Menu
Menu
Koryx Copper holds the option to acquire up to 80% of two Large Scale Exploration Licenses in the Copperbelt in Zambian. The Zambian Copperbelt makes up part of the larger Central African Copperbelt (CACB) which extends north into the Democratic Republic of Congo. The CACB is the world’s largest sedimentary rock hosted stratiform copper province and includes at least 14 giant deposits.
The licenses cover approximately 745 km2 in the heart of the Zambian Copperbelt, close to the western margin of the Kafue Anticline which hosts numerous significant copper deposits, including Nchanga (> 700 Mt @ ~2.5% Cu).
Zambia offers excellent infrastructure and the licenses are well located near the regional towns of Kitwe and Mpongwe. Zambia has a long tradition of mining, is a mining friendly jurisdiction and is very supportive. The President of Zambia recently stated that he will take measures to support the industry to grow the copper production from 800,000 tonnes per year to 3 million tonnes by 2031.
Zambian’s mining and exploration industry is very active with major, mid-tier and junior companies present, including Barrick, First Quantum, Rio Tinto, KoBold, Vedanta and Sino Metals.
The Licenses:
Luanshya West project (LEL 23246)
The licence is situated centrally on the western margin of the Zambian Copperbelt. The Large Exploration Licence covers 5,423.26 hectares (54 km2).
The project is located on the southeastern margin of the area known as the Chambishi or Kakontwe sub-basin where Lower and Upper Roan Subgroup rocks onlap onto the basement dome of the Kafue Anticline. Mineralisation along strike to the immediate northeast includes known deposits at Chibuluma and Chifupu. The Lower Roan rocks host most of the mineralisation in the area around the Chambishi basin and specifically within the footwall arenites. Additional prospectivity is interpreted in the licence area at the upper contact zone between the Mwashya Subgroup and lower Nguba Subgroup rocks.
The project area is close to established copper mines with Chibuluma mine about 35 km to the north-east, Chambishi mine 40 km north-northeast, Nchanga mine 55 km north-northwest and Luanshya mine some 40 km east-southeast from the centre of the project area.
Koryx Copper has completed regional airborne magnetic and satellite imagery data interpretations, geochemical soil sampling and selected induced polarisation (IP) and resistivity surveys. This work has highlighted a number of coincident copper (> 150ppm) +/- cobalt (> 75ppm) in soil and chargeability anomalies in favourable stratigraphic and structural settings. The use of Cu/Sc ratios also allows the discrimination between copper anomalism associated with the meta-sedimentary host rocks and intrusive (Mwashya) gabbroic sills.
The 2025 work program will focus initially on regolith mapping and detailed ground or airborne magnetics to better constrain structural controls along the basin margin in the area. In-fill soil sampling and/or additional IP/Resistivity surveys will be carried out if warranted prior to initial target drill testing.
Mpongwe project (LEL 23248)
The licence is situated to the southwest of the main Zambian Copperbelt. The Large Exploration Licence covers 67,500 hectares (675 km2).
The project overlies the southern half of one of the lesser known basement domes, the Mpongwe or Kabuche Dome, situated to the southwest of the Kafue Anticline and about 80 km southwest of the Luanshya mine. The company has undertaken initial satellite imagery and regional magnetic data interpretations and has identified an extensive historical exploration database which is being compiled and interpreted.
Preliminary interpretations by Koryx Copper and reviews of the available historical exploration data suggest that the geology of the area is more complex than the published countrywide geological map suggests. The Company believes this is an opportunity to apply new models and methods to the exploration of the area, which has only had a limited amount of drilling carried out in the past.
The 2025 work program will focus on validating historical exploration data and carrying out a re-interpretation of the available airborne geophysics. A thorough regolith mapping program will be undertaken in this area of poor outcrop and shallow rotary air blast (RAB) or aircore type drilling will be trialled in certain areas to better understand surface geochemistry and bedrock geology. Drill testing of initial geochemical and geophysical targets is planned in late 2025.
