Emerging copper miner Koryx appoints new president, COO
TSX-V-listed Koryx Copper has appointed Heye Daun president and CEO effective immediately.
Daun will also retain his position as chairperson.
He succeeds Pierre Léveillé who is stepping down as president but remains on the board as executive director.
Koryx has also appointed Trevor Faber as COO of the company, who Daun says is a highly experienced mining engineer and project specialist with a wealth of experience in copper and base metal project delivery in Africa.
Faber previously worked as a projects and operations executive for Metorex, which owns the Ruashi copper and cobalt mine in Democratic Republic of Congo, as well as project manager of the the Blue Ridge Platinum mine in South Africa.
He will now oversee the growth of Koryx’s Haib copper project, in Namibia, as well as direct all of the company’s technical activities.
Commenting on Léveillé stepping down as president of the company, Daun says he helped to lead transformation in the company to a point where it can demonstrate the technical and economic feasibility of the Haib project as the next great copper development asset in Africa.
Daun plans to build on Léveillé’s work by concluding financing for the project, building a competent management team and advancing the project to construction in as short a timeframe as possible.
The project, which is currently in preliminary economic assessment stage, comprises copper and molybdenum deposits in southern Namibia, with more than 70 000 m of drilling having been conducted on the project since the 1970s.
Mineralisation at Haib resembles a porphyry copper deposit, which are mostly found in the Americas.
The project currently has a mineral resource of 414-million tonnes grading 0.35% copper, for 1.4-million contained tonnes in the indicated category; and 345-million tonnes grading 0.33% copper for 1.13-million tonnes of contained copper in the inferred category.
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