Coda Minerals Limited
COD.AX
Australian Securities Exchange0.12
AUD
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Coda Minerals Limited
COD.AX
(Australian Securities Exchange)
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0.12
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div
yld
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ROIC.AI
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- Coda Minerals Limited Coda Minerals Limited (ASX:COD) is an Australia-based exploration company focused on the exploration, discovery and development of minerals in the base metals, precious metals and battery minerals sectors. Incorporated in 2018 and headquartered at 6 Altona Street, West Perth, Western Australia, the company holds 100% interest in the flagship Elizabeth Creek Copper-Cobalt Project spanning 701 square kilometers in South Australia's Olympic Copper Province, 100 kilometers south of BHP's Olympic Dam and 40 kilometers west of OZ Minerals' Carrapateena; it also maintains interests in the Cameron River Copper-Gold Project covering 35 square kilometers 60 kilometers east of Mount Isa in Queensland's Mt Isa Inlier, the Booleroo Project encompassing 202 square kilometers east of Port Augusta targeting Tapley Hill Formation shale and copper, and the expansive 3,184 square kilometer Kinloch Project in eastern South Australia associated with Boss Energy. The Elizabeth Creek project features JORC 2012-compliant indicated resources totaling 65.5 million tonnes grading 1.1% copper equivalent containing 725,800 tonnes of copper, 33,000 tonnes of cobalt, 28 million ounces of silver and 75,000 tonnes of zinc across deposits including Emmie Bluff, Windabout and MG14, with demonstrated copper production history, advanced metallurgical flowsheets yielding over 95% copper recovery, and extensive exploration potential including iron oxide copper-gold systems. Coda explores for copper, cobalt, gold, silver, uranium, zinc, rare earth elements and other battery minerals, targeting sustainable development to meet electrification and renewable energy demands through value-accretive projects. In June 2022, Coda completed an off-market takeover of Torrens Mining Limited to consolidate 100% ownership of Elizabeth Creek; more recently in October 2025, it secured $12.3 million in funding through an oversubscribed $8.3 million entitlement offer at $0.10 per share and a $4 million institutional placement at $0.105 per share, providing approximately $14 million in cash reserves to fully fund a comprehensive Pre-Feasibility Study including 6,000-7,000 meters of diamond drilling across 19 holes at Emmie Bluff, updated mineral resource estimates, metallurgical optimization, geotechnical assessments, mine planning trade-offs, water supply studies, engineering designs and environmental approvals processes such as the Scoping Report, with drilling already underway using multiple rigs to support development milestones through 2025 and 2026.