Coda Minerals Ltd · ASX:COD
Coda Minerals — RRS Adelaide Conference 2025
34 slides from Coda Minerals's conference presentation, Apr 10, 2025
Slide 1: Coda Minerals Investor Presentation
For personal use only ASX COD Coda Minerals Investor Presentation RRS Adelaide Conference 10 April 2025
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: 3D interactive version of presentation available online
For personal use only A 3D interactive version of the latest presentation can be found on the Company’s website at https://www.codaminerals.com/blog/rrs-adelaide-conference-2025/
Slide 4: Corporate, Board and Senior Management
ASX COD CORPORATE BOARD OF DIRECTORS COD $20M Paul Hallam Keith Jones ASX Code Market Capitalisation NON-EXECUTIVE CHAIR NON-EXECUTIVE DIRECTOR For personal use only 7 April 2025 $0.079 $6.0M Share Price Cash and Equivalents 7 April 2025 31 December 2024 249M Robin Marshall Chris Stevens NON-EXECUTI
Slide 5: Question 1: What are Coda's assets and where are they located?
IMARC 2024 Pitch Battle RIU Explorers Conference Question 1: Question 1: For personal use only Question 1: ” What are Coda’s assets and where are they located?”
Slide 6: Elizabeth Creek: Major Cu-Co resource in an exceptional jurisdiction
ASX COD OLYMPIC DAM - BHP 114KM NN ROXBY DOWNS OAK DAM WEST - BHP For personal use only 16KM NE WOOMERA CARRAPATEENA - BHP CODA MINERALS 40KM EAST ELIZABETH CREEK Major Cu-Co Total Area: 701 km 2 Resource in an exceptional jurisdiction N PORT AUGUSTA SOUTH AUSTRALIA with massive upside 0 25 km 50 EL
Slide 7: Coda's Copper Portfolio and JORC Resource Summary
Possible Borefield Location Emmie Bluff ASX:COD CODA’S COPPER PORTFOLIO Production Target: 31.81Mt @ 1.19% Cu, 0.06% Co (1.81% CuEq) Emmie Deeps JORC RESOURCE SUMMARY Discovery Hole: > 1 Million tonnes contained CuEq EB18, aggregate 35m @ >1% Cu from 797m 1 For personal use only Resource Confidence
Slide 8: Question 2: How do you mine that?
IMARC 2024 Pitch Battle RIU Explorers Conference Question 1: Question 2: For personal use only Question 1: ”The ore body looks remarkably flat, almost like a coal seam. How do you mine that?”
Slide 9: Emmie Bluff Underground Mining
ASX:COD EMMIE BLUFF UNDERGROUND MINING 86% 13 Years 400m For personal use only Extraction Panel % Mine Life 31.81Mt @ 1.81% CuEq Emmie Bluff Production Target Mechanical Cutting with Pillar Recovery# Mining Method For full details on the Scoping Study, please see ASX release New Resources, Higher Re
Slide 10: Question 3: Confidence on the processing?
IMARC 2024 Pitch Battle RIU Explorers Conference Question 1: Question 3: For personal use only Question 1: ”Copper-Cobalt can be challenging, what is your confidence on the processing?”
Slide 11: Processing Flowsheet
FLOTATION TAILS DESLIME CYCLONES THICKENER TO PROCESS ASX:COD FLOWSHEET WATER O/F U/F TAILINGS STORAGE FACILITY PHASE ONE CONCENTRATE MG14 Concentrate Sales (25.3% Cu, 1.5% Co, 248 g/t Ag) U/F SALES FLOTATION FLOTATION CON ACID ACID NEUT (PHASE ONE) THICKENER NEUT THICKENER PHASE TWO For personal us
Slide 12: Cobalt: High Recovery, Final Product
ASX:COD COBALT HIGH RECOVERY* FINAL PRODUCT CRITICAL MINERAL For personal use only -O O CARROLLITE CuCo2S4 +85% S Co2+ O O- TO CONCENTRATE COBALT(II) SULPHATE PRODUCTION TAX CREDIT CoSO4 +93% TO FINAL PRODUCT VIA ALBION 12 *For full details on the Scoping Study, please see ASX release New Resources,
Slide 13: Question 4: Financial and production metrics?
IMARC 2024 Pitch Battle RIU Explorers Conference Question 1: Question 4: For personal use only Question 1: ”What are the Elizabeth Creek Copper- Cobalt-Silver Project’s financial & production metrics?”
Slide 14: Scoping Study
ASX:COD SCOPING STUDY $1.2B 35% For personal use only EXCHANGE RATE USD:AUD 0.68 COPPER PRICE USD/T $9,260 NPV7 PRE-TAX IRR PRE-TAX COBALT PRICE USD/T $43,7671 $802M 28% NPV7 POST-TAX IRR POST-TAX SILVER PRICE USD/OZ ZINC PRICE USD/T $30 $2,700 [1] Denotes forecast cobalt price on commencement of mi
Slide 15: Steady State Production
ASX:COD STEADY STATE PRODUCTION 26.7Ktpa $331M 29 Cu For personal use only COPPER PRE-PRODUCTION CAPEX 1.3Ktpa $1.80 27 Co COBALT AISC USD/lb Cu 1.13MOz 47 Ag SILVER For full details on the Scoping Study, please see ASX release New Resources, Higher Recoveries Boost Elizabeth Creek Value on 3rd Dece
Slide 16: Mined Production and Cashflow
ASX:COD MINED PRODUCTION & CASHFLOW Mined Production by Mineral Resource Category, Elizabeth Creek Pre-Tax Annual Cash Flow (A$M) 5,000,000 2.50% 500 2,600 4,500,000 2,400 For personal use only 400 2,200 4,000,000 2.00% 2,000 3,500,000 1,800 300 Cumulative Cashflow (A$M) 1,600 3,000,000 1.50% Annual
Slide 17: Sensitivity Analysis
ASX:COD SENSITIVITY ANALYSIS Sensitivity Analysis (+/- 20%) Commodity Price Sensitivity Analysis 3,500 70% $25 $250 $500 $750 $750 $1,000 $1,181 $1,250 $1,500 $1,750 $1,750 $2,000 $2,250 $2,250 For personal use only 0 2,993 Exchange Rate 472 2,244 3,000 60% 2,677 Copper Revenue Pre-Tax NPV ($A Milli
Slide 18: Timeline to Production
E L I Z AB E T H CR E E K S CO PI NG S T UD Y 2024 ASX:COD TIMELINE TO PRODUCTION 2025 2026 2027 2028 2029 2029 FEASIBILITY SCOPING STUDY RELEASED For personal use only STUDIES PFS BFS APPROVALS FID CONSTRUCTION CONSTRUCT FLOTATION PLANT CONSTRUCT HYDROMET PLANT PRESTRIP - MG14 PRESTRIP - WINDABOUT
Slide 19: Question 5: Next technical and economic step changes?
