# Koryx Copper Corp. (TSXV:KRY)

> Koryx Copper is focused on developing the Haib Cu-Mo-Au Project in Namibia, aiming to establish it as a major open-pit copper project.

## About

Koryx Copper is focused on developing the Haib Cu-Mo-Au Project in Namibia, aiming to establish it as a major open-pit copper project. The company emphasizes responsible mining practices, transparency, and creating lasting value for stakeholders, while prioritizing economic upliftment and community engagement.

## Key facts

- **Cash position:** C$70.0M
- **Shares outstanding:** 120000000
- **Fully diluted shares:** 132700000
- **Warrants:** 4590000
- **Options:** 575000
- **Mineral resource:** The Haib Copper Project contains a substantial mineral resource with hundreds of millions of tonnes of copper mineralisation, and ongoing drilling and technical studies are focused on expanding and upgrading the resource while optimising the project’s development plan. Recent economic studies highlight the project’s potential to become a large, long-life open-pit copper operation with a projected multi-decade mine life and significant annual copper production, positioning Haib as one of the most significant emerging copper development projects in southern Africa.
- **Projects:** ["Haib Cu-Mo-Au Project: The Haib Cu Project is one of Africa’s largest porphyry copper systems. Its geology is straightforward, with simple metallurgy and strong potential for a low-cost, long-life development. This foundation gives Haib a clear path toward continued growth and technical de-risking. The Haib Copper Project is our flagship asset and one of the most advanced undeveloped copper projects in Namibia. Located in the //Karas Region of southern Namibia, near the border with South Africa and close to existing infrastructure, Haib hosts a large copper-molybdenum porphyry deposit with a long history of exploration by major mining companies including Rio Tinto, Falconbridge, and Teck. The project contains a substantial mineral resource with hundreds of millions of tonnes of copper mineralisation, and ongoing drilling and technical studies are focused on expanding and upgrading the resource while optimising the project’s development plan. Recent economic studies highlight the project’s potential to become a large, long-life open-pit copper operation with a projected multi-decade mine life and significant annual copper production, positioning Haib as one of the most significant emerging copper development projects in southern Africa. As global demand for copper continues to grow due to electrification and energy transition trends, we are advancing Haib through ongoing exploration, engineering studies, and project optimisation – unlocking the full scale and long-term value of this world-class copper system.","Zambia Exploration: Koryx Copper holds the option to acquire up to 80% of two large-scale exploration licences in the Zambian Copperbelt, which makes up part of the larger Central African Copperbelt (CACB), extending north into the Democratic Republic of Congo. The CACB is the world’s largest sedimentary rock hosted stratiform copper province and includes at least 14 giant deposits. The licences cover approximately 745 km2 in the heart of the Zambian Copperbelt, close to the western margin of the Kafue Anticline which hosts numerous significant copper deposits, including Nchanga (> 700 Mt @ ~2.5% Cu). Zambia offers excellent infrastructure and the licences are well located near the regional towns of Kitwe and Mpongwe. Zambia has a long tradition of mining, is a mining-friendly jurisdiction and is very supportive. The President of Zambia recently stated that he will take measures to support the industry to grow the copper production from 800,000 tonnes per year to 3 million tonnes by 2031. Zambia’s mining and exploration industry is very active with major, mid-tier and junior companies present, including Barrick, First Quantum, Rio Tinto, KoBold, Vedanta and Sino Metals.","Luanshya West project (LEL 23246): The large exploration licence is situated centrally on the western margin of the Zambian Copperbelt and covers 5,423.26 hectares (54 km2). The project is located on the southeastern margin of the area known as the Chambishi or Kakontwe sub-basin where Lower and Upper Roan Subgroup rocks onlap onto the basement dome of the Kafue Anticline. Mineralisation continues to the northeast along the same geological trend, including known deposits at Chibuluma and Chifupu. The Lower Roan rocks host most of the mineralisation in the area around the Chambishi basin and specifically within the footwall arenites. There is also potential for additional mineral discoveries within the licence area, particularly where the Mwashya and Nguba rock formations meet. The project area is close to established copper mines with Chibuluma mine about 35 km to the north-east, Chambishi mine 40 km north-northeast, Nchanga mine 55 km north-northwest and Luanshya mine some 40 km east-southeast from the centre of the project area. Koryx Copper has completed regional airborne magnetic and satellite imagery data interpretations, geochemical soil sampling and selected induced polarisation (IP) and resistivity surveys. This work has highlighted a number of coincident copper (> 150ppm) +/- cobalt (> 75ppm) in soil and chargeability anomalies in favourable stratigraphic and structural settings. The use of Cu/Sc ratios also allows the discrimination between copper anomalism associated with the meta-sedimentary host rocks and intrusive (Mwashya) gabbroic sills. The 2025 field programs identified further Cu ± Co soil geochemistry anomalies, better constrained existing anomalies and allowed a more robust ranking of the geochemistry anomalies based on reconnaissance mapping, selected pitting and improved geophysical data coverage and structural interpretation. A drone-mounted airborne magnetic survey was carried out in mid-2025. The survey was flown at 50m line spacing and aimed to improve on existing historical geophysics data available for the area. The detailed magnetic data has allowed improved lithological and structural interpretations and prioritisation of targets for further work. Follow-up and in-fill soil sampling and analyses of approximately 1,000 samples confirmed existing anomalism, extended previously identified surface geochemical anomalies and added new anomalies and targets. In addition to the soil sampling, test pits of 1 m to 2.3 m depth were dug on selected targets to assess regolith and the nature of the soil anomalism obtained at surface. Priority targets which are currently planned for drill testing in 2026 include LWT1, LWT11, LWT3, LWT4, and LWT6.","Mpongwe project (LEL 23248): The large exploration licence is situated to the southwest of the main Zambian Copperbelt and covers 67,500 hectares (675 km2). The project overlies the southern half of one of the lesser-known basement domes, the Mpongwe or Kabuche Dome, situated to the southwest of the Kafue Anticline and about 80 km southwest of the Luanshya mine. We have taken initial satellite imagery and regional magnetic data interpretations and identified an extensive historical exploration database, which is being compiled and interpreted. Our preliminary interpretations and reviews of the available historical exploration data suggest that the geology of the area is more complex than the published countrywide geological map suggests. We believe this is an opportunity to apply new models and methods to the exploration of the area, which has only had a limited amount of drilling carried out in the past. During 2025, we compiled and interpreted historical geophysical and limited geochemical data, and re-logged available historical drill core, including representative magnetic susceptibility measurements and portable XRF analyses. The re-logging of the core suggests the rocks are part of the upper parts of the Roan Group (e.g. Mwashya or Upper Roan Subgroups). This agrees with our interpretation of the historical geophysical data, that the licence area does not contain a significant basement (pre-Katangan) dome (as indicated on the regional published geological maps), unless buried below folded and thrusted Roan Group sedimentary rocks. Reconnaissance mapping and regional soil sampling commenced in August 2025 and expanded to include first pass regional soil sampling over most of the licence area. A total of approximately 5,000 soil samples was collected, and final results are currently being interpreted. Interpretation of results will be concluded prior to the end of the wet season with the expectation of commencing a follow-up work program in Q2 2026. If possible, initial drilling will be carried out as part of the planned drill program at Luanshya West."]
- **Leadership:** Heye Daun (President & CEO, Successful mining entrepreneur with significant shareholder value creation in Namibia and Ecuador. Former mining engineer with Rio Tinto, AngloGold Ashanti, and Gold Fields. Driving the development of Haib Cu Project since 2024.), Tony da Silva (CFO, Experienced finance professional in private and public companies, former CFO of Osino Resources Corp.), Lionel Coetzee (Country Manager, Mining professional with 24 years’ experience in operations, mineral processing, and project development. Holds a B. Tech Extractive Metallurgy and a Global MBA.), Simson Kupindi (Operations Geology Manager, Over 15 years’ experience in supervisory and management roles, holds a BSc (Honours) in Geology.), Charles Creasy (VP Project Development, Former Randgold exploration geologist with over 24 years’ experience in greenfields exploration and project development.), Jon Andrew (VP Exploration, Professional geologist with over 30 years’ experience in exploration and mining geology in Africa and the Middle East.), Robert Zipplies (VP Sustainability/Responsible Mining, Sustainability specialist with over 20 years’ experience in social and environmental performance standards.), Steve Burks (Senior Metallurgical Study Consultant, Mineral processing specialist with over 40 years of experience in process plant and mining.), Tulina Ndevaetela (Project Geologist, MSc in Geology with over six years’ experience in mineral exploration and mining operations.), Albertina Mwandingi (Project Geologist, Geologist with over six years’ experience in gold, lithium, uranium & copper exploration.), Russell Cranswick (Regional Geology Manager, Geologist with over 11 years’ experience in mining and mineral exploration, holds a BSc (Hons) and MSc in Economic Geology.)

