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

Original announcement by tmx on

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 07:12:16 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Kodiak Copper Corp. announced an initial Mineral Resource Estimate for its 100%-owned MPD copper-gold project in British Columbia. The MRE includes 82.9 million tonnes of Indicated Resources grading 0.39% CuEq and 356.3 million tonnes of Inferred Resources grading 0.32% CuEq. The estimate highlights the project's large scale, open-pit potential, and grades consistent with leading copper porphyry projects in North America.

Reasoning: Kodiak Copper announced a significant initial Mineral Resource Estimate for its MPD copper-gold project, demonstrating large scale, open-pit potential, and grades consistent with leading North American porphyry projects, with full NI 43-101 compliance and transparent reporting.

Positive factors

  • large scale
  • open-pit potential
  • shallow mineralization
  • high-grade from surface
  • strong growth potential
  • grades consistent with leading copper porphyry projects
  • strategic location
  • NI 43-101 compliant
  • QP sign-off
  • metal equivalent assumptions disclosed
  • cut-off grade disclosed

Negative factors

  • significant inferred resource component

Facts used in scoring: 48

Classification and evidence

Maiden Resourceneutral

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' and 'maiden Resource'.

Evidence · text

“initial Mineral Resource estimate”

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with 'National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101)'.

Evidence · text

“National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101)”

QP/CP Signedpositive

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: James N. Gray, P.Geo., Tysen Hantelmann, P.Eng., and Shane Tad Crowie, P.Eng., are named as independent Qualified Persons who prepared and approved the MRE.

Evidence · text

“The MRE was prepared by James Gray, P.Geo., of Advantage Geoservices Ltd., with contributions from Tysen Hantelmann, P.Eng., of JDS Energy & Mining Inc. for cut-off grade and Pit Shell optimization and Shane Tad Crowie, P.Eng., of JDS Energy & Mining Inc., for metallurgical parameters, in accordance with the 2014 Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards and Canadian National Instrument 43-101 ("NI 43-101"). James Gray, Tysen Hantelmann and Shane Tad Crowie, are independent Qualified Persons as defined by NI 43-101 and have reviewed and approved the contents of this news release.”

Metal Equivalent Assumptions Disclosedpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The document explicitly states the metal prices and recovery assumptions used for the copper equivalent calculation.

Evidence · text

“Copper equivalence (CuEq) and constraining pit shells assume metal prices (US$) of: $4.2/lb copper, $2,600/oz gold, $30/oz silver.”

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The MRE is explicitly defined using a cut-off grade of 0.2% CuEq.

Evidence · text

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

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: A significant portion of the total resource, 356.3 million tonnes, is classified as Inferred Mineral Resource.

Evidence · text

“Total Inferred Mineral Resource: 356.3 million tonnes (Mt)”

Open Pit Mining Methodneutral · Story-specific tag

No canonical definition is currently available.

Why it applies: The MRE is described as a 'Large, open-pit copper-gold initial Mineral Resource estimate'.

Evidence · text

“Large, open-pit copper-gold initial Mineral Resource estimate”

Extracted facts

Stored fact records: 48. Some facts used in scoring do not have a stored record.

Resource Estimates (48)

indicatedMPD copper-gold project · copperTonnes: 56400000Grade: 0.31Grade Unit: %Contained Metal: 385Contained Unit: mlbsHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:9eb2ea08c96c7a1e27f2
Deposit or zone
Gate

Resource Data

Category
indicated
Tonnes
56400000
Grade
0.31
Grade Unit
%
Contained Metal
385
Contained Unit
mlbs
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported indicated resource for copper at the Gate zone, showing good tonnage and grade for a porphyry deposit.

Positive factors

  • significant tonnage
  • good grade for porphyry
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • previously reported

Evidence · table

“0.31”

Context: 56.4

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedMPD copper-gold project · goldTonnes: 56400000Grade: 0.14Grade Unit: g/tContained Metal: 0.25Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:9eb2ea08c96c7a1e27f2
Deposit or zone
Gate

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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported indicated resource for gold at the Gate zone, contributing to the overall project value.

Positive factors

  • significant contained gold
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • previously reported

Evidence · table

“0.14”

Context: 56.4

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedMPD copper-gold project · silverTonnes: 56400000Grade: 1.18Grade Unit: g/tContained Metal: 2.14Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:9eb2ea08c96c7a1e27f2
Deposit or zone
Gate

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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported indicated resource for silver at the Gate zone, adding to the polymetallic nature of the project.

