Koryx drills nearly 1 km of copper in Namibia

Original announcement by canadianminingjournal on

Company
Koryx Copper
Ticker
KRY
Exchange
Unavailable
Region
Namibia
Primary commodity
Copper
Secondary commodities
Molybdenum, Gold, Silver
Document categories
Drill results, Resource update
Extracted
2026-09-12 01:45:45 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Koryx Copper has reported significant drill results at its Haib copper project in Namibia, highlighted by a 969m continuous intersection in hole HM167. The results, which include high-grade copper intercepts, are intended to support an upcoming mineral resource update and prefeasibility study expected by year-end 2026.

Reasoning: Significant drill intercepts including a nearly 1km continuous mineralization zone and high-grade copper intervals that support upcoming resource expansion and PFS.

Positive factors

  • Long continuous mineralization (969m)
  • High-grade intercepts (HM177)
  • Extension of mineralization beyond current model
  • Infill drilling supporting upcoming resource update

Negative factors

  • Infill drilling may locally reduce grade shells

Facts used in scoring: 15

Classification and evidence

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: HM162 encountered mineralization in previously unmodelled areas.

Evidence · text

“HM162 encountered 56 metres grading 0.35% copper in previously unmodelled mineralization”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: HM177 contains two 2m intervals above 4% copper.

Evidence · text

“including two 2-metre intervals above 4% copper”

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: CEO states infill drilling is nearing completion.

Evidence · text

“our infill drilling is nearing completion”

Extracted facts

Stored fact records: 15. Some facts used in scoring do not have a stored record.

Drill Results (9)

HM167Haib · copperGrade: 0.23Grade Unit: %Intercept: 969 mView all details
Link to this fact

Identity

Hole ID
HM167
Project
Haib
Commodity
copper
Region
namibia
Reported Region
namibia
Ticker
KRY

Geometry

Grade
0.23
Grade Unit
%
Intercept
969 m
From
0 m
To
969 m
Intercept Depth
0 m

Classification

Program
resource
Sample Type
drill
Group ID
HM167:0-969
Mining Method
open_pit

QA/QC

QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-27T00:00:00.000Z

Reasoning: Very long continuous intersection of copper mineralization.

Positive factors

  • Exceptional width

Evidence · text

“Drill hole HM167 cut 969 metres from surface grading 0.23% copper”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Koryx drills nearly 1 km of copper in Namibia - Canadian Mining Journal Treasure Hunt Digital Edition ALL FEATURED ARTIC"

HM167Haib · molybdenumGrade: 84Grade Unit: ppmIntercept: 969 mView all details
Link to this fact

Identity

Hole ID
HM167
Project
Haib
Commodity
molybdenum
Region
namibia
Reported Region
namibia
Ticker
KRY

Geometry

Grade
84
Grade Unit
ppm
Intercept
969 m
From
0 m
To
969 m
Intercept Depth
0 m

Classification

Program
resource
Sample Type
drill
Group ID
HM167:0-969
Mining Method
open_pit

QA/QC

QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-27T00:00:00.000Z

Reasoning: Molybdenum byproduct in a long copper intersection.

Evidence · text

“84 parts per million (ppm) molybdenum”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Koryx drills nearly 1 km of copper in Namibia - Canadian Mining Journal Treasure Hunt Digital Edition ALL FEATURED ARTIC"

HM167Haib · goldGrade: 0.021Grade Unit: g/tIntercept: 969 mView all details
Link to this fact

Identity

Hole ID
HM167
Project
Haib
Commodity
gold
Region
namibia
Reported Region
namibia
Ticker
KRY

Geometry

Grade
0.021
Grade Unit
g/t
Intercept
969 m
From
0 m
To
969 m
Intercept Depth
0 m

Classification

Program
resource
Sample Type
drill
Group ID
HM167:0-969
Mining Method
open_pit

QA/QC

QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-27T00:00:00.000Z

Reasoning: Trace gold in a long copper intersection.

Evidence · text

“0.021 gram gold per tonne”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Koryx drills nearly 1 km of copper in Namibia - Canadian Mining Journal Treasure Hunt Digital Edition ALL FEATURED ARTIC"

HM185Haib · copperGrade: 0.51Grade Unit: %Intercept: 236 mView all details
Link to this fact

Identity

Hole ID
HM185
Project
Haib
Commodity
copper
Region
namibia
Reported Region
namibia
Ticker
KRY

Geometry

Grade
0.51
Grade Unit
%
Intercept
236 m

Classification

Program
resource
Sample Type
drill
Group ID
HM185:null-null
Mining Method
open_pit

QA/QC

QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-27T00:00:00.000Z

Reasoning: Strong copper intercept described as one of the best by contained metal.

