As part of the 2025 work program, the company are planning to execute the largest drill program at Haib since its discovery, aiming to improve the grade and size of the mineral resource whilst proving the economic feasibility of a much larger conventional flotation concentrate process as well as subsequent heap leaching for the lower grade material. To achieve this, the Company is aiming to fulfil the following key objectives during 2025: Reinforcing the team and establishing the infrastructure to execute a large-scale, multi-year drilling and technical study program. The program will be completed by multiple local and international service providers and overseen by Koryx' own team of competent professionals, aiming to right-size (grow) and optimize (improve quality) Haib and to fast-track the completion of a PFS by the end of 2026, followed by the completion of a DFS and mine permitting before the end of 2026. During 2024 the Company completed a small (3,500m), but highly successful Phase 1 drill program at Haib. The program specifically targeted higher grade, more structurally controlled areas of the Haib mineralisation with inclined drilling, which are not typical for a porphyry-type of deposit, and which had been missed by Rio Tinto's prior vertical drilling. These areas were previously identified by Koryx geologists through extensive fieldwork campaigns and were successfully traced through the 2024 Phase 1 drill program. This 2024 drilling culminated in the publication of a new MRE for Haib, reflecting a 13% increase in Cu grade (from 0.31 to 0.35% Cu, refer to the press release dated September 10, 2024), and was immediately followed up with a larger Phase 2 drill program. The objectives of the Phase 2 program are as follows: Extending and further targeting the structurally controlled, higher grade mineralisation which was identified and drilled during the 2024 Phase 1 drill program; Refining the geological model wireframes and improving the resolution of waste, low grade and high grade interfaces through in-fill drilling of the current 150m x 150m drill grid. The Phase 2 drill program which commenced in November 2024 comprises 8,200m of which 3,550m was completed by the end of 2024. The complete program is due to be completed during first quarter 2025 with assay results to be reported throughout First Quarter 2025 with assay results to be reports throughout First Quarter 2025. Planning for the follow-on Phase 3 drill program (29,000m) has been completed and drilling will commence immediately after the completion of the Phase 2 program late in First Quarter 2025. This drilling is expected to be completed during Third Quarter of 2025, thereby allowing for inclusion into the planned PFS to be published at the end of 2025. This will likely also fulfil the minimum confidence level required for the follow-on DFS study to be published at the end the follow-on DFS Study study to be published at theend of 2026, although a significant quantum of additional infill and expansion drilling will likely be completed before then. Specialist baseline studies to include; Specialist baseline studies to include; Biodiversity specialist study to include; Biodiversity specialists study to include; Biod diversity specialist study to include; B Periodiversity specialist study to include; and expansion drilling will be completed before the end of 2026, although a pre-on DFS study to include; Biodiverse specialist study to include; and noise specialist study study to include; Biod university specialist study to include; and activity and noise specialist study to include; and acquisition of 2026, although a large-on DFS study to create a pre-project baseline studies to include; and noise specialist studies to include; and expansion drilling and expansion drilling will be published at the end of 2026.