# Kodiak Files NI 43-101 Technical Report: Initial Mineral Resource Estimate at the MPD Copper-Gold Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d Original source: https://money.tmx.com/en/quote/KDK/news/5106149877534850/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the Publisher: tmx Original announcement: 2026-01-23T14:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Kodiak Copper Corp. - Ticker: KDK - Exchange: TSX - Region: British Columbia - Primary commodity: Copper - Secondary commodities: Gold, Silver - Document categories: Resource update - Extracted: 2026-09-16 07:03:00 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Kodiak Copper Corp. has filed an initial NI 43-101 compliant Mineral Resource Estimate for its MPD Copper-Gold Project in British Columbia. The estimate outlines a large, open-pit resource comprising 82.9 million tonnes Indicated at 0.39% CuEq and 356.3 million tonnes Inferred at 0.32% CuEq, using a 0.2% CuEq cut-off. The MRE demonstrates significant copper and gold potential, with all deposits remaining open for expansion, and the company plans further resource growth and exploration in 2026. Reasoning: The announcement of an initial, large, open-pit NI 43-101 compliant Mineral Resource Estimate for the MPD project is a significant de-risking event, establishing a substantial resource base with clear potential for growth. - Positive factor: Maiden MRE establishes significant resource base. - Positive factor: Large total tonnage \(Indicated + Inferred\). - Positive factor: Open-pit mining method indicated. - Positive factor: NI 43-101 compliant with QP sign-off. - Positive factor: Metal equivalent assumptions are disclosed. - Positive factor: Deposits remain open for expansion. - Positive factor: Good average grades for a porphyry deposit. - Negative factor: Significant portion of the resource is in the Inferred category, which has lower geological confidence. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 36 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The document explicitly states this is an 'Initial Mineral Resource Estimate'. Evidence · text > Initial Mineral Resource Estimate **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The MRE was prepared in accordance with National Instrument 43-101. Evidence · text > prepared in accordance with National Instrument 43-101 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The report was prepared by and reviewed by independent Qualified Persons as defined by NI 43-101. Evidence · text > independent Qualified Persons as defined by NI 43-101 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The MRE is defined using a cut-off grade of 0.2% CuEq, which is clearly stated. Evidence · text > The MRE is defined using a cut-off grade of 0.2% CuEq. **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: This is the first Mineral Resource Estimate for the project, representing growth from a baseline of zero. Evidence · text > Initial Mineral Resource estimate **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: As an initial MRE, the contained metal represents a new and significant addition to the company's reported resources. Evidence · text > Initial Mineral Resource estimate **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The MRE includes a total Indicated Mineral Resource of 82.9 million tonnes. Evidence · text > Total Indicated Mineral Resource: 82.9 million tonnes **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the MRE, 356.3 million tonnes, is classified as Inferred Mineral Resource. Evidence · text > Total Inferred Mineral Resource: 356.3 million tonnes ## Extracted facts Stored fact records: 36. Some facts used in scoring do not have a stored record. ## Resource Estimates (36) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-0) MPD Copper-Gold Project · copper #### Identity - Project: MPD Copper-Gold Project - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-06-25T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:51d425ae0ff4da4f0f4f - Deposit or zone: Gate - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 56400000 - Grade: 0.31 - Grade Unit: % - Contained Metal: 385 - Contained Unit: mlbs - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-06-25 #### Metal Equivalent - Metal Eq. Grade: 0.42 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The Gate zone's indicated copper resource contributes significantly to the initial MRE with a good grade for a porphyry system, enhancing project confidence. - Positive factor: Indicated resource category provides good confidence. - Positive factor: Good copper grade for a porphyry deposit. - Positive factor: Part of an initial MRE, contributing to overall project de-risking. Evidence · table > 0.31 Context: 56.4 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-1) MPD Copper-Gold Project · gold #### Identity - Project: MPD Copper-Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-06-25T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:51d425ae0ff4da4f0f4f - Deposit or zone: Gate - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 56400000 - Grade: 0.14 - Grade Unit: g/t - Contained Metal: 0.25 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-06-25 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The indicated gold resource in the Gate zone adds significant byproduct value to the initial MRE, supporting the project's polymetallic nature. - Positive factor: Indicated resource category provides good confidence. - Positive factor: Gold contributes as a valuable byproduct to the overall project economics. Evidence · table > 0.14 Context: 56.4 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-2) MPD Copper-Gold Project · silver #### Identity - Project: MPD Copper-Gold Project - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-06-25T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:51d425ae0ff4da4f0f4f - Deposit or zone: Gate - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 56400000 - Grade: 1.18 - Grade Unit: g/t - Contained Metal: 2.14 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-06-25 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The