Interview with Pierre Léveillé, President & CEO of Koryx Copper Resources Inc.

Our previous interview: https://www.cruxinvestor.com/posts/koryx-copper-resources-tsxvkry-rediscovering-african-copper-giant-4522

Recording date: 14th March 2024

Koryx Copper (TSXV:KRY), a junior explorer focused on Namibia and Zambia, is steadily advancing its flagship Haib Copper Project. With a large resource already defined and a Preliminary Economic Assessment (PEA) demonstrating robust economics, Koryx offers investors an attractive opportunity to gain exposure to the compelling copper market fundamentals.

The Haib Copper deposit hosts an impressive 850 million tonne resource grading 0.31% copper. The PEA, based on a $3.50/lb copper price, outlines an after-tax NPV of $1.3 billion and IRR of 36%. Koryx is now working to further enhance the project's economics through targeted drilling.

By drilling angled holes to target higher-grade vertical structures, Koryx has returned numerous intercepts well above the PEA cut-off grade of 0.25% copper. Highlights include over 200m @ 0.49% Cu with 94 metres at 0.61% Cu, and 20 metres at 0.76% CuEq including 4m @ 2.37% CuEq. An updated resource estimate incorporating this drilling is expected by mid-2023, followed by a revised PEA.

Koryx is taking a disciplined approach to advancing Haib Copper Project, with plans for modest drill programs funded by periodic capital raises. The company is already engaging with major miners and private equity groups interested in partnering to eventually build out the project.

Exploration is also progressing at Koryx's earlier-stage projects in Zambia. The Luanshya West Project, where initial work identified numerous copper-cobalt anomalies, will see 2,000m of drilling in late 2024 to test new targets defined by a recent IP survey.

Both Namibia and Zambia are well-established mining jurisdictions, and the industry's biggest players are actively seeking new copper projects in the region. Haib's large size and scalability make it a highly attractive potential addition to the project pipelines of major miners facing a dearth of new copper supply.

With an experienced management team, a disciplined approach to growth, and multiple value drivers on the horizon, Koryx is well-positioned to create value for shareholders. The company's modest ~C$20 million market cap provides ample room for upside as the copper narrative gains momentum.

In summary, Koryx Copper presents a compelling opportunity for investors to gain exposure to the increasingly bullish copper market. With a large, advanced-stage asset being systematically de-risked and a pipeline of earlier-stage growth projects, Koryx offers multiple avenues to value creation. The company is expected to deliver steady news flow over the coming 12+ months as it advances Haib towards development and progresses exploration in Zambia.

View Koryx Copper's company profile: https://www.cruxinvestor.com/companies/koryx-copper

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