Koryx Copper S.A. (TSX: KRY.V) (NSX: KYX) (OTCQB: KRYXF) filed a technical report containing an updated mineral resource estimate for its Haib Copper Project in southern Namibia, according to a company statement.

The report, effective March 16, 2026, was prepared by The MSA Group (Pty) Ltd. and replaces the company's October 2025 Preliminary Economic Assessment. Koryx plans to publish a new preliminary economic assessment by late second quarter 2026.

The company expects to complete 50,000 meters of additional drilling before summer 2026. Results will be incorporated into another mineral resource estimate update to support a prefeasibility study planned for fourth quarter 2026.

Koryx approved the grant of up to 2,410,000 restricted share units to executives, officers, consultants and directors. Half of the units will vest 12 months from issuance, with one-quarter vesting after 18 months and 24 months respectively.

The company announced that Chief Operating Officer Trevor Faber accepted a senior project role with another mining company. Koryx initiated a succession process and will provide updates on a new COO appointment.

The Haib project is a copper, molybdenum and gold porphyry deposit that has undergone more than 120,000 meters of drilling since the 1970s. Previous exploration programs were conducted by Falconbridge, Rio Tinto and Teck.

Koryx Copper is a Luxembourg-based company focused on advancing the Haib project while building a portfolio of copper exploration licenses in Zambia.