ASX:COD IMARC 2024 Pitch Battle RIU Explorers Conference Question 1: Question 5: For personal use only Question 1: ”What is going to drive the next major technical and economic step changes?”
Slide 20: Copper Recovery: Whole Ore Leaching and Halion Loop
COPPER RECOVERY* INVESTIGATING GOAL For personal use only +83% TO CONCENTRATE WHOLE ORE LEACHING IN PLACE OF FLOTATION & ALBION IMPROVE RECOVERY DECREASE CAPEX +98% TO COPPER CATHODE HALION LOOPTM IN PLACE OF ALBION DECREASE OPEX VIA ALBION 20 *Emmie Bluff Copper Recoveries. For full details on the
Slide 21: Question 6: Exploration upside at Elizabeth Creek?
IMARC 2024 Pitch Battle RIU Explorers Conference Question 1: Question 6: For personal use only Question 1: ”What is the exploration upside at Elizabeth Creek?”
Slide 22: Drilling Identifies Potential Emmie Bluff Extension
ASX:COD DRILLING IDENTIFIES POTENTIAL EMMIE BLUFF EXTENSION Mineralised Advanced Target TapleyGeneration Encountered • Hole EB0038 encountered narrow widths of For personal use only copper mineralisation, demonstrating the potential for extensions beyond current Resource boundary • 1,000m by 300m so
Slide 23: Emmie Deeps (IOCG)
SOUTH AUSTRALIA ASX:COD Emmie Deeps (IOCG) PROMINENT HILL Remains unfinished business offering huge potential upside OLYMPIC DAM For personal use only Gawler Craton – Copper Elephant Country OAK DAM WEST EMMIE DEEPS CARRAPATEENA - 5th major IOCG system discovered in South Australia ELIZABETH CREEK P
Slide 24: Question 7: What is Coda's spark?
IMARC 2024 Pitch Battle RIU Explorers Conference Question 1: Question 7: For personal use only Question 1: ”What is the spark that gets Coda from here to the next landing? What are you trying to do as a Company?”
Slide 25: What Is Coda's Spark?
SOUTH AUSTRALIA ASX:COD WHAT IS CODA’S SPARK? PROMINENT HILL INNOVATIVE OLYMPIC DAM For personal use only OAK DAM WEST Value uplift through technical value add CARRAPATEENA ELIZABETH CREEK PROJECT EXPERIENCED PORT AUGUSTA Board has exceptional track record of project development QUALITY ASSET ADELAI
Slide 26: Appendices
For personal use only Appendices
Slide 27: Appendix A: Statements
APPENDIX A: STATEMENTS Mineral Resources Mineral Resources and Exploration Targets For personal use only 1. MG14 Indicated Mineral Resource: The information is extracted from the report entitled "Confirmation Statements JORC" created on 26th October 2020 and is available to view at: https://cdn-api.
Slide 28: Appendix A: Competent Person Statement
APPENDIX A: STATEMENTS Competent Person Statement Competent Person Statement for JORC 2012 Mineral Resources - MG14 & Windabout For personal use only This report was prepared in accordance with the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
Slide 29: Appendix B: Mineral Resources
APPENDIX B: MINERAL RESOURCES Aggregated Mineral Resources at Elizabeth Creek OPEN PIT Proposed Tonnage Cut-off Copper Cobalt Silver Zinc Copper Equivalent For personal use only Resource Category Type Mining Mt Grade Grade Contained Grade Contained Grade Contained Grade Contained Grade Contained Met
Slide 30: Appendix C: Metal Equivalent Calculations
APPENDIX C: 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 Miner a
Slide 31: Appendix C: Metal Equivalent Calculations (continued)
APPENDIX C: 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 32: Appendix D: Statements and References
APPENDIX D: STATEMENTS & REFERENCES Production Targets – Listing Rule 5.19.2 For personal use only In relation to any Production Target or any forecast financial information based on any Production Target quoted or referenced in this announcement, the Company confirms that all material assumptions u
Slide 33: Appendix E: Board of Directors and Senior Management
APPENDIX E : BOARD OF DIRECTORS & SENIOR MANAGEMENT Keith Jones Susan Park NON-EXECUTIVE CHAIR COMPANY SECRETARY For personal use only Chartered Accountant and senior mining industry leader with over 40 years of Over 25 years’ experience in the corporate finance industry and extensive corporate advi
Slide 34: For personal use only
For personal use only 6 Altona Street West Perth WA 6005 08 6270 6331 info@codaminerals.com