Kodiak Reaches Key Milestone with Initial Mineral Resource Estimate at the MPD Copper-Gold Project

Rhea-AI Summary

Kodiak Copper (OTCQX: KDKCF) reported an initial Mineral Resource Estimate for the 100%‑owned MPD copper‑gold project effective December 9, 2025. The MRE covers seven deposits with a Total Indicated of 82.9 Mt @ 0.39% CuEq (≈519 Mlb Cu, 0.39 Moz Au) and Total Inferred of 356.3 Mt @ 0.32% CuEq (≈1,889 Mlb Cu, 1.28 Moz Au) using a 0.2% CuEq cut‑off. West and Adit host high‑grade mineralization from surface; South is a large, shallow bulk tonnage zone still underexplored. Sensitivity at lower cut‑offs shows materially higher tonnages and in‑situ metal. Next steps include a NI 43‑101 Q1 2026 filing, metallurgical results Q1, and resource expansion drilling starting Q2 2026.

Positive

• Initial MRE totals 2,408 Mlbs CuEq in situ across categories
• Indicated Resource of 82.9 Mt @ 0.39% CuEq
• Multiple deposits open for expansion in multiple directions
• Sensitivity: Indicated tonnage rises to 120.6 Mt at 0.12% CuEq

Negative

• Majority of inventory is Inferred: 356.3 Mt (lower confidence)
• Mineral Resources are not mineral reserves and lack demonstrated economic viability

News Market Reaction

-1.19%

1 alert

-1.19% News Effect

On the day this news was published, KDKCF declined 1.19%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Total Indicated resource: 82.9 Mt @ 0.39% CuEq Total Inferred resource: 356.3 Mt @ 0.32% CuEq Indicated copper content: 519 Mlb Cu +5 more

8 metrics

Total Indicated resource 82.9 Mt @ 0.39% CuEq MPD project maiden Mineral Resource, effective Dec 9, 2025

Total Inferred resource 356.3 Mt @ 0.32% CuEq MPD project maiden Mineral Resource, effective Dec 9, 2025

Indicated copper content 519 Mlb Cu Contained copper in Total Indicated MPD resource

Inferred copper content 1,889 Mlb Cu Contained copper in Total Inferred MPD resource

Indicated gold content 0.39 Moz Au Contained gold in Total Indicated MPD resource

Inferred gold content 1.28 Moz Au Contained gold in Total Inferred MPD resource

Base cut-off grade 0.2% CuEq Cut-off used for MPD Mineral Resource pit-constrained estimate

Copper price assumption $4.2/lb copper Metal price used in CuEq and pit shell optimization

Market Reality Check

Price: $0.8695 Vol: Volume 29,759 is 0.86x th...

normal vol

$0.8695 Last Close

Volume Volume 29,759 is 0.86x the 20-day average of 34,437, showing only modestly elevated activity. normal

Technical Shares at $0.5388 were trading above the $0.43 200-day moving average before this news.

Peers on Argus

Peers showed mixed moves, with METALLIC MINERALS up 7.57%, DRYDEN GOLD up 2.51%,...

Peers showed mixed moves, with METALLIC MINERALS up 7.57%, DRYDEN GOLD up 2.51%, while CANTERRA MINERALS fell 4.93% and DENARIUS METALS fell 1.81%. This dispersion suggests KDKCF’s reaction was more stock-specific than sector-driven.

Historical Context

5 past events · Latest: Dec 09 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 09	Maiden resource update	Positive	-1.2%	First MPD Mineral Resource across seven deposits with detailed CuEq metrics.
Dec 04	Listing upgrade	Positive	-6.5%	Upgrade to OTCQX Best Market aimed at better visibility and access for U.S. investors.
Nov 18	Marketing engagement	Positive	-2.4%	Hired Capital Analytica for six months of marketing ahead of the maiden MPD resource.
Oct 28	Metallurgical program	Positive	+2.4%	Initiated expanded metallurgical testwork on six MPD zones with results targeted for Q1 2026.
Oct 20	Project expansion	Positive	+9.3%	Acquired adjacent claims, expanding MPD to 357 km2 and launching 2,000-sample soil program.