Positive factors

  • significant contained silver
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • previously reported

Evidence · table

“1.18”

Context: 56.4

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedMPD copper-gold project · copperTonnes: 56400000Contained Metal: 522Contained Unit: mlbsHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:9eb2ea08c96c7a1e27f2
Deposit or zone
Gate

Resource Data

Category
indicated
Tonnes
56400000
Contained Metal
522
Contained Unit
mlbs
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Metal Equivalent

Metal Eq. Grade
0.42
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported indicated resource for copper equivalent at the Gate zone, demonstrating the overall value of the polymetallic mineralization.

Positive factors

  • significant contained metal equivalent
  • NI 43-101 compliant
  • QP sign-off
  • metal equivalent assumptions disclosed

Negative factors

  • previously reported

Evidence · table

“0.42”

Context: 56.4

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedMPD copper-gold project · copperTonnes: 14200000Grade: 0.21Grade Unit: %Contained Metal: 66Contained Unit: mlbsView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported indicated resource for copper at the West zone, contributing to the overall initial MRE with good grade and confidence.

Positive factors

  • newly reported resource
  • indicated category
  • good grade for porphyry
  • NI 43-101 compliant
  • QP sign-off

Evidence · table

“0.21”

Context: 14.2

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedMPD copper-gold project · goldTonnes: 14200000Grade: 0.24Grade Unit: g/tContained Metal: 0.11Contained Unit: mozView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported indicated resource for gold at the West zone, adding to the polymetallic nature of the project.

Positive factors

  • newly reported resource
  • indicated category
  • significant contained gold
  • NI 43-101 compliant
  • QP sign-off

Evidence · table

“0.24”

Context: 14.2

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedMPD copper-gold project · silverTonnes: 14200000Grade: 0.8Grade Unit: g/tContained Metal: 0.37Contained Unit: mozView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported indicated resource for silver at the West zone, further enhancing the project's polymetallic profile.

Positive factors

  • newly reported resource
  • indicated category
  • significant contained silver
  • NI 43-101 compliant
  • QP sign-off

Evidence · table

“0.80”

Context: 14.2

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedMPD copper-gold project · copperTonnes: 14200000Contained Metal: 116Contained Unit: mlbsView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:46d5cc01c1e480774e25
Deposit or zone
West
Mining method
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
14200000
Contained Metal
116
Contained Unit
mlbs
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Metal Equivalent

Metal Eq. Grade
0.37
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported indicated resource for copper equivalent at the West zone, adding to the overall project value with transparent reporting.

Positive factors

  • newly reported resource
  • indicated category
  • significant contained metal equivalent
  • NI 43-101 compliant
  • QP sign-off
  • metal equivalent assumptions disclosed

Evidence · table

“0.37”

Context: 14.2

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedMPD copper-gold project · copperTonnes: 12300000Grade: 0.25Grade Unit: %Contained Metal: 68Contained Unit: mlbsView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported indicated resource for copper at the South zone, contributing to the overall initial MRE with good grade and confidence.

Positive factors

  • newly reported resource
  • indicated category
  • good grade for porphyry
  • NI 43-101 compliant
  • QP sign-off

Evidence · table

“0.25”

Context: 12.3

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedMPD copper-gold project · goldTonnes: 12300000Grade: 0.07Grade Unit: g/tContained Metal: 0.03Contained Unit: mozView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported indicated resource for gold at the South zone, adding to the polymetallic nature of the project.

Positive factors

  • newly reported resource
  • indicated category
  • contained gold
  • NI 43-101 compliant
  • QP sign-off

Evidence · table

“0.07”

Context: 12.3

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedMPD copper-gold project · silverTonnes: 12300000Grade: 1.17Grade Unit: g/tContained Metal: 0.46Contained Unit: mozView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported indicated resource for silver at the South zone, further enhancing the project's polymetallic profile.

Positive factors

  • newly reported resource
  • indicated category
  • contained silver
  • NI 43-101 compliant
  • QP sign-off

Evidence · table

“1.17”

Context: 12.3

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedMPD copper-gold project · copperTonnes: 12300000Contained Metal: 82Contained Unit: mlbsView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:46ec4bcf6d30a40afac4
Deposit or zone
South
Mining method
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
12300000
Contained Metal
82
Contained Unit
mlbs
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported indicated resource for copper equivalent at the South zone, adding to the overall project value with transparent reporting.