indicated silver resource in the Gate zone provides additional byproduct value to the initial MRE, enhancing the project's economic potential. - Positive factor: Indicated resource category provides good confidence. - Positive factor: Silver contributes as a valuable byproduct to the overall project economics. Evidence · table > 1.18 Context: 56.4 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-3) MPD Copper-Gold Project · copper #### Identity - Project: MPD Copper-Gold Project - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:46d5cc01c1e480774e25 - Deposit or zone: West - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 14200000 - Grade: 0.21 - Grade Unit: % - Contained Metal: 66 - Contained Unit: mlbs - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Metal Eq. Grade: 0.37 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The West zone's indicated copper resource contributes to the initial MRE with an economic grade for a porphyry system, adding to project confidence. - Positive factor: Indicated resource category provides good confidence. - Positive factor: Copper grade is economic for a porphyry deposit. - Positive factor: Part of an initial MRE, contributing to overall project de-risking. Evidence · table > 0.21 Context: 14.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-4) MPD Copper-Gold Project · gold #### Identity - Project: MPD Copper-Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:46d5cc01c1e480774e25 - Deposit or zone: West - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 14200000 - Grade: 0.24 - Grade Unit: g/t - Contained Metal: 0.11 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The indicated gold resource in the West zone adds significant byproduct value to the initial MRE, supporting the project's polymetallic nature. - Positive factor: Indicated resource category provides good confidence. - Positive factor: Gold contributes as a valuable byproduct to the overall project economics. Evidence · table > 0.24 Context: 14.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-5) MPD Copper-Gold Project · silver #### Identity - Project: MPD Copper-Gold Project - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:46d5cc01c1e480774e25 - Deposit or zone: West - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 14200000 - Grade: 0.8 - Grade Unit: g/t - Contained Metal: 0.37 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The indicated silver resource in the West zone provides additional byproduct value to the initial MRE, enhancing the project's economic potential. - Positive factor: Indicated resource category provides good confidence. - Positive factor: Silver contributes as a valuable byproduct to the overall project economics. Evidence · table > 0.80 Context: 14.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-6) MPD Copper-Gold Project · copper #### Identity - Project: MPD Copper-Gold Project - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:46ec4bcf6d30a40afac4 - Deposit or zone: South - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 12300000 - Grade: 0.25 - Grade Unit: % - Contained Metal: 68 - Contained Unit: mlbs - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Metal Eq. Grade: 0.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The South zone's indicated copper resource contributes to the initial MRE with an economic grade for a porphyry system, adding to project confidence. - Positive factor: Indicated resource category provides good confidence. - Positive factor: Copper grade is economic for a porphyry deposit. - Positive factor: Part of an initial MRE, contributing to overall project de-risking. Evidence · table > 0.25 Context: 12.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-7) MPD Copper-Gold Project · gold #### Identity - Project: MPD Copper-Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:46ec4bcf6d30a40afac4 - Deposit or zone: South - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 12300000 - Grade: 0.07 - Grade Unit: g/t - Contained Metal: 0.03 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The indicated gold resource in the South zone provides byproduct value to the initial MRE, supporting the project's polymetallic nature. - Positive factor: Indicated resource category provides good confidence. - Positive factor: Gold contributes as a byproduct to the overall project economics. Evidence · table > 0.07 Context: 12.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-8) MPD Copper-Gold Project · silver #### Identity - Project: MPD Copper-Gold Project - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:46ec4bcf6d30a40afac4 - Deposit or zone: South - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 12300000 - Grade: 1.17 - Grade Unit: g/t - Contained Metal: 0.46 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The indicated silver resource in the South zone provides additional byproduct value to the initial MRE, enhancing the project's economic potential. - Positive factor: Indicated resource category provides good confidence. - Positive factor: Silver contributes as a valuable byproduct to the overall project economics. Evidence · table > 1.17 Context: 12.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-9) MPD Copper-Gold Project · copper #### Identity - Project: MPD Copper-Gold Project - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-06-25T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:66366a8054ef897219ab - Deposit or zone: Gate - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 114500000 - Grade: 0.27 - Grade Unit: % - Contained Metal: 681 - Contained Unit: mlbs - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-06-25 #### Metal Equivalent - Metal Eq. Grade: 0.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The Gate zone's inferred copper resource represents a substantial portion of the initial MRE with good grades, indicating strong potential for future resource growth, despite the lower confidence category. - Positive factor: Large tonnage in the Inferred category indicates significant potential for future conversion. - Positive factor: Good copper grade for a porphyry deposit. - Positive factor: Part of an initial MRE, contributing to overall project de-risking. