Koryx Copper Highlights Annual Information Form Filing
Koryx Copper's Annual Information Form Submission
Koryx Copper Inc. (TSX-V: KRY) is thrilled to announce a significant milestone with the filing of its Annual Information Form (AIF) for the year ending August 31, 2024. This important document can be found on SEDAR+ under Koryx's profile. The electronic version of the AIF is also available on the company's official website.
Overview of Koryx Copper Inc.
Koryx Copper Inc. is dedicated to advancing the Haib Copper Project located in Namibia, a project wholly owned by the company. This initiative is complemented by an expanding portfolio of copper exploration licenses in Zambia, as part of the company’s strategy to establish a robust presence in the copper sector.
Features of the Haib Copper Project
The Haib Copper Project is recognized for its size and potential. Located in southern Namibia, it is categorized as a large, advanced copper/molybdenum porphyry deposit, currently at the Preliminary Economic Assessment (PEA) stage. Its extensive exploratory history spans decades, with over 80,000 meters of drilling conducted since the early 1970s by reputable companies like Rio Tinto and Teck.
The Haib project currently boasts an impressive mineral resource estimate, with 414 million tons at a grade of 0.35% copper, translating to approximately 1,459 million tons of contained copper in the Indicated category. Furthermore, it includes an Inferred category of 345 million tons at 0.33% copper, showcasing a strong foundation for future development.
Technical Studies and Development
Koryx Copper continues to invest in studies and assessments to confirm Haib’s potential as a long-term, low-cost copper production project. The feasibility assessments suggest various avenues for copper production, including options for heap leaching, which could further enhance its economic viability.
Geological Significance of the Haib Deposit
Geologically, the mineralization at Haib is characteristic of a porphyry copper deposit, a rarity among Paleoproterozoic deposits globally. Despite undergoing multiple metamorphic and deformation processes, it has retained classic mineralization features. The dominant mineral found is chalcopyrite, accompanied by trace amounts of bornite and chalcocite, reflecting its rich copper potential.
Technical Reporting and Further Information
For those interested in the finer details of the Haib Copper Project, the technical report titled "NI 43-101 Technical Report – August 2024 Mineral Resource Estimate for the Haib Copper Project" is available for review. This comprehensive report outlines the project's mineral resource estimates, geological context, and development potential.
All additional information pertaining to Koryx Copper, including the AIF and the technical report, can be accessed through the company's official website. It is crucial for prospective investors and stakeholders to stay informed about these developments.
Contacting Koryx Copper
For more information, please reach out to Koryx Copper's Corporate Communications representative, Julia Becker. She is available to provide more insights into the company’s projects and strategic objectives.
Frequently Asked Questions
What is the purpose of the Annual Information Form (AIF)?
The AIF provides detailed information about the company’s financial performance, risks, and future strategies, which is essential for stakeholders and potential investors.
What is the Haib Copper Project?
The Haib Copper Project is a significant copper and molybdenum deposit located in Namibia, aimed at establishing a sustainable mining operation.
What are the company's future plans for Haib?
Koryx Copper intends to continue its explorations and technical studies to confirm Haib’s viability as a long-term copper production project while seeking additional exploration opportunities in Zambia.
How can one access the AIF and other reports?
Interested parties can access the AIF and other reports on the Koryx Copper official website and the SEDAR+ platform.
Who can I contact for more information about Koryx Copper?
Julia Becker, the Corporate Communications representative, is available for inquiries at the company's contact email or via phone.
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