Koryx Copper Announces Further Positive Drill Results at the Haib Copper Project, Southern Namibia
Koryx Copper Inc.
Suite 888, 700 West Georgia Street,
Vancouver. BC, V7Y 1G5
Canada
KORYX COPPER ANNOUNCES FURTHER POSITIVE DRILL RESULTS
AT THE HAIB COPPER PROJECT, SOUTHERN NAMIBIA
Highlights
• Assays reported for a further 9 drill holes for 4,007m of diamond drilling.
• Consistent drill results with excellent localized higher-grade zones providing a potential opportunity
for higher-grade mine scheduling within the wider mineral resource envelope.
• Notable drill intercepts from the holes include:
• HM103: 74m @ 0.36% Cu (66 to 140m) incl. 16m @ 0.56% Cu (106 to 122m)
• HM102: 19m @ 0.64% Cu (204 to 223m)
• HM107: 18m @ 0.45% Cu (12 to 30m)
• HM104: 26m @ 0.36% Cu (220 to 246m)
214m @ 0.34% Cu (272 to 486m)
• HM101: 62m @ 0.31% Cu (0 to 62m)
66m @ 0.37% Cu (254 to 320m)
• HM97: 22m @ 0.31% Cu (264 to 376m)
• HM98: 56m @ 0.33% Cu (38 to 94m)
• HM105: 66m @ 0.32% Cu (428 to 494m)
16m @ 0.39% Cu (540 to 556m)
• Two additional drill rigs recently arrived on site for a total of 12 active drill rigs on site presently.
• Significant progress with PFS preparation drilling ( pit and civils geotechnical) in addition to
ongoing infill & expansion drilling.
• Geological modelling and mineral resource estimation work ongoing, with the aim of p ublishing
an updated mineral resource estimate (MRE) before the end of January 2026.
• Engineering & met studies (power & water, infrastructure, transport logistics) and permitting
activities (environmental, mining, land access) ongoing.
Vancouver, B.C., Canada – December 12, 2025 – Koryx Copper Inc. (“Koryx” or the "Company") (TSX-V: KRY)
is pleased to announce assay results from 9 drill holes (4,007m) received as part of the Phase 2 and 3 drill
program for its 2025 exploration and project development strategy on the wholly-owned Haib Copper Project
(“Haib” or the “Project”) in southern Namibia.
Haib is an advanced-stage, open pit porphyry Cu/Mo/Au project that is envisaged to produce a copper
concentrate via conventional crushing/milling/flotation, with the potential for additional copper production
via heap leaching. What sets it apart are its world-class geological scale, technical simplicity with no fatal flaws,
scalability and predictable permitting environment in Namibia.
Heye Daun, Koryx Copper’s President and CEO commented: “The latest drill results reinforce the strong
fundamentals of the Haib Copper Project, confirming consistent grades over wide intercepts like 214m @ 0.34%
Cu in HM104, and delivering localized higher-grade intercepts such as 19m @ 0.64% Cu in HM102. These results
provide confidence in the consistency of the metal content as well as opportunities to enhance the grade profile
during the mine scheduling process . The team continues to fast track the drill programs, with 12 rigs now
operating on site and undertaking varied programs, focused on resource conversion a s well as advancing pit
wall stability and civil construction geotechnical drilling in preparation for the PFS study which has been
initiated. Also, we are fully engaged in completing the updated mineral resource estimate, which for the first
time will include gold & molybdenum by-product credits plus a substantially enhanced geological interpretation
and improved understanding of the geological controls of the Haib deposit.”
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Figure 1: Plan view indicating recent drill hole locations. Assay results indicated in black shown on the long section below
Figure 2. Long section looking northeast showing nine drillhole intersections relative to the model for Cu mineralization
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Discussion of Drill Results
Nine drillholes are reported across the main mineralised zone at Haib including one in Target 1, two in Target
2, four in Target 3 and two in Target 4. Approximately half are in -fill holes, while the remainder test ed
extensions of mineralisation around the periphery of known higher -grade zones. Most peripheral holes
returned positive results, suggesting potential for localised increases in resource tonnage. Another
encouraging observation is the presence of broad, Au-enriched intervals (>0.1 g/t), particularly in the northern
parts of Targets 2 and 3, although their overall significance is not yet fully understood.
Target 1 Results
HM102 was collared just south of the Volstruis River in the northwest of Target 1 to test the down -dip
extension of shallow higher -grade mineralisation. Cu mineralisation begins at 204m, slightly deeper than
predicted, and continues to end of hole. Based on nearby drilling, this depth difference is more likely related
to faulting near the Volstruis River than to a change in dip. Mo and Au are generally absent, except for a 6m
interval between 206–212m averaging 0.13 g/t Au and 1.18% Cu.
