11:33 AM EDT, 09/04/2025 (MT Newswires) -- Koryx Copper ( KRYXF ) fell 3.9% Thursday after updating the preliminary economic assessment (PEA) for its 100%-owned Haib copper project in southern Namibia, based on the 2024 mineral resource estimate.

Koryx said the PEA outlines US$1.56 billion of upfront construction capital, $543 million of sustaining capital, and production of copper and molybdenum concentrate through a 28-million-tonne-per-year conventional crushing, milling and flotation process.

The company said the permitting process is underway, with a Namibian mining license application submitted and environmental and social impact assessments proceeding.

Koryx shares were last seen at $0.99 on the TSX Venture Exchange, down $0.04.

Price: 0.99, Change: -0.04, Percent Change: -3.88