HomeAfricaNamibiaKoryx Copper Increases Haib...

Koryx Copper Increases Haib Project Mineral Resource to 3.5 Million Tonnes

By Africazine

Koryx Copper S.A. has significantly boosted its mineral resource at the Haib Copper Project in Namibia.

The total contained copper has risen to 3.5 million tonnes, up from 2.6 million tonnes, thanks to improved grades and operating parameters. The updated Mineral Resource Estimate, effective 16 March 2026, shows the high-grade portion’s copper equivalent grade increasing to 0.40% from 0.34%.

Haib Copper Project Resource Update

The Haib Copper Project is a large-scale open-pit sulphide copper deposit located in southern Namibia. The project now boasts an average production rate of 92,000 tonnes per annum over an initial mine life of 24 years. Koryx Copper’s President and CEO, Heye Daun, highlighted the importance of the updated resource, which reflects both improved grades and a reclassification of previously treated waste material.

The revised model has also reduced the expected stripping ratio from 1.74 times to 0.92 times, enhancing the project’s mining profile. This improvement is attributed to updated geological interpretation and new drilling results, which have contributed to the overall increase in the copper equivalent grade.

Key Figures on Haib Copper Project

  • 3.5 million tonnes of total contained copper
  • 0.40% copper equivalent grade
  • Initial mine life of 24 years
  • Average production rate of 92,000 tonnes per annum
  • 14 drill rigs planned for deployment
  • 50,000 metres of additional infill and growth drilling
  • Expected life-of-mine increase to more than 35 years

Future Plans for Haib Project

Koryx Copper plans to deploy 14 drill rigs to complete approximately 50,000 metres of additional drilling before mid-2026. The results from this drilling will inform a further resource update and a planned pre-feasibility study. The company anticipates that ongoing improvements in grade, stripping ratio, and processing will be reflected in updated project economics.

Next Steps for Koryx Copper

  • Complete 50,000 metres of drilling by mid-2026
  • Incorporate drilling results into another Mineral Resource Estimate update
  • Conduct a pre-feasibility study scheduled for Q4 2026

The Haib Copper Project is set for significant growth, enhancing Namibia’s mining landscape.

Koryx Copper Increases Haib Project Mineral Resource to 3.5 Million Tonnes

- A word from our sponsors -

Most Popular

Previous article
Jazeera Airways Launches New International Routes from Al-Qaisumah Airport
Next article
Political Reconciliation Between Zamfara Leaders Could Reshape Regional Dynamics

More from Author

Gambia

Gambian Honorary Consul Receives Pushkin Medal from Russian President

Momodou Lamin Manga, the Honorary Consul of Russia in The Gambia, received the Pushkin Medal from President Vladimir Putin for his contributions to culture and strengthening ties between The Gambia and Russia during a ceremony at the Kremlin on the Day of National Unity.
Africazine -
Kenya

Equity Group Reports Significant Profit Increase Amid Rising Greenhouse Gas Emissions

Equity Group Holdings PLC reported a profit after tax of KSh75.5bn, a 55 per cent increase, alongside a 19 per cent rise in greenhouse gas emissions to 39,605 tonnes CO2e in 2025, attributed to business expansion and improved data capture.
Africazine -
Gabon

Gabon Pursues Partnerships with China in Robotics and Artificial Intelligence

Gabon is seeking partnerships with China to advance its robotics and artificial intelligence sectors, focusing on healthcare, public services, and security. President Brice Clotaire Oligui Nguema's visit to Shanghai emphasized technology transfer and training as Gabon develops its national AI strategy.
Africazine -
Malawi

Malawi Introduces New Regulations for Solar Energy Grid Integration

Malawi has introduced regulations allowing households and businesses to sell excess solar electricity to the national grid, aiming to enhance electricity supply and stimulate private sector investment. Currently, nine of the 34 pilot phase prosumers are contributing solar power to the grid.
Africazine -

- A word from our sponsors -

spot_img

Read Now

Gambian Honorary Consul Receives Pushkin Medal from Russian President

Momodou Lamin Manga, the Honorary Consul of Russia in The Gambia, received the Pushkin Medal from President Vladimir Putin for his contributions to culture and strengthening ties between The Gambia and Russia during a ceremony at the Kremlin on the Day of National Unity.

Equity Group Reports Significant Profit Increase Amid Rising Greenhouse Gas Emissions

Equity Group Holdings PLC reported a profit after tax of KSh75.5bn, a 55 per cent increase, alongside a 19 per cent rise in greenhouse gas emissions to 39,605 tonnes CO2e in 2025, attributed to business expansion and improved data capture.

Gabon Pursues Partnerships with China in Robotics and Artificial Intelligence

Gabon is seeking partnerships with China to advance its robotics and artificial intelligence sectors, focusing on healthcare, public services, and security. President Brice Clotaire Oligui Nguema's visit to Shanghai emphasized technology transfer and training as Gabon develops its national AI strategy.

Malawi Introduces New Regulations for Solar Energy Grid Integration

Malawi has introduced regulations allowing households and businesses to sell excess solar electricity to the national grid, aiming to enhance electricity supply and stimulate private sector investment. Currently, nine of the 34 pilot phase prosumers are contributing solar power to the grid.

Ghana Pursues Increased Chinese Investment in Mineral Processing and Technology

Ghana is pursuing increased Chinese investment in mineral processing and exploration to enhance local value from its resources, with discussions led by Deputy Minister Sulemana Yusif focusing on collaboration and technical expertise to boost economic growth and job creation.

Demand for Rental Homes in Accra Keeps Asking Rents Elevated

A four-bedroom house for rent in Tesano at USD 1,200 a month reflects strong demand in Accra's residential market, where premium pricing persists for larger homes despite economic fluctuations. The rental sector remains resilient, with potential inventory increases influencing future pricing strategies.

Hurghada Targets Chinese Tourists to Boost Red Sea Tourism Growth

Egypt is promoting Hurghada to Chinese travel buyers to diversify its tourism market, aiming to attract more visitors known for higher spending power. The initiative, led by Deputy Governor Magda Hanna, was highlighted at the International Silk Road Conference from Nov. 2-5.

Ghana’s Agricultural Education Transforms with Focus on Innovation and Entrepreneurship

The CB-VET Ghana Project has transformed agricultural education by training over 500 students in entrepreneurship and practical skills, leading to the development of market-ready agribusiness products and strengthening ties between vocational training institutions and industry stakeholders.

Ghana Reaches Agreement with IMF on Economic Reform Review

Ghana has reached a staff-level agreement with the IMF on the first review of its 36-month Policy Coordination Instrument, following a visit from an IMF team that assessed the country's economic resilience, with real GDP growth of 6.2 percent in the first half of 2026.

Ghana’s Finance Minister Advocates for Improved Household Financial Security

Ghana's Finance Minister Dr. Cassiel Ato Forson emphasized the importance of household financial security during a meeting with Queen Máxima, advocating for greater control over personal finances and stronger family security as part of the country's economic progress initiatives.

Egypt’s Pavilion Wins Awards for Stand Design and Activation at WTM London

Egypt's pavilion at the World Travel Market London 2026 won two awards for Best Stand Design and Best Stand Activation, featuring 110 tourism companies and highlighting the country's rich history and diverse experiences for visitors.

Manufacturers Advocate for Low-Carbon Cement Adoption in Construction Sector

Local cement manufacturers in Kenya are advocating for low-carbon cement to promote sustainable building practices, highlighted during the Kenya Industrialisation Summit 2026. Bamburi Cement launched DuraCem, which emits 64% less CO₂ than ordinary cement, aiming to enhance production capabilities and support national infrastructure projects.