Kodiak Copper expands MPD project in British Columbia

Core Insights - Kodiak has agreed to acquire a 13.1km² claim package from Eagle Plains Resources, expanding its landholdings in the MPD project to 357km² [1] - The acquisition includes the Ketch claim block, which is strategically located next to the Ketchan deposit, indicating potential for further mineralization [1][2] - The company has initiated a 2,000-sample soil geochemical program targeting historical showings and new AI targets, with completion expected in November 2025 [1] Acquisition Details - The Ketch claim package will be acquired for 300,000 shares and a 2% net smelter return royalty, with an option to buy back 1% for $1.75 million (C$2.46 million) [4] - The agreement is subject to approval by the TSX-Venture Exchange [4] Project Potential - The Ketchan deposit, which has been drilled over an area of 1,800m x 500m, is a key component of the initial mineral resource estimate for MPD [2] - The newly acquired claims will allow Kodiak to expand operations in MPD Northwest, which features 24 known mineral occurrences, including six with significant porphyry-related copper-gold mineralization [5] - The initial resource estimate for the first four mineralized zones is expected in 2025, highlighting the project's potential [5][6] Strategic Vision - Kodiak's strategy to consolidate the MPD district over the past seven years has been crucial in generating the critical mass needed for the project [3] - The acquisition of the Ketch claim package is viewed as a logical next step to potentially extend the Ketchan deposit [4]