01:33 PM EDT, 09/03/2025 (MT Newswires) -- Koryx Copper ( KRYXF ) on Wednesday said exploration drilling at the Haib Copper Project in Namibia showed some high-grade mineralization.

The company said best results from hole HM90 included 110 meters testing at 0.7% copper, including 36 meters testing at 1.42% copper.

It also said Namibia's Ministry of Mines approved a two-year extension of the company's exploration license for the property.

"I am very pleased by two unrelated but equally significant developments at the Haib project. The first one is a very significant, high-grade drill result in drill hole HM90, and the second one is the approval of our EPL renewal application for another 2 years, in conjunction with the submission of our mining license application." chief executive Heye Daun said,

Koryx Copper ( KRYXF ) shares were last seen up $0.07, or 7.1%, to $1.05 on the TSX Venture Exchange.

Price: 1.05, Change: +0.07, Percent Change: +7.14