MPD

MPD Initial Mineral Resource Estimate

Part 1 of mineral resource estimate from four of seven mineralized zones (part 2 will be released in Q4/2025):

0.20 % CuEq Cut-off Grade
CuEq = Cu(%) + Au(g/t) x 0.6606 + Ag(g/t) x 0.0069.
Based on: Cu Price 4.2 US$/lb, 82% Avg. Recovery. Au Price 2,600 US$/oz, 60% Avg. Recovery. Ag Price 30 US$/oz, 54% Avg. Recovery.
New Release 2025-06-25

Cut-off grade sensitivity scenarios:

CuEq = Cu(%) + Au(g/t) x 0.6606 + Ag(g/t) x 0.0069.
Based on: Cu Price 4.2 US$/lb, 82% Avg. Recovery. Au Price 2,600 US$/oz, 60% Avg. Recovery. Ag Price 30 US$/oz, 54% Avg. Recovery.
New Release 2025-06-25

Project Overview

• 100% owned, large land package (344 km²) in South-Central British Columbia, Canada. In an active mining region in the Quesnel terrane, British Columbia’s primary copper-producing belt. Adjacent to paved highways and with excellent infrastructure
• The MPD Project was consolidated from multiple contiguous land packages since 2019, some of which have seen significant historic exploration—forming a large porphyry district that has never before been explored as a single project with modern methods
• Nicola Belt geology with similar characteristics to the neighbouring alkalic porphyry systems at Hudbay’s Copper Mountain Mine to the south and New Gold’s New Afton Mine to the north

MPD Exploration

• Historic drilling: 470 drill holes (>66,000m) completed since the 60’s by previous operators. Copper and gold drill-confirmed across a large area. Mineralization from surface, historic drill holes rarely tested below 200m vertical depth
• 148 drill holes (84,119m) completed since 2019 by Kodiak Copper
• Discovery of the Gate Zone in Kodiak’s 2019 maiden drill program
• In 2020, transformative discovery of a high-grade copper-gold zone within wider mineralized envelope of significant size at the Gate Zone, highest grades in the 70-year+ history of property
• Best intercept of 535m of 0.49% copper and 0.29 g/t gold, including 282 m of 0.70% copper and 0.49 g/t gold, including 45.7 m of 1.41% copper and 1.46 g/t gold 
• Large drill programs in 2021 & 2022 (in total 48,000m) significantly extend the Gate Zone discovery to 1km x 350m, 900m depth and still open. Drilling continued to highlight significant copper-gold grades over substantial intervals
• The 2023 & 2024 programs drill-tested multiple targets, aiming to build critical mass and demonstrate MPD’s size potential. Results have significantly expanded mineralization at the Adit, West, Man and South Zones
• Kodiak’s exploration programs have shown that MPD hosts multiple kilometre-scale mineralized zones across the property, which include mineralization starting from surface and significant high-grade zones
• In 2025 Kodiak is delivering a National Instrument 43-101 compliant initial resource estimate for MPD. The estimate for the first four mineralized zones already highlights the project’s scale and potential. Drilling is underway on the remaining three zones and results will be incorporated into the full resource estimate, expected by year end.

• With known mineralized zones open to expansion and more target areas yet to be tested ongoing exploration is planned.
• Multi-phased environmental work plan includes water quality, hydrology, migratory/nesting bird, species at risk and incidental wildlife surveys. Progressive reclamation of all drill sites
• Active engagement and information sharing with local First Nations. Local sourcing of supplies and services
• Heritage surveys are conducted by local First Nations at all proposed work sites prior to any ground disturbance
• We respectfully acknowledge that the MPD Project is located on the unceded homeland of the Nlaka’pamux, Smelqmix and Syilx Okanagan Peoples’

MPD Copper-Gold Porphyry Project

Photo Gallery

West Zone AXE-23-001 – Altered andesite volcanoclastic breccia w/ quartz-chalcopyrite-pyrite disseminated and as patches in matrix

West Zone AXE-23-002 – Example a – Fragmental polymict breccia incl. chalcopyrite mineralized clasts in potassic altered rock flour matrix w/ disseminated to blebby chalcopyrite and pyrite

West Zone AXE-23-002 – Example b – Fragmental polymict breccia incl. chalcopyrite mineralized clasts in potassic altered rock flour matrix w/ disseminated to blebby chalcopyrite and pyrite

Aerial View of Beyer Trench

Beyer Zone Trenching

Drilling at MPD

Core logging at Kodiak’s facility in Merritt, BC

Team viewing core at Kodiak’s facility in Merritt, BC

Team at Kodiak’s facility in Merritt, BC

Drilling at Gate Zone, MPD

Malachite at Prime Zone, MPD

Field crew in historical trench at Man Zone, MPD

Cu Oxide in historical trench at Prime Zone, MPD

Kodiak team investigating copper oxide at Prime Zone, MPD

Field crew examining copper exposure at Prime Zone, MPD

VP Exploration Jeff Ward and Field crew with Cu Oxide boulders at Prime Zone

Trench at Prime Zone, MPD

MPD Prospecting

VP Exploration, Jeff Ward investigating altered outcrop exposure at Prime Zone, MPD

Malachite at Prime Zone, MPD

Kodiak team investigating copper oxide at Prime Zone, MPD

VP Exploration Jeff Ward, examines anomalous copper mineralization at Prime Zone, MPD

Chairman Chris Taylor and VP Exploration Jeff Ward examine core at the MPD office in Merritt, BC

MPD-20-004 Core: Strongly Mineralized Quartz Veining with Chalcopyrite

MPD-20-004 Core: Strongly Altered Porphyry with Semi-Massive Sulphide Veining Dominated by Chalcopyrite

MPD-20-005 Core: Strongly Mineralized Quartz Veining with Chalcopyrite

MPD-20-005 Core: Strongly Altered Porphyry with Sulphide Veining Dominated by Chalcopyrite

MPD-21-006 – Strongly Mineralized Hydrothermal Breccia with Chalcopyrite-Pyrite.

MPD-21-009 – Bornite-Dominated Copper Mineralization as Disseminations and in Late Quartz Veining.

Dave Skelton, P.Geol, Vice President Exploration is the Qualified Person as defined by National Instrument 43-101, and has approved and verified the technical information produced by Kodiak in news releases and on this webpage. Historic data referenced herein is believed to be from reliable sources based on Kodiak’s review of available documentation and select verification work. However, the Company has not independently validated all historic work, and the reader is cautioned about its accuracy.