Positive factors

  • High grade

Evidence · text

“HM185, which returned 236 metres grading 0.51% copper”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Koryx drills nearly 1 km of copper in Namibia - Canadian Mining Journal Treasure Hunt Digital Edition ALL FEATURED ARTIC"

HM185Haib · copperGrade: 0.37Grade Unit: %Intercept: 413 mView all details
Link to this fact

Identity

Hole ID
HM185
Project
Haib
Commodity
copper
Region
namibia
Reported Region
namibia
Ticker
KRY

Geometry

Grade
0.37
Grade Unit
%
Intercept
413 m

Classification

Program
resource
Sample Type
drill
Group ID
HM185:null-null
Mining Method
open_pit

QA/QC

QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-27T00:00:00.000Z

Reasoning: Broader lower-grade interval containing the high-grade core.

Positive factors

  • Broad interval

Evidence · text

“within a broader 413-metre interval grading 0.37% copper”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Koryx drills nearly 1 km of copper in Namibia - Canadian Mining Journal Treasure Hunt Digital Edition ALL FEATURED ARTIC"

HM177Haib · copperGrade: 1.06Grade Unit: %Intercept: 30 mView all details
Link to this fact

Identity

Hole ID
HM177
Project
Haib
Commodity
copper
Region
namibia
Reported Region
namibia
Ticker
KRY

Geometry

Grade
1.06
Grade Unit
%
Intercept
30 m
From
8 m
To
38 m
Intercept Depth
8 m

Classification

Program
resource
Sample Type
drill
Group ID
HM177:8-38
Mining Method
open_pit

QA/QC

QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-27T00:00:00.000Z

Reasoning: High grade copper intercept near surface.

Positive factors

  • High grade

Evidence · text

“HM177 returned 30 metres grading 1.06% copper from 8 metres depth”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Koryx drills nearly 1 km of copper in Namibia - Canadian Mining Journal Treasure Hunt Digital Edition ALL FEATURED ARTIC"

HM177Haib · copperGrade: 4Grade Unit: %Intercept: 2 mView all details
Link to this fact

Identity

Hole ID
HM177
Project
Haib
Commodity
copper
Region
namibia
Reported Region
namibia
Ticker
KRY

Geometry

Grade
4
Grade Unit
%
Intercept
2 m

Classification

Program
resource
Sample Type
drill
Group ID
HM177:null-null
Mining Method
open_pit

QA/QC

QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-27T00:00:00.000Z

Reasoning: High grade sub-interval.

Positive factors

  • Bonanza Intercept

Evidence · text

“including two 2-metre intervals above 4% copper”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Koryx drills nearly 1 km of copper in Namibia - Canadian Mining Journal Treasure Hunt Digital Edition ALL FEATURED ARTIC"

HM162Haib · copperGrade: 0.35Grade Unit: %Intercept: 56 mView all details
Link to this fact

Identity

Hole ID
HM162
Project
Haib
Commodity
copper
Region
namibia
Reported Region
namibia
Ticker
KRY

Geometry

Grade
0.35
Grade Unit
%
Intercept
56 m

Classification

Program
resource
Sample Type
drill
Group ID
HM162:null-null
Mining Method
open_pit

QA/QC

QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-27T00:00:00.000Z

Reasoning: Intercept in previously unmodelled mineralization.

Positive factors

  • Step-Out Extension

Evidence · text

“HM162 encountered 56 metres grading 0.35% copper in previously unmodelled mineralization”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Koryx drills nearly 1 km of copper in Namibia - Canadian Mining Journal Treasure Hunt Digital Edition ALL FEATURED ARTIC"

HM185Haib · copperGrade: 1.06Grade Unit: %Intercept: 30 mView all details
Link to this fact

Identity

Hole ID
HM185
Project
Haib
Commodity
copper
Region
namibia
Reported Region
namibia
Ticker
KRY

Geometry

Grade
1.06
Grade Unit
%
Intercept
30 m
From
8 m
To
38 m

Classification

Sample Type
drill

QA/QC

QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-08-27T00:00:00.000Z

Reasoning: Strong copper intercept described as one of the best by contained metal.

