Kodiak Copper Corp. (KDK) Earnings Call Transcript & Summary

Welcome to Planet MicroCap. I'm your host, Robert Kraft, and joining me today is Claudia Tornquist. She's the President and CEO of Kodiak Copper. It's a publicly traded company. It's got 2 symbols for you: KDK on the TSX Venture and KDKCF on the OTCQB. And Kodiak Copper will be presenting at the upcoming Precious Metals Summit Beaver Creek happening September 13 through 16, 2022. For more information, please visit precioussummit.com. And with that, Claudia, thank you so much for joining me today. How are you doing?

Thanks for having me. It's great to be here. I'm doing very well.

Absolutely. No. It's a pleasure to have you as always.

So for those that haven't seen any of our interviews in the past or this is their first time learning about Kodiak Copper, can you start us off with that quick overview of the company?

Yes. Kodiak is a copper porphyry exploration company focused on North America, backed by a great management team. The Founder and Chairman of Kodiak is Chris Taylor, who also founded Great Bear, our sister company, and just sold it recently for $1.8 billion to Kinross, so major discovery success. And Kodiak's also part of the Discovery Group founded by John Robins, which is a fantastic, strong group. I'm very fortunate to be part of it. And Kodiak's main project is called MPD. It's a copper-gold porphyry, Southern British Columbia, where we made a discovery called the Gate Zone, which was a real game changer to the company, and that was now, yes, just under 2 years ago. And we've been very busy drilling since big drill programs and have expanded our initial discovery.

Very good. So last time we actually did an interview together, we published that on April 17, 2022. So let's get an update. What would you say are some of the company's highlights since then?

Well, when we last spoke, we had just raised $9.6 million in March, which, with the benefit of hindsight, was very good timing just before the market weakness. And that means we are fully funded into 2023. Don't need to worry about financing but can concentrate on drilling. And we've been very busy executing a large drill program. We have 25,000 meters planned for this year. We are ahead of plan actually. It's going very well. And the initial focus was still on the Gate Zone. But now we are also drilling other targets, and that will be very exciting.

Very good. So you actually kind of hit on my next question a little bit there. But from what you can tell us, what would you then also say are some of the company's near-term value catalysts now moving forward? Is it drill results basically?

You've got it there. For us, the catalysts are drill results. The next set of results, which will be from the Gate Zone are coming out quite soon. They are played -- planned for later in September. That's when the lab tells us we'll get the results. So more drill results soon. But the real excitement in my mind is in the other new targets that we are now drilling. From all we can tell, what our data tells us, MPD is a large multicenter porphyry system, just like the neighboring mine, Copper Mountain. We found one high-grade porphyry center at the Gate Zone and are looking now to find more. We are testing multiple targets this year and, I think, have a very good chance for more discovery success.

Very good. All right. Well, Claudia, with that, where can our audience go and find more information on Kodiak Copper?

Our website is kodiakcoppercorp.com, and we're also on social media, of course.

Very good. Well, Claudia, thank you so much for joining me today. I really do appreciate it. Good luck, stay safe, and I look forward to our next update.

Thank you.

And again, Kodiak Copper will be presenting at the upcoming Precious Metals Summit Beaver Creek happening September 13 to 16, 2022. For more information, please visit precioussummit.com