{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Koryx Copper (TSXV:KRY) - Seasoned Executives Aim to Unlock Value in Huge Namibian Copper Project","html":"","width":"100%","height":180,"duration":2145,"description":"Interview with Heye Daun, President & CEO of Koryx Copper (TSXV:KRY) Our previous interview: https://www.cruxinvestor.com/posts/koryx-copper-resources-tsxvkry-rediscovering-african-copper-giant-4522Recording date: 18th of November, 2024Koryx Copper (TSXV:KRY) presents an attractive opportunity for investors to gain exposure to the compelling long-term fundamentals of the copper market. The company's flagship Haib Copper Project in Namibia is a large, advanced-stage asset with the potential to be a globally significant producer.Haib hosts a substantial resource containing 2.5 million tons (5 billion pounds) of copper at a grade of 0.3%. Over 70,000 meters of historic drilling has been completed on the deposit by major mining companies like Rio Tinto. Recent drilling by Koryx has already delivered a 10-15% increase in the copper grade to 0.35%. Importantly, this work identified new high-grade zones that indicate potential for further grade improvements. An updated resource estimate incorporating these results is pending.The deposit is open at depth and along strike, with only about 200 meters of the total depth potential drilled to date. This provides substantial upside to grow the resource with additional step-out drilling. Koryx is planning an aggressive drill campaign for 2025 to further upgrade and expand the resource.A prior PEA on Haib contemplated an 14.5 Mtpa heap leach operation. Koryx sees potential to boost recoveries and economics by employing conventional crush-grind-flotation processing, with the lower-grade material treated using bio-leaching. An updated PEA is underway incorporating this new approach and is expected in mid-2025. While the capex will be higher, CEO Heye Daun believes the large resource base can support the higher throughput and costs.Koryx is led by an experienced team with a track record of successfully developing mining projects. Daun and the core group were responsible for the Osino gold discovery in Namibia that was recently...","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}