Coda Minerals Ltd · ASX:COD
Coda Minerals — Shareholder Meeting (November 2025)
23 slides from Coda Minerals's shareholder meeting presentation, Nov 7, 2025
Slide 1: Coda Minerals AGM Presentation November 2025
For personal use only ASX COD Coda Minerals AGM Presentation November 2025
Slide 2: Important Notices
ASX COD 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 esti
Slide 3: Website and Social Links
www.codaminerals.com CodCast Latest Presentation C ov erage Socials For personal use only Youtube LinkedIn Scoping Study Twitter o o
Slide 4: Coda Minerals Overview
SOUTH AUSTRALIA OLYMPIC DAM STAGE ELIZABETH OAK DAM WEST CARRAPATEENA Scoping Study Phase CREEK NPV7 (Pre-Tax) :1.3B & IRR: 39% For personal use only TEAM PORT AUGUSTA Experienced Board >17 Project Experience LOCATION South Australia Supportive jurisdiction, low sovereign risk ADELAIDE SOLID FOUNDAT
Slide 5: Major Cu-Ag-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-Ag-Co Total Area: 701 km2 Resource in an exceptional jurisdiction PORT AUGUSTA SOUTH AUSTRALIA with massive upside N 0 25 50 km
Slide 6: Coda's Copper Portfolio
ASX:COD ELIZABETH CREEK Total Area: 701 km2 EMMIE BLUFF CODA’S COPPER PORTFOLIO (FLAGSHIP) Underground 65.5Mt @ 1.6% CuEq Deposit For personal use only EMMIE DEEPS ~ 400m depth Iron Oxide Copper Gold (IOCG) Underground Deposit ~ 800m depth > 1 Million Tonnes of CuEq WINDABOUT Open Pit Deposit JORC R
Slide 7: Shallow by Global Standards
ASX:COD SHALLOW BY GLOBAL STANDARDS For personal use only EMMIE BLUFF WILL BE MINED AT • SHALLOWER DEPTH • LARGER AVERAGE MINED THICKNESS; AND • LOWER THROUGHPUT THAN IS ACHIEVED AT SIMILAR DEPOSITS WORLDWIDE Upper Lower Average Avg Mined Project Nation Mining Mining Productivity Thickness Depth Dep
Slide 8: We Have the Right Ingredients
WE HAVE THE RIGHT INGREDIENTS Location Geology For personal use only SA – Truly Tier 1 93% JORC Indicated $1.3B Environment NPV7 PRE-TAX Processing Advanced Approvals Innovative Flowsheet Mining Mine Plans – UG/OP For full details, please see ASX release New Flowsheet Delivers Significant Cu-Ag Econ
Slide 9: Corporate
ASX COD CORPORATE $0.105 362M $38M $13M* *After the quarter end, the Company raised approximately $12.33m (before costs) through an Entitlement Offer and Share Price Ordinary Shares Market Capitalisation Cash and Equivalents Institutional Placement. Current cash on For personal use only hand approxi
Slide 10: Metallurgy Changes
ASX:COD METALLURGY CHANGES Float & Albion Whole Ore Leach* RECOVERY For personal use only 29 Cu 81.4% 94.8% + 13% in Cu Recovery + 19% in Ag Recovery 47 Ag 79.5% 98.2% in 4-Hour Leach FLOWSHEET FLOTATION WHOLE ORE LEACH CAPEX Reduction $74M CAPEX reduction from eliminating the flotation and CONCENTR
Slide 11: Key Financial Metrics
ASX:COD KEY FINANCIAL METRICS NPV7 PRE-TAX NPV7 POST-TAX REVENUE COPPER SILVER (A$M) (A$M) (A$M) For personal use only $1,289M BASE $855M BASE $7,264M BASE 454Kt TOTAL PRODUCTION 20.3Moz TOTAL PROD. $1,813M SPOT $1,230M SPOT $8,198M SPOT 31.4Ktpa STEADY STATE 1.4Mozpa STEADY STATE IRR PRE-TAX IRR PO
Slide 12: Catalyst Rich Newsflow
CATALYST RICH NEWSFLOW Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Enhancing Resource Confidence For personal use only Drilling – Assay Results Resource Update Emmie Bluff Advancing Technical Studies Mining – Re-optimised Production Targets Cobalt Reintegration Metallurgy – Variability & Piloting to Con
Slide 13: PFS – Key to Commercialisation
PFS – KEY TO COMMERCIALISATION For personal use only PFS Most fundamental step on the road to development NPV7 (Pre-Tax) :1.3B & IRR: 39% VALUE UPLIFT Peers have seen huge value uplift Targeting a commercial outcome to unlock development TIMING Copper & Silver at historic highs Increasing M&A activi
Slide 14: Appendices
For personal use only Appendices
Slide 15: Appendix A: Statements – Mineral Resources
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 16: 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 17: Appendix B: Aggregated Mineral Resources at Elizabeth Creek
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 18: 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 Mineral
Slide 19: 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 20: 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 21: 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 22: Appendix F: Comparable Underground Copper Projects Data
APPENDIX F : COMPARABLE UNDERGROUND COPPER PROJECTS DATA Avg Mining Other Mine Name Company Project Status Location Thickness Depth Source Thickness Sources For personal use only Lubin KGHM Operating Poland 1.5-5.5m 2.8m 368-1006m https://kghm.com/sites/kghm2014/files/mrmr_english.pdf Polkowice- KGH
Slide 23: For personal use only
For personal use only 6 Altona Street West Perth WA 6005 08 6270 6331 info@codaminerals.com