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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

Post by Yepnewpapyon Apr 19, 2023 3:06pm
269 Views
Post# 35403613

DSM comments and update

DSM comments and update 
Deep-South has "very constructive" meeting with Namibia
2023-04-17 10:30 ET - News Release
Mr. Pierre Leveille reports
HAIB COPPER: CONSTRUCTIVE MEETING AT THE MINISTRY OF MINES AND ENERGY OF NAMIBIA

The directors of Deep-South Resources Inc. subsidiary Haib Minerals Pty. Ltd. have met with the Minister of Mines, the Mining Commissioner and the Deputy Executive Director. The meeting was held at the Ministry of Mines and Energy of Namibia on Thursday, April 13, 2023. The meeting was very constructive.

The ministry has not appealed the High Court verdict.  Positive for DSM
As per the court verdict, the ministry has reopened the application renewal procedure for the Haib copper licence.

The parties have agreed that Haib will provide additional information that covers the work completed between January, 2021 (application date), and June, 2021. No problem to provide info on work and $$$

EPL 3140 has been reinstated in the cadastre of the ministry. The cadastre shows that the licence is valid and pending renewal. Positive for DSM
The ministry's officials have agreed that, upon reception of the documents from Haib, they will proceed promptly with the analysis of the application in order to finalize their decision in a timely fashion. This is where the risk is but the verdict did not raise any non-respect of the mining law by DSM, therefore granting of the HAIB Licence to DSM is expected.

Pierre Leveille, president and chief executive officer of Deep-South, stated: "The meeting was conducted in a very positive manner and was very constructive. We are highly confident we will now create renewed strong working relations with the ministry's officials. Further to the meeting, we are confident that the licence will be renewed in a timely manner."
About Deep-South Resources Inc.

 


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