Pattern Detected

Recent positive corporate and project milestones often saw mixed reactions, with both aligned gains and notable selloffs on otherwise constructive news.

Recent Company History

This announcement adds a maiden Mineral Resource Estimate for MPD, totaling 82.9 Mt Indicated @ 0.39% CuEq and 356.3 Mt Inferred @ 0.32% CuEq effective Dec 9, 2025. It follows the OTCQX upgrade on Dec 4, marketing engagement in mid‑November, expanded metallurgical testwork initiated in late October, and strategic claim acquisitions that grew MPD to 357 km2. Together, these events outline steady project derisking, corporate visibility improvements, and land/package growth ahead of detailed 2026 work programs.

Market Pulse Summary

This announcement provides a foundational Mineral Resource for MPD, with 82.9 Mt Indicated @ 0.39% C...

Analysis

This announcement provides a foundational Mineral Resource for MPD, with 82.9 Mt Indicated @ 0.39% CuEq and 356.3 Mt Inferred @ 0.32% CuEq at a 0.2% CuEq cut‑off. It follows prior steps including metallurgical testwork and strategic claim expansion, indicating steady technical and land‑position progress. Investors may watch for the planned NI 43‑101 report, Q1 metallurgical results, and 2026 resource‑expansion drilling as key checkpoints for advancing and potentially updating this initial estimate.

Key Terms

mineral resource, cut-off grade, ni 43-101, cim, +4 more

8 terms

mineral resource technical

"reports the initial Mineral Resource estimate at the Company's 100%-owned MPD"

A mineral resource is a naturally occurring concentration of minerals in the ground that is considered valuable and likely recoverable based on geological evidence and preliminary studies. For investors, it signals the potential size and worth of a deposit—like a marked treasure area on a map—while also carrying uncertainty about how much can actually be mined and at what cost, affecting project value and risk.

cut-off grade technical

"The MRE is defined using a cut-off grade of 0.2% CuEq."

The cut-off grade is the minimum concentration of a mineral in rock that makes extraction and processing economically worthwhile; material below that level is treated as waste. It sets the boundary between ore and waste and directly affects reported reserves, projected mine life, and expected profits. Think of it like deciding which fruit on a tree is worth picking after accounting for the time and cost to harvest — raising or lowering that threshold can change how much “good” product a project appears to have.

ni 43-101 regulatory

"as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects"

A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

cim technical

"using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), Definition Standards"

A CIM (Confidential Information Memorandum) is a detailed, private document prepared when a company is seeking buyers, investors, or financing; it lays out the business, finances, operations and risks in one organized package. Investors care because it’s like a deal brochure—providing the deeper facts and forecasts that help buyers assess value and risks before making an offer, so its contents can strongly influence price expectations and investment decisions.

copper equivalent technical

"Copper equivalence (CuEq) and constraining pit shells assume metal prices"

Copper equivalent is a single, standardized number that converts the value of all metals in a mineral deposit into the equivalent amount of copper, using current metal prices and processing recoveries. Think of it as putting different coins into one currency so you can compare the total worth at a glance; investors use it to assess and compare the economic attractiveness of mining projects and expected revenue per unit of ore.

lerchs-grossmann technical

"JDS produced Lerchs-Grossmann optimized pit shells at each project area"

The Lerchs-Grossmann algorithm is a mathematical method used in mining to define the economically recoverable portion of an ore deposit by selecting which blocks to include in an open pit based on metal prices, extraction and processing costs, and the deposit’s geometry. For investors it matters because the result converts a raw resource into estimated mineable reserves and potential cash flow—like deciding which fruit in an orchard is worth picking after accounting for harvesting costs and market price—so it directly affects project valuation and investment risk.

qualified person regulatory

"an Independent Qualified Person as defined by National Instrument 43-101"

A qualified person is someone with specialized knowledge, experience, and training in a particular field, allowing them to accurately assess and verify information or work. Their expertise helps ensure that reports, evaluations, or decisions are trustworthy and meet required standards. For investors, a qualified person provides confidence that the information they rely on is credible and properly validated.

nsr financial

"plus a 2% NSR; Kodiak may buy back 1% of the NSR for $1.75M"

NSR, or Net Service Revenue, is the total income a company earns from its core services after subtracting any discounts, refunds, or allowances. It reflects the actual money coming in from the main operations, similar to how a store’s sales revenue shows what it gains from selling products, minus returns or discounts. For investors, NSR provides a clearer picture of a company's true earning power from its primary business activities.

