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Koryx Copper (TSX: KRY) has announced updated PEA results for its 100%-owned Haib Copper Project in southern Namibia, demonstrating robust economics and significant production potential. The project shows an after-tax NPV8% of US$1.351 billion and an IRR of 20.1%.
Key highlights include 92,000 tonnes of annual payable copper production in the first 10 years, with competitive C1 costs of US$1.81/lb and AISC of US$2.05/lb. The project requires US$1.559 billion in upfront capital and features a 23-year mine life. The operation will combine a 28Mtpa conventional milling/flotation process with a 7Mtpa heap leach facility.
Located in an infrastructure-rich area of southern Namibia, the project benefits from proximity to power and water sources, with 89% average recovery from Mill/Float and 74% recovery from Heap Leach. The company expects to complete an updated MRE and technical study in H2 2026.
