Kodiak Copper - Exploring a Potential Major Copper District in BC

• Kodiak Copper is focused on exploring the MPD copper project in southern British Columbia, drilling multiple new targets in 2023 beyond the initial Gate zone discovery.
• The aim is to find additional high-grade zones and build scale, with 10 billion pounds of copper being a good target size for attracting major mining companies.
• Recent drilling has intersected long mineralized intervals and promising breccia textures, indicating potential for more high-grade mineralization at depth.
• The Gate zone discovery hole assayed 0.76% copper equivalent over 533 meters, with additional drilling finding zones grading 0.2-0.4% copper equivalent.
• Kodiak is funded for ongoing drilling into 2023, with the goal of generating exceptional results to support future financings even in challenging markets.

About Kodiak Copper

Kodiak Copper is a Canadian mineral exploration company focused on expanding the MPD copper-gold porphyry project in southern British Columbia. Led by a management team with extensive exploration expertise, Kodiak is systematically exploring a large, consolidated land package in a historic mining region in pursuit of new high-grade copper and gold discoveries.

Kodiak Copper is headquartered in Vancouver, Canada and has been listed on the TSX Venture Exchange since 2018. The company is led by President and CEO Claudia Tornquist, who has over 25 years of experience in the resource industry. Kodiak’s primary asset is the 100% owned MPD copper-gold porphyry project in southern BC. The 14km2 MPD land package is located near several operating mines in the Quesnel Trough porphyry belt, including the Copper Mountain mine directly adjacent to MPD. The project has significant infrastructure in place, including road access, electricity and a skilled local workforce.

Interview with Claudia Tornquist, President & CEO of Kodiak Copper

Systematic Exploration Targeting New Discoveries

In 2019, Kodiak made a high-grade copper-gold discovery at the Gate Zone, intersecting 5.3% CuEq over 533m. Kodiak is taking the successful exploration strategy used at the Gate Zone and applying it systematically across MPD to unlock the potential of the entire property. For 2022, the company has an up to 25,000m drill program focused on testing five high priority regional targets away from the Gate Zone. Kodiak has already reported promising results from the first target, the West Zone, indicating potential for significant mineralization. Assay results will continue to come in steadily over the coming months.

Proven Exploration Strategy

Unlike previous exploration at MPD targeting only shallow mineralization, Kodiak is taking a different approach by drilling deeper holes under the little-explored historic drilling. This strategy paid off with the discovery of exceptionally high grades at the Gate Zone starting at 200m depth, well below the average 100m depth of historic drilling. By applying this methodology across multiple targets, Kodiak aims to demonstrate the potential for numerous high-grade zones across the under-explored MPD property.

Advancing Towards Critical Mass

With the Gate Zone, Kodiak has already outlined an initial mineral resource containing an estimated 500 million pounds of copper equivalent. However, large mining companies typically look for projects containing at least 5 to 10 billion pounds of copper equivalent resources. Kodiak’s extensive 2023 drill campaign aims to significantly expand the current resource base and advance MPD towards the scale needed to attract a major partner. The company also intends to further enhance economics through additional high-grade discoveries across MPD.

Significant Infrastructure Advantages

MPD is located in a historic mining region with well-established infrastructure. This provides Kodiak with readily available access to water, electricity, highways and a skilled local workforce. The project’s location next to producing mines also gives the company tangible examples of viable operations in the region. For instance, the neighboring Copper Mountain mine is operating profitably at a reserve grade of just 0.23% copper. Such benchmarks demonstrate MPD’s potential to become an economic mining operation.

Well-Positioned Financially

Despite challenging market conditions, Kodiak remains well financed thanks to continued support from a strategic investor. The company ended 2022 with approximately $8 million in cash and is funded into 2023, providing financial flexibility. This puts Kodiak in a strong position to continue advancing MPD without requiring dilutive financings in the near term.

Upside from Higher Copper Prices

With copper in a multi-year structural deficit, prices are expected to trend higher in the coming years as demand continues rising from the green energy transition. As an emerging copper explorer, Kodiak provides leveraged exposure to higher copper prices which directly translate into higher potential valuations.

Conclusion

With systematic exploration ongoing at MPD, Kodiak Copper offers investors exposure to new potential copper discoveries in a proven mining jurisdiction. The experienced team is executing the same effective methodology which led to the initial high-grade Gate Zone discovery. Upcoming assay results will indicate if this successful strategy can unearth additional zones of significant mineralization. Supported by strategic investors and a healthy treasury, Kodiak is in a strong position to create value for shareholders through new discoveries aimed at building critical resource mass. As it advances MPD towards development, investors could see substantial upside in Kodiak as this large, underexplored land package continues opening up to reveal its copper-gold potential.