Koryx Copper S.a. · TSXV:KRY
Koryx Copper — Investor Presentation (October 2026)
31 slides from Koryx Copper's investor presentation, Oct 13, 2026
Slide 1: Advancing a world-class Cu project in Namibia
INVESTMENT HIGHLIGHTS Advancing a world-class Cu project in Namibia Simple, scalable, near term. Low risk, low cost, long life. Investor Presentation – October 2026
Slide 2: Forward Looking Statements & Disclaimer
F O R W A R D LOOKING STATEMENTS & DISCLAIMER This document has been prepared by Koryx Copper Inc. (“Koryx Copper” or the “Company”) solely for the use in the presentation being given in connection with the recipient’s evaluation of the Company which is defined and outlined further herein. This docu
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS 1. E x c e l l e n t H a i b O p e n - P i t C u P r o j e c t: Formerly Rio Tinto and Teck owned, >120km of historical drilling plus +55km infill drill program underway. Updated PEA & technical studies completed in 2025. 2. T e c h n i c a l l y S i m p l e , S t r o n g E c o
Slide 4: A Proven Track Record of Success in Namibia
A P R O V E N T R A C K R E C O R D O F S U C C E S S IN N A M I B I A Highly successful business partnership between Heye Daun and Alan Friedman. Delivered significant shareholder value through 4 s u c c e s s f u l m i n i n g d e a l s s i n c e 2011. E x e c u t i o n - f o c u s s e d , r e
Slide 5: Capital Structure
CAPITAL STRUCTURE CAPITAL STRUCTURE SHAREHOLDER OVERVIEW SIGNIFICANT SH A RE H O LD E RS Share Price (Oct 09, 2026) C$3.51 Institutions, Strategics, Ross Beaty 52-Week Trading Range C$1.47-3.90 & HNW 26% Management & Namibian HNW Basic Shares Outstanding 121.5 (est.) Options Outstanding 0.62m R S U
Slide 6: Experienced Leadership & Technical Team
E X P E R I E N C E D L E A D E R S H I P & TECHN ICA L TEAM Executive Leadership Team Lionel Coetzee Namibia Country Manager Heye Daun Charles Creasy Steve Burks Alan Friedman Tony Da Silva Lionel Coetzee VP Project & Corp. Senior Met Study President & CEO Chairman CFO Country Manager Development D
Slide 7: Namibia – A World-Class Mining Jurisdiction
N A M I B I A – A W O R L D - C L A S S MIN IN G J U R I S D I C T I O N S T A B L E & MINING F R I E N D L Y Stable democracy, independent judiciary, diverse economy Transparent system of mineral & surface title Strong political and social support of mining with stated ambitions to develop mi
Slide 8: Namibia – Tectono-Stratigraphic Setting
NAMIBIA – TECTONO-STRATIGRAPHIC SETTING Haib is a large, world-class, advanced open-pit Cu/Mo/Au porphyry deposit with a long history of exploration & project development One of a few Paleoproterozoic porphyry copper deposit in the world (two in Namibia). E x c e l l e n t p e d i g r e e ( F a
Slide 9: Haib Copper Project: Aerial View Looking East
HAIB CO P P E R PROJECT: AERIAL VIEW LOOKING EAST Approximate Future Open Pit Outline TSXV:KRY 9
Slide 10: Haib Project: Latest Drill Results (September 2026)
LATEST DRILL RESULTS (SEPTEMBER 2026): CuEq% BASIS HM178 HM124 318m @ 0.49% 94m @ 0.42% HMRC001 Including Including HM130 220m @ 0.40% 16m @ 0.75% 16m @ 0.66% HM199 132m @ 0.41% Including 224m @ 0.51% Including 8m @ 0.60% Including 18m @ 0.53% 26m @ 0.70% HM137 162m @ 0.46% Including 6m @ 1.47% HM19
Slide 11: Conceptual Process Flowsheet (Milling/Flotation & Heap Leach)
C O N C E P T U A L P R O C E S S F L O W S H E E T (MILLING/FLOTATION & H E A P LE A CH ) L o w - r i s k m e t a l l u r g i c a l p r o c e s s of Milling & Classification crush/mill/flotation of the higher grade material producing a clean Cu/Mo/Au ROM Ore CPF in concentrate Crushing & Screenin
Slide 12: Haib Copper Project: September 2025 PEA Highlights
H A I B C O P P E R P R O J E C T : S E P T E M B E R 2025 P E A H I G H L I G H T S Conventional open pit with 1.8 stripping ratio 28mtpa conventional mill/float (>0.225% Cu) + 7mtpa Heap Leach (>0.15% Cu) PEA based on historical MRE, with significant future upside (pending completion of 55,0
Slide 13: Technical Strategy
TECHNICAL STRATEGY Specialist mining & engineering consultants largely based in Namibia or South Africa, directed by proven Koryx Owners team with a fifteen (15) year track record of successful Namibian mine development and project exits. 1. Right-size & Optimize: Fi x process route by reverting b
Slide 14: PFS Process Design Optimisation Since PEA
P F S P R O C E S S D E S I G N O P T I M I S A T I O N S I N C E P E A ( O C T - 26) Oct-25 PEA Final Throughput Increase Sorting & CPF PFS Debottlenecking Oct- Mar May Aug- 25 -26 -26 26 TSXV:KRY 14
Slide 15: Haib PFS Conceptual Site Layout
HAIB P F S C O N C E P T U A L SITE LAYOUT TSXV:KRY 15