AI-generated analysis. Not financial advice.

Vancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - Kodiak Copper Corp. (TSXV: KDK) (OTCQX: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") reports the initial Mineral Resource estimate at the Company's 100%-owned MPD copper-gold project located in an established mining region in southern British Columbia. The Resource estimate for MPD includes seven deposits in total. Four deposits were previously reported in June (see news release June 25, 2025) and three are being reported today, to complete the full initial Mineral Resource estimate.

Highlights

• Large, open-pit copper-gold initial Mineral Resource estimate ("MRE") which shows the scale and potential of MPD and lays the foundation for future resource growth and development.

• The Initial MRE comprises seven deposits. Resource estimates for the West, Adit and South deposits are reported today, complementing the Resource estimates for the Gate, Ketchan, Man, and Dillard deposits announced in June. Figure 1

• The West, Adit and South deposits all feature shallow mineralization and favourable geometry, characteristics that are expected to support low strip ratios in future economic evaluations. West and Adit host high grade mineralization from surface, while South is a large bulk tonnage deposit over 1km in length that is still underexplored. Figure 2 & 3

• Total Indicated Mineral Resource: 82.9 million tonnes (Mt) grading 0.39% copper equivalent (CuEq) for 519 million pounds (Mlb) of copper (Cu) and 0.39 million ounces (Moz) of gold (Au). Table 1

• Total Inferred Mineral Resource: 356.3 million tonnes (Mt) grading 0.32% copper equivalent (CuEq) for 1,889 million pounds (Mlb) of copper (Cu) and 1.28 million ounces (Moz) of gold (Au). Table 1

• The MRE is defined using a cut-off grade of 0.2% CuEq. Sensitivity cases using lower cut-of grades typical of producing mines in the area have significantly higher tonnages and metal contents. Table 2

• All deposits remain open for expansion within and beyond the MRE pit shells, most in multiple directions and at depth. Kodiak's work in 2026 will be focussed on Resource growth. In addition, Kodiak intends to test some of the numerous underexplored targets on the MPD property which present opportunities to discover new mineralized zones.

Webinar: Tuesday, December 9th @ 9am PT (register here)

Join President & CEO Claudia Tornquist and Chairman Chris Taylor as they discuss the
Mineral Resource Estimate and future plans for Kodiak Copper's MPD Project

Claudia Tornquist, President and CEO of Kodiak said, "I am very pleased to share the resource estimate for the West, Adit and South zones today. These deposits will clearly play a key role in advancing MPD's overall economic potential. West and Adit in particular host high-grade mineralization right from surface, an important characteristic that positions these zones well as starter pits in a possible future mining scenario. Overall, MPD's maiden Resource shows considerable scale, strong growth potential and grades consistent with leading copper porphyry projects in North America. With multiple deposits, MPD offers unique optionality and flexibility for future development pathways. Add to this its strategic location in a well-established, low-cost mining district in southern British Columbia and MPD stands out as a highly promising project with clear economic potential."

Chris Taylor, Chairman of Kodiak said, "This maiden resource marks a key milestone in MPD's advancement toward becoming a major mine. With all deposits remaining open for expansion, I have no doubt that continued drilling will drive significant resource growth. It is also noteworthy how clearly the sensitivity cases at lower cut-off grades demonstrate the large in-situ metal endowment at MPD. Next year's exploration program will prioritize resource expansion and test multiple target areas with the potential to add meaningful tonnage to our existing deposits. We also plan to drill several promising copper and gold targets on the property, some supported by encouraging historic drill results, others defined using VRIFY AI-supported targeting. The large number of targets on the property, approximately 20 at current count, underscores MPD's remarkable prospectivity and the exciting opportunity for yet another major discovery."

