Coda Minerals Ltd · ASX:COD
Coda Minerals — Investor Presentation (April 2023)
28 slides from Coda Minerals's investor presentation, Apr 27, 2023
Slide 1: The Copper Growth Story on ASX
ASX COD For personal use only The Copper Growth Story on ASX Elizabeth Creek Copper-Cobalt Project Scoping Study
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 ASX release has been 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-Cobalt Project (The “Elizabe
Slide 4: Corporate Structure
CORPORATE STRUCTURE ASX COD TOP 5 SHAREHOLDERS (as of 17 March 2023) COD $32M For personal use only ASX Code Market Capitalisation Rank Shareholder 9.56% %IC 1 6.20% ANGANG GROUP HONG KONG (HOLDINGS) LTD 5.71% 8.39% TOP 5 SHAREHOLDERS, TOP 20 $0.22 $5.95M 26.44% 2 MR KEITH FRANCIS JONES & MRS JENNIF
Slide 5: Elizabeth Creek Project
ELIZABETH CREEK PROJECT OLYMPIC DAM - BHP 114KM NN ASX COD ROXBY DOWNS OAK DAM WEST - BHP For personal use only TIER 1 LOCATION 16KM NE • 701km2 of exploration tenure located approximately WOOMERA CARRAPATEENA - OZ MINERALS (BHP) 500km north of Adelaide, near the town of Woomera. 40KM EAST • In the
Slide 6: Scoping Study Summary
SCOPING STUDY SUMMARY ASX COD TECHNICALLY AND COMMERCIALLY ROBUST For personal use only Net Revenue Net Cash Flow Early cashflow and low CAPEX compared with peers in the Australian copper space. $5,728 $1,298 EXPOSURE TO COPPER PRICE UPSIDE $ Million $ Million Extreme supply shortages expected in th
Slide 7: Copper Supply Chasm
COPPER SUPPLY CHASM ASX COD For personal use only Supply Constraints • Existing mines are reaching their exhaustion point combined with geopolitical instability in key copper- producing nations impacting short-term supply Forecast • Global supply mined deficit grades up to 9.9 have declined Mt in 20
Slide 8: Elizabeth Creek Scoping Study Results in Detail
For personal use only Elizabeth Creek Scoping Study Results in Detail
Slide 9: Resources & Mining
RESOURCES & MINING EMMIE BLUFF 3 For personal use only UNDERGROUND MINING, PHASE 2 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 10: Processing (Phase One)
PROCESSING FLOTATION FLOTATION CON THICKENER CON DESLIME CYCLONES For personal use only PHASE ONE O/F CONCENTRATE SALES MG14 Concentrate Sales (25.3% Cu, 1.5% Co, 248 g/t Ag) (PHASE ONE) U/F PHASE 2 (Next Slide) CYCLONES JAW CRUSHER U/F ROM FEED O/F FLOTATION TAILS THICKENER TO PROCESS WATER BALL MI
Slide 11: Processing (Phase Two)
ACID PROCESSING FLOTATION CON NEUT THICKENER ACID NEUT Lime THICKENER PHASE 1 (Previous Slide) For personal use only PHASE TWO Windabout and Emmie Bluff Downstream Processing CCD RAFFINATE OXIDATIVE LEACH RICH ELECTROLYTE Cu CYANIDATION ELECTRO LEAN WINNING ELECTROLYTE Cu CuCATHODE CATHODE PRODUCT P
Slide 12: Infrastructure
Possible Borefield Location INFRASTRUCTURE Emmie Bluff ASX COD Emmie Bluff Location For personal use only ROAD AND RAIL • Road access via Stuart and Olympic Highway. Possible Borefield Location • Excellent dirt roads on site including Mt Gunson mine access road and recently completed Oz Minerals Wes
Slide 13: Heritage and ESG
HERITAGE AND ESG ASX COD For personal use only LOW HERITAGE AND ENVIRONMENTAL RISK • No heritage or environmental challenges identified from preliminary environmental surveys or heritage register search. • Strong relationship with the Traditional Owners, the Kokatha People. GREEN ENERGY HOTSPOT • Th
Slide 14: Economic Outcomes
ECONOMIC OUTCOMES ASX COD For personal use only $5,728M $1,298M 317,000 t of Cu at a steady-state1 average of 25,000 tpa Net Revenue (A$M) Net Cash Flow (A$M) 14,400 t of Co at a steady-state1 average of 1,000 tpa $570M $438M Pre-Tax Annual Cash Flow (A$M) NPV8 (Pre Tax) (A$M) Peak Negative Cashflow