Positive factors

  • High grade

Evidence · text

“30 metres grading 1.06% copper from 8 metres depth”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Koryx drills nearly 1 km of copper in Namibia - Canadian Mining Journal Treasure Hunt Digital Edition ALL FEATURED ARTIC"

Resource Estimates (6)

indicatedHaib · copperTonnes: 744000000Grade: 0.28Grade Unit: %Contained Metal: 4610000000Contained Unit: lbHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Haib
Commodity
copper
Region
namibia
Reported Region
Namibia
Ticker
KRY

Resource scope

Estimate type
resource
Resource group id
resource:0d857b10d04c366c9d15

Resource Data

Category
indicated
Tonnes
744000000
Grade
0.28
Grade Unit
%
Contained Metal
4610000000
Contained Unit
lb

Prior Estimate

Resource Date
2026-03-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-03-01T00:00:00.000Z

Dates

Event date
2026-08-27T00:00:00.000Z

Reasoning: Existing indicated resource baseline.

Evidence · text

“Haib has 744 million indicated tonnes grading 0.28% copper”

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedHaib · molybdenumTonnes: 744000000Grade: 63Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Haib
Commodity
molybdenum
Region
namibia
Reported Region
Namibia
Ticker
KRY

Resource scope

Estimate type
resource
Resource group id
resource:0d857b10d04c366c9d15

Resource Data

Category
indicated
Tonnes
744000000
Grade
63
Grade Unit
ppm

Prior Estimate

Resource Date
2026-03-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-03-01T00:00:00.000Z

Dates

Event date
2026-08-27T00:00:00.000Z

Reasoning: Byproduct molybdenum in indicated resource.

Evidence · text

“63 ppm molybdenum”

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedHaib · goldTonnes: 744000000Grade: 0.02Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Haib
Commodity
gold
Region
namibia
Reported Region
Namibia
Ticker
KRY

Resource scope

Estimate type
resource
Resource group id
resource:0d857b10d04c366c9d15

Resource Data

Category
indicated
Tonnes
744000000
Grade
0.02
Grade Unit
g/t

Prior Estimate

Resource Date
2026-03-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-03-01T00:00:00.000Z

Dates

Event date
2026-08-27T00:00:00.000Z

Reasoning: Byproduct gold in indicated resource.

Evidence · text

“0.02 gram gold per tonne”

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredHaib · copperTonnes: 579000000Grade: 0.24Grade Unit: %Contained Metal: 3050000000Contained Unit: lbHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Haib
Commodity
copper
Region
namibia
Reported Region
Namibia
Ticker
KRY

Resource scope

Estimate type
resource
Resource group id
resource:415c7779bd4fdaf327e1

Resource Data

Category
inferred
Tonnes
579000000
Grade
0.24
Grade Unit
%
Contained Metal
3050000000
Contained Unit
lb

Prior Estimate

Resource Date
2026-03-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-03-01T00:00:00.000Z

Dates

Event date
2026-08-27T00:00:00.000Z

Reasoning: Existing inferred resource baseline.

Evidence · text

“579 million inferred tonnes grading 0.24% copper”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredHaib · molybdenumTonnes: 579000000Grade: 66Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Haib
Commodity
molybdenum
Region
namibia
Reported Region
Namibia
Ticker
KRY

Resource scope

Estimate type
resource
Resource group id
resource:415c7779bd4fdaf327e1

Resource Data

Category
inferred
Tonnes
579000000
Grade
66
Grade Unit
ppm

Prior Estimate

Resource Date
2026-03-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-03-01T00:00:00.000Z

Dates

Event date
2026-08-27T00:00:00.000Z

Reasoning: Byproduct molybdenum in inferred resource.

Evidence · text

“66 ppm molybdenum”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredHaib · goldTonnes: 579000000Grade: 0.02Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Haib
Commodity
gold
Region
namibia
Reported Region
Namibia
Ticker
KRY

Resource scope

Estimate type
resource
Resource group id
resource:415c7779bd4fdaf327e1

Resource Data

Category
inferred
Tonnes
579000000
Grade
0.02
Grade Unit
g/t

Prior Estimate

Resource Date
2026-03-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-03-01T00:00:00.000Z

Dates

Event date
2026-08-27T00:00:00.000Z

Reasoning: Byproduct gold in inferred resource.

Evidence · text

“0.02 gram gold”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

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.