Figure 1: MPD Project - Location map of Mineral Resources

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/277328_2d86ef4554a0b85f_002full.jpg

Initial Mineral Resource Estimate

The drill hole density in the South Zone, West Zone and central part of the Gate Zone was sufficient to develop a 82.9 Mt Indicated Resource grading 0.39% CuEq. Inferred Resources at the Man, Dillard, Ketchan, Gate, Adit, South and West Zones total 356.3 Mt with an average grade of 0.32% CuEq (see Table 1). The effective date for the MRE reported herein is December 9, 2025. Figure 2 shows the MRE pit shells that support the Reasonable Prospects of Eventual Economic Extraction (RPEEE).

Table 1: MPD Initial Mineral Resource Estimate

MPD Initial Mineral Resource Estimate
Zone	Resource Category	Tonnes	Average Grade				Metal Content				Date Reported
		(Mt)	Cu (%)	Au (g/t)	Ag (g/t)	CuEq (%)	Cu (Mlbs)	Au (Moz)	Ag (Moz)	CuEq (Mlbs)
Gate	Indicated	56.4	0.31	0.14	1.18	0.42	385	0.25	2.14	522	2025-06-25
West	Indicated	14.2	0.21	0.24	0.80	0.37	66	0.11	0.37	116	2025-12-09
South	Indicated	12.3	0.25	0.07	1.17	0.30	68	0.03	0.46	82	2025-12-09
Gate	Inferred	114.5	0.27	0.13	1.07	0.36	681	0.48	3.94	909	2025-06-25
Ketchan	Inferred	66.0	0.24	0.12	1.09	0.33	349	0.25	2.31	480	2025-06-25
Dillard	Inferred	51.9	0.20	0.09	0.39	0.26	229	0.15	0.65	298	2025-06-25
Man	Inferred	8.3	0.17	0.30	0.56	0.37	31	0.08	0.15	68	2025-06-25
West	Inferred	24.7	0.22	0.20	0.77	0.36	120	0.16	0.61	196	2025-12-09
Adit	Inferred	20.1	0.34	0.03	2.79	0.38	151	0.02	1.80	168	2025-12-09
South	Inferred	70.9	0.21	0.06	1.25	0.26	328	0.14	2.85	406	2025-12-09
Total Indicated		82.9	0.28	0.15	1.11	0.39	519	0.39	2.97	719	2025-12-09
Total Inferred		356.3	0.24	0.11	1.07	0.32	1,889	1.28	12.31	2,524	2025-12-09

 

Notes:
1. The Mineral Resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), Definition Standards for Mineral Resources and Reserves, as prepared by the CIM Standing Committee and adopted by CIM Council.
2. A cut-off grade of 0.2% CuEq was applied to the MRE models within the pit shells.
3. Pit shell optimization used average recoveries derived from metallurgical test work of Cu 82%, Au 60% and Ag 54%, exchange rate of 1.35 CAD:USD, mining cost of C$2.3/t, process cost of C$8.5/t, and pit slope of 45 degrees.
4. Copper equivalence (CuEq) and constraining pit shells assume metal prices (US$) of: $4.2/lb copper, $2,600/oz gold, $30/oz silver.
5. The copper equivalency equation used is: CuEq(%) = Cu(%) + Au(g/t) x 0.6606 + Ag(g/t) x 0.0069
6. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves in the future. The MRE may be materially affected by considerations including, but not limited to, permitting, legal, sociopolitical, environmental issues, market conditions or other factors.
7. All figures are rounded to reflect the relative accuracy of the estimate. Totals may not sum due to rounding as required by reporting guidelines.

Figure 2: MPD Project -Aerial View of Mineral Resource Block Models and associated RPEEE 3D pit shells

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/277328_2d86ef4554a0b85f_003full.jpg

Figure 3: MPD Project - Underground view of Mineral Resource Block Models and associated RPEEE 3D pit shells

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/277328_2d86ef4554a0b85f_004full.jpg

Sensitivity Cut-off Grades

In addition to the base case cut-off grade ("COG") of 0.2% CuEq a range of cut-off grades from 0.12% to 0.22% CuEq were applied to the Resource models to evaluate the potential effect on tonnage, grade and metal content (Table 2). Lower cut-off grade sensitivity cases demonstrate a notable increase in tonnage and in-situ metal, with a decrease in average grades. The values in the COG sensitivity cases are for comparison purposes only and should not be considered Mineral Resources.