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.27 Context: 114.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-10) MPD Copper-Gold Project · gold #### Identity - Project: MPD Copper-Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-06-25T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:66366a8054ef897219ab - Deposit or zone: Gate - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 114500000 - Grade: 0.13 - Grade Unit: g/t - Contained Metal: 0.48 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-06-25 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The inferred gold resource in the Gate zone adds significant byproduct value to the initial MRE, supporting future resource growth despite the lower confidence category. - Positive factor: Large tonnage in the Inferred category indicates significant potential for future conversion. - Positive factor: Gold contributes as a valuable byproduct to the overall project economics. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.13 Context: 114.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-11) MPD Copper-Gold Project · silver #### Identity - Project: MPD Copper-Gold Project - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-06-25T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:66366a8054ef897219ab - Deposit or zone: Gate - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 114500000 - Grade: 1.07 - Grade Unit: g/t - Contained Metal: 3.94 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-06-25 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The inferred silver resource in the Gate zone provides additional byproduct value to the initial MRE, supporting future resource growth despite the lower confidence category. - Positive factor: Large tonnage in the Inferred category indicates significant potential for future conversion. - Positive factor: Silver contributes as a valuable byproduct to the overall project economics. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 1.07 Context: 114.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-12) MPD Copper-Gold Project · copper #### Identity - Project: MPD Copper-Gold Project - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-06-25T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:db5632dab82c45631f9e - Deposit or zone: Ketchan - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 66000000 - Grade: 0.24 - Grade Unit: % - Contained Metal: 349 - Contained Unit: mlbs - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-06-25 #### Metal Equivalent - Metal Eq. Grade: 0.33 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The Ketchan zone's inferred copper resource contributes substantially to the initial MRE with good grades, indicating potential for future resource growth despite the lower confidence category. - Positive factor: Large tonnage in the Inferred category indicates significant potential for future conversion. - Positive factor: Good copper grade for a porphyry deposit. - Positive factor: Part of an initial MRE, contributing to overall project de-risking. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.24 Context: 66.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-13) MPD Copper-Gold Project · gold #### Identity - Project: MPD Copper-Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-06-25T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:db5632dab82c45631f9e - Deposit or zone: Ketchan - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 66000000 - Grade: 0.12 - Grade Unit: g/t - Contained Metal: 0.25 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-06-25 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The inferred gold resource in the Ketchan zone adds significant byproduct value to the initial MRE, supporting future resource growth despite the lower confidence category. - Positive factor: Large tonnage in the Inferred category indicates significant potential for future conversion. - Positive factor: Gold contributes as a valuable byproduct to the overall project economics. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.12 Context: 66.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-14) MPD Copper-Gold Project · silver #### Identity - Project: MPD Copper-Gold Project - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-06-25T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:db5632dab82c45631f9e - Deposit or zone: Ketchan - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 66000000 - Grade: 1.09 - Grade Unit: g/t - Contained Metal: 2.31 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-06-25 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The inferred silver resource in the Ketchan zone provides additional byproduct value to the initial MRE, supporting future resource growth despite the lower confidence category. - Positive factor: Large tonnage in the Inferred category indicates significant potential for future conversion. - Positive factor: Silver contributes as a valuable byproduct to the overall project economics. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 1.09 Context: 66.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-15) MPD Copper-Gold Project · copper #### Identity - Project: MPD Copper-Gold Project - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-06-25T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:955c091467dfa05de5d6 - Deposit or zone: Dillard - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 51900000 - Grade: 0.2 - Grade Unit: % - Contained Metal: 229 - Contained Unit: mlbs - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-06-25 #### Metal Equivalent - Metal Eq. Grade: 0.26 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The Dillard zone's inferred copper resource contributes to the initial MRE with economic grades, indicating potential for future resource growth despite the lower confidence category. - Positive factor: Large tonnage in the Inferred category indicates significant potential for future conversion. - Positive factor: Copper grade is economic for a porphyry deposit. - Positive factor: Part of an initial MRE, contributing to overall project de-risking. