Please join us for Episode 35 of the CodCast. It's been a little while between episodes — we've been out and back from site, heads down getting the next round of PFS news ready for you.

It was great to be back in the room together. Chris and Matt talk through PFS progress and why the LIDAR survey matters for getting on with the next phases of the project.

Most exciting of all: stick around for the 90-second video at the end of the episode, showing a leach test in action in our lab. It's filmed live as the leachate is extracted and filtered — you can watch the colour change happen in real time, turning into an incredible blue, copper-rich liquor.

CodCast EP35

Lab Video

References -

Key Engineering Data Delivered for Elizabeth Creek PFS

https://codaminerals.com/announcements/7629253

Updated Scoping Study - Elizabeth Creek Project Economics Strengthen on Price Update - https://codaminerals.com/announcements/7373887

Competent Person's Statement - https://res.cloudinary.com/investorhub/raw/upload/v1747869755/leaf-prod/110/documents/Competent-Persons-Statement-2_johcpn.pdf

Disclaimer

This PodCast is general in nature and is to provide background information on Coda Minerals Ltd (The Company). By listening to this Podcast, you are subjected to the following disclaimers available at https://res.cloudinary.com/investorhub/raw/upload/v1758764074/leaf-prod/110/documents/Coda_Disclaimers_qj6lhz.pdf

Important disclaimer regarding the laboratory footage

The short video in this episode shows a single sample being taken from one leach test within Coda’s broader, ongoing metallurgical testwork programme for the Elizabeth Creek Project.

The sample shown was taken at the four-hour mark. As part of the broader test, further samples are taken at intervals over a 24-hour period.

The footage does not show or constitute a metallurgical test result. No conclusion or inference should be drawn from the colour, appearance or any other aspect of the material shown. In particular, the footage should not be interpreted as demonstrating copper recovery, grade, extraction performance or any potential economic outcome.

The clip is included simply as a visual demonstration of part of the laboratory process—and as a bit of fun for viewers. It is for general educational and entertainment purposes only.

For previously disclosed information about the whole-ore leach process, including relevant technical and compliance information, please refer to Coda’s announcement, New Flowsheet Delivers Significant Cu-Ag Economic Uplift.

Coda will disclose the complete results from the current round of optimisation and testwork in due course, once the work and associated analysis have been completed.