{
  "id": 14729718,
  "title": "Koryx Copper at Precious Metals & Critical Minerals conference: PFS lift ahead",
  "url": "https://urgent.news/2026/10/15/koryx-copper-at-precious-metals-critical-minerals-conference-pfs-lift",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T15:27:42.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/koryx-copper-at-precious-metals--critical-minerals-conference-pfs-lift-ahead-93CH-4952273"
  },
  "original_language": "en",
  "account": "On October 15th, 2026, Koryx Copper (KRY) presented its Haib copper project at the Precious Metals & Critical Minerals Virtual Investor Conference. The project, located in Namibia, is progressing towards construction and is expected to become a major low-cost copper producer. The Haib project, a large open-pit sulfide copper operation, is poised to exceed 100,000 tonnes of copper per year once fully operational.\n\nKoryx highlighted the potential for a 30% to 40% increase in production following a prefeasibility study, which is projected to be published by the end of November 2024. The company plans to implement coarse particle flotation to raise the copper feed grade from 0.35% to 0.45%, potentially lowering costs. The project is being developed in a mining-friendly jurisdiction with strong local and government support, as well as access to grid power, water, and transportation.\n\nKoryx noted that Haib is at a prefeasibility stage, with potential for self-development, joint venture formation, or sale after the study. The company's market capitalization stands at CAD 450 million ($250 million), and the stock trades on the OTCQX Best Market and TSXV. The company has received financing from Middle Eastern, Chinese, and local Namibian investors, and management emphasizes its clean share structure and strong institutional backing.\n\nKoryx's President and CEO, Hia Dawn, described Haib as a world-class copper porphyry project in southern Namibia near the Orange River, which could position the project as tier-1 globally. Koryx expects the project's all-in sustaining costs to be in the second quartile of the global copper cost curve, and by-product credits from molybdenum and gold could account for 10% to 15% of total revenue.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Founders Metals at precious metals conference: drilling fuels growth case",
        "url": "https://urgent.news/2026/10/15/founders-metals-at-precious-metals-conference-drilling-fuels-growth",
        "published": "2026-10-15T18:43:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}