The Haib copper deposit is in the extreme south of Namibia close to the border with South Africa, which is defined by the course of the Orange River. Credit: Koryx Copper
Koryx Copper’s (TSXV: KRY) new preliminary economic assessment (PEA) positions its open-pit Haib project in Namibia among the largest red metal projects in the region by value and contained copper.
At a post-tax net present value (NPV) of $1.35 billion and an internal rate of return (IRR) of 20%, the Haib study issued on Thursday shows the highest value for development-stage and producing copper mines in Namibia and Botswana. It’s well ahead of Chinese state-owned miner MMG’s Khoemacau mine in Botswana, which has an NPV of $864 million.
“The objective of this PEA was to right-size and optimize the Haib project and reposition it as a credible, low-risk, large-scale, low-cost, high-return, open pit milling and flotation…
