Coda Minerals Ltd · ASX:COD
Coda Minerals — RIU Sydney Resources Round-up 2023
21 slides from Coda Minerals's conference presentation, May 9, 2023
Slide 1: The Copper Growth Story on ASX
ASX COD For personal use only The Copper Growth Story on ASX Presentation to RIU Sydney Resources Round-up May 2023
Slide 2: Important Notices
Important Notices Nature of this document: The purpose of this presentation is to provide general information about Coda Minerals Limited (ACN 625 763 957) (the ‘Company’). Unless otherwise stated herein, the information in this presentation is based on the Company’s own information and estimates as
Slide 3: Cautionary Statement
Cautionary Statement The Scoping Study referred to in this presentation was released to ASX on 23 March 2023 undertaken for the purpose of initial evaluation of the potential for development of a series of open pit and underground mines and a mineral processing facility at the Elizabeth Creek Copper
Slide 4: Corporate
CORPORATE ASX COD TOP 5 SHAREHOLDERS (as of 4 May 2023) $44M COD ASX Code Market Capitalisation For personal use only RANK SHAREHOLDER %IC 1 Angang Group Hong Kong (Holdings) Ltd 8.39% TOP 5 SHAREHOLDERS, $0.31 $5.9M 26.19% TOP 20 2 Mr Keith Francis Jones & Mrs Jennifer Jones 5.53% OTHER SHAREHOLDER
Slide 5: History
HISTORY ASX COD Mining at Elizabeth Creek goes back over 100 years Coda Minerals Listed on the 28th of October 2020 For personal use only with its flagship asset, the Elizabeth Creek Copper- Cobalt Project In Ground Resources at listing: 250,000 t CuEq • MG14 – 1.8Mt @ 1.67% CuEq • Windabout – 17.7M
Slide 6: The Journey to Scoping
THE JOURNEY TO SCOPING ASX COD Priorities: resolve metallurgy and find more ore SCALE • Emmie Bluff Resource Definition: 16,900 metres across 38 holes, 60 km of For personal use only 2D seismic • Defined Resource: 43MT @ 1.84% CuEq, 721 kt contained CuEq, majority Indicated METALLURGY • Bulk concent
Slide 7: Resources & Mining
RESOURCES & MINING EMMIE BLUFF 3 UNDERGROUND MINING, PHASE 2 For personal use only Resource 43.3 Mt @ 1.30% Cu, 0.05% Co (1.84% CuEq)* Production Target 26.2Mt @ 1.42% Cu, 0.04% Co (1.86% CuEq) WINDABOUT 2 OPEN PIT MINING, PHASE 2 Resource (100% Indicated) 17.67 Mt @ 0.77% Cu, 0.05% Co (1.41% CuEq)
Slide 8: Scoping Study Released - A$570M NPV8 (Pre Tax)
STUDY ASX COD Scoping Study Released - A$570M NPV8 (Pre Tax) CAPEX $5,728M $1,298M Net Revenue (A$M) Net Cash Flow (A$M) • Phased approach to processing will see For personal use only concentrate sales from MG14, followed by high value-add hydromet processing $570M $438M • Early cashflow and staged
Slide 9: Exceptional Copper Exposure
EXCEPTIONAL COPPER EXPOSURE ASX COD Elizabeth Creek is positioned to benefit from drive towards electrification Pre Tax NPV For personal use only PROJECT UPSIDE Pre Tax IRR • Low sensitivity to CAPEX - low capital intensity. • OPEX optimisation from new approaches to mining and 2500 75% processing P
Slide 10: Exploration
For personal use only Exploration Massive blue sky potential
Slide 11: History - IOCG Emmie Bluff
HISTORY - IOCG EMMIE BLUFF Substantial IOCG exploration in Tier 1 jurisdiction EMMIE IOCG KNOWN IOCG POTENTIAL For personal use only • Grawler Craton - Iron Oxide Copper Gold (IOCG) elephant country • Emmie IOCG – Known since time of Olympic WINDABOUT MG14 Dam discovery FOCUS ON EMMIE IOCG Emmie Blu
Slide 12: Drill Success
DRILL SUCCESS ASX COD Breakthrough drillhole in June 2021 DRILL SUCCESS For personal use only • First drillhole into Emmie IOCG: - EB18, aggregate 35m @ >1% Cu from 797m1 • Early drilling success led to more drilling and more success; 803m 27m @ 2.0% Cu, 0.29 g/t Au EBD3W2 BEST DRILL RESULTS1 912m 4
Slide 13: ANT and Beyond
ANT AND BEYOND BHP (65%)/Red Tiger (35%) Advanced target generation positions for success Coda Minerals (100%) ANT FOR IOCG For personal use only • Ambient Noise Tomography (ANT) Survey provided a new paradigm and new targets • Identified NE/SW structure strongly associated with mineralisation and g
Slide 14: The Path Forward
THE PATH FORWARD ASX COD Ambitious Value Driver Approach PFS Study Work Exploration Commercialisation For personal use only Mechanical Cutting Study Emmie IOCG Cash Management • UG mining cost reduction • Advanced geophysics • $5.9m in bank • Faster, more selective • Next Gen Targeting • Current pro
Slide 15: Appendices
For personal use only Appendices
Slide 16: Appendix A: Statements
APPENDIX A: STATEMENTS Mineral Resources & Competent Person Statement Mineral Resources and Exploration Targets For personal use only 1. MG14 Indicated Mineral Resource: The information is extracted from the report entitled "Mt Gunson Copper-Cobalt Project Update" created on 19 January 2018 and is a
Slide 17: Appendix B: Metal Equivalent Calculations
APPENDIX B: METAL EQUIVALENT CALCULATIONS Statement Regarding Metal Equivalent Calculations Metal Equivalent grades are quoted for one or more of the Emmie Bluff, Windabout and MG14 Mineral Resources, or for exploration results considered by the company to be related directly to one of these Mineral
Slide 18: Appendix B: Metal Equivalent Calculations (continued)
APPENDIX B: METAL EQUIVALENT CALCULATIONS Statement Regarding Metal Equivalent Calculations (continued) The calculation of this metal equivalent is based on the following assumptions: For personal use only Metal Mining Dilution % Recovery % Payability % Forecast Price Price Unit Recovery % Copper 0.
Slide 19: Appendix C: Statements & References
APPENDIX C: STATEMENTS & REFERENCES Production Targets The information in relation to production targets included in this presentation specifically on slide 8 is taken from the Scoping Study published on 23 March 2023. For personal use only The company confirms that it is not aware of any new inform
Slide 20: Appendix D: Board of Directors & Senior Management
APPENDIX D : BOARD OF DIRECTORS & SENIOR MANAGEMENT Keith Jones Chris Stevens NON-EXECUTIVE CHAIR CHIEF EXECUTIVE OFFICER, DIRECTOR For personal use only Chartered Accountant and senior mining industry leader with over 40 years of Mineral economist, feasibility and project valuation specialist. Form
Slide 21: For personal use only
For personal use only 6 Altona Street West Perth WA 6005 08 6270 6331 info@codaminerals.com