Mining Stock Daily Koryx Copper Overview of its Recently Published PEA for Haib
Sep 16, 2025
Trevor Faber, COO of Koryx Copper, provides insights on the recently published Preliminary Economic Assessment for the Haib project in Namibia. The study reveals impressive financial metrics, including a staggering after-tax NPV of $1.35 billion. He discusses ongoing drilling efforts aimed at uncovering high-grade areas and the company's strategic move to Luxembourg to bolster market presence. Faber also emphasizes the importance of optimizing project size and balancing capital expenditures to enhance financial viability.
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Scale And Data Behind Haib
- Haib is a large copper porphyry with 760 million tonnes at 0.35% Cu and 2.6Mt contained copper under 100% Koryx control.
- Historic 80,000m plus 20,000m recent drilling (100,000m total) enabled the published PEA.
PEA Excludes Recent Drilling
- The published PEA shows an after-tax NPV8% of US$1.351bn and IRR of 20.1% using historic data only.
- Recent 20,000m drilling is not included in the PEA, so future studies can materially improve economics.
Prioritize High-Grade Starter Pits
- Focus drilling on identifying higher-grade, near-surface starter pits to improve early cashflow and project metrics.
- Continue expanding drill coverage before the PFS to convert high-grade zones into upgraded resource and reserve figures.