Koryx Copper Inc. is an exploration and development company focused on copper deposits in Zambia and Namibia.
Koryx Copper’s copper deposits
The company’s primary deposits are:
- Namibia: Koryx Copper holds the Haib Copper project in South Namibia. Haib Copper hosts 43-101 resources of 850 MT @ 0.31% Cu. The company is starting a feasibility study based on the recent PEA that showed an After-tax NPV of $ 1.3bn and IRR of 38.1% at $3.50/lb Cu; and
- Zambia: Koryx Copper holds an option over 752km2 large exploration licenses in the heart of the Zambia Copper Belt, one of the most prolific copper belts in the world.
Koryx Copper’s experienced team discovered higher-grade zones controlled by structures never identified before. Those structures are in the form of large shear zones and faults.
Drilling across those structures resulted in much higher grades well above the average grade of the copper deposits. Higher grades were between 0.40%Cu to 2.57% Cu/Eq on large extensions up to 150 meters. This is the start of a severe average grade improvement for the deposit.
The other important aspect is the use of bio heap leaching as the main metal extraction technology. This low CapEx and Opex technology generates no air pollution and has completely stable dumps, reducing the risk of water table contamination. It is a far more green technology than the high CapEx and pollutive classical way to extract metals, which uses grinding, milling and roast leaching. Our metallurgical test has demonstrated recoveries as high as 95% Cu.
Koryx Copper also holds options over three exploration licences in the heart of the Copper Belt in Zambia – one of the most prolific copper deposits in the world. First geological sampling here has enabled the identification of large copper and cobalt anomalies.
These discoveries have enabled Koryx Copper to be well-positioned to be at the forefront of the copper and green energy revolution.
The importance of copper in the green energy transition
Copper will be the king commodity for the next 30-50 years. Some of its primary uses include:
- Electric technology: Copper is present in mobile phones, televisions, computers, coffee machines, blenders, and lightbulbs;
- Electric vehicle production: There are more than 200 lbs in the motor of every single EV and at least 50 lbs in the rest of the vehicle;
- Cloud storage: Copper is at the heart of 5G deployment, and
- The US power grid: Copper is the number one material used in the US power grid; however, it desperately needs a massive upgrade by 2035.
Without copper, there is no communication, transportation, or infrastructure restoration.
The world is hurtling toward a desperate shortage of copper, and it’s showing no signs of slowing down unless we can discover the necessary copper deposits.
Bloomberg expects an additional 58% surge in demand by 2040. Considering that the world already uses over 21 million tonnes of this metal yearly, that’s enormous growth.
To put into perspective what a massive amount that is, the Empire State Building weighs 365,000 tonnes. This means we currently consume the equivalent of 57 Empire State buildings every year – we’ll need another 33 to keep pace!
According to a recent market report from Goldman Sachs, the spike in demand “has only just begun.”
Demand for copper in the EV transition will be exponential, But it’s not just EVs that will drive global copper markets. Copper requirements for renewable energy systems average up to five times more than traditional power generation – meaning the discovery of resource-rich copper deposits is essential in the green energy transition.
The green energy transition is set to propel copper demand to stunning heights. Copper is essential for batteries and everything else electrical, from production, transmission, storage, and utilisation –none of it works efficiently without copper.
