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Coda Minerals Ltd
(Sydney:COD)
Coda Minerals Ltd (COD) vs. iShares MSCI Australia ETF (EWA)
Coda Minerals Ltd Business Overview & Revenue Model
Coda Minerals Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -160.78K | -160.78K | -162.87K | -162.46K | -147.53K | -122.13K |
| EBITDA | -2.33M | -4.15M | -4.59M | -7.64M | -14.85M | -6.39M |
| Net Income | -2.38M | -4.29M | -4.57M | -7.76M | -14.21M | -6.52M |
Balance Sheet | ||||||
| Total Assets | 22.93M | 22.93M | 22.24M | 23.55M | 27.60M | 24.20M |
| Cash, Cash Equivalents and Short-Term Investments | 3.96M | 3.96M | 3.43M | 4.72M | 8.18M | 21.79M |
| Total Debt | 213.87K | 213.87K | 123.98K | 7.67K | 98.40K | 190.05K |
| Total Liabilities | 815.41K | 815.41K | 646.20K | 858.91K | 1.72M | 1.22M |
| Stockholders Equity | 22.12M | 22.12M | 21.60M | 22.70M | 25.88M | 22.98M |
Cash Flow | ||||||
| Free Cash Flow | -1.97M | -3.90M | -4.05M | -7.52M | -14.42M | -5.79M |
| Operating Cash Flow | -1.96M | -3.88M | -4.05M | -7.51M | -14.33M | -5.54M |
| Investing Cash Flow | -10.71K | -10.71K | -1.82K | 281.69K | 828.95K | -239.39K |
| Financing Cash Flow | 4.43M | 4.43M | 2.76M | 3.76M | -90.83K | 23.38M |
Coda Minerals Ltd Technical Analysis
Coda Minerals Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$68.82M | -11.56 | -19.61% | ― | ― | 42.65% | |
52 Neutral | AU$42.48M | 3.88 | -0.34% | ― | ― | -100.38% | |
52 Neutral | AU$59.09M | -13.13 | -10.78% | ― | ― | 11.11% | |
49 Neutral | AU$68.81M | -20.00 | -5.89% | ― | ― | 59.26% | |
42 Neutral | AU$29.14M | -8.33 | -7.55% | ― | ― | 60.00% | |
34 Underperform | AU$94.84M | -5.13 | -440.50% | ― | ― | -61.06% |
Coda Minerals Ltd Corporate Events
Coda Minerals has recommenced its three-rig, 6,000–7,000m diamond drilling campaign at the Emmie Bluff deposit within the Elizabeth Creek Copper-Silver Project after a holiday break, with about 70% of the overall program now complete across its three main deposits. Core from the program is being processed for assay, metallurgical and geotechnical analysis to underpin a rapidly advancing Pre-Feasibility Study, building on a prior study that outlined strong project economics and now stands to benefit from substantially higher copper and silver prices and an improved processing flowsheet, potentially extending mine life, enhancing production profiles and strengthening the project’s economic appeal as Elizabeth Creek moves closer to development readiness.
The most recent analyst rating on (AU:COD) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Coda Minerals Ltd stock, see the AU:COD Stock Forecast page.
Coda Minerals has responded to an ASX price and volume query following a sharp rise in its share price and trading volumes in late December 2025, stating it is not aware of any undisclosed information that could explain the recent trading activity. The company pointed instead to recent material increases in copper and particularly silver prices, to which its Elizabeth Creek Copper-Silver Project is highly leveraged, as a likely driver of heightened investor interest, and confirmed it remains in full compliance with ASX continuous disclosure requirements with its board authorising the response.
Coda Minerals Ltd has issued 9,523,810 fully paid ordinary shares at $0.105 per share, along with 2,380,953 options exercisable at $0.15, as part of a follow-on placement. This strategic move is expected to enhance the company’s capital structure and support its ongoing projects, reflecting its compliance with relevant corporate regulations.
Coda Minerals Ltd has announced the quotation of new securities on the Australian Securities Exchange (ASX), including 2,380,953 options expiring in March 2029 and 9,523,810 fully paid ordinary shares. This move is part of a previously announced transaction and is expected to enhance the company’s capital structure, potentially impacting its market positioning and providing opportunities for stakeholders.
Coda Minerals Ltd has announced a change in the director’s interest, specifically involving Keith Jones. The change reflects the acquisition of 125,028 fully paid ordinary shares by White Silk Pty Ltd, a trust associated with Jones, as part of his director’s fees for a specified period. This transaction, approved at the company’s annual general meeting, indicates a strategic move to align director compensation with company performance, potentially impacting stakeholder perceptions and reinforcing the company’s commitment to aligning leadership interests with shareholder value.
Coda Minerals Ltd has issued 400,000 fully paid ordinary shares at a price of $0.075 per share, as announced in their recent ASX release. This issuance is conducted under the exemption provided by section 708A(5) of the Corporations Act 2001, allowing for the on-sale of these shares without disclosure. The company confirms compliance with relevant provisions of the Act and assures that no undisclosed information would impact investors’ assessments.
Coda Minerals Ltd has announced the application for the quotation of 250,046 ordinary fully paid securities on the Australian Securities Exchange (ASX). These securities are issued under an employee incentive scheme and are not subject to transfer restrictions, indicating a strategic move to enhance employee engagement and potentially improve company performance.
Coda Minerals Ltd announced the issuance of 400,000 ordinary fully paid shares as a form of payment for investor relations services, following approval at the Annual General Meeting on November 7, 2025. This strategic move reflects the company’s efforts to manage cash flow while maintaining its operational commitments, potentially impacting its financial flexibility and stakeholder relations positively.