Slide 16: Haib Project Site Layout (AI Generated)
HC A OINBCM E PI NT EURAALL HRAEISBOPUFRS CPEREOSJTEI M C TA ST IET E L A Y O U T (AI G E N E R A T E D ) TSXV:KRY 16
Slide 17: Indicative Development Schedule
INDICATIVE DEVELOPMENT S C H E D U L E Aiming to deliver upsized P F S & significant further de-risking by end 2026 Permitting, DFS, Project financing to commence post P F S into 2027 Review of strategic options once major permitting concluded around mid 2027 2025 2026 2027 2028 ADVANCED EXPLO
Slide 18: Responsible Mining Is Good Business
R E S P O N S I B L E MIN IN G I S G O O D B U S I N E S S D e v e l o p i n g a s u s tai n ab i l i ty p l a n a n d i m p l e m e n t a t i o n r o a d m a p That is materiality-driven and considers compliance, risk, stakeholder and investor expectations, best practices and business strategy Sust
Slide 19: Community Development Highlights
COMMUNITY DEVELOPMENT HIGHLIGHTS In 2025, Koryx set up the Haib Foundation, with a focus on education, training and skills development. Key projects include: 1. E a r l y c h i l d h o o d d e v e l o p m e n t : During 2026, upwards of 250 children, aged six and younger, are being supported at this
Slide 20: Koryx PEA Valuation Benchmarking – P/NAV
K O R Y X P E A VALUATION BENCHMARKING – P / NAV Copper Developers Junior Copper Producers Intermediate Copper Producers 1.22x 1.07x 1.09x 1.05x 0.97x 0.91x 0.88x 0.71x 0.58x 0.59x 0.53x 0.55x 0.42x Developers Median: 0.28x 0.33x 0.28x 0.30x 0.24x 0.25x 0.19x 0.19x 0.19x 0.23x 0.13x Caravel Ero Copp
Slide 21: Investment Highlights
INVESTMENT HIGHLIGHTS Namibian Cu mine development company focused on advancing its 100% o w n e d , H a i b C o p p e r P r o j e c t , whilst also building a portfolio of copper exploration licenses in Zambia. Highly Capable Team Multi-e x i t t r a c k r e c o r d in capital markets, mining pro
Slide 22: Thank you
R E C E N T P R E - MIN IN G I N D A B A 2025 S I T E V I S I T W I T H I N V E S T O R S & A N A L Y S T S Thank you TSXV:KRY 22 Picture taken during Investor Site Visit
Slide 23: Ideal Infrastructure Location and PEA Site Layout
IDEAL INFRASTRUCTURE LOCATION A N D P E A SITE LAYOUT G ri d P o w e r Existing Grid power close to site (to be upgraded) • Application for NamPower to conduct a capacity assessment to connect to the 220kV line 45km from the plant site • 150MW p o w e r d e m a n d sufficient grid power available fr
Slide 24: Haib Mineral Resource Estimate (March 2026)
H A I B M I N E R A L R E S O U R C E E S T I M A T E ( M A R C H 2026) Mlbs kt CuEq Mo Mo Tonnes Cu Grade Mo Grade Au Grade Cu Content Cu Content Au Content Category Type Grade Content Content (Mt) (%) (ppm) (g/t) (%) (Mlbs) (Mlbs) (kt) (kt) (koz) Total High Grade (>0.25% Cu) 389 0.36 69 0.02 0.40
Slide 25: Haib Benchmarking – Capital Intensity
HAIB BENCHMARKING – CAPITAL INTENSITY (MAJOR AND NON-MAJOR C O N T R O L L E D PROJECTS) LO M C A P I T A L I NT E NSIT Y (US$/ktpa Cu) T e c h n i c a l R e p o r t >3 Y e a r s 45,000 C o n n e c t i o n to a Major 40,000 35,000 30,000 25,000 ( U S $ / k t p a Cu ) 20,000 $17,702 15,000 10,000 5,0
Slide 26: Haib Benchmarking – Positioning on Industry Copper Cost Curve
HAIB B EN CHMA RK ING – POSITIONING ON INDUSTRY C O P P E R C O S T C U R V E $6.00 $5.00 $4.00 $3.00 Haib AISC AISC (US$/lb Cu) (first 10 years): US$2.02/lb $2.00 $1.00 -- 25% - 50% - 75% - - - - ($1.00) ($2.00) Paid Copper (mm lbs Cu) S o u r ce: Wood Mackenzie 2026E Copper Cost Curve Note: Cost c
Slide 27: Our People
OUR PEOPLE TSXV:KRY 27
Slide 28: Board of Directors
BOARD OF DIRECTORS Heye Daun is a successful Alan Friedman (BCom, Charles Loots is a Alfredo Luis Riviere Cristina Lara has been Tarik El Hanch has been mining entrepreneur who BProc) is a South African Namibian resident with 24 Rodriguez has over 28 years’ serving as Director for serving as Directo
Slide 29: Haib Regional Exploration Potential
HAIB REGIONAL EXPLORATION POTENTIAL Regional Targets Satellite imagery and hyperspectral data with various historical regional datasets, including stream sediment & soil geochem • Extensive historical regional (point data) and I P gridded data (larger area and single lines) exploration, particularly
Slide 30: Conceptual Processing Plant & Site Layout
C O N C E P T U A L PROCESSING PLANT & SITE LAYOUT TSXV:KRY 30
Slide 31: Forward Looking Statements & Disclaimer
F O R W A R D LOOKING STATEMENTS & DISCLAIMER This document has been prepared by Koryx Copper Inc. (“Koryx Copper” or the “Company”) solely for the use in the presentation being given in connection with the recipient’s evaluation of the Company which is defined and outlined further herein. This docu