Mining Stock Daily Koryx Copper CEO Heye Daun on Latest Drill Results and an Updated Resource Estimate
Oct 29, 2025
Heye Daun, CEO of Koryx Copper, shares insights on the company's latest drilling results at the Hive copper project in Namibia. He emphasizes the importance of integrating historical data for improved geological modeling. The conversation dives into the operational advantages of shallow mineralization and accessible infrastructure in Namibia. Daun also discusses global copper market dynamics, particularly the implications of supply concerns and Chinese concentrate shortages. Political changes in Namibia and their impact on mining policy also take center stage.
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Drilling Confirms And Should Improve Resource
- Koryx's recent drilling campaign is “more of the same,” which the CEO calls positive because it confirms earlier expectations.
- Heye Daun expects the upcoming mineral resource update to be larger and potentially higher grade, though he won't quantify numbers yet.
Integrated Geological Model Boosts Predictability
- Koryx integrated historical data, denser drilling, structural and lithological models, and external porphyry expertise into an updated geological model.
- CEO Heye Daun says this systematic work gives better predictive power and will align the model with grades and drill results.
Re-Testing A Higher-Grade Zone
- Koryx returned to a previously higher-grade zone and completed infill holes, including the best hole ever drilled three months ago.
- Heye Daun notes laboratory turnaround delay but expects more results from that area soon.