Kodiak’s 100% owned, Kahuna Diamond Project in Nunavut, Canada:
- Hosts a high-grade, near surface inferred diamond resource of 4 million carats, in two kimberlite dikes at an average grade of 1 carat per tonne (cpt), with significant expansion potential (see Kahuna Resource Estimate).
- Hosts numerous kimberlite pipe targets, defined in collaboration with the company’s advisor Dr. Chuck Fipke, who discovered Canada’s first diamond mine at Ekati, NWT.
Kodiak acquired the project in 2014 and has benefited from CAD $30 million of exploration work spent on the property by previous owners. Combining this data with Kodiak’s own sampling, trenching and drilling positions the project well for the next major kimberlite pipe discovery. Kodiak is currently evaluating strategic options for the Kahuna project.