Coda Minerals Ltd · ASX:COD
Coda Minerals — RIU Explorers Conference 2025
31 slides from Coda Minerals's conference presentation, Feb 20, 2025
Slide 1: Coda Minerals Investor Presentation
For personal use only ASX COD Coda Minerals Investor Presentation RIU Explorers Conference 20 February 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/riu-explorers-conference-2025/
Slide 4: Corporate, board and senior management
ASX COD CORPORATE BOARD OF DIRECTORS COD $22M Paul Hallam Keith Jones ASX Code Market Capitalisation NON-EXECUTIVE CHAIR NON-EXECUTIVE DIRECTOR For personal use only 17 February 2025 $0.09 $6.0M Share Price Cash and Equivalents 17 February 2025 31 December 2024 249M Robin Marshall Chris Stevens NON-
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 location in South Australia
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 a flat ore body?
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 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: Cobalt recovery and final product
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 11 For full details on the Scoping Study, please see ASX release New Resources, Higher Re
Slide 12: 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 13: Scoping Study NPV and IRR
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 14: Steady state production, capex and AISC
ASX:COD STEADY STATE PRODUCTION 26.7Ktpa $331M 29 Cu For personal use only COPPER PRE-PRODUCTION CAPEX 1.3Ktpa $1.80 27 Co COBALT AISC USD/lb Cu 1.13MOz 47 Ag SILVER For full details on the Scoping Study, please see ASX release New Resources, Higher Recoveries Boost Elizabeth Creek Value on 3rd Dece
Slide 15: Mined production and cashflow
ASX:COD MINED PRODUCTION & CASHFLOW Mined Production by Mineral Resource Category, Elizabeth Creek Pre-Tax Annual Cash Flow (A$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 16: 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 17: 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 18: Question 5: Exploration upside at Elizabeth Creek
IMARC 2024 Pitch Battle RIU Explorers Conference Question 1: Question 5: For personal use only Question 1: ”What is the exploration upside at Elizabeth Creek?”
Slide 19: Emmie East offers major scale opportunity
ASX:COD EMMIE EAST OFFERS MAJOR SCALE OPPORTUNITY Advanced AdvancedTarget TargetGeneration Generation • Drill targets backed by extensive multi-method For personal use only independent geophysical review, with primary target clear in both seismic and MT. • Coincident anomalism is the gold-standard o
Slide 20: Emmie Deeps IOCG upside
SOUTH AUSTRALIA ASX:COD Emmie Deeps (IOCG) PROMINENT HILL June 2021 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 ELIZABE
Slide 21: Question 6: What is the spark for Coda?
IMARC 2024 Pitch Battle RIU Explorers 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