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June 2026
Windhoek Observer
Koryx Coppersigned a memorandum of understanding with NamPower forbulk electricity supply connection to Haib Copper Project
Source
“Koryx Copper says it has made significant progress on infrastructure planning for its flagship Haib Copper Project in southern Namibia, including signing a memorandum of understanding with NamPower for a bulk electricity supply connection and advancing plans for water supply from the Orange River.”
“The Haib Copper Project, developed by Koryx, also progressed through feasibility and development planning stages, with the company targeting a long-life copper operation.”
Koryx Copperreportedexceptional results from drilling at Haib Copper project
Source
“Luxembourg-registered copper development company Koryx Copper S.A. has reported exceptional results from drilling at its flagship Haib Copper project in southern Namibia.”
Koryx Copperhas fileda new technical report for its Haib Copper Project with updated mineral resource estimate
Source
“Koryx Copper S.A. has filed a new technical report for its wholly owned Haib Copper Project in southern Namibia, including an updated mineral resource estimate for the project.”
Koryx Copperhas indicated it is working with NamWater to assessOrange River and Neckartal Dam as potential water sources
Source
“Koryx Copper has previously indicated that it is working with NamWater to assess both the Orange River and Neckartal Dam as potential water sources for the project.”
Koryx Copperupdatedmineral resource estimate for Haib Copper Project in Namibia
Source
“LUXEMBOURG-domiciled copper development company Koryx Copper SA has updated its mineral resource estimate for the Haib Copper Project in southern Namibia.”
Koryx Copper has signed a memorandum of understanding with NamPower for bulk electricity supply to its Haib Copper Project in southern Namibia and is advancing water supply plans from the Orange River. The project will use a hybrid power system combining national grid electricity, solar generation, and potential battery storage, designed to meet an estimated peak demand of 152 MVA and annual consumption of about 1,131 GWh, with a pre-feasibility study expected later this year.
Why it matters
Koryx's grid agreement advances a major copper project essential to Namibia's economic diversification and mining sector growth.
Koryx Copper has signed a memorandum of understanding with NamPower for bulk electricity supply to its Haib Copper Project in southern Namibia and is advancing water supply plans from the Orange River. The project will use a hybrid power system combining national grid electricity, solar generation, and potential battery storage, designed to meet an estimated peak demand of 152 MVA and annual consumption of about 1,131 GWh, with a pre-feasibility study expected later this year.
Namibia's mining sector sustained more than 166,000 direct and indirect jobs in 2025, with member companies employing 8,201 people in permanent positions and 97% of those roles filled by Namibians. The sector contributed N$7.96 billion in total wages and N$1.5 billion in PAYE tax, while spending N$23.97 billion on locally sourced goods and services.
Koryx Copper S.A. reported exceptional results from 17 drill holes at its Haib Copper project in southern Namibia, with consistent wide intercepts of up to 599m and copper equivalent grades exceeding average mineral resource estimate, including byproduct credits from gold and molybdenum.
Koryx Copper has filed a new technical report with an updated mineral resource estimate for its Haib Copper Project in southern Namibia, prepared by independent consultants. The company plans to publish a new preliminary economic assessment by the end of Q2 2026 and complete 50,000 metres of additional drilling by summer 2026 to support a prefeasibility study expected in Q4 2026.
The Chamber of Mines of Namibia reports that major mining projects including the Tumas Uranium Project, Twin Hills Gold Project, and Etango Uranium Project continued to progress in 2025, supporting the sector's role as a main economic driver, though rising policy uncertainty is starting to affect investor confidence.
Ongwe Minerals Inc, a Canadian-listed gold exploration company operating in Namibia, has listed on the Namibia Securities Exchange under the symbol "ONG" with trading commencing on 15 April. The dual listing is designed to allow local and institutional investors easier access to the company's shares and upcoming capital raises.
NamWater is pursuing environmental clearance from the Ministry of Environment and Tourism to build water infrastructure, including a large-scale off-channel storage dam, to supply Koryx Copper's proposed Haib copper mining project in the ||Kharas region with around 20 million cubic metres of water annually from the Orange River. The project is expected to create up to 3,500 jobs during construction and around 1,350 during operations.
Koryx Copper SA has released an updated mineral resource estimate for the Haib Copper Project in southern Namibia, showing a significant increase in copper-equivalent grade to 0.4% (from 0.34%), an increase in total contained copper from 2.6 to 3.5 metric tonnes, and an extension of project life-of-mine from 24 to over 35 years, partly due to the inclusion of molybdenum and gold by-products.
Canadian mining company Koryx Copper has announced positive results from 13 drill holes at its Haib Copper Project in southern Namibia, with infill holes showing intersection widths and copper grades exceeding expectations. The company is conducting a 55,000-meter drill programme to be completed by end of July 2026, aiming to support a pre-feasibility study update in the second half of 2026.
Koryx Copper is raising C$25 million (approximately N$300 million) through a share offering to advance technical studies and exploration on its Haib Copper Project in southern Namibia. The offering is expected to close on or near 20 January 2025, subject to regulatory approvals.