Table 2: Cut-Off Grade Sensitivity Summary

MPD Initial Mineral Resource Estimate & Cut-Off Grade Sensitivity Scenarios
Cut-Off Grade	Indicated			Inferred
(CuEq %)	Tonnes (Mt)	CuEq (%)	CuEq (Mlbs)	Tonnes (Mt)	CuEq (%)	CuEq (Mlbs)
0.22	73.4	0.42	674	297.5	0.34	2,237
0.20	82.9	0.39	719	356.3	0.32	2,524
0.18	92.4	0.37	747	424.0	0.30	2,830
0.15	107.1	0.34	806	537.7	0.27	3,216
0.12	120.6	0.31	838	657.1	0.24	3,551

 

Notes: 1. Copper equivalence (CuEq) assumes metal prices (US$) of: $4.2/lb copper, $2,600/oz gold, $30/oz silver.
2. CuEq is based on average recoveries derived from metallurgical test work as applied in the pit optimization process. Average recoveries are: Cu 82%, Au 60% and Ag 54%.
3. The copper equivalency equation used is: CuEq(%) = Cu(%) + Au(g/t) x 0.6606 + Ag(g/t) x 0.0069

Next Steps

Kodiak is actively advancing the MPD Project through the following key work streams and upcoming catalysts in 2026:

• File NI 43-101 Technical Report on SEDAR+ - Q1
• Metallurgical test results - Q1
• Soil results and drill targets - Q1
• Resource expansion drilling - Q2 onwards
• Exploration drilling, testing new targets - Q2 onwards
• Geophysical programs - Q2 onwards
• Resource update - Q1 2027
• Ongoing structural studies
• Continued environmental baseline studies
• Ongoing engagement with indigenous rightsholders and local stakeholders

Estimation Methods for the South, West and Adit Deposits

The Resource estimate was completed by James N. Gray, P.Geo. of Advantage Geoservices Ltd., an Independent Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Mineral Reserves, adopted by CIM Council, as amended. Estimation methods for the South, West and Adit deposits are summarized below. The estimation methods for the Gate, Man, Dillard and Ketchan deposits are presented in the June news release (see news release June 25, 2025).

The West, Adit and South Resource estimates are controlled by lithology and alteration models based on a three-dimensional interpretation of drill results. Where appropriate, structural features were also included in the geological models. A total of 135 holes, completed by Kodiak and previous operators through 2025, have been used for grade estimation; 50 holes at West, 31 at Adit, and 54 at South. Sixty-seven of the 135 core holes drilled were completed under the supervision of Kodiak. To appropriately control the impact of outliers on copper, gold, and silver distributions, minor high-grade capping was applied to assay values prior to compositing at a length of three metres. Grades at all three project areas were estimated by inverse distance weighting. Block size was 10 x 10 x 10 metres for each deposit. Average rock densities were applied based on models of lithology. A total of 2,074 density measurements from core samples was used to assign average block densities. Bulk density values average 2.69 tonnes/m³ at West, 2.60 tonnes/m³ at Adit and 2.73 tonnes/m³ at South.

Block models were classified based on calculated drill spacing. Blocks were assigned as an Inferred Mineral Resource where drill spacing was less than 150 metres. At West and South, where more drill information has allowed a higher degree of confidence in the geologic model, blocks at a drill spacing of up to 70 m have been classified as Indicated.

Reasonable prospects of eventual economic extraction (RPEEE) were established by JDS Energy & Mining Inc ("JDS") to constrain the MRE. To consider the RPEEE, JDS produced Lerchs-Grossmann optimized pit shells at each project area using the following parameters: Cu US$4.2/lb, Au US$2,600/oz, Ag US$30/oz, an exchange rate of 1.35 CAD:USD, average recoveries of: 82% Cu, 60% Au and 54% Ag, slope of 45°, mining cost of C$2.30/t and an average process cost of C$8.50/t (including G&A). Recovery assumptions were determined by JDS from the initial metallurgical testwork conducted earlier this year. All material included in the MRE is contained within the optimized pit shells.

