Kodiak Copper Corp. has identified a large, untested chargeability anomaly adjacent to the South deposit at its 100%-owned MPD copper-gold porphyry project in southern British Columbia.

The new target was uncovered by a recently completed 3D Induced Polarization survey that covered the South and Adit deposits and extended data coverage to the east. The chargeability anomaly extends over 900 metres and is separated from the South deposit by a magnetic low feature interpreted as a fault, suggesting it may represent a fault-displaced extension of the porphyry system. Kodiak has slated the target for drill testing in 2026.

The 2026 exploration program is advancing on schedule with two diamond drill rigs operating at the property, with a total of 16,500 metres planned and drilling expected to continue into Q4 2026. Kodiak has drilled a total of 6,348 metres in 32 core holes to date.

Drilling commenced at the Ketchan deposit, where 5,301 metres in 26 core holes have been drilled to date, while another 1,047 metres in six core holes have been completed at the West deposit to evaluate near-surface, high-grade mineralization. The company published an initial Mineral Resource Estimate for the MPD project in 2025 outlining seven substantial deposits, all of which remain open to expansion.

"Our 2026 exploration program continues to advance well, and we are encouraged by the results we are seeing to date," said Claudia Tornquist, President and CEO of Kodiak Copper. "The newly identified 3D-IP anomaly is particularly exciting, as it represents a large geophysical target that could indicate an extension of the South deposit. The significant scale of the anomaly exemplifies the opportunity to further expand mineralization and highlights the considerable exploration upside at MPD. We look forward to drilling this compelling target this year alongside several other priority targets for resource growth and new discovery."

— Claudia Tornquist, President and CEO

Initial assay results from the 2026 drilling are expected within a month, with further results to be released throughout the autumn and winter. The company also plans to release an updated Mineral Resource Estimate for the MPD project in the first quarter of 2027.

Read the full announcement: Kodiak Provides Exploration Update and Identifies Large Geophysical Target Adjacent to the South Deposit