Positive factors

  • newly reported resource
  • indicated category
  • significant contained metal equivalent
  • NI 43-101 compliant
  • QP sign-off
  • metal equivalent assumptions disclosed

Evidence · table

“0.30”

Context: 12.3

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · copperTonnes: 114500000Grade: 0.27Grade Unit: %Contained Metal: 681Contained Unit: mlbsHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:8f65555d422d4a08e60d
Deposit or zone
Gate

Resource Data

Category
inferred
Tonnes
114500000
Grade
0.27
Grade Unit
%
Contained Metal
681
Contained Unit
mlbs
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for copper at the Gate zone, indicating significant potential but with lower geological confidence.

Positive factors

  • large tonnage
  • good grade for porphyry
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category
  • previously reported

Evidence · table

“0.27”

Context: 114.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · goldTonnes: 114500000Grade: 0.13Grade Unit: g/tContained Metal: 0.48Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:8f65555d422d4a08e60d
Deposit or zone
Gate

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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for gold at the Gate zone, contributing to the overall project potential but with lower confidence.

Positive factors

  • significant contained gold
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category
  • previously reported

Evidence · table

“0.13”

Context: 114.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · silverTonnes: 114500000Grade: 1.07Grade Unit: g/tContained Metal: 3.94Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:8f65555d422d4a08e60d
Deposit or zone
Gate

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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for silver at the Gate zone, adding to the polymetallic nature of the project but with lower confidence.

Positive factors

  • significant contained silver
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category
  • previously reported

Evidence · table

“1.07”

Context: 114.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · copperTonnes: 114500000Contained Metal: 909Contained Unit: mlbsHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:8f65555d422d4a08e60d
Deposit or zone
Gate

Resource Data

Category
inferred
Tonnes
114500000
Contained Metal
909
Contained Unit
mlbs
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Metal Equivalent

Metal Eq. Grade
0.36
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for copper equivalent at the Gate zone, indicating significant overall potential but with lower geological confidence.

Positive factors

  • large contained metal equivalent
  • NI 43-101 compliant
  • QP sign-off
  • metal equivalent assumptions disclosed

Negative factors

  • inferred category
  • previously reported

Evidence · table

“0.36”

Context: 114.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · copperTonnes: 66000000Grade: 0.24Grade Unit: %Contained Metal: 349Contained Unit: mlbsHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:3a5c1f9398d0ca9f97c9
Deposit or zone
Ketchan

Resource Data

Category
inferred
Tonnes
66000000
Grade
0.24
Grade Unit
%
Contained Metal
349
Contained Unit
mlbs
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for copper at the Ketchan zone, indicating potential but with lower geological confidence.

Positive factors

  • significant tonnage
  • good grade for porphyry
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category
  • previously reported

Evidence · table

“0.24”

Context: 66.0

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · goldTonnes: 66000000Grade: 0.12Grade Unit: g/tContained Metal: 0.25Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:3a5c1f9398d0ca9f97c9
Deposit or zone
Ketchan

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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for gold at the Ketchan zone, contributing to the overall project potential but with lower confidence.

Positive factors

  • contained gold
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category
  • previously reported

Evidence · table

“0.12”

Context: 66.0

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · silverTonnes: 66000000Grade: 1.09Grade Unit: g/tContained Metal: 2.31Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:3a5c1f9398d0ca9f97c9
Deposit or zone
Ketchan

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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for silver at the Ketchan zone, adding to the polymetallic nature of the project but with lower confidence.

Positive factors

  • contained silver
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category
  • previously reported

Evidence · table

“1.09”

Context: 66.0

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · copperTonnes: 66000000Contained Metal: 480Contained Unit: mlbsHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:3a5c1f9398d0ca9f97c9
Deposit or zone
Ketchan

Resource Data

Category
inferred
Tonnes
66000000
Contained Metal
480
Contained Unit
mlbs
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Metal Equivalent

Metal Eq. Grade
0.33
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for copper equivalent at the Ketchan zone, indicating significant overall potential but with lower geological confidence.

