Geomechanics.io

  • Free Tools
Sign UpLog In

    Geomechanics.io

    Geomechanics, Streamlined.

    © 2026 Geomechanics.io. All rights reserved.

    Geomechanics.io

    CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

    Industries

    MiningConstructionTunnelling

    Company

    Terms of UsePrivacy PolicyLinkedIn
    Projects

    Koryx Copper Namibia assays: resource, scale and PFS takeaways for mine planners

    July 1, 2026|

    Reviewed by Tom Sullivan

    Koryx Copper Namibia assays: resource, scale and PFS takeaways for mine planners

    First reported on MINING.com

    30 Second Briefing

    Koryx Copper’s latest 15-hole, 5,351-metre infill campaign at the Haib porphyry in southern Namibia returned long, near-surface sulphide intercepts including 584 metres at 0.3% Cu with 42 ppm Mo (HM138) and 714 metres at 0.26% Cu with 101 ppm Mo (HM153), supporting resource conversion ahead of a late-2026 prefeasibility study. The March resource stands at 744 million measured and indicated tonnes at 0.28% Cu plus 579 million inferred tonnes at 0.24% Cu, with plans for a large open-pit, sulphide flotation concentrator and oxide heap leach. BMO and Red Cloud both rate the stock outperform/buy with C$6 and C$5 targets respectively, citing potential >100,000 t/y Cu-equivalent output, existing Orange River water access and a C$66 million cash position.

    Technical Brief

    • Infill drilling comprised 15 holes totalling 5,351 m, focused on upgrading inferred to indicated resources.
    • Hole HM149 intersected 428 m from surface grading 0.31% Cu, 56 ppm Mo, 0.027 g/t Au.
    • Reverse-circulation hole HMRC001 returned 243 m at 0.35% Cu, 98 ppm Mo, 0.02 g/t Au.
    • Haib is located ~700 km south of Windhoek, close to the Orange River for process-water supply.
    • March resource includes 63 ppm Mo and 0.02 g/t Au in 744 Mt measured and indicated material.
    • Inferred inventory averages 66 ppm Mo and 0.02 g/t Au over 579 Mt, supporting by-product molybdenum potential.
    • Development concept is a conventional large-scale open pit with sulphide flotation and separate oxide heap leach.
    • Management previously discovered and sold Namibia’s Twin Hills gold project for C$368 million in 2024.

    Our Take

    Haib’s large-tonnage, sub-0.3% copper grades place Koryx Copper in the same low-grade, scale-driven cohort as several other Africa-tagged copper projects in our database, meaning project viability will hinge heavily on power, acid and logistics costs rather than headline grade alone.

    With about C$66 million in cash against a C$411 million market capitalisation, Koryx is better funded at this stage than many early-stage copper names in our coverage, which could allow it to keep drilling at Haib through late this year without the kind of dilutive equity raises seen in other 2026 copper project stories.

    The reference to Osino Mining’s C$368 million sale to Shanjin International Gold in Namibia signals that international buyers are prepared to transact on sizeable gold and copper assets in the country, which may support a strategic premium for advanced projects like Haib if Koryx eventually runs a sale or JV process.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    Veyex nylon rollers at Gudai-Darri: reliability and load lessons for mine engineers
    Mining
    about 13 hours ago

    Veyex nylon rollers at Gudai-Darri: reliability and load lessons for mine engineers

    Veyex has trialled heavy-duty nylon conveyor rollers at Rio Tinto’s Gudai-Darri iron ore mine in Western Australia, where previous high-density polyethylene (HDPE) rollers were failing prematurely under high-tension loads. The case study covered two specific conveyor applications, with the nylon rollers subjected to extreme belt tensions and impact loading typical of large-scale iron ore handling. Results showed markedly improved roller durability and reduced maintenance interventions, signalling potential lifecycle and reliability gains for high-load overland and plant conveyors in similar hard rock operations.

    Suncor Cat AHS at Mildred Lake and Komatsu Mud Mode: integration notes for mine planners
    Mining
    1 day ago

    Suncor Cat AHS at Mildred Lake and Komatsu Mud Mode: integration notes for mine planners

    Suncor has commissioned its first Autonomous Operating Zone at Syncrude’s Mildred Lake oil sands mine, extending its autonomous haulage system deployment beyond the existing fleet of about 140 autonomous trucks already running at other Suncor sites. The new zone uses Cat AHS fleets under Suncor control (since late 2021) and is complemented by Komatsu AHS trucks at Base Plant operating with a dedicated “Mud Mode” to maintain traction and control in soft ground. For mine planners, this signals wider-scale AHS integration across multiple pits and variable ground conditions.

    Central Nevada Gold’s Mule Canyon acquisition: project and risk lens for engineers
    Mining
    3 days ago

    Central Nevada Gold’s Mule Canyon acquisition: project and risk lens for engineers

    Central Nevada Gold has completed a US$20 million acquisition of Newmont’s past‑producing Mule Canyon mine in Nevada, targeting a prefeasibility study and key permits in H2 2027 ahead of a potential 2028 construction decision. Mule Canyon previously produced about 500,000 oz gold at an average head grade of 3.8 g/t with ~94% metallurgical recovery, and comes with a database of 2,149 drill holes totalling over 335,000 metres across six mineralised zones over 2.5 km. The company plans an IPO as early as 2027 after a 20‑hole metallurgical and infill drilling programme to upgrade inferred resources and de‑risk the project.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.

    AllGeotechnicalInfrastructureHazardsEnvironmental