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.20 Context: 51.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-16) MPD Copper-Gold Project · gold #### Identity - Project: MPD Copper-Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-06-25T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:955c091467dfa05de5d6 - Deposit or zone: Dillard - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 51900000 - Grade: 0.09 - Grade Unit: g/t - Contained Metal: 0.15 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-06-25 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The inferred gold resource in the Dillard zone provides byproduct value to the initial MRE, supporting future resource growth despite the lower confidence category. - Positive factor: Large tonnage in the Inferred category indicates significant potential for future conversion. - Positive factor: Gold contributes as a byproduct to the overall project economics. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.09 Context: 51.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-17) MPD Copper-Gold Project · silver #### Identity - Project: MPD Copper-Gold Project - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-06-25T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:955c091467dfa05de5d6 - Deposit or zone: Dillard - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 51900000 - Grade: 0.39 - Grade Unit: g/t - Contained Metal: 0.65 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-06-25 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The inferred silver resource in the Dillard zone provides additional byproduct value to the initial MRE, supporting future resource growth despite the lower confidence category. - Positive factor: Large tonnage in the Inferred category indicates significant potential for future conversion. - Positive factor: Silver contributes as a byproduct to the overall project economics. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.39 Context: 51.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-18) MPD Copper-Gold Project · copper #### Identity - Project: MPD Copper-Gold Project - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-06-25T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:9b9f2ab33c5715ea59fa - Deposit or zone: Man - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 8300000 - Grade: 0.17 - Grade Unit: % - Contained Metal: 31 - Contained Unit: mlbs - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-06-25 #### Metal Equivalent - Metal Eq. Grade: 0.37 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The Man zone's inferred copper resource contributes to the initial MRE with economic grades, indicating potential for future resource growth despite the lower confidence category. - Positive factor: Copper grade is economic for a porphyry deposit. - Positive factor: Part of an initial MRE, contributing to overall project de-risking. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.17 Context: 8.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-19) MPD Copper-Gold Project · gold #### Identity - Project: MPD Copper-Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-06-25T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:9b9f2ab33c5715ea59fa - Deposit or zone: Man - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 8300000 - Grade: 0.3 - Grade Unit: g/t - Contained Metal: 0.08 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-06-25 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The inferred gold resource in the Man zone adds significant byproduct value to the initial MRE, supporting future resource growth despite the lower confidence category. - Positive factor: Gold contributes as a valuable byproduct to the overall project economics. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.30 Context: 8.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-20) MPD Copper-Gold Project · silver #### Identity - Project: MPD Copper-Gold Project - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-06-25T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:9b9f2ab33c5715ea59fa - Deposit or zone: Man - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 8300000 - Grade: 0.56 - Grade Unit: g/t - Contained Metal: 0.15 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-06-25 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The inferred silver resource in the Man zone provides additional byproduct value to the initial MRE, supporting future resource growth despite the lower confidence category. - Positive factor: Silver contributes as a byproduct to the overall project economics. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.56 Context: 8.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-21) MPD Copper-Gold Project · copper #### Identity - Project: MPD Copper-Gold Project - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:bd8ea665c755435e3821 - Deposit or zone: West - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 24700000 - Grade: 0.22 - Grade Unit: % - Contained Metal: 120 - Contained Unit: mlbs - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Metal Eq. Grade: 0.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The West zone's inferred copper resource contributes substantially to the initial MRE with economic grades, indicating potential for future resource growth despite the lower confidence category. - Positive factor: Large tonnage in the Inferred category indicates significant potential for future conversion. - Positive factor: Copper grade is economic for a porphyry deposit. - Positive factor: Part of an initial MRE, contributing to overall project de-risking. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.22 Context: 24.