Positive factors

  • significant contained metal equivalent
  • NI 43-101 compliant
  • QP sign-off
  • metal equivalent assumptions disclosed

Negative factors

  • inferred category
  • previously reported

Evidence · table

“0.33”

Context: 66.0

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · copperTonnes: 51900000Grade: 0.2Grade Unit: %Contained Metal: 229Contained Unit: mlbsHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:25cebe740e184a3b4247
Deposit or zone
Dillard

Resource Data

Category
inferred
Tonnes
51900000
Grade
0.2
Grade Unit
%
Contained Metal
229
Contained Unit
mlbs
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for copper at the Dillard zone, indicating potential but with lower geological confidence.

Positive factors

  • significant tonnage
  • good grade for porphyry
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category
  • previously reported

Evidence · table

“0.20”

Context: 51.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · goldTonnes: 51900000Grade: 0.09Grade Unit: g/tContained Metal: 0.15Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:25cebe740e184a3b4247
Deposit or zone
Dillard

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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for gold at the Dillard zone, contributing to the overall project potential but with lower confidence.

Positive factors

  • contained gold
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category
  • previously reported

Evidence · table

“0.09”

Context: 51.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · silverTonnes: 51900000Grade: 0.39Grade Unit: g/tContained Metal: 0.65Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:25cebe740e184a3b4247
Deposit or zone
Dillard

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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for silver at the Dillard zone, adding to the polymetallic nature of the project but with lower confidence.

Positive factors

  • contained silver
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category
  • previously reported

Evidence · table

“0.39”

Context: 51.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · copperTonnes: 51900000Contained Metal: 298Contained Unit: mlbsHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:25cebe740e184a3b4247
Deposit or zone
Dillard

Resource Data

Category
inferred
Tonnes
51900000
Contained Metal
298
Contained Unit
mlbs
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Metal Equivalent

Metal Eq. Grade
0.26
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for copper equivalent at the Dillard zone, indicating overall potential but with lower geological confidence.

Positive factors

  • contained metal equivalent
  • NI 43-101 compliant
  • QP sign-off
  • metal equivalent assumptions disclosed

Negative factors

  • inferred category
  • previously reported

Evidence · table

“0.26”

Context: 51.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · copperTonnes: 8300000Grade: 0.17Grade Unit: %Contained Metal: 31Contained Unit: mlbsHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:96d408e39b8eeacaa974
Deposit or zone
Man

Resource Data

Category
inferred
Tonnes
8300000
Grade
0.17
Grade Unit
%
Contained Metal
31
Contained Unit
mlbs
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for copper at the Man zone, indicating potential but with lower grade and confidence.

Positive factors

  • contained copper
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category
  • lower grade
  • previously reported

Evidence · table

“0.17”

Context: 8.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · goldTonnes: 8300000Grade: 0.3Grade Unit: g/tContained Metal: 0.08Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:96d408e39b8eeacaa974
Deposit or zone
Man

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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for gold at the Man zone, contributing to the overall project potential but with lower confidence.

Positive factors

  • contained gold
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category
  • previously reported

Evidence · table

“0.30”

Context: 8.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · silverTonnes: 8300000Grade: 0.56Grade Unit: g/tContained Metal: 0.15Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:96d408e39b8eeacaa974
Deposit or zone
Man

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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for silver at the Man zone, adding to the polymetallic nature of the project but with lower confidence.

Positive factors

  • contained silver
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category
  • previously reported

Evidence · table

“0.56”

Context: 8.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · copperTonnes: 8300000Contained Metal: 68Contained Unit: mlbsHistorical resultNeeds review: historical_restatementView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:96d408e39b8eeacaa974
Deposit or zone
Man

Resource Data

Category
inferred
Tonnes
8300000
Contained Metal
68
Contained Unit
mlbs
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Metal Equivalent

Metal Eq. Grade
0.37
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-06-25T00:00:00.000Z

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for copper equivalent at the Man zone, indicating overall potential but with lower geological confidence.

Positive factors

  • contained metal equivalent
  • NI 43-101 compliant
  • QP sign-off
  • metal equivalent assumptions disclosed

Negative factors

  • inferred category
  • previously reported

Evidence · table

“0.37”

Context: 8.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · copperTonnes: 24700000Grade: 0.22Grade Unit: %Contained Metal: 120Contained Unit: mlbsView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported inferred resource for copper at the West zone, indicating significant potential but with lower geological confidence.

