Coda Minerals Reports Strong Half-Year Progress at Elizabeth Creek Project

An announcement from Coda Minerals Ltd ( (AU:COD) ) is now available.

Coda Minerals Limited has released its interim financial statements for the half-year ending December 31, 2024, highlighting the progression of its exploration and evaluation activities at the Elizabeth Creek Copper-Cobalt Project. The company has consolidated its ownership of the project and updated its mineral resource estimates, showing significant copper, cobalt, silver, and zinc resources. The updated scoping study for the project indicates a robust economic outlook with a 16-year mine life, capable of producing substantial amounts of copper and cobalt, and a pre-tax NPV of $1.18 billion, positioning Coda favorably in the mining industry.

More about Coda Minerals Ltd

Coda Minerals Limited is a company engaged in the exploration and development of mineral resources, particularly focusing on copper and cobalt. The company is primarily involved with the Elizabeth Creek Copper-Cobalt Project in South Australia, which is situated in a highly productive copper belt. Coda Minerals aims to leverage its mineral discoveries to support the global energy transformation through electrification and renewable energy technologies.

YTD Price Performance: -5.56%

Average Trading Volume: 294,143

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$21.16M

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