Target 2 Results
HM98 was drilled northwards from the centre of Target 2, to better define the northern limit of Cu
mineralisation. Results align closely with expectations with mineralisation ending at 358m (predicted 360m).
Within the broad mineralised zones, Cu grades remain consistently between 0.30 and 0.35%, with higher
grades restricted to isolated samples. Mo is not present in significant amounts, and Au is low overall, except
for a short interval between 62 and 70m where it averages just below 0.1 g/t.
HM105 was collared southwest of Target 2 to test the westward extension of newly identified NW–SE trending
Cu mineralisation along the southwestern margin of the target. A secondary objective was to determine
whether Cu mineralisation intersected historica lly by RTZ hole HB012, located 145m to the south, extended
north-eastwards. As no mineralisation had previously been modelled in this area, the positive Cu intersections
represent new resource tonnage and potentially a new Cu zone. Mo is largely absent except between 40 and
114m, where it averages 0.02% (including three samples >0.1%). Gold remains at or near the detection limit
(0.005 g/t).
Target 3 Results
HM97 was collared in the north of Target 4 and drilled northwards into the main Target 3 system. As expected,
Cu grades are initially low and continue down to 230m, which is deeper than the current resource model.
Although this suggests potential localised tonnage loss, the mineralised interval at depth is significantly wider,
offsetting this. Mo increases between 198 and 338m, averaging 0.03%, including two samples >0.1% and one
at 0.43%. Gold is mostly absent except for a substantial 76m interval between 590 and 660m averaging 0.17
g/t, including multiple samples exceeding 0.2–0.4 g/t and a maximum of 0.55g/t.
HM104 was also collared in northern Target 4 and drilled northwards. It intersects shallow higher -grade
mineralisation consistent with holes to the south, confirming that this zone reaches surface just north of the
collar. Multiple narrower Cu intervals (6 and 26m wide) occur to 246m, after which the hole enters the main
Target 3 mineralisation for 214m intersection width from 272m depth. These results represent significant local
tonnage gains, both within the deeper Target 3 and in the volume between Targets 4 and 3.
HM106 was drilled in the northeastern part of Target 3 and positioned to tighten hole spacing near the Shear
Zone that bounds the northern extent of mineralisation. Here, Cu occurs in several moderately steep, parallel
zones separated by low-grade intervals. This is reflected in HM106 where an upper barren interval is followed
by Cu mineralisation between 70 and 120m with multiple narrower higher-grade zones, including a peak grade
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of 2.2% Cu with 0.16 g/t Au. Below 120m, Cu grades decrease but remain above 0.1%, suggesting the hole did
not intersect the Shear Zone. Mo remains low throughout.
HM107 was drilled 80m north of HM106 on the same section and encountered Cu mineralisation near surface,
including 12m at 0.9 g/t Au. This correlates well with HM106 and supports a southwest -dipping mineralised
geometry. From 34m downward, Cu drops below 0.1% for the remainder of the hole, indicating intersection
of the main Shear Zone. Mo is absent; however, between 92 –104m, Au averages 0.1 g/t, and the final 2.8m
sample returned 0.51 g/t Au.
Target 4 Results
HM101 was collared in the northwest of Target 4 and drilled towards Target 3. It unexpectedly intersected a
relatively broad, well-mineralised Cu zone from surface to 62m, despite the resource model predicting little
to no shallow Cu here. Additional higher-grade intervals extend to 106m. A 66m intersection averaging 0.37%
Cu from 254m lies outside the existing higher-grade domain and, together with upper mineralisation, should
contribute positively to local resource tonnage. Mo is elevated between 142 to 204m (~0.02%) and largely
absent elsewhere. Gold remains at detection limit.
HM103 was collared west of HM101 and drilled towards Target 3 . It also contrasts with the resource model
prediction by intersecting a well -developed higher-grade Cu zone between 66 to 144m, followed by three
further high -grade intervals down to 436m. At 478m, the hole enters the main Target 3 mineralisation,
remaining in it to 498m. Mo is sporadic and low grade, becoming absent below 466m. Au remains at detection
limit throughout.
