Koryx Copper Inc.

KRY · TSXV

koryxcopper

$254.6M

USD

Market cap · 2026–07 · week 29

🇨🇦 Canada, Vancouver

Country

Base Metals

Sector

Developer · Junior / Minor · Africa

Last updated 21 June 2026

Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.

Overview: Koryx Copper is a copper-focused exploration and development company operating in Namibia and Zambia, whose activities are primarily directed toward the exploration and development of its mineral assets. The company's portfolio is centered on the flagship Haib Copper Project, a large copper porphyry system in southern Namibia carrying molybdenum, gold and tungsten credits, complemented by a portfolio of copper exploration interests on the Zambian Copperbelt, including the Luanshya West Project. The business model is to advance a major, scalable copper resource toward development by upgrading resource confidence through drilling and de-risking the project through metallurgical and engineering studies, while maintaining exploration optionality across the prolific Central African Copperbelt. The company is positioned to participate in rising structural demand for copper as an electrification metal, with a large defined resource base at Haib and exposure to a world-class copper district in Zambia. The principal model-linked risks are the company's pre-production status and dependence on equity financing, execution risk in advancing Haib through pre-feasibility and beyond, jurisdictional and permitting considerations in Namibia and Zambia, and exposure to copper prices.

Strategy: Strategic direction centers on advancing the Haib Copper Project toward a development decision. A core near-term priority is a 52,000-metre drill programme that commenced in January 2026 to convert the bulk of Haib's resource from the Inferred to the Indicated category, targeted for completion by the end of July 2026, supported by an expanded fleet of diamond and RC rigs and continued pit geotechnical drilling. In parallel, the enterprise is advancing a pre-feasibility-study metallurgical test programme across multiple laboratories, covering comminution and high-pressure grinding roll testing, flotation of higher-grade sulphide material and heap-leach testing of transitional, oxide and low-grade sulphide material, alongside mine studies, geochemistry, environmental and permitting work. Growth optionality is maintained through exploration of the company's Zambian Copperbelt licences. Capital allocation is funded by equity financings completed in 2025 and 2026, which enabled mobilization of additional drill rigs to accelerate Haib's development, with project expenditure rising materially year over year.

Sustainability: The company conducts community and social investment and sustainability initiatives in its operating jurisdictions, with related in-country spend reflected in its general and administrative costs as it advances exploration and development in Namibia and on the Zambian Copperbelt. Environmental and permitting studies form part of the work programme advancing the Haib Copper Project toward development.

Structure: On November 12, 2025, the Registrar of Companies in British Columbia authorised the continuation of the company into British Columbia. The company holds its flagship Haib Copper Project in Namibia and a portfolio of Zambian copper interests, including the Luanshya West Project under Large Exploration License LEL 23247, covering 5,423.26 hectares and valid until August 28, 2027, supported by NI 43-101 technical reporting. Activities have been funded through equity financings completed in 2025 and 2026 that enabled the mobilization of additional drill rigs to accelerate the Haib programme, with exploration and evaluation costs expensed under IFRS 6.

Hedge: As a pre-revenue exploration and development company reporting in Canadian dollars, Koryx Copper maintains no commodity hedge book and is exposed to copper price movements, which will affect the economics of the Haib Copper Project and its Zambian interests. It is also exposed to foreign-exchange movements among the Canadian dollar, U.S. dollar, Namibian dollar and Zambian kwacha given U.S.-dollar-denominated copper pricing and costs incurred in southern Africa, exposures it manages operationally rather than through a derivative hedge program.

Source: Koryx Copper - MD&A - 2026

Development · 1 project

Haib Copper Project

Asset · Pre-feasibility

Namibia

Open project page

Mining

Type

Development

Status

🇳🇦 Namibia

Country

Project information

As at 28 February 2026

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Open Pit

Ore type: Sulphide

Processing route: Grinding and flotation, or CIL

Description

As at 28 February 2026

Koryx Copper's flagship large copper porphyry project in southern Namibia, carrying copper with molybdenum, gold and tungsten credits. The project hosts a NI 43-101 mineral resource (detailed in the company's amended technical reports), which the company is working to upgrade: a 52,000 m drill programme commenced in January 2026 to convert the bulk of Haib's resource from the Inferred to the Indicated category, targeted for completion by the end of July 2026, supported by a fleet of 13 diamond rigs plus an RC rig and additional rigs mobilizing through April 2026, alongside pit geotechnical drilling. A pre-feasibility-study metallurgical test programme is advancing across multiple laboratories (Maelgwyn, Eriez, SGS, Metso, Rados, Tomra, Mintek, Ceibo), including comminution/HPGR tests, flotation of sulphide material above ~0.15% Cu, and heap (column) leach tests of transitional/oxide and low-grade sulphide material. Recent drill intercepts include a 419 m hole averaging 0.33% Cu, with a 110 m near-surface zone grading 0.70% Cu. The detailed mineral resource tabulation resides in the referenced technical reports.

Mining metrics

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Exploration · 1 project

Zambian Copper Properties (Luanshya West)

Asset · Exploration

Zambia, Copperbelt, Central African Copperbelt

Open project page

Mining

Type

Exploration

Status

🇿🇲 Zambia, Copperbelt (Central African Copperbelt)

Country

Project information

As at 28 February 2026

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Open Pit

Description

As at 28 February 2026

Exploration-stage copper interests on the Zambian Copperbelt, part of the prolific Central African Copperbelt. The Luanshya West Project (Large Exploration License LEL 23247) covers 5,423.26 hectares in the centre of the Zambian Copperbelt, renewed and valid until August 28, 2027, with a NI 43-101 technical qualifying report available; its prospectivity is based on the property's position over the contact zone between basement granites and the Lower Roan Group sediments that hosts most copper-belt mines in Zambia and the Democratic Republic of Congo. The licence is one of several Zambian copper prospecting/exploration licences held by the company and advanced through regional sampling, drilling and technical studies.

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Assumptions

The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.

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How to read this tab

The tables below list unit codes most often used in the Base Metals sector for this company. MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.

What the Portfolio tab shows

The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.

Concepts in your sector — Base metals

Cu % / Zn % are the grade norm for base metals; kg/t is for very high-grade deposits. Porphyry copper is typically 0.3–1% Cu; SEDEX zinc 5–15% Zn.
C1 vs C2 vs C3 vs AISC. C1 is direct mining + processing + transport + by-product credits. C2 adds depreciation; C3 adds corporate/indirect costs. Compare like for like.
TC/RCs (treatment & refining charges) are smelter payments per dry metric tonne of concentrate — a non-trivial part of base-metal economics, not shown on the Portfolio tab.
Concentrate vs metal. Miners often sell concentrate (~25–30% Cu) and are paid for contained metal minus TC/RCs. Portfolio books contained metal on a 100% basis.

Portfolio tab — table guide

Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
Mining — one row per mining project, with columns for project name, location, status, primary commodities, production (with rating), reserves & resources (with rating), grade (with rating), costs and estimated lifetime. Multi-commodity projects emit one summary row per commodity.
Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.

Ownership / Working interest

Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.

Units, conversions & reporting standards

Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.

Assumptions

Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.