Koryx Copper Inc V.KRY

Alternate Symbol(s): KRYXF

Metals & Mining Copper

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

Koryx Copper Inc

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Post by Yepnewpapyon Mar 02, 2022 12:06pm

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Post# 34475329

New PR

https://www.stockwatch.com/News/Item/Z-C!DSM-3215836/C/DSM

Deep-South notes Ministry of Mines misses deadline
2022-03-02 11:48 ET - News Release
An anonymous director reports
MINISTRY OF MINES AND ENERGY OF NAMIBIA HAS FAILED FILING ITS DEFENSE ON FEBRUARY 14, 2022
Deep-South Resources Inc. notes that the legal counsel of the Ministry of Mines and Energy of Namibia has failed to file its defence affidavit as ordered by the High Court of Namibia on Nov. 25, 2021. The Ministry's counsels stated that they have discovered new documents, which are not part of the record of proceedings. The Ministry's counsel has requested an extension to file those documents. The legal counsel has filed a joint status report with the court on February 28, 2022. Deep South's legal counsel recorded in this status report that the Ministry's counsel previously indicated that a complete record had been filed. Since the beginning of the procedures, the Ministry has failed providing any evidence supporting the decision of the Minister to not renew the Haib Copper licence EPL 3140.
Deep-South's legal counsel vigorously oppose the extension request and requested that the judge ensure a just and speedy determination of the case.
The Court will hold another hearing on March 3, 2022. The latest request of the Ministry will be considered at that hearing.
The Company will provide regular updates in this regard and any other matter concerning this situation.
About Deep-South Resources Inc
Deep-South Resources is a mineral exploration and development company Deep-South growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable countries. In using and assessing environmentally friendly technologies in the development of its copper project, Deep-South embraces the green revolution.
We seek Safe Harbor.
© 2022 Canjex Publishing Ltd. All rights reserved.

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