Table of Significant Intersections
Hole# Zone From (m) To (m) Width (m)1 Cu (%) Mo (%) Au (g/t)
HM97
Entire Hole 0 839 839 0.16 0.007 0.029
Main 2 12 10 0.32 0.001 0.010
Main 264 376 112 0.31 0.026 0.024
Including 286 292 6 0.59 0.022 0.037
Including 322 326 4 0.53 0.254 0.069
Including 358 362 4 0.69 0.003 0.047
Main 480 494 14 0.31 0.002 0.020
HM98
Entire Hole 0 462 462 0.24 0.003 0.028
Main 0 12 12 0.30 0.002 0.018
Main 38 94 56 0.33 0.005 0.039
Main 120 138 18 0.31 0.006 0.035
Main 250 358 108 0.30 0.003 0.024
Including 280 286 6 0.48 0.003 0.026
Including 352 358 6 1.07 0.003 0.055
HM101
Entire Hole 0 417 417 0.20 0.004 0.009
Main 0 62 62 0.31 0.002 0.009
Including 20 24 4 0.49 0.004 0.004
Including 30 34 4 0.56 0.001 0.022
Main 68 82 14 0.33 0.008 0.018
Main 102 106 4 0.49 0.013 0.011
Main 150 154 4 0.39 0.021 0.008
Main 178 190 12 0.30 0.011 0.009
Main 200 208 8 0.42 0.008 0.011
Main 254 320 66 0.37 0.005 0.011
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Hole# Zone From (m) To (m) Width (m)1 Cu (%) Mo (%) Au (g/t)
Including 278 282 4 1.19 0.001 0.011
Including 296 302 6 0.54 0.003 0.011
Including 314 318 4 0.70 0.001 0.016
Main 374 382 8 0.62 0.002 0.041
HM102
Entire Hole 0 223 223 0.16 0.001 0.021
Main 204 223 19 0.64 0.002 0.058
Including 204 212 8 1.04 0.003 0.126
HM103
Entire Hole 0 591 591 0.24 0.004 0.027
Main 66 140 74 0.36 0.006 0.015
Including 66 70 4 1.28 0.002 0.017
Including 84 92 8 0.50 0.005 0.014
Including 106 122 16 0.56 0.015 0.026
Main 152 160 8 0.37 0.002 0.029
Main 306 314 8 0.32 0.008 0.020
Main 428 436 8 0.47 0.001 0.048
Main 478 498 20 0.30 0.000 0.034
HM104
Entire Hole 0 515 515 0.25 0.008 0.022
Main 10 22 12 0.33 0.001 0.021
Main 50 56 6 0.33 0.001 0.023
Main 106 120 14 0.34 0.011 0.024
Including 118 120 2 0.76 0.001 0.040
Main 126 134 8 0.44 0.008 0.030
Including 126 128 2 0.60 0.008 0.049
Including 132 134 2 0.84 0.008 0.049
Main 220 246 26 0.36 0.005 0.027
Main 272 486 214 0.34 0.010 0.024
Including 312 316 4 0.83 0.005 0.031
Including 320 330 10 0.97 0.006 0.052
Including 338 348 10 0.65 0.007 0.030
Including 414 420 6 0.44 0.004 0.027
HM105
Entire Hole 0 657 657 0.15 0.005 0.013
Main 56 76 20 0.31 0.042 0.019
Main 428 494 66 0.32 0.002 0.018
Including 434 440 6 0.52 0.001 0.015
Including 460 464 4 0.97 0.003 0.051
Main 540 556 16 0.39 0.002 0.025
HM106
Entire Hole 0 223 223 0.16 0.002 0.022
Main 70 80 10 0.78 0.006 0.063
Including 72 76 4 1.42 0.010 0.107
Main 100 106 6 0.34 0.003 0.021
HM107 Entire Hole 0 223 223 0.10 0.001 0.040
Main 12 30 18 0.45 0.006 0.060
1. Widths are interval widths and not true widths. The reported intervals are calculated using the following parameters:
a. Only Cu(%) was used to determine the intervals
b. The target composite grade is ≥0.30% Cu.
c. Composites start and end with samples ≥0.30% Cu.
d. Grades between 0.20% and 0.30% are included in interval but generally constitute <40% of the interval.
e. Consecutive samples between 0.20% and 0.30% should be fewer than 5 samples (10m).
f. Grades below 0.20% are included but generally constitute <20% of the interval.
g. Consecutive grades <0.2% should be fewer than 2 samples (4m).
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Resource Modelling Update
The early Phase 2 drill programs completed in the first half of 2025 successfully targeted areas of localised
higher grade in the core of the system. The subsequent Phase 3 and 4 drill programs focused on stepping back
from the central areas of the deposit to begin extension as well as resource conversion drilling. To this end ,
the new drillhole results locally extend mineralisation, while infill drilling is broadly in line with expectations
and supports the average grade of the resource, confirming the metal content while converting material from
Indicated to Inferred category.
Encouragingly, localised areas of higher-grade material are still being intersected away from the centralised
trend, for example HM102 (19m @ 0.64% Cu). This provides opportunities for localised improvements to the
grade model and mine scheduling opportunities.
