Koryx Copper S.A.
Koryx Copper S.A. (continued from British Columbia to Luxembourg in 2026; formerly Koryx Copper Inc.) holds 100% of the Haib project, one of the largest copper porphyry deposits in Africa. A 2026 updated resource includes 2.09Mt contained copper Indicated (plus 1.385Mt Inferred), 487,900 oz gold and 103.6 million lb molybdenum in the Indicated category. A PFS is targeted for Q4 2026 following an expanded ~50,000m drill program.
Lifecycle Milestones
Not in place: mill, tailings facility, grid power. Not yet determined: road access.
Jurisdiction (40%)7/10
Namibia is politically stable and one of Africa's better mining jurisdictions, but its Policy Perception Index recently fell amid rising regulatory discretion and economic-empowerment policy uncertainty in the mining sector.
Infrastructure (40%)1.4/10
No confirmed mill, no confirmed grid power, and no confirmed tailings facility at Haib Copper Project, southern Namibia; road access not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Rosh Pinah (Rosh Pinah Zinc Corporation), 138 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score:8/10
Teck Resources Limited holds 5% (reported 30 Apr 2026) See holders
An operating producer's stake scores 8 at 5%, rising to 10 at 20% (the take-over-bid threshold) and holding there up to 50%.
Weight 25% · 34% here - Distance to a producing mineSub-score:2.1/10
Nearest producing mine: Rosh Pinah (Rosh Pinah Zinc Corporation), 138 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 31% here - Lifecycle stageSub-score:6/10
Stage: Preliminary Economic Assessment
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 20% here - JurisdictionSub-score:7/10
Namibia: jurisdiction score 7/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 9% here - CommoditySub-score:8/10
Primary commodity: Copper
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 6% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President and Chief Executive Officer of Koryx Copper S.A. Former mining engineer with Rio Tinto, AngloGold Ashanti and Gold Fields who became a mining venture capitalist in 2009, founding Osino Resources among other ventures. Initially appointed Executive Chairman of Koryx in September 2024 before assuming the President & CEO title in November 2024. Currently driving development of the Haib copper project in Namibia.
Interim Chief Financial Officer of Ongwe Minerals Inc.; also Chief Financial Officer of Koryx Copper S.A. Formerly of Osino Resources; consulted to Lotus Gold as CFO since August 2020; was Finance Director of Osino Resources Corp.'s Namibian subsidiaries from 2017, then Chief Financial Officer of Osino Resources Corp. from March 2021.
Country Manager of Koryx Copper S.A. Mining professional with 24 years of experience in operations and project development. Holds a B.Tech in Extractive Metallurgy and a Global MBA from Oxford Brookes University, with an extensive background at Namdeb.
VP Project Development of Koryx Copper S.A. Former Randgold exploration geologist with over 24 years of experience in greenfields exploration, project development, feasibility studies and general management.
VP Exploration of Koryx Copper S.A. Professional geologist with more than 30 years of experience in Africa and the Middle East. Formerly with Gold Fields, BHP Billiton and Osino Resources, where he was instrumental in the Twin Hills gold discovery.
VP Sustainability / Responsible Mining of Koryx Copper S.A. Sustainability specialist with more than 20 years of experience and a background in mechanical engineering plus an MBA. Recently worked with Osino Resources on responsible mining frameworks.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Teck Resources Limited, a real major diversified base-metals producer, holds 5% of Koryx per the company's own investor fact sheet (April 2026) -- a secondary source suggests the figure could be closer to 7%, but 5% is used as the company's own stated number. The stake traces to Deep-South Resources' 2014-2017 acquisition of the Haib deposit from Teck via share-and-cash consideration. Director Heye Edmund Daun has bought stock on the open market extremely consistently through the entire trailing year, joined by director Charles Edward Loots, with no offsetting selling on record.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Koryx Copper, which moved its corporate domicile from British Columbia to Luxembourg in 2026, owns 100% of the Haib copper porphyry project in southern Namibia, planned as an open pit. A 2026 resource update has 2,090,000 t of contained copper in the indicated category plus 1,385,000 t inferred, with 487,900 oz of gold and 103.6 million lb of molybdenum in the indicated category. The September 2025 updated preliminary economic assessment, combining a 28 Mtpa mill with a 7 Mtpa heap leach, shows an after-tax NPV8% of US$1.351B and a 20.1% IRR at US$4.31/lb copper, with initial capital of US$1.557B, a 23-year mine life and an all-in sustaining cost of US$2.47/lb. Fifteen drill rigs were active in mid-2026 ahead of a pre-feasibility study targeted for the end of 2026.