| Announcement Date: | 2021-12-20 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Coda Minerals Ltd. |
| Project name: | Elizabeth Creek |
| Location: | Australia |
| Commodities: | Silver,Copper,Zinc,Cobalt |
| Highlight: | Initial Resource Estimate for Emmie Bluffs Deposit |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Coda Minerals Limited (ASX: COD, “Coda”, or “the Company”), in conjunction with joint venture partner Torrens Mining Limited (ASX: TRN), a listed gold and copper exploration company (“Torrens”), is pleased to report its Maiden Mineral Resource Estimate (Resource) for the “Zambian-style” Emmie Bluff Copper-Cobalt deposit, part of its Elizabeth Creek Copper Project in South Australia. The Emmie Bluff Copper-Cobalt Deposit forms part of a suite of Zambian-style copper-cobalt and IOCG copper-gold deposits at the Elizabeth Creek Project. Coda is the operator and majority owner of the Elizabeth Creek Project, holding a 70% interest alongside Torrens, which holds a 30% interest. Coda has an irrevocable option to acquire an additional 5% of the Elizabeth Creek Copper Project by paying $ 1.5 million to Torrens at any point up to 60 days from a decision to mine. Background The Emmie Bluff Copper-Cobalt Deposit (“Emmie Bluff”) is one of three known “Zambian-style” copper-cobalt deposits at Elizabeth Creek, which also includes JORC 2012 Compliant Indicated Mineral Resources at the MG14 and Windabout deposits. |
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