Coda Minerals is a mineral exploration company focused on discovering and developing minerals integral to a low carbon future.
Coda Minerals (ASX: COD) is listed on the Australian Stock Exchange (ASX) as of October 2020 after a successful, heavily oversubscribed IPO.
Additionally, Coda Minerals has an exceptional portfolio of projects from early exploration at Cameron River, and the Emmie Deeps IOCG deposit, through to the advanced development opportunity at the Emmie Bluff copper-cobalt project. This provides shareholders with significant exposure to a substantial copper-cobalt and copper-gold portfolio against the backdrop of an exceptional outlook for these metals over the next decade and beyond.
Coda’s projects in South Australia and Queensland
Elizabeth Creek Project (South Australia)
Coda’s flagship project is the Elizabeth Creek Copper Project, located in the heart of the world-class Olympic Dam Copper Province in South Australia. Elizabeth Creek lies 100km south of BHP Billiton’s Olympic Dam mine, 50km west of Oz Minerals’ Carrapateena project, and just 16km from BHP’s spectacular Oak Dam West discovery.
Coda announced a maiden Indicated and Inferred Mineral Resource Estimate for the Emmie Bluff deposit at Elizabeth Creek in late December, comprising 43Mt at 1.3% copper, 470ppm cobalt, 11g/t silver and 0.15% zinc (1.84% CuEq) (reported at a cut-off grade of 1% CuEq), containing approximately 560kt copper, 20kt cobalt, 15.5Moz silver, and 66kt zinc (800kt CuEq).
Emmie Bluff is one of three known sedimentary copper-cobalt deposits at Elizabeth Creek, which also includes JORC 2012 Compliant Indicated Mineral Resources at the Windabout (18Mt at 1.14% CuEq) and MG14 (1.8Mt at 1.67% CuEq) deposits. Collectively, the three Resources at Elizabeth Creek now host a total of 1.1 million tonnes of contained copper including over 20,000 tonnes of contained cobalt.
Coda has commenced scoping-level studies into mining and processing the Emmie Bluff deposit. Once completed, these studies will inform the decision to proceed to a full PFS, covering not only the Emmie Bluff deposit, but also the MG14 and Windabout deposits.
Hard on the heels of the maiden Resource, Coda recently announced a landmark merger with Torrens Mining (ASX: TRN), its joint venture partner which owns a 30% interest in the Elizabeth Creek Project.
The two companies have entered into a Bid Implementation Deed (BID) for a recommended conditional off-market takeover offer, pursuant to which Coda will offer to acquire all the issued ordinary shares of Torrens. Under the Offer, Torrens’ shareholders will receive 0.23 Coda shares for every one Torrens share held.
In June 2021, Coda announced a significant new discovery at Emmie Deeps, located close to the existing Emmie Bluff Resource. This pivotal intersection of iron-oxide copper gold (IOCG) mineralisation demonstrated the enormous potential for tier one discovery on the tenure.
Coda has followed this initial hole with a total of 14 mineralised intersections, including high grade bornite copper sulphides. Coda is actively following up and investigating the ’Emmie System’ which now contains both copper-cobalt, and copper-gold mineralisation within a highly concentrated project area.
Cameron River (Queensland)
The Cameron River Copper Gold Project is located approximately 60km east of Mt Isa in Queensland. The project consists of two Exploration Permits in the highly prospective Mt Isa Inlier, one of Australia’s premier mining regions.
Drilling at Cameron River will commence in April 2022 to follow up on multiple highly prospective copper-gold targets.
AREAS OF EXPERTISE:
- Mineral exploration;
- Base Metals;
- Copper; and
- Battery Minerals;
- Copper demand;
- Cobalt industry;
- Electric Vehicles; and
- Renewable Energy.