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Koryx Copper Inc V.KRY

Alternate Symbol(s):  KRYXF

Koryx Copper Inc. is a Canadian copper development company focused on advancing the 100% owned, PEA-stage Haib Copper Project in Namibia whilst also building a portfolio of copper exploration licenses in Zambia. Haib is a large and advanced copper/molybdenum porphyry deposit in southern Namibia. The Haib Copper project, Exploration and Prospecting License 3140, is held by Haib Minerals (PTY) Ltd, a Namibian corporation fully held by the Company. It holds the option to acquire up to 80% of three large scale exploration licenses in the copper belt in Zambia. The licenses include Luanshya West project (LEL 23247), Chililabombwe project (LEL 23247), and Mpongwe project (LEL 23248). The licenses cover about 752 square kilometers in the Central African Copper belt. LEL 23247 is situated in the center of the Zambian Copper belt, which forms part of the Central African Copper belt. The three licenses sits on the same side of the Copperbelt, which hosts nine large copper mines.


TSXV:KRY - Post by User

Comment by Copperking102on Oct 19, 2021 8:44pm
107 Views
Post# 34025190

RE:Ministry of Mines

RE:Ministry of Mines
Tslayer wrote: So if the Ministry of mines missed the last 2 deadlines and failed to file any paperwork, would this not make the review that Deep South has to sumit on the 21st fairly straight forward? I doubt its going to be this simple but hopefully it may speed up the process. Copper prices seem to be gaininh momentum and I bet both parties are aware of this fact. There is money to be made....

So I think the 10th was the day the ministry had to file their paperwork with the court, which would then allow DSM up to the 21st to review and counter file. Then, on the 28th the court seeing the basis from both parties in front of them, would decide on how they want to go forward. If indeed there is no defense of their decision by the ministry, I find it hard to believe the court would then support the decision to deny the permit. Could be part of the face-saving process the ministry is looking to employ. We did our job....blame the court!! Bureaucrats!!!
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