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.

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Koryx Copper Inc > We have no clue what Namibia will do

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Comment by staukeloveron Feb 11, 2023 12:16am

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Post# 35281147

RE:We have no clue what Namibia will do

There are no certainties but I am betting that they will get the license back. If they are successful, I don't believe that the relationship between DSM and Namibian Gov will be overly negatively affected. Over time relations will heal and business will resume as normal. Namibian Gov will be able to save face by blaming those at the centre of the corruption and distance themselves from those individuals.

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