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-22) MPD Copper-Gold Project · gold #### Identity - Project: MPD Copper-Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:bd8ea665c755435e3821 - Deposit or zone: West - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 24700000 - Grade: 0.2 - Grade Unit: g/t - Contained Metal: 0.16 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The inferred gold resource in the West zone adds significant byproduct value to the initial MRE, supporting future resource growth despite the lower confidence category. - Positive factor: Large tonnage in the Inferred category indicates significant potential for future conversion. - Positive factor: Gold contributes as a valuable byproduct to the overall project economics. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.20 Context: 24.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-23) MPD Copper-Gold Project · silver #### Identity - Project: MPD Copper-Gold Project - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:bd8ea665c755435e3821 - Deposit or zone: West - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 24700000 - Grade: 0.77 - Grade Unit: g/t - Contained Metal: 0.61 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The inferred silver resource in the West zone provides additional byproduct value to the initial MRE, supporting future resource growth despite the lower confidence category. - Positive factor: Large tonnage in the Inferred category indicates significant potential for future conversion. - Positive factor: Silver contributes as a byproduct to the overall project economics. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.77 Context: 24.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-24) MPD Copper-Gold Project · copper #### Identity - Project: MPD Copper-Gold Project - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:195303cdeb1dbf662e35 - Deposit or zone: Adit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 20100000 - Grade: 0.34 - Grade Unit: % - Contained Metal: 151 - Contained Unit: mlbs - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Metal Eq. Grade: 0.38 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The Adit zone's inferred copper resource contributes substantially to the initial MRE with good grades, indicating potential for future resource growth despite the lower confidence category. - Positive factor: Large tonnage in the Inferred category indicates significant potential for future conversion. - Positive factor: Good copper grade for a porphyry deposit. - Positive factor: Part of an initial MRE, contributing to overall project de-risking. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.34 Context: 20.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-25) MPD Copper-Gold Project · gold #### Identity - Project: MPD Copper-Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:195303cdeb1dbf662e35 - Deposit or zone: Adit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 20100000 - Grade: 0.03 - Grade Unit: g/t - Contained Metal: 0.02 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The inferred gold resource in the Adit zone provides byproduct value to the initial MRE, supporting future resource growth despite the lower confidence category. - Positive factor: Gold contributes as a byproduct to the overall project economics. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.03 Context: 20.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-26) MPD Copper-Gold Project · silver #### Identity - Project: MPD Copper-Gold Project - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:195303cdeb1dbf662e35 - Deposit or zone: Adit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 20100000 - Grade: 2.79 - Grade Unit: g/t - Contained Metal: 1.8 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The inferred silver resource in the Adit zone provides significant byproduct value to the initial MRE, supporting future resource growth despite the lower confidence category. - Positive factor: Large tonnage in the Inferred category indicates significant potential for future conversion. - Positive factor: Silver contributes as a valuable byproduct to the overall project economics. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 2.79 Context: 20.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-27) MPD Copper-Gold Project · copper #### Identity - Project: MPD Copper-Gold Project - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:ce4bce467d3c97a9191e - Deposit or zone: South - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 70900000 - Grade: 0.21 - Grade Unit: % - Contained Metal: 328 - Contained Unit: mlbs - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Metal Eq. Grade: 0.26 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The South zone's inferred copper resource contributes substantially to the initial MRE with economic grades, indicating potential for future resource growth despite the lower confidence category. - Positive factor: Large tonnage in the Inferred category indicates significant potential for future conversion. - Positive factor: Copper grade is economic for a porphyry deposit. - Positive factor: Part of an initial MRE, contributing to overall project de-risking. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.21 Context: 70.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-28) MPD Copper-Gold Project · gold #### Identity - Project: MPD Copper-Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:ce4bce467d3c97a9191e - Deposit or zone: South - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 70900000 - Grade: 0.06 - Grade Unit: g/t - Contained Metal: 0.14 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The inferred gold resource in the South zone provides byproduct value to the initial MRE, supporting future resource growth despite the lower confidence category. - Positive factor: Gold contributes as a byproduct to the overall project economics. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.06 Context: 70.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-29) MPD Copper-Gold Project · silver #### Identity - Project: MPD Copper-Gold Project - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:ce4bce467d3c97a9191e - Deposit or zone: South - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 70900000 - Grade: 1.25 - Grade Unit: g/t - Contained Metal: 2.85 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The inferred silver resource in the South zone provides additional byproduct value to the initial MRE, supporting future resource growth despite the lower confidence category. - Positive factor: Large tonnage in the Inferred category indicates significant potential for future conversion. - Positive factor: Silver contributes as a valuable byproduct to the overall project economics. