The copper market has CRACKED. Spot prices flared out into a MASSIVE backwardation of over $300 per tonne as stocks continue to be pulled off the LME. This is the largest spread since 2021, and we all remember what happened then…
Koryx Copper upgrades Haib resource to 3.5Mt as grades and mine life improve
Koryx Copper S.A. has increased the mineral resource at its wholly owned Haib Copper Project in southern Namibia, lifting total contained copper to 3.5 million tonnes from 2.6 million tonnes as grades and operating parameters improve.
The updated Mineral Resource Estimate (MRE), effective 16 March 2026, also saw the grade of the high-grade portion rise to 0.40% copper equivalent, up from 0.34%, reflecting revised geological modelling and additional drilling data.
The Haib project is a large-scale open-pit sulphide copper deposit with by-products including molybdenum and gold. The project has an envisaged average production rate of 92,000 tonnes per annum over an initial 24-year mine life.
https://t.co/wjye4KVCNx #namibia #mining #copper #mineoperations @MME_Nam@CoMinesNamibia@KoryxCopper@HeyeDaun
@CommoditiesG@mining@Marimaca_Copper You need to check out Koryx Copper. USD1.6bn plus minus for around 92,000tpa of copper production. KRY is one of the simplest, most sizable, scalable and predictable large copper projects out there. Great leadership and valuation - what is more to want?!
Friedman schrieb 1962: «Eine Gesellschaft, die Gleichheit über Freiheit stellt, wird keines von beidem bekommen. Eine Gesellschaft, die Freiheit vor Gleichheit stellt, wird viel von beidem erhalten.» Angesichts populistischer Angriffe auf Arbeitgeber ist das aktueller denn je.
Great to have had veteran mining journalist Leon Louw on site at Haib in Namibia showing him why and how we are going to shoot the lights out with Koryx!!
WhyAfrica visited Koryx Copper’s Haib project yesterday as part of Leg 1 of the 2025 WhyAfrica Road Trip through southern Africa. Haib ranks as one of southern Africa’s most exciting new exploration projects and with Heye Daun, CEO and President, steering the ship, drilling is in overdrive.
Copper fact finding mission in the Namibian dessert with a group of geologists
For a successful green revolution the world needs double the amount of copper in the next 25 years, as produced over the last 200 years
Trip was organized by Koryx Copper (KRY)
#long KRY
Koryx Copper named among Top 50 performers on TSX Venture Exchange
Koryx Copper Inc. has been recognized as one of the top 50 performers on the TSX Venture Exchange for 2025, following a remarkable 400% surge in share price and a 737% increase in market capitalization in 2024.
The company ranked among the top 10 mining firms in the category.
Heye Daun, President & CEO of Koryx Copper, attributed the achievement to the company’s strategic execution and experienced team.
https://t.co/aV6x7xwWTi #namibia #copper #topperformer #TSX #shareprice
The 2023 #PreciousMetalsSummit in Beaver Creek is coming to an end. Despite persistent jet lag and continual headaches due to the altitude, the journey to the conference was unquestionably worth the effort.
Some insights:
- The conference had robust attendance, with more than 8,000 one-on-one meetings
- The atmosphere among the miners fluctuated between stages of agony, desperation, denial of reality, dark humour, and purposeful optimism.
- I find it quite intriguing that an increasing number of governmental institutions, primarily from the USA, have come to acknowledge the significance of #strategicmetals, albeit somewhat belatedly, engaging now in offtake agreements or financial arrangements with miners.
- Corporate entities are gradually ramping up their involvement, seeking to secure their supply of raw materials; Volkswagen now employs 15 geologists, and Stellantis has for example invested in McEwen Copper.
- Had plenty of discussions about the "marketing problem" of the mining space. A concerted effort will be needed to revamp the image and make gold/silver mining more attractive to generalists again.
- Many juniors reported successful corporate meetings and a significant presence of corporate development/exploration teams, hinting at a possible increase in M&A.
- A number of companies are in "keeping the lights on-mode" and are unable to raise capital or unwilling to dilute at low share prices. Expect bankruptcies, restrucurings and companies renaming to "somewhat with strategic metals" or even "AI" .-)
- Current conditions favor Royalty Companies for opportunistic ventures (see recent deals by FNV, Osisko GR and Wheaton).
- The emphasis of most investors remains on high-grade deposits, amid criticism of large low-grade assets.
- Imho the junior sector is an excellent gauge for global liquidity. Feeling it first when liquidity dwindles and feeling it early when liquidity and risk tolerance start rising again.
-5:30 morning runs up the mountains are tough as hell, but i love them!
Was great to meet up with old friends like @TaviCosta@SantiagoAuFund@LawrenceLepard@DonDurrett@wmiddelkoop@dougcan and making new friends like @Frank_Giustra@TrevAHall@TgMacro and many more!
#gold #silver #PGM #mining #beavercreek #precioussummit #IGWT @IGWTreport #whereismyhair
This one barrel of yellowcake can power 15,000 homes post enrichment for an entire year!
I got my U--do U?
momentum is building globally for nuclear (and uranium) and even Warren Buffett is getting behind nuclear...
.@OsinoResources lists on the Namibian Stock Exchange. CEO @HeyeDaun working on adding in-country pension funds & unlocking real demand.
Doesn't get anymore local than holding their own in-country emerging goldco champion. https://t.co/OV94Xtz4yz
In the @alexforbes Lead Story @OsinoResources's CEO and President @HeyeDaun tell @garystroebel about the company's dual-listing on the NSX and local capital raising drive. https://t.co/sR6Gfw8Y6a
New assay & metallurgical test results from Ondundu Project.
Exceptional intercepts: 157m @ 1.50g/t (ONRC23-019) & 109m @ 2.30g/t (ONRC23-017).
Indicate potential to increase the size and grade of the main ore zones with further drilling.
https://t.co/OQFCqhseJc