Coda Minerals Ltd announced the cessation of certain securities, specifically performance rights, due to unmet conditions. This development indicates a potential shift in the company’s capital structure, which may affect stakeholders and reflect on the company’s strategic adjustments in managing its securities.
Coda Minerals Ltd has announced the issuance of 10,000,000 unquoted performance rights as part of an employee incentive scheme. This move is likely aimed at aligning employee interests with company performance, potentially enhancing productivity and commitment, which could positively impact the company’s operations and market positioning.
Coda Minerals Ltd has made significant progress in its ongoing drilling program at the Elizabeth Creek Copper-Silver Project, with a three-rig, 6,000–7,000m diamond drill program underway. The drilling has confirmed the geological interpretation and resource continuity at the Emmie Bluff deposit, providing critical data for the Pre-Feasibility Study (PFS). The program aims to optimize project economics and support future development, with recent studies indicating a potential pre-tax NPV of $1.3 billion. The current work is expected to generate substantial news flow, including updates on mineral resources, exploration targets, and project economics, advancing Elizabeth Creek toward development readiness.
Coda Minerals Ltd announced the cessation of 3,747,002 securities due to the expiry of options that were not exercised or converted by the deadline of November 7, 2025. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and future growth prospects.
Coda Minerals Ltd has released a presentation intended for sophisticated investors, providing general information about the company. The presentation emphasizes that it is not an offer or advertisement for securities and does not constitute financial advice. It includes forward-looking statements that are subject to risks and uncertainties, and the company disclaims any responsibility for the accuracy or completeness of the information provided.
Coda Minerals Ltd has successfully completed a $12.3 million capital raise to fully fund its Pre-Feasibility Study (PFS) for the Elizabeth Creek Copper-Silver Project. This development marks a significant step towards the project’s commercialization, with the PFS set to refine the project’s flowsheet, scale, and cost structure, enhancing its credibility and attractiveness. The company’s strategy remains focused on advancing Elizabeth Creek as a technically robust and commercially viable project, with ongoing exploration and process optimization efforts aimed at delivering long-term value for shareholders.
Coda Minerals Ltd has issued 28,571,429 fully paid ordinary shares at $0.105 each and 7,142,868 options exercisable at $0.15, as part of a follow-on placement to sophisticated and professional investors. This move is part of the company’s strategy to raise capital, potentially impacting its financial position and market operations positively.
Coda Minerals Ltd has announced the quotation of new securities on the Australian Securities Exchange (ASX), including 7,142,868 options expiring in March 2029 and 28,571,429 ordinary fully paid shares. This move is part of a previously announced transaction, potentially impacting the company’s financial structure and providing opportunities for stakeholders to engage with its growth strategy.
Coda Minerals Ltd has announced a significant breakthrough in the processing methodology for its Elizabeth Creek Copper-Silver Project, adopting a simplified whole-ore leach flowsheet. This change is expected to enhance copper and silver recoveries, reduce risks, and improve project economics, with a notable increase in life-of-mine production and a reduction in both capital and operating costs. The company has also successfully raised approximately $12.33 million, bolstering its financial position to fund ongoing and future work programs, including a comprehensive pre-feasibility study. This strategic shift and financial strengthening position Coda Minerals to advance its project development with a focus on copper and silver, while maintaining cobalt as a potential future opportunity.
Coda Minerals Ltd has announced a proposed issue of securities, including 38,095,239 ordinary fully paid shares and 9,523,810 options expiring on March 28, 2029. This move is aimed at raising capital, potentially impacting the company’s financial position and market operations by enabling further development and exploration activities.
Coda Minerals Ltd has successfully secured $12.3 million in funding, fully financing the Pre-Feasibility Study (PFS) for its Elizabeth Creek Copper-Silver Project. This funding, achieved through an oversubscribed institutional placement and entitlement offer, positions the company to advance its technical work and commercial outcomes. The PFS is a critical milestone towards the project’s development and commercialization, supported by recent metallurgical breakthroughs and favorable commodity price dynamics. With drilling already underway, Coda anticipates significant progress and updates in the coming months, enhancing its market positioning and stakeholder confidence.
Coda Minerals Ltd has announced a change in the director’s interest, with Keith Jones acquiring an additional 2,000,000 fully paid ordinary shares and 500,000 listed options. This acquisition is part of a non-renounceable, pro-rata entitlement offer, which was previously announced to the ASX. The change in interest reflects the company’s ongoing efforts to strengthen its financial position and potentially enhance its market presence, signaling confidence in its future growth prospects.
Coda Minerals Ltd has announced a new application for the quotation of securities on the ASX, involving the issuance of 20,829,915 options expiring in March 2029 and 83,318,319 fully paid ordinary shares. This move is part of previously announced transactions and may enhance the company’s liquidity and market presence.
Coda Minerals Ltd has requested a trading halt on its securities pending an announcement regarding a capital raising initiative, known as a Top Up Placement, following a recent Entitlement Offer. This move is expected to impact the company’s financial strategy and market operations, as the trading halt will remain in place until the announcement is made or normal trading resumes on 27 October 2025.
Coda Minerals Limited has successfully completed a fully underwritten Entitlement Offer, raising $8.3 million, which was oversubscribed with applications totaling $11.6 million. This financial boost will support the advancement of pre-feasibility studies at the company’s flagship Elizabeth Creek Copper Project, amid strengthening copper and silver markets. The funds will enable rapid project development, positioning Coda favorably within a market experiencing increased M&A activity and a decline in copper-focused companies.