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 1.25 Context: 70.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-30) MPD Copper-Gold Project · copper #### Identity - Project: MPD Copper-Gold Project - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:bfb04c1b1fd7fe5696ca - Deposit or zone: Total Indicated - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 82900000 - Grade: 0.28 - Grade Unit: % - Contained Metal: 519 - Contained Unit: mlbs - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Metal Eq. Grade: 0.39 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The total indicated copper resource represents a substantial and confident portion of the initial MRE, providing a strong foundation for project development. - Positive factor: Significant total indicated tonnage and contained metal. - Positive factor: Good copper grade for a porphyry deposit. - Positive factor: Indicated resource category provides good confidence for future studies. Evidence · table > 0.28 Context: 82.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-31) MPD Copper-Gold Project · gold #### Identity - Project: MPD Copper-Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:bfb04c1b1fd7fe5696ca - Deposit or zone: Total Indicated - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 82900000 - Grade: 0.15 - Grade Unit: g/t - Contained Metal: 0.39 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The total indicated gold resource adds substantial byproduct value to the initial MRE, enhancing the project's overall economic attractiveness. - Positive factor: Significant total indicated contained gold. - Positive factor: Gold contributes as a valuable byproduct to the overall project economics. Evidence · table > 0.15 Context: 82.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-32) MPD Copper-Gold Project · silver #### Identity - Project: MPD Copper-Gold Project - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:bfb04c1b1fd7fe5696ca - Deposit or zone: Total Indicated - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 82900000 - Grade: 1.11 - Grade Unit: g/t - Contained Metal: 2.97 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The total indicated silver resource provides additional byproduct value to the initial MRE, further enhancing the project's economic potential. - Positive factor: Significant total indicated contained silver. - Positive factor: Silver contributes as a valuable byproduct to the overall project economics. Evidence · table > 1.11 Context: 82.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-33) MPD Copper-Gold Project · copper #### Identity - Project: MPD Copper-Gold Project - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:ef1caa72e689a85af1fd - Deposit or zone: Total Inferred - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 356300000 - Grade: 0.24 - Grade Unit: % - Contained Metal: 1889 - Contained Unit: mlbs - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Metal Eq. Grade: 0.32 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The very large total inferred copper resource highlights the substantial growth potential of the MPD project, despite the lower confidence category typical for an initial MRE. - Positive factor: Very large total inferred tonnage and contained metal, indicating significant future potential. - Positive factor: Good copper grade for a porphyry deposit. - Positive factor: Part of an initial MRE, contributing to overall project de-risking. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.24 Context: 356.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-34) MPD Copper-Gold Project · gold #### Identity - Project: MPD Copper-Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:ef1caa72e689a85af1fd - Deposit or zone: Total Inferred - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 356300000 - Grade: 0.11 - Grade Unit: g/t - Contained Metal: 1.28 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The very large total inferred gold resource adds substantial byproduct value to the initial MRE, highlighting the project's future growth potential despite the lower confidence category. - Positive factor: Very large total inferred contained gold, indicating significant future potential. - Positive factor: Gold contributes as a valuable byproduct to the overall project economics. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.11 Context: 356.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kodiak-files-ni-43-101-technical-report-initial-mineral-resource-estimate-at-the--6897e88f-b98c-404c-b8a5-babee670551d#fact-resource-facts-35) MPD Copper-Gold Project · silver #### Identity - Project: MPD Copper-Gold Project - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: KDK #### Resource scope - Estimate type: resource - Effective date: 2025-12-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfonso Rodriguez, James Gray, Shane Tad Crowie, Tysen Hantelmann, Dave Skelton - Resource group id: resource:ef1caa72e689a85af1fd - Deposit or zone: Total Inferred - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 356300000 - Grade: 1.07 - Grade Unit: g/t - Contained Metal: 12.31 - Contained Unit: moz - Cutoff Grade: 0.2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-12-09 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-23T00:00:00.000Z Reasoning: The very large total inferred silver resource provides additional byproduct value to the initial MRE, highlighting the project's future growth potential despite the lower confidence category. - Positive factor: Very large total inferred contained silver, indicating significant future potential. - Positive factor: Silver contributes as a valuable byproduct to the overall project economics. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 1.07 Context: 356.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.