Orogen talks mineral resource estimate on Kodiak's MPD

Executive Summary

• Orogen Royalties Inc. highlights Kodiak Copper Corp.'s initial mineral resource estimate (MRE) for the MPD copper-gold project in British Columbia, specifically focusing on the South, West, and Adit deposits within Orogen's royalty area.
• The total indicated resource is 82.9 million tonnes grading 0.39% copper equivalent (CuEq), containing 519 million pounds of copper and 390,000 ounces of gold.
• The total inferred resource is 356.3 million tonnes grading 0.32% CuEq, containing 1,889 million pounds of copper and 1.28 million ounces of gold.
• Orogen holds a 2% Net Smelter Return (NSR) royalty on the southern area of the MPD project, with a 0.5% buydown option for $2 million.

Key Details

• Royalty Terms: Orogen holds a 2% NSR royalty on the southern area of the MPD project, subject to a 0.5% buydown for $2 million.
• Indicated Resources (Total MPD):
  • 82.9 million tonnes at 0.39% CuEq.
  • 519 million pounds of copper.
  • 390,000 ounces of gold.
  • Attributable to Orogen: 134 million pounds of copper and 140,000 ounces of gold.
• Inferred Resources (Total MPD):
  • 356.3 million tonnes at 0.32% CuEq.
  • 1,889 million pounds of copper.
  • 1.28 million ounces of gold.
  • Attributable to Orogen: 599 million pounds of copper and 320,000 ounces of gold.
• Deposit Characteristics:
  • West and Adit Deposits: Host high-grade mineralization extending from the surface.
  • South Deposit: A larger bulk-tonnage deposit over one kilometer in length that remains underexplored.
• Exploration Potential: Mineralization at all three deposits remains open in several directions and at depth, indicating potential for resource growth.
• Future Plans: Drilling by Kodiak in 2026 is focused on resource expansion and growth.
• Technical Review: Data reviewed and approved by Dr. Laurence Pryer, PhD, PGeo, Vice-President of Exploration for Orogen, a Qualified Person under NI 43-101.

Notable Quotes

• "Orogen purchased the southern lands of the MPD project in 2015, a time when the commodity cycle made exploration difficult and acquisition prices were favourable. We have been successful in having the ground partnered to various companies and are pleased to see this outcome. The initial MRE at MPD represents a significant milestone for the project and Kodiak. We are encouraged by the growth potential of MPD and look forward to the resource expansion plan and exploration in 2026." — Paddy Nicol, CEO of Orogen Royalties Inc.