Positive factors

  • newly reported resource
  • significant tonnage
  • good grade for porphyry
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category

Evidence · table

“0.22”

Context: 24.7

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · goldTonnes: 24700000Grade: 0.2Grade Unit: g/tContained Metal: 0.16Contained Unit: mozView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported inferred resource for gold at the West zone, contributing to the overall project potential but with lower confidence.

Positive factors

  • newly reported resource
  • contained gold
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category

Evidence · table

“0.20”

Context: 24.7

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · silverTonnes: 24700000Grade: 0.77Grade Unit: g/tContained Metal: 0.61Contained Unit: mozView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported inferred resource for silver at the West zone, adding to the polymetallic nature of the project but with lower confidence.

Positive factors

  • newly reported resource
  • contained silver
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category

Evidence · table

“0.77”

Context: 24.7

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · copperTonnes: 24700000Contained Metal: 196Contained Unit: mlbsView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:bd8ea665c755435e3821
Deposit or zone
West
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
24700000
Contained Metal
196
Contained Unit
mlbs
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Metal Equivalent

Metal Eq. Grade
0.36
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported inferred resource for copper equivalent at the West zone, indicating overall potential but with lower geological confidence.

Positive factors

  • newly reported resource
  • contained metal equivalent
  • NI 43-101 compliant
  • QP sign-off
  • metal equivalent assumptions disclosed

Negative factors

  • inferred category

Evidence · table

“0.36”

Context: 24.7

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · copperTonnes: 20100000Grade: 0.34Grade Unit: %Contained Metal: 151Contained Unit: mlbsView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported inferred resource for copper at the Adit zone, indicating significant potential with good grade but lower geological confidence.

Positive factors

  • newly reported resource
  • significant tonnage
  • good grade for porphyry
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category

Evidence · table

“0.34”

Context: 20.1

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · goldTonnes: 20100000Grade: 0.03Grade Unit: g/tContained Metal: 0.02Contained Unit: mozView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported inferred resource for gold at the Adit zone, contributing to the overall project potential but with lower grade and confidence.

Positive factors

  • newly reported resource
  • contained gold
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category
  • low gold grade

Evidence · table

“0.03”

Context: 20.1

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · silverTonnes: 20100000Grade: 2.79Grade Unit: g/tContained Metal: 1.8Contained Unit: mozView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported inferred resource for silver at the Adit zone, adding to the polymetallic nature of the project but with lower confidence.

Positive factors

  • newly reported resource
  • significant contained silver
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category

Evidence · table

“2.79”

Context: 20.1

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · copperTonnes: 20100000Contained Metal: 168Contained Unit: mlbsView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:195303cdeb1dbf662e35
Deposit or zone
Adit
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
20100000
Contained Metal
168
Contained Unit
mlbs
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Metal Equivalent

Metal Eq. Grade
0.38
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported inferred resource for copper equivalent at the Adit zone, indicating overall potential but with lower geological confidence.

Positive factors

  • newly reported resource
  • contained metal equivalent
  • NI 43-101 compliant
  • QP sign-off
  • metal equivalent assumptions disclosed

Negative factors

  • inferred category

Evidence · table

“0.38”

Context: 20.1

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · copperTonnes: 70900000Grade: 0.21Grade Unit: %Contained Metal: 328Contained Unit: mlbsView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported inferred resource for copper at the South zone, indicating significant potential but with lower geological confidence.

Positive factors

  • newly reported resource
  • large tonnage
  • good grade for porphyry
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category

Evidence · table

“0.21”

Context: 70.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · goldTonnes: 70900000Grade: 0.06Grade Unit: g/tContained Metal: 0.14Contained Unit: mozView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported inferred resource for gold at the South zone, contributing to the overall project potential but with lower grade and confidence.

Positive factors

  • newly reported resource
  • contained gold
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category
  • low gold grade

Evidence · table

“0.06”

Context: 70.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · silverTonnes: 70900000Grade: 1.25Grade Unit: g/tContained Metal: 2.85Contained Unit: mozView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported inferred resource for silver at the South zone, adding to the polymetallic nature of the project but with lower confidence.

