{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Koryx Copper Resources (TSXV:KRY) - Rediscovering African Copper Giant","html":"","width":"100%","height":180,"duration":537,"description":"Interview with Pierre Léveillé, President & CEO of Koryx Copper Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/deep-south-resources-dsm-awaiting-license-for-copper-project-in-namibia-3181Recording date: 19 November 2023Koryx Copper Charging Ahead: Unlocking the Value in its Giant Namibian Copper ProjectAfter years of license delays, Koryx Copper (formerly Deep-South Resources) is now aggressively exploring its flagship copper project in Namibia. Recent structural mapping and initial drilling have revealed zones of exceptionally high-grade mineralization cutting through the broad lower-grade porphyry deposit. Koryx is targeting these in a new 5,000m drill campaign, results from which will feed into an updated resource model by early 2024.The current resource stands at over 1 billion tons at 0.31% copper. While low-grade, initial studies found the scale could support an economic operation using innovative lower-cost processing technologies. However, systematically delineating and incorporating the newly identified higher-grade zones opens up the potential to transform project value. Recent drilling has intersected exceptional grades up to 2.5% copper, nearly 10x the average resource grade.This next round of exploration drilling and updated resource modeling aims to substantiate the grade-enhancing potential of these structural zones as Koryx charges towards a feasibility study within 2 years. The company has the backing of several potential strategic partners and private equity groups interested in funding the development of the project once de-risked to this next stage.After years of value-suppressing uncertainty, Koryx offers investors an early entry point into a significant copper project just as critical exploration drilling kicks off. Demonstrating grade improvement could act as a major re-rating catalyst. Investors can position themselves to benefit as Koryx unlocks substantial value at this copper giant ahead of feasibility studies...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}