Drilling to expand their resource

August 1, 2025 Investorideas.com (www.investorideas.com
newswire) I gave four reasons for liking
Kodiak Copper TSXV:KDK,
OTCQB:KDKCF,
Frankfurt:5DD1. 

They are worth re-visiting:

1. Management

Kodiak Copper’s management team and the Discovery Group have a
successful, enviable track record of shareholder returns.

Kodiak was established by Chairman Chris Taylor of Great Bear fame.
The founder and CEO of Great Bear Resources presided over its
acquisition by Kinross Gold in 2022 for $1.8 billion.

The Discovery Group company is led by Claudia Tornquist, previously
a general manager at Rio Tinto working with Rio’s copper operations.
She was also the former director of Kennady Diamonds, leading the
$176M sale of the company to Mountain Province Diamonds.

On March 12, 2025 KDK announced the promotion of Dave Skelton to VP Exploration and the appointment of Baykan Aksu as Senior Geologist.
Skelton will succeed current VP Exploration Jeff Ward who is
retiring from day-to-day operations and assuming an advisory role.

On March 26 Peter Holbek was appointed as a technical advisor. Holbek is a former senior executive at Copper Mountain, whose
namesake mine is near Kodiak’s MPD project in southern British
Columbia, with many similarities in geology and structural setting.

Holbek has 45 years of experience in geology, base and
precious-metal exploration, resource estimation and mine
development. He was most recently Vice President, Exploration at
Copper Mountain Mining Corp., a post he held from 2007 to 2022,
where he directed exploration efforts, initially to define
sufficient mineral reserves to advance the Copper Mountain project
into production, and subsequently to grow the resources of this
major mine. 

Working with metallurgy, engineering, grade control and
environmental professionals, he led the incorporation of
geo-metallurgical data into resource models which facilitated the
prediction of mine throughput, metal recoveries and tailings
characteristics. In 2013, he was awarded the E.A. Scholz medal
for excellence in mine development by the Association for Mineral
Exploration (AME) of BC.

Kodiak Copper
recently added to its team
by bringing on board Mike

Westendorf as Metallurgical Advisor and Alan O’Connor as Senior
Exploration Manager.

Westendorf is a professional engineer with over 18 years of
diversified mining experience. He has a strong background in
metallurgy and process engineering, having worked at the Copper
Mountain mine where he held senior positions and helped guide the
project from the feasibility stage through to construction,
operation, expansion, and ultimately M&A with Hudbay Minerals.

O’Connor is a registered professional geologist with over 35 years
of mineral exploration experience across North and South America. He
has a proven track record in managing exploration programs for base
metals, gold, silver, and diamonds, from grassroots through to
resource definition stages.

2. Location, location, location

The MPD project is a 344-square-kilometer land package near several
operating mines in the southern Quesnel Terrane, British Columbia’s
primary copper-gold producing belt. MPD is between the towns of
Merritt and Princeton, with year-round accessibility and excellent
infrastructure nearby.

The Nicola Belt geology has similar characteristics to the
neighboring alkalic porphyry systems at Hudbay’s Copper Mountain
mine to the south and New Gold’s New Afton mine to the north.

3. Maiden resource

Kodiak announced on Jan. 16 that it started work on a National Instrument
43-101-compliant resource estimate that will include seven
mineralized zones: Gate/Prime, Man, Dillard, Ketchan, West, Adit and
South/Mid.

On June 24 Kodiak
reported the first part of the maiden resource
comprising four of the seven zones: Gate, Man, Dillard and Ketchan.

The highlight is an indicated resource of 56.4 million tonnes
grading 0.42% copper-equivalent (CuEq) containing 385 million pounds
of copper and 0.25 million ounces of gold.

In the inferred category, the four zones comprise 240.7Mt grading
0.33% CuEq, containing 1.291 billion pounds of copper and 0.96Moz of
gold.

According to KDK, the mineral resource estimate (MRE) is defined
using open-pit design shells to constrain the resource models and a
cut-off grade of 0.2% CuEq.

Mineralization remains open for expansion within and beyond the
pit shells, in multiple directions and at depth.

The full MRE for MPD is planned for completion in Q4 with the
addition of three further mineralized zones — West, Adit and South
— where confirmation and infill drilling is currently underway
as part of the company’s
2025 exploration program.

The higher-grade, near surface mineralization identified
at these three zones has the potential to make an important
contribution to the full MRE, KDK states.

4. Serious upside

Another important aspect of the MPD story is its potential
upside.

While the company has identified multiple zones,
it remains committing to continued exploration to further grow the
project, both through zone expansion and the testing of new targets.

Drilling

On June 18 Kodiak
announced its fully-funded 2025 exploration program at MPD
will involve drilling approximately 5,500 meters at West, Adit and
South.  A total of 39 drill holes are proposed.

Drilling is designed to support the resource estimation on
these three mineralized zones, which will be completed in the
fall, following receipt of assay results. Together with the
resource estimate for the first four mineralized zones (Gate,
Ketchan, Man and Dillard), this will complete the initial resource
estimate for the MPD project.

Drilling will be conducted using one diamond drill rig and one
reverse circulation rig and will include the twinning of select
historical drill holes as well as improving coverage in areas with
lower drill density.

The 2025 program also includes geologic mapping and prospecting
around the resource zones to prioritize areas for further
infill and step-out drilling and support modeling.

Fieldwork will also evaluate select new target areas,
including new VRIFY Areas of Interest and priority targets
generated by Kodiak’s 2024 exploration program.

Conclusion

At 64 cents a share, Kodiak Copper in my opinion is undervalued.

Its MPD project is a huge land package in British Columbia’s primary
copper and gold-producing belt.

The company has just published an initial resource estimate that
comprises four of the seven mineralized zones: Gate, Ketchan, Man
and Dillard. Between the indicated and inferred categories, the
maiden resource amounts to 1.676 billion pounds of copper and 1.21
million ounces of gold.

The 2025 drill program of 5,500 meters in 39 drill holes is designed
to support the resource estimation on the remaining three zones
— West, Adit and South. This is expected to be completed in the
fall, following receipt of assay results.

Given the positive copper market fundamentals, and how many times
copper has been in the news lately, I think there will be a rerating
of Kodiak’s market cap based on: the amount of copper in the ground
right now; the fact that there are three additional zones that will
be drilled; and that there is more drilling planned on the
significant extensions of the zones that have, and will have,
initial resources.

Kodiak Copper’s MPD project has all the hallmarks of a major
copper/gold porphyry system with the potential, in my opinion, to
become a world-class mine. The company is fully cashed up for 2025’s
drill program (in March KDK
closed an oversubscribed private placement of $5.5 million) and that means there will be a lot of news flow to keep investors
interested.

Kodiak Copper
TSXV:KDK, OTCQB:KDKCF,
Frankfurt:5DD1
Cdn$0.64 2025.07.30
Shares Outstanding
85.8m
Market Cap Cdn$54.8m
KDK website

Richard (Rick) Mills
aheadoftheherd.com

Richard does not own shares of
Kodiak Copper (TSXV:KDK). KDK is a paid advertiser
on his site
aheadoftheherd.com This
article is issued on behalf of KDK

Bob owns shares of both RAK and SNAG. Both RAK and SNAG are
advertisers on his site
321gold.com

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