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Coda Minerals Ltd ( (AU:COD) ) has issued an announcement.
Coda Minerals has used a strongly supported capital raising of about A$12.3 million to fund a major new drilling campaign and accelerate the Pre‑Feasibility Study (PFS) at its Elizabeth Creek copper‑silver project in South Australia. During the December 2025 quarter the company completed roughly 70% of a 6,000‑7,000 metre PFS‑level drilling program designed to deliver geotechnical and metallurgical samples and underpin a re‑estimation of the Emmie Bluff mineral resource, while also appointing an experienced study manager and specialist consultants to strengthen its technical capabilities. With A$11.25 million in cash at the end of the quarter and benefiting from sharply higher copper and silver prices, Coda plans to complete drilling and rehabilitation by early February, commence water‑bore drilling and metallurgical variability testwork in the March quarter, and deliver a steady flow of assay, metallurgical and geotechnical results that will inform progressive technical updates and shape the PFS through early 2026.
The most recent analyst rating on (AU:COD) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Coda Minerals Ltd stock, see the AU:COD Stock Forecast page.
More about Coda Minerals Ltd
Coda Minerals Ltd is an Australian exploration and development company focused on the Elizabeth Creek copper-silver project in South Australia. The company is advancing this project through detailed technical studies and drilling, aiming to position itself in a strengthening market for copper and silver amid higher commodity prices.
Average Trading Volume: 830,637
Technical Sentiment Signal: Buy
Current Market Cap: A$68.82M
See more insights into COD stock on TipRanks’ Stock Analysis page.