# Koryx Copper Provides Project Development Update for the Haib Copper Project in Southern Namibia Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/koryx-copper-provides-project-development-update-for-the-haib-copper-project-in--91e4efdf-7f5f-4e98-b3db-61b0fddfba0f Original source: https://money.tmx.com/en/quote/KRY/news/6143636115678967/koryx-copper-provides-project-development-update-for-the-haib-copper-project-in- Publisher: tmx Original announcement: 2026-06-03T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Koryx Copper Inc. - Ticker: KRY - Exchange: TSX - Region: Namibia - Primary commodity: Copper - Secondary commodities: Molybdenum, Gold - Document categories: Metallurgy, Economic study, Permitting - Extracted: 2026-09-18 06:40:10 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Koryx Copper has provided a development update for the Haib Copper Project in Namibia, highlighting metallurgical optimizations using Coarse Particle Flotation \(CPF\) and material sorting. These enhancements are expected to increase throughput and processing grades while simplifying the flowsheet by eliminating the sulphide heap leach circuit. The company is targeting the publication of a Pre-feasibility Study \(PFS\) by late 2026 and environmental approval in 2027. Reasoning: The announcement details significant metallurgical optimization via CPF and sorting technologies that could improve project economics, supporting the upcoming PFS. - Positive factor: Successful testing of Coarse Particle Flotation \(CPF\) and material sorting to reject waste - Positive factor: Potential for significant throughput and grade improvements in upcoming PFS - Positive factor: Elimination of sulphide heap leach circuit simplifies flowsheet and reduces capex - Positive factor: Progress in environmental permitting with specialist studies completed - Negative factor: Copper loss \(4-11%\) associated with CPF coarse tailings rejection Facts used in scoring: 3 ## Classification and evidence **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The project envisages conventional crushing, milling, and sulphide flotation. Evidence · text > envisaged to produce a Cu and Mo concentrate via large-scale open pit mining and mainly conventional crushing, milling and sulphide flotation **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: The project includes a 3Mtpa oxide/transitional heap leach circuit. Evidence · text > 3Mtpa of crushed oxide and transitional material will be processed by copper heap leaching **PFS Complete** Polarity: positive Definition: AACE Class 3 study complete. Why it applies: The company is fast-tracking towards a Pre-feasibility Study \(PFS\) publication by end of 2026. Evidence · text > Continued fast tracking towards publication of a Pre-feasibility Study \(“PFS”\) before the end of 2026. **POX/BIOX Route** Polarity: neutral Definition: Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX. Why it applies: the document describes a pox\_biox route \("pressure oxidation"\) **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: 2 distinct composites were tested ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Metallurgical Results (2) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/koryx-copper-provides-project-development-update-for-the-haib-copper-project-in--91e4efdf-7f5f-4e98-b3db-61b0fddfba0f#fact-metallurgical-facts-0) copper #### Identity - Commodity: copper - Region: namibia - Reported Region: Namibia - Ticker: KRY #### Test Work - Sample: CPF tailings \(150 to 425µm size fraction\) #### Recovery - Recovery: 89 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-03T00:00:00.000Z Reasoning: The recovery is calculated as the lower bound of the reported loss range. - Positive factor: Enables coarser grind and higher throughput - Negative factor: Significant copper loss \(up to 11%\) Evidence · text > The >150µm CPF tailings, representing approximately 25 to 30% of the mill feed, can be rejected ahead of flotation feed with approximately 4 to 11% additional loss of copper. #### Tags used in scoring **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: the release describes a byproduct credit ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/koryx-copper-provides-project-development-update-for-the-haib-copper-project-in--91e4efdf-7f5f-4e98-b3db-61b0fddfba0f#fact-metallurgical-facts-1) copper #### Identity - Commodity: copper - Region: namibia - Reported Region: Namibia - Ticker: KRY #### Test Work - Sample: transitional/oxide ore \(column leach\) #### Recovery - Recovery: 72.5 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-03T00:00:00.000Z Reasoning: Recovery is the midpoint of the reported 70-75% range. - Positive factor: Demonstrates potential for solubilising copper in transitional/oxide material Evidence · text > Three column leach tests were completed on a transitional/oxide ore sample... demonstrated the potential to solubilise 70 to 75% of copper in the sample over this period. #### Tags used in scoring **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 72.5% is below the weak band \(80%\) **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: the release describes a byproduct credit ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.