Positive factors

  • newly reported resource
  • contained silver
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category

Evidence · table

“1.25”

Context: 70.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · copperTonnes: 70900000Contained Metal: 406Contained Unit: mlbsView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:ce4bce467d3c97a9191e
Deposit or zone
South
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
70900000
Contained Metal
406
Contained Unit
mlbs
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Metal Equivalent

Metal Eq. Grade
0.26
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: This is a newly reported inferred resource for copper equivalent at the South zone, indicating overall potential but with lower geological confidence.

Positive factors

  • newly reported resource
  • contained metal equivalent
  • NI 43-101 compliant
  • QP sign-off
  • metal equivalent assumptions disclosed

Negative factors

  • inferred category

Evidence · table

“0.26”

Context: 70.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedMPD copper-gold project · copperTonnes: 82900000Grade: 0.28Grade Unit: %Contained Metal: 519Contained Unit: mlbsView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: The total indicated resource for copper represents a significant and confident portion of the initial MRE, supporting future economic evaluations.

Positive factors

  • large total indicated tonnage
  • good grade for porphyry
  • NI 43-101 compliant
  • QP sign-off

Evidence · table

“0.28”

Context: 82.9

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedMPD copper-gold project · goldTonnes: 82900000Grade: 0.15Grade Unit: g/tContained Metal: 0.39Contained Unit: mozView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: The total indicated resource for gold adds substantial value to the polymetallic project with high confidence.

Positive factors

  • significant total contained gold
  • NI 43-101 compliant
  • QP sign-off

Evidence · table

“0.15”

Context: 82.9

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedMPD copper-gold project · silverTonnes: 82900000Grade: 1.11Grade Unit: g/tContained Metal: 2.97Contained Unit: mozView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: The total indicated resource for silver further enhances the project's polymetallic profile with high confidence.

Positive factors

  • significant total contained silver
  • NI 43-101 compliant
  • QP sign-off

Evidence · table

“1.11”

Context: 82.9

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedMPD copper-gold project · copperTonnes: 82900000Contained Metal: 719Contained Unit: mlbsView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:bfb04c1b1fd7fe5696ca
Deposit or zone
Total Indicated
Mining method
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
82900000
Contained Metal
719
Contained Unit
mlbs
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Metal Equivalent

Metal Eq. Grade
0.39
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: The total indicated resource for copper equivalent represents a significant and confident portion of the initial MRE, supporting future economic evaluations with transparent reporting.

Positive factors

  • large total contained metal equivalent
  • NI 43-101 compliant
  • QP sign-off
  • metal equivalent assumptions disclosed

Evidence · table

“0.39”

Context: 82.9

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · copperTonnes: 356300000Grade: 0.24Grade Unit: %Contained Metal: 1889Contained Unit: mlbsView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: The very large total inferred resource for copper indicates significant future potential for the project, though with lower geological confidence.

Positive factors

  • very large total inferred tonnage
  • good grade for porphyry
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category

Evidence · table

“0.24”

Context: 356.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · goldTonnes: 356300000Grade: 0.11Grade Unit: g/tContained Metal: 1.28Contained Unit: mozView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: The large total inferred resource for gold indicates significant future potential for the project, though with lower geological confidence.

Positive factors

  • large total contained gold
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category

Evidence · table

“0.11”

Context: 356.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · silverTonnes: 356300000Grade: 1.07Grade Unit: g/tContained Metal: 12.31Contained Unit: mozView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, 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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: The large total inferred resource for silver indicates significant future potential for the project, though with lower geological confidence.

Positive factors

  • large total contained silver
  • NI 43-101 compliant
  • QP sign-off

Negative factors

  • inferred category

Evidence · table

“1.07”

Context: 356.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredMPD copper-gold project · copperTonnes: 356300000Contained Metal: 2524Contained Unit: mlbsView all details
Link to this fact

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
James N. Gray, Tysen Hantelmann, Shane Tad Crowie, Dave Skelton
Resource group id
resource:ef1caa72e689a85af1fd
Deposit or zone
Total Inferred
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
356300000
Contained Metal
2524
Contained Unit
mlbs
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Metal Equivalent

Metal Eq. Grade
0.32
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-09T00:00:00.000Z

Reasoning: The very large total inferred resource for copper equivalent indicates significant future potential for the project, though with lower geological confidence.

Positive factors

  • very large total contained metal equivalent
  • NI 43-101 compliant
  • QP sign-off
  • metal equivalent assumptions disclosed

Negative factors

  • inferred category

Evidence · table

“0.32”

Context: 356.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

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.