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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 Ochterloneyon Feb 03, 2024 10:45pm
142 Views
Post# 35861595

Results of AI search...a sleeper, lots of potential

Results of AI search...a sleeper, lots of potential

From an AI search today:

The Haib Copper project, owned by Koryx Copper (formerly Deep-South Resources), is a significant undertaking in Namibia. Let’s explore its potential:

  1. Deposit Overview:

    • The Haib project boasts a substantial copper deposit with over 1 billion tonnes of ore containing approximately 0.31% copper.
    • The project is amenable to bioheap-leaching, a sustainable extraction method.
  2. Production Estimates:

    • The Preliminary Economic Assessment (PEA) envisions a 24-year mine life with an annual throughput of 20 million tonnes.
    • Estimated copper recovery stands at 80%.
    • Expected production includes 35,332 tons per year of copper cathode and 51,081 tons per year of copper sulphate.
    • The mine design relies on open-pit methods, with drill and blast operations for the hard-rock material.
  3. Environmental Considerations:

    • The project avoids tailings by rehabilitating spent heaps in place.
    • Tailings from pH adjustment and iron removal processes will be disposed onto spent heaps using filtered dry-stacked tailings.
  4. Economic Metrics:

    • The project demonstrates a pre-tax net present value (NPV) of $2.26 billion at a 7.5% discount rate.
    • Its internal rate of return (IRR) is 52.2%, with a payback period of 2.4 years.
    • Capital expenditure is estimated at $341 million.
  5. Recent Developments:

    • Koryx Copper filed an amended PEA technical report in January 2024, maintaining key components such as resources, metallurgy, mine plan, cost estimates, and environmental matters.
    • Modifications include adding a pit constraint, adjusting cutoff grade recommendations, and considering a prefeasibility study before a feasibility study.
  6. Industry Impact:

    • Given the critical role of copper in various sectors, including EV batteries and renewable energy, Koryx Copper’s large-scale deposits position it well to contribute significantly to the market.
    • The project’s potential may attract major industry players.

In summary, the Haib Copper project holds substantial promise, both economically and environmentally, making it a noteworthy player in the global copper landscape. ^(source))

 
 

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