Coda Minerals Ltd · ASX:COD
Coda Minerals — RIU Sydney Conference 2025
31 slides from Coda Minerals's conference presentation, May 7, 2025
Slide 1: Coda Minerals Investor Presentation
For personal use only ASX COD Coda Minerals Investor Presentation RIU Sydney Conference 7th May 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 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/riu-sydney-resources-round-up- 2025/
Slide 4: For personal use only
SOUTH AUSTRALIA OLYMPIC DAM OAK DAM WEST STAGE ELIZABETH CARRAPATEENA Scoping Study Phase CREEK NPV7 :1.2B & IRR: 35% For personal use only TEAM PORT AUGUSTA Experienced Board >17 Project Experience LOCATION South Australia Supportive jurisdiction, low sovereign risk ADELAIDE THEMATICS Future Facing
Slide 5: 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 2 May 2025 $0.079 $5.0M Share Price Cash and Equivalents 2 May 2025 31 March 2025 249M Robin Marshall Chris Stevens NON-EXECUTIVE DIRE
Slide 6: Question 1: What are Coda's assets and where are they located?
IMARC 2024 Pitch Battle RIU Conference Question 1: Question 1: For personal use only Question 1: ” What are Coda’s assets and where are they located?”
Slide 7: Elizabeth Creek Project location
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 8: Coda's Copper Portfolio
ASX:COD CODA’S COPPER PORTFOLIO EMMIE BLUFF FLAGSHIP Underground Deposit ~ 400m depth Production Target: 65.5Mt @ 1.6% CuEq 31.81Mt @ 1.19% Cu, 0.06% Co (1.81% CuEq) EMMIE DEEPS For personal use only > 1 Million Tonnes of CuEq Iron Oxide Copper Gold (IOCG) Underground Deposit ~ 800m depth Discovery
Slide 9: We Have the Right Ingredients
WE HAVE THE RIGHT INGREDIENTS Location Geology For personal use only SA – Truly Tier 1 93% JORC Indicated $1.2B Environment NPV7 PRE-TAX Processing Advanced Approvals Advanced Flowsheet Mining Mine Plans – UG/OP For full details on the Scoping Study, please see ASX release New Resources, Higher Reco
Slide 10: Question 2: How do you mine that?
IMARC 2024 Pitch Battle RIU 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 11: 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 12: Question 3: Confidence on the processing?
IMARC 2024 Pitch Battle RIU Conference Question 1: Question 3: For personal use only Question 1: ”Copper-Cobalt can be challenging, what is your confidence on the processing?”
Slide 13: Simplified Flowsheet
ASX:COD SIMPLIFIED FLOWSHEET PHASE ONE JAW CRUSHER ROM MILLING FLOTATION For personal use only 1 5 FINAL PRODUCTS CONCENTRATE COPPER SX/EW CATHODE PHASE TWO ALBION OXIDATIVE LEACH COBALT CRYSTALLISATION SULPHATE SILVER MERRILL-CROWE DORE TOWER ZINC PRECIPITATION CARBONATE Highly simplified processin
Slide 14: Simplified Flowsheet – Whole Ore Leach
ASX:COD SIMPLIFIED FLOWSHEET – WHOLE ORE LEACH JAW CRUSHER ROM MILLING WHOLE ORE LEACH For personal use only Conceptual Design – Under Investigation 1 6 FINAL PRODUCTS COPPER SX/EW CATHODE COBALT CRYSTALLISATION SULPHATE SILVER CARBON COLUMN DORE ZINC PRECIPITATION CARBONATE Highly simplified proces
Slide 15: Cobalt
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 17 *For full details on the Scoping Study, please see ASX release New Resources,
Slide 16: Question 4: Financial and production metrics?
IMARC 2024 Pitch Battle RIU 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 17: 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 18: 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 19: Question 5: Approvals and ESG derisking
IMARC 2024 Pitch Battle RIU Conference Question 1: Question 5: For personal use only Question 1: ”Companies and shareholders often underestimate the challenges of approvals and related ESG. How is Coda derisking this aspect of the project?”
Slide 20: Coda Minerals risk factors
ASX:COD CODA MINERALS SOVEREIGN RISK South Australia – Mining friendly jurisdiction For personal use only HERITAGE Productive positive working relationship with TOs ENVIRONMENT Advanced approvals process, non sensitive region COMMUNITY Established mining region, distant from major cities INFRASTRUCT
Slide 21: Question 6: What is the spark?
IMARC 2024 Pitch Battle RIU Conference Question 1: Question 6: 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 22: 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 23: Appendices
For personal use only Appendices
Slide 24: 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 25: 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 26: 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 27: 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 28: 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 29: Appendix D: Statements & 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 30: Appendix E: Board of Directors & 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 31: For personal use only
For personal use only 6 Altona Street West Perth WA 6005 08 6270 6331 info@codaminerals.com