Suzuki used that type of reed setup on their air-cooled motors through the late 70s. Bore size would narrow it down (up?) to at least a 250, as stated above. Too big to be a 125 IMO.
I thought the ATKs usd a rotary valved Rotax. Thought rotaries didn't use reed valves at all.
If I remember correctly , the 1978 RM 250 C2 that I restored for a buddy had a single reed setup similar to that ,