Coda Minerals Builds Copper-Cobalt Base at Elizabeth Creek as Scoping Study Economics Improve

Coda Minerals Ltd ( (AU:COD) ) just unveiled an announcement.

Coda Minerals has concentrated its half-year efforts on advancing exploration and evaluation at the Elizabeth Creek Copper-Cobalt Project in South Australia, while also assessing the Kinloch Copper and Cameron River Copper-Gold projects and potential joint ventures. The company has built a substantial resource base at Elizabeth Creek, anchored by the Emmie Bluff copper-cobalt deposit and complemented by the Windabout and MG14 deposits, collectively exceeding one million tonnes of contained copper equivalent.

Following its consolidation of 100% ownership of Elizabeth Creek through the acquisition of Torrens Mining, Coda has used an updated mineral resource estimate at Emmie Bluff to underpin ongoing mining studies. A series of four updates to the initial 2023 scoping study has progressively enhanced project economics, reinforcing Elizabeth Creek’s strategic importance within Australia’s most productive copper belt and supporting Coda’s positioning in the energy-transition metals space.

The most recent analyst rating on (AU:COD) stock is a Hold with a A$0.16 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 explorer focused on minerals tied to global electrification and renewable energy demand, primarily copper and cobalt. Its flagship asset is the 100%-owned Elizabeth Creek Copper-Cobalt Project in South Australia’s Olympic Copper Province, near major operations including BHP’s Olympic Dam, Oak Dam West and Carrapateena mines.

Average Trading Volume: 834,347

Technical Sentiment Signal: Buy

Current Market Cap: A$61.38M

See more insights into COD stock on TipRanks’ Stock Analysis page.