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Coda Minerals (ASX: $COD) completes Elizabeth Creek Scoping Study update

Coda Minerals (ASX: $COD) completes key projects and releases study update


Coda Minerals (ASX: $COD) has completed the Updated Elizabeth Creek Copper-Cobalt Project Scoping Study, showing a substantial increase in the project's NPV8 to $735 million, representing a 29% rise from the previous study. The company also made progress in refining its exploration model for the Emmie IOCG and secured a joint application with Boss Energy for the 'Kinloch' project. Coda Minerals ended the quarter with $1.9 million cash on hand and has actively investigated funding options with significant interest received from potential partners.

Executive commentary on project updates and future plans


Coda Minerals Chair, Keith Jones, highlighted the company's focus on completing the Elizabeth Creek Copper Project Scoping Study Update, which has significantly improved project economics and reduced risk through optimization. The company is now investigating paste fill to optimize extraction at Emmie Bluff and new flotation techniques to enhance project economics. Coda Minerals is also building on its exploration pipeline and has made excellent progress in securing funding options with significant inbound interest received from potential partners.

Summary of Coda Minerals' recent activities and outlook


Coda Minerals has completed the Updated Elizabeth Creek Copper-Cobalt Project Scoping Study, demonstrating a substantial increase in project value. The company is actively investigating funding options and has made significant progress in this regard. With ongoing optimization of the Elizabeth Creek Study and exploration work, Coda Minerals aims to enhance its regional exploration pipeline and build on the productive work completed in the December quarter. The company's focus on refining its exploration model and securing joint projects reflects its commitment to long-term growth and value creation.

Sourcehttps://announcements.asx.com.au/asxpdf/20240131/pdf/05zxl0c02zrnj1.pdf

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