Interview with Claudia Tornquist, President & CEO of Kodiak Copper (TSX-V:KDK)

Recording date: 12th September 2023

Kodiak Copper is a Canadian mineral exploration company focused on copper porphyry projects in Canada and the United States. The company's flagship asset is the MPD copper-gold porphyry project in south-central British Columbia, which shows potential to host a large-scale deposit. MPD has high-grade mineralization within a wide mineralized envelope and several other untested exploration targets.

Claudia Tornquist, CEO of Kodiak Copper (TSXV:KDK), discusses the company's large-scale exploration program underway at the MPD copper-gold project in southern British Columbia. Unlike previous years focused solely on the high-grade Gate Zone discovery, Kodiak is now systematically testing multiple targets across the 14 km2 property. The goal is to delineate the next big discovery and build significant scale through a methodical exploration approach.

Kodiak has an extensive database of over 50,000 meters of historic, shallow drilling at MPD. The Gate Zone was discovered by drilling deeper below this historic drilling, uncovering high-grade copper-gold mineralization missed near surface. Several large geophysical and geochemical targets have now been identified across the property, presenting an opportunity to replicate this exploration model.

Up to 25,000 meters of drilling is planned for 2023, targeting at least 5 zones. Early results at the West Zone returned long intercepts of 500+ meters grading 0.2-0.4% copper equivalent, including high-grade zones. New copper-gold mineralization was discovered at depth, and importantly, mineralized breccia zones were intersected – indicating proximity to a copper-gold source. Assay results will steadily flow through year-end and into early 2024.

While additional high-grade discoveries are the ultimate goal, Kodiak is also keen to demonstrate scale potential. Lower grade intercepts of 0.2-0.4% copper equivalent help build critical mass. The project is situated in an established mining region, where comparables like Copper Mountain mine lower grades of ~0.23% copper at large scale. Infrastructure, access and skilled local workforce provide low operating costs that support development of MPD's sizeable resource base.

Significant drill results and increasing project scale will aim to attract interest from major mining companies. An intermediate resource target is approximately 10 billion pounds of copper, which requires additional discoveries and resource growth beyond the Gate Zone. Kodiak maintains a strong partnership with Teck Resources, its largest shareholder with 19.9% interest. Teck is supportive of Kodiak's copper-focused exploration strategy in BC.

In summary, Kodiak Copper is advancing a systematic, multi-target exploration program to build on its initial high-grade discovery at MPD and outline the project’s meaningful scale potential. Assay results from the extensive 2023 drill campaign will act as key catalysts in the year ahead.