Coda Minerals boosts Elizabeth Creek economics on copper and silver price surge

Coda Minerals Ltd ( (AU:COD) ) has provided an update.

Coda Minerals has updated the economics of its Elizabeth Creek Copper-Silver Project, re-releasing figures after adjusting the mine schedule to exclude Inferred Resources from the final two years of production and confirming that the project’s viability does not rely on these lower-confidence resources. The company maintains that technical and cost assumptions remain within Scoping Study accuracy and notes that Inferred material represents only a small portion of early-life production.

A sharp uplift in forecast and spot prices for copper and silver has materially strengthened project metrics compared with the August 2025 Scoping Study, prompting a revised copper-silver base case that simplifies the development plan and reduces commodity risk while preserving cobalt as longer-term upside. Under updated price assumptions, Elizabeth Creek is now estimated to produce 454,000 tonnes of copper and 20 million ounces of silver, with a pre-tax NPV(7) of about A$2.25 billion, an IRR of 56%, rapid 2.5-year payback and further upside at spot prices, supporting the project’s progression through a well-funded Pre-Feasibility Study.

The most recent analyst rating on (AU:COD) stock is a Hold with a A$0.20 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 ASX-listed minerals exploration and development company focused on its 100%-owned Elizabeth Creek Copper-Silver Project in South Australia. The project targets large-scale copper and silver production, with cobalt as potential future upside, positioning the company in key energy transition and precious metals markets.

Average Trading Volume: 918,726

Technical Sentiment Signal: Hold

Current Market Cap: A$67.24M

For a thorough assessment of COD stock, go to TipRanks’ Stock Analysis page.