{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Koryx Copper (TSXV:KRY) - Namibia & Zambia Developer Poised to Ride the Copper Supercycle","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/c7c2898a\"></iframe>","width":"100%","height":180,"duration":1208,"description":"Interview with Pierre Léveillé, President & CEO of Koryx Copper Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/koryx-copper-resources-tsxvkry-rediscovering-african-copper-giant-4522Recording date: 14th March 2024Koryx Copper (TSXV:KRY), a junior explorer focused on Namibia and Zambia, is steadily advancing its flagship Haib Copper Project. With a large resource already defined and a Preliminary Economic Assessment (PEA) demonstrating robust economics, Koryx offers investors an attractive opportunity to gain exposure to the compelling copper market fundamentals.The Haib Copper deposit hosts an impressive 850 million tonne resource grading 0.31% copper. The PEA, based on a $3.50/lb copper price, outlines an after-tax NPV of $1.3 billion and IRR of 36%. Koryx is now working to further enhance the project's economics through targeted drilling.By drilling angled holes to target higher-grade vertical structures, Koryx has returned numerous intercepts well above the PEA cut-off grade of 0.25% copper. Highlights include over 200m @ 0.49% Cu with 94 metres at 0.61% Cu, and 20 metres at 0.76% CuEq including 4m @ 2.37% CuEq. An updated resource estimate incorporating this drilling is expected by mid-2023, followed by a revised PEA.Koryx is taking a disciplined approach to advancing Haib Copper Project, with plans for modest drill programs funded by periodic capital raises. The company is already engaging with major miners and private equity groups interested in partnering to eventually build out the project.Exploration is also progressing at Koryx's earlier-stage projects in Zambia. The Luanshya West Project, where initial work identified numerous copper-cobalt anomalies, will see 2,000m of drilling in late 2024 to test new targets defined by a recent IP survey.Both Namibia and Zambia are well-established mining jurisdictions, and the industry's biggest players are actively seeking new copper projects in the region. Haib's large size and...","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}