Quality Assurance and Quality Control procedures employed by Kodiak for the laboratory analysis of drill core included the inclusion of certified standards, blanks and duplicates. All Kodiak samples were sent for analysis to either ALS Canada Ltd or Activation Laboratories Ltd, both of which meet all requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015. The historic results included in the Mineral Resources were reviewed and are believed to be from reliable sources using industry standards at the time, however the company has not independently verified, or cannot guarantee, the accuracy of historical information. The historical results will be summarized in the accompanying NI 43-101 technical report.

Qualified Person

The MRE was prepared by James Gray, P.Geo., of Advantage Geoservices Ltd., with contributions from Tysen Hantelmann, P.Eng., of JDS Energy & Mining Inc. for cut-off grade and Pit Shell optimization and Shane Tad Crowie, P.Eng., of JDS Energy & Mining Inc., for metallurgical parameters, in accordance with the 2014 Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards and Canadian National Instrument 43-101 ("NI 43-101"). James Gray, Tysen Hantelmann and Shane Tad Crowie, are independent Qualified Persons as defined by NI 43-101 and have reviewed and approved the contents of this news release. Dave Skelton, P.Geo. (AB), Vice President Exploration and a Qualified Person as defined by National Instrument 43-101, has approved and verified the technical information used in this news release. The historic work referenced herein is believed to be from reliable sources using industry standards at the time, based on Kodiak's review of available documentation. However, the Company has not independently validated all historic work, and the reader is cautioned about its accuracy.

On behalf of the Board of Directors
Kodiak Copper Corp.

Claudia Tornquist
President & CEO

For further information contact:
Nancy Curry, VP Corporate Development
ncurry@kodiakcoppercorp.com
+1 (604) 646-8362

About Kodiak Copper Corp.

Kodiak is focused on advancing its copper porphyry projects in Canada and the USA, which host known mineral discoveries with the potential to hold large-scale deposits. Kodiak Copper's most advanced asset is the 100% owned MPD copper-gold porphyry project in the prolific Quesnel Terrane in south-central British Columbia, Canada, an established mining region with producing mines and excellent infrastructure. MPD exhibits all the hallmarks of a large, multi-centered porphyry district with the potential for future economic development. The initial Mineral Resource Estimate published in 2025 outlines seven substantial deposits and underscores the scale and potential of the project. All known deposits remain open to expansion, and numerous targets across the property have yet to be tested. Kodiak continues to systematically explore MPD's district-scale potential with the goal of delivering new discoveries and building further critical mass toward being the region's next mine.

Kodiak's founder and Chairman is Chris Taylor who is well-known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery Group led by John Robins, one of the most successful mining entrepreneurs in Canada.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement (Safe Harbor Statement): This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements concerning the Company's exploration plans. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.

Management has provided the above summary of risks and assumptions related to forward-looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277328

FAQ

What are the MPD Mineral Resource totals announced by Kodiak Copper (KDKCF) on December 9, 2025?

Kodiak reported Indicated 82.9 Mt @ 0.39% CuEq (≈519 Mlb Cu, 0.39 Moz Au) and Inferred 356.3 Mt @ 0.32% CuEq (≈1,889 Mlb Cu, 1.28 Moz Au).

What cut-off grade and metal prices were used for Kodiak's MPD MRE (KDKCF)?

The base case used a 0.2% CuEq cut-off and metal prices of US$4.20/lb Cu, US$2,600/oz Au, US$30/oz Ag.

Which MPD zones reported high‑grade mineralization from surface in the December 9, 2025 MRE for KDKCF?

The West and Adit zones host high‑grade mineralization starting at surface, noted as potential starter pits.

What are Kodiak Copper's near‑term catalysts for MPD following the December 9, 2025 MRE?

Key near‑term items: NI 43‑101 Q1 2026, metallurgical test results Q1, soil and drill targets Q1, and resource expansion drilling starting Q2 2026.

How does lower cut‑off grade affect MPD tonnage and metal content for KDKCF?

Sensitivity shows tonnage and in‑situ metal rise materially at lower cut‑offs; e.g., Indicated tonnage increases from 82.9 Mt (0.20% CuEq) to 120.6 Mt (0.12% CuEq).