Kodiak Initiates Next Phase of Metallurgical Testwork for MPD Copper-Gold Project

Kodiak Copper Corp. announced the initiation of the next phase of metallurgical testwork for its 100% owned MPD copper-gold porphyry project in British Columbia. This program aims to build upon the maiden test results received in Q2 2025, which had already demonstrated robust recoveries.

The current testwork will involve composite samples from six mineralized zones: Gate, Man, Dillard, West, Adit, and South. The primary focus is on enhancing recoveries for both copper and gold through gold characterization studies and optimization of rougher and cleaner flotation processes. Results from this program are anticipated in Q1 2026, and they are intended to support the ongoing Mineral Resource definition work and guide future project development.

This news release details a routine, but important, de-risking step in the development of the MPD project. The commencement of further metallurgical testwork, particularly with a focus on optimizing recoveries for both copper and gold, is a positive development. It builds on previous positive metallurgical results (June 10, 2025 news) which indicated that the mineralization is amenable to conventional processing and can yield a high-grade concentrate.

While positive, this news is not a "game changer." It confirms the company is progressing methodically through necessary project development stages. The previous metallurgical results already largely de-risked the processing aspect by confirming conventional amenability and good rougher recoveries. This new phase is about refinement and optimization, which is valuable for eventual economic studies but does not fundamentally alter the project's viability or scale as much as an initial resource estimate or a major new discovery would.

The inclusion of samples from all significant mineralized zones (Gate, Man, Dillard, West, Adit, South) ensures that the optimization efforts are comprehensive and will inform the overall project economics. The expectation of results in Q1 2026 aligns with the ongoing resource definition work and provides a clear timeline for the next data release in this area.

Overall, the news is a routine positive as it signifies continued methodical progress and de-risking of the project, reinforcing the value proposition but not introducing entirely new information that would materially change the investment thesis immediately.

Kodiak Copper Corp. (TSXV: KDK) is a Canadian mineral exploration company focused on developing its 100% owned MPD copper-gold porphyry project located in Southern British Columbia, Canada. The MPD project is situated in the Quesnel Terrane, a prolific copper-gold producing belt, and benefits from excellent year-round accessibility and infrastructure.

The company's strategy over the past seven years has been to consolidate the MPD district, which has expanded its landholdings to 357 square kilometers. Kodiak believes MPD has the potential to become a major, multi-centered porphyry district.

The MPD project encompasses seven main mineralized zones: Gate, Ketchan, Man, Dillard, West, Adit, and South (formerly Mid). The project is currently at the resource definition stage. Kodiak has been actively drilling these zones to delineate mineralization and has completed an initial Mineral Resource Estimate (MRE) on four of these zones (Gate, Ketchan, Man, Dillard) in June 2025, with a full MRE for all seven zones expected by Q4 2025. The initial MRE reported 56.4 million tonnes indicated at 0.42% CuEq and 240.7 million tonnes inferred at 0.33% CuEq (at a 0.2% CuEq cut-off).

Recent exploration has highlighted high-grade mineralization near surface, particularly at the Adit and West zones, and regional exploration has identified further targets at Dillard East and Star. Metallurgical testwork has confirmed that the copper mineralization is amenable to conventional processing, producing a high-grade concentrate with significant gold content.

Kodiak also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, and the Kahuna diamond project in the Northwest Territories, Canada, though its primary focus is MPD.