_Verified data last updated: 2026-05-15_

## Recent filings

- 2026-05-15 — press_release — [kry_2026-05-15_10-37-02.pdf](https://chat.orbiton.app/kryxf/preview/51044?documentId=51044)
- 2026-05-15 — press_release — [kry_2026-05-15_10-33-30.pdf](https://chat.orbiton.app/kryxf/preview/51042?documentId=51042)
- 2026-05-15 — press_release — [kry_2026-05-15_10-32-00.pdf](https://chat.orbiton.app/kryxf/preview/51043?documentId=51043)
- 2026-05-08 — press_release — [kry_2026-05-08_15-35-20.pdf](https://chat.orbiton.app/kryxf/preview/50221?documentId=50221)
- 2026-05-08 — other — [kry_2026-05-08_10-03-48.pdf](https://chat.orbiton.app/kryxf/preview/50222?documentId=50222)
- 2026-05-08 — other — [kry_2026-05-08_10-01-16.pdf](https://chat.orbiton.app/kryxf/preview/50223?documentId=50223)
- 2026-05-08 — other — [kry_2026-05-08_10-00-45.pdf](https://chat.orbiton.app/kryxf/preview/50224?documentId=50224)
- 2026-04-30 — press_release — [kry_2026-04-30_10-17-54.pdf](https://chat.orbiton.app/kryxf/preview/50225?documentId=50225)

## Investor FAQ

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### [Projects overview?](https://chat.orbiton.app/kryxf/faq/projects-overview)

Koryx Copper is focused on the Haib Cu-Mo-Au Project in Namibia, which is one of Africa’s largest porphyry copper systems, aiming for a low-cost, long-life open-pit operation. The company also holds exploration licenses in Zambia, including the Luanshya West and Mpongwe projects, which are strategically located in the Zambian Copperbelt and have significant potential for mineral discoveries.

## Live AI chat

- https://chat.orbiton.app/kryxf/chat
- Investor website: https://koryxcopper.com/