Work on the updated MRE is ongoing, and the modelling continues to be informed by new geological insights
into the controls on mineralisation. The team have recently generated models on fault zones which are being
incorporated as an additional control. Work is near finalisation on the new MRE, which will incorporate Mo
and Au assay results from the most recent drilling campaign, which successfully expanded the known
mineralized zones and confirmed continuity in several key areas of the deposit.
It is anticipated that the updated MRE will be published before the end of January 2026.
Drill Program Update
The drill program on site has progressed steadily as additional rigs continue to be mobilized to site in line with
the team’s capacity to log and process the core , as well as balancing the increasing need to gain access to
further drill sites as the drilling program footprint expands into logistically more difficult terrain.
Since the previous drill update in October with 10 rigs, two additional rigs have been added and currently
there are 12 diamond core machines operating. As the drill requirements become more dynamic, the team
are now managing and resourcing multiple programs, meaning that while nine rigs continue on the resource
conversion program, one rig is drilling pit geotechnical holes, and two rigs are drilling civils geotechnical holes
in preparation for the PFS.
Quality Control
All drill core was logged, photographed, and cut in half with a diamond saw. Half of the core was bagged and
sent to ALS Laboratories Ltd. in Johannesburg, South Africa for analysis (SANAS Accredited Testing Laboratory,
No. T0387) and ActLabs in Canada, while the other half was quartered with one quarter archived and stored
on site for verification and reference purposes while the other quarter will be used for metallurgical test work.
33 elements are analysed by Induced Coupled Plasma ( “ICP”) utilizing a 4 -acid digestion and gold is assayed
for using a 30g fire assay method. Duplicate samples, blanks, and certified standards are included with every
batch and are actively used to ensure proper quality assurance and quality control (“ QA/QC”) The QA/QC
frequency is 1 in 20 for each of blanks, duplicates and standards.
Qualified Person
Mr. Dean Richards Pr.Sci.Nat., MGSSA – BSc. (Hons) Geology is the Qualified Person for the Haib Copper
Project and has reviewed and approved the scientific and technical information in this news release and is a
registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr.
Sci. Nat. No. 400190/08) . Mr. Richards is independent of the Company and its mineral properties and is a
Qualified Person for the purposes of National Instrument 43-101.
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About Koryx Copper Inc.
Koryx Copper Inc. is a Canadian copper development Company focused on advancing the 100% owned Haib
Copper Project in Namibia whilst also building a portfolio of copper exploration licenses in Zambia. Haib is a
large, advanced (PEA-stage) copper/molybdenum porphyry deposit in southern Namibia with a long history of
exploration and project development by multiple operators. More than 80,000m of drilling has been
conducted at Haib since the 1970’s with significant exploration programs led by companies includi ng
Falconbridge (1964), Rio Tinto (1975) and Teck (2014). Extensive metallurgical testing and various technical
studies have also been completed at Haib to date.
Additional studies are underway aiming to demonstrate Haib as a future long-life, low-cost, low-risk open pit,
sulphide flotation copper project with the potential for additional copper production from heap leaching. Haib
has a current mineral resource of 511Mt @ 0.3 3% Cu and 51ppm Mo for 1,668kt of contained copper and
25.9kt contained Mo in the Indicated category and 308.9Mt @ 0.3 1% Cu and 40ppm Mo for 949Mt of
contained copper and 12.4kt contained Mo in the Inferred category (0.15% Cu cut-off).
Mineralization at Haib is typical of a porphyry copper deposit and it is one of only a few examples of a
Paleoproterozoic porphyry copper deposit in the world and one of only two in southern Africa (both in
Namibia). Due to its age, the deposit has been subjected to multiple metamorphic and deformation events
but still retains many of the classic mineralization and alteratio n features typical of these deposits. The
mineralization is dominantly chalcopyrite with minor bornite and chalcocite present and only minor secondary
copper minerals at surface due to the arid environment.
Further details of the Haib Copper Project are available in the corresponding technical report titled, “Preliminary
Economic Assessment of the Haib Copper Project , Namibia, National Instrument 43 -101 Technical Report” dated
effective October 8, 2025 (the "Technical Report"). The Technical Report and other information is available on the
Company's website at https://koryxcopper.com and under the Company's profile on SEDAR+ at www.sedarplus.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
"Heye Daun"
President, CEO and Director
Additional information is also available by contacting the Company:
Julia Becker
Corporate Communications
+1-604-785-0850
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the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds
from the Company's recently completed financings and the future or prospects of the Company. Generally, forward-
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"may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are
necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently
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subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results,
performance, or achievements to be materially different from those expressed or implied by forward-looking
statements. Although the Company has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, other factors may cause results not to be as
anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking information. Other factors which could materially
affect such forward-looking information are described in the risk factors in the Company's most recent annual
management discussion and analysis. The Company does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.