Slide 15: Sensitivity and Upside Case
SENSITIVITY AND UPSIDE CASE ASX COD SENSITIVITY ANALYSIS (A$M) SENSITIVITY ANALYSIS (A$M) – COPPER PRICE For personal use only 0 300 570 900 1,200 250 0 70% 60% Exchange Rate $45 $1,358 2000 Pre Tax NPV ($A Million) 50% Copper Revenue $124 $1,016 Pre Tax IRR (Price, Recovery or Grade) 1500 40% Proce
Slide 16: The Path Forward
THE PATH FORWARD Ambitious Value Driver Approach ASX COD For personal use only PFS Study Work Exploration Commercialisation 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 17: Exploration Results in Detail
For personal use only Exploration Results in Detail
Slide 18: Original Exploration Model at Emmie IOCG
ORIGINAL EXPLORATION MODEL AT EMMIE IOCG ASX COD For personal use only 700m 900m Conduit II Conduit I BEST DRILL RESULTS1 BORNITE DOMINATED 803m 27m @ 2.0% Cu, 0.29 g/t Au Conduit III EBD3W2 69m CHALCOPYRITE DOMINATED 912m 42m @ 1.2% Cu, 0.28 g/t Au BORNITE DOMINATED 10m 814m 10m @ 2.9% Cu, 0.39 g/t
Slide 19: Ambient Noise Tomography (ANT)
AMBIENT NOISE TOMOGRAPHY (ANT) ASX COD ANT interpretation has improved Coda’s understanding of the Emmie System and provided an explanation of results to date. For personal use only Tapley Hill Formation – Cu Co Host Rock HORST HORST GRABEN GRABEN AMBIENT NOISE TOMOGRAPHY SURVEYS • Three ANT Surveys
Slide 20: The Emmie System
Nominal Vertical LEGEND THE EMMIE SYSTEM Simmens Quartzite Scale: 50m Neoproterozoic Cover Tapley Hill Formation Shale ASX COD Cooraberra Sandstone Structural relationship between shale hosted Shale hosted Cu-Co Mineralisation For personal use only and IOCG mineralisation coming into focus Pandurra
Slide 21: Exploration Targeting
EXPLORATION TARGETING ASX COD Exploration implications of new interpretation provide new targets For personal use only SEDIMENT HOSTED Cu-Co BHP (65%)/Red Tiger (35%) • Large roughly N/S trending palaeovalley associated with drilled Tapley and prominent velocity anomaly. Coda Minerals (100%) • Veloc
Slide 22: Other Exploration Opportunities
OTHER EXPLORATION OPPORTUNITIES ASX COD Coda owns exploration tenure in Queensland, Victoria and New South Wales For personal use only CAMERON RIVER Cameron River - (Cu-Au) • Copper bearing system identified, with anomalous copper confirmed by pXRF Balmoral - (REE, HMS, Au) • 369km2 exploration tenu
Slide 23: Appendices
For personal use only Appendices
Slide 24: Appendix A: Statements
APPENDIX A: STATEMENTS Mineral Resources & Competent Person Statement For personal use only Mineral Resources and Exploration Targets 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 25: Appendix B: Metal Equivalent Calculations
APPENDIX B: METAL EQUIVALENT CALCULATIONS Statement Regarding Metal Equivalent Calculations For personal use only 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 t
Slide 26: Appendix B: Metal Equivalent Calculations (continued)
APPENDIX B: METAL EQUIVALENT CALCULATIONS Statement Regarding Metal Equivalent Calculations (continued) For personal use only The calculation of this metal equivalent is based on the following assumptions: Metal Mining Dilution % Recovery % Payability % Forecast Price Price Unit Recovery % Copper 0.
Slide 27: Appendix C: Board of Directors & Senior Management
APPENDIX C: BOARD OF DIRECTORS & SENIOR MANAGEMENT ASX COD For personal use only Keith Jones Chris Stevens NON-EXECUTIVE CHAIR CHIEF EXECUTIVE OFFICER, DIRECTOR Chartered Accountant and senior mining industry leader with over 40 years of Mineral economist, feasibility and project valuation specialis
Slide 28: For personal use only
For personal use only 6 Altona Street West Perth WA 6005 08 6270 6331 info@codaminerals.com