Mining Intelligence and News
Namibia

Haib Copper Project

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Categories

Summary

Mine TypeOpen Pit
Study CompletedPreliminary Economic Assessment
Study in ProgressPreliminary Economic Assessment Update
Commodities
  • Copper
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotHaib is a large and advanced copper/molybdenum porphyry deposit, with a long history of exploration, and is one of the oldest and only two such deposits in southern Africa.

Koryx Copper is making significant progress in developing the Haib Copper Project. Metallurgical testwork has yielded encouraging results, producing a clean concentrate with a copper grade of 20-25%.

The update PEA is on track, with expectations to confirm the feasibility of the project as a large-scale open-pit mine with a milling and flotation base case, alongside copper production through heap leaching.

A 55,000-meter drilling program is underway. Energy and water supply studies have been conducted, and the mining license application is progressing, with environmental permitting also in progress.

These efforts are aimed at advancing the project to a techno-economic feasibility stage, with an updated mineral resource estimate completed in 2024 and updates expected.
Latest NewsKoryx Copper Announces Closing of $25 Million Financing     July 31, 2025

Owners

SourceSource
CompanyInterestOwnership
Koryx Copper Inc. 100 % Indirect
Koryx Copper Inc. has a 100% interest in Deep South Mining Company (Pty) Ltd., a Namibian subsidiary which in turn has a 100% interest in Haib Minerals (Pty) Ltd which holds the exploration rights to the Haib Project.

Contractors

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Deposit type

  • Porphyry

Summary:

The Haib copper deposit is a porphyry copper deposit of Palaeoproterozoic age, approximately 1,880 Ma.

Porphyry copper systems usually occur along subducted zones and commonly occur in clusters.

The principal sulphides within the Haib body are pyrite and chalcopyrite with minor molybdenite. Bornite, digenite, chalcocite and covellite are also occasionally recorded. There is no major development of a supergene zone, probably due to high rates of erosion associated with the Orange River canyon. Near surface oxidation has led to the formation of malachite, azurite, chrysocolla, minor cuprite and chalcocite, generally along fracture zones.

Oxide copper rarely extends to depths in excess of 30 m on these fracture zones. While the oxide zone volumetrically represents a fairly minor proportion of the deposit, grades are significantly above average giving the potential for some leachable copper from the oxide material. These portions of the deposit have not been examined in detail and there is significant potential to improve their volume and grade.

A variable thickness transition zone exists over large parts of the deposit, between the surface and a pure sulphide (un-oxidised) zone, of approximately between 10 m and 20 metres thickness.

Sulphide minerals are disseminated within the rock mass and found concentrated in blebs and along veinlets and fractures. Significant mineralisation commonly occurs along joint planes. High copper grades are typically associated with quartz veins.

Gold, silver and molybdenum are trace constituents associated with the copper mineralisation. Molybdenite is occasionally seen as disseminated flakes and veinlets associated with other sulphides and in minor shears and quartz veins.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityProductUnitsAvg. Annual
Copper Cathode lbs 77,894,214
Copper Equivalent Metal lbs 113,720,448
CuSO4.5H2O Crystals lbs 112,613,875

Operational metrics

Metrics
Hourly processing capacity  ....  Subscribe
Annual ore mining rate  ....  Subscribe
Annual processing capacity  ....  Subscribe
Stripping ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
* According to 2024 study.

Production Costs

CommodityUnitsAverage
Total cash costs Copper Equivalent USD  ....  Subscribe
Assumed price CuSO4.5H2O USD  ....  Subscribe
Assumed price Copper USD  ....  Subscribe
* According to 2024 study / presentation.

Operating Costs

CurrencyAverage
OP mining costs ($/t milled) USD  ....  Subscribe
Processing costs ($/t milled) USD  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe
* According to 2024 study.

Project Costs

MetricsUnitsLOM Total
Total CapEx $M USD  ......  Subscribe
Pre-tax NPV @ 7.5% $M USD  ......  Subscribe
After-tax NPV @ 7.5% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jan 8, 2024
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....................... Subscription required ....................... Subscription required Subscription required Aug 21, 2025
....................... Subscription required ....................... Subscription required Subscription required Aug 21, 2025

Workforce

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