Koryx Copper Resources (TSXV:KRY) - Rediscovering African Copper Giant
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Show Notes
Interview with Pierre Léveillé, President & CEO of Koryx Copper Resources Inc.
Our previous interview: https://www.cruxinvestor.com/posts/deep-south-resources-dsm-awaiting-license-for-copper-project-in-namibia-3181
Recording date: 19 November 2023
Koryx Copper Charging Ahead: Unlocking the Value in its Giant Namibian Copper Project
After years of license delays, Koryx Copper (formerly Deep-South Resources) is now aggressively exploring its flagship copper project in Namibia. Recent structural mapping and initial drilling have revealed zones of exceptionally high-grade mineralization cutting through the broad lower-grade porphyry deposit. Koryx is targeting these in a new 5,000m drill campaign, results from which will feed into an updated resource model by early 2024.
The current resource stands at over 1 billion tons at 0.31% copper. While low-grade, initial studies found the scale could support an economic operation using innovative lower-cost processing technologies. However, systematically delineating and incorporating the newly identified higher-grade zones opens up the potential to transform project value. Recent drilling has intersected exceptional grades up to 2.5% copper, nearly 10x the average resource grade.
This next round of exploration drilling and updated resource modeling aims to substantiate the grade-enhancing potential of these structural zones as Koryx charges towards a feasibility study within 2 years. The company has the backing of several potential strategic partners and private equity groups interested in funding the development of the project once de-risked to this next stage.
After years of value-suppressing uncertainty, Koryx offers investors an early entry point into a significant copper project just as critical exploration drilling kicks off. Demonstrating grade improvement could act as a major re-rating catalyst. Investors can position themselves to benefit as Koryx unlocks substantial value at this copper giant ahead of feasibility studies and into a strengthening market.
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