Announcement PDF ASX RELEASE 6 October 2021 ASX Code: COD Emmie Bluff Deeps Mineralised Zone Substantially Expanded Highlights • Drilling at Emmie Bluff Deeps continues to identify thick zones of copper bearing sulphide mineralisation including multiple additional intersections of bornite throughout the area surrounding the original intersection in drillhole DD21EB0018. • Some of the more significant new mineralised intervals logged by Coda’s field geologists include: ‐ 67m of mineralisation over two vertically stacked lodes with 27m of extremely abundant bornite in the upper lode in wedge hole DD21EBD0003W2; ‐ 45m of pyrite and chalcopyrite mineralisation from 881m in DD21EBD0002; ‐ 46m overall mineralised envelope including 17m of strong chalcopyrite mineralisation from 830m in DD21EBD0003W1; ‐ 300m of pervasive hydrothermal alteration and disseminated trace to minor chalcopyrite from 1,095m in DD21EBD0002W1. • The +300m intercept in DD21EBD0002W1 highlights the vertically extensive nature of the mineralising system, indicating the potential for significant extensions at depth. Overview New data from visual logging of core from the ongoing Emmie Bluff drilling program has significantly increased the interpreted scale of the copper-bearing mineralisation observed at Emmie Bluff Deeps. Eight deep holes have been completed to date with an additional two wedge holes currently in progress. Three holes have intersected the copper rich “core” of the mineralisation, dominated by bornite with accessory chalcopyrite, chalcocite and covellite. A further five holes have intersected the periphery, dominated by chalcopyrite with accessory bornite and pyrite. The Emmie Bluff Deeps IOCG system has a localised copper rich core that is open in multiple directions. This copper rich “core” then gradationally expands outwards to a larger halo of IOCG mineralisation (Figure 3). Mineralisation is laterally extensive, encountered over a drill tested area that currently covers a drill backed area of approximately 300m x 200m which is open in all directions except directly north. Two stacked sediment-hosted flat-lying lodes have been encountered to date, with evidence from historical drilling suggesting additional lodes may yet be discovered. The zonation of IOCG mineralisation with strong trending from pyrite to chalcopyrite to bornite/ chalcocite dominance closely mimics that seen in major IOCG deposits within the area. The Company is aggressively following up on these results with two additional “wedge holes” designed to intersect the copper rich bornite core zone currently in progress. 6 Altona Street West Perth Western Australia, 6005 E: info@codaminerals.com ABN 49 625 763 957 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 company (“Torrens”), is pleased to report significant new developments with the ongoing IOCG drilling programme at Emmie Bluff Deeps. The drilling programme continues to make excellent progress, providing further clarity on the nature of the emerging IOCG discovery at Emmie Bluff Deeps, which was first highlighted by parent hole DD21EB0018. This hole intersected 35m of mineralisation grading in excess of 1% copper with peak grades of 5.39% Cu within the higher grade bornite zones and 1.19g/t Au in the main chalcopyrite zone (see ASX announcement, 28 July 2021). In its most recent major update on 23 August 2021, Coda announced assay results for recently completed wedge holes (17.1m @ 1.2% Cu, 0.3 g/t Au from 824m in DD21EB0018W1, 24.0m @ 2.2% Cu, 0.3 g/t Au from 815m and 12.9m @ 3.5% Cu, 0.6 g/t Au from 902m in DD21EB0018W2). Since that release, the Company has completed two additional surface diamond drill-holes (DD21EBD0002 and DD21EBD0003), and a total of three wedge holes reported below. The drilling of additional wedge holes is ongoing to further define the system. IOCG-style mineralisation of varying thickness and tenor (as identified by visual logging of copper-bearing sulphides, supported by hand-held XRF) has now been intersected over a significant area, and the Company’s exploration model has evolved along with the results. Recent drilling by Coda has now demonstrated the presence of mineralisation throughout an area of at least 300m east-west by 200m north south. The mineralisation is essentially open in all directions except directly to the north of DD21EB0018, and historical drill results provide strong evidence that lateral extension does occur beyond the bounds of recent drilling, potentially as far as 800m to historical drillhole SAE 4 or beyond (see Figure 3). Some of the most exciting intersections have come within the last several days from hole DD21EBD0003W2, which encountered approximately 67m of mineralisation over two vertically stacked lodes including: • • 27m of bornite-chalcocite-covellite mineralisation from 803m down hole in the upper lode immediately adjacent to a significant fault zone; and a further 40m of blebby chalcopyrite dominated mineralisation (with trace disseminated bornite) from 912.5m down hole. Based on sulphide abundances logged by Coda’s exploration team, the upper lode bornite zone is expected to demonstrate grades comparable to or in excess of the high grade bornite zone in DD21EB0018W2 but over this thicker mineralised zone, while chalcopyrite abundances in the lower zone have been visually logged as being comparable to those in the DD21EB0018 parent hole 1. Additional encouraging results have been seen in other holes. Of particular note are: • • • • 24m of blebby chalcopyrite and disseminated bornite mineralisation from 884.51m in DD21EBD0002W1, 300+m of pervasive hydrothermal alteration and disseminated trace to minor chalcopyrite from 1094.65m, also in DD21EBD0002W1, indicating the strong potential for vertical extension to depth, 45m of pyrite and chalcopyrite mineralisation from 880.69m in DD21EBD0002; and 17m of strong chalcopyrite mineralisation from 830m in an overall mineralised envelope of 46m to 876m in hole DD21EBD0003 Full details of these holes, including summary logs and visual estimates of sulphide abundances can be found in the Summary of Results section, below, and visual summaries are available as Figure 1 and Figure 3. 1 For full details see DD21EBD0003W2 in the Summary of Results section, below. 6 Altona Street West Perth Western Australia, 6005 E: info@codaminerals.com ABN 49 625 763 957 See Figure 1A Figure 1 Simplified schematic cross section showing Emmie Bluff Deeps in broader context with Emmie Bluff Zambian hosted copper-cobalt mineralisation. Mineralising system is based on seismic interpretation in conjunction with recent and historical drilling and is subject to change pending additional drill data. 6 Altona Street West Perth Western Australia, 6005 E: info@codaminerals.com ABN 49 625 763 957 DD21EBD0002W1 >300m of intense hydrothermal alteration and trace to minor chalcopyrite Figure 1A Detailed schematic section showing primary area of interest. Central bornite dominant sulphide zone decreases in intensity laterally chalcopyrite and eventually pyrite (DD21EBD0002) begin to dominate. Chalcopyrite dominated mineralisation described in historical drilling may indicate an increase in intensity further east associated with additional parallel mineralising structures yet to be identified. 6 Altona Street West Perth Western Australia, 6005 E: info@codaminerals.com ABN 49 625 763 957 Figure 2 Emmie Bluff Deeps drillholes >600m, showing hole traces for Coda’s planned or completed holes/wedges. Commenting on the results, Coda’s CEO Chris Stevens said: “These exciting new visual results from our ongoing drilling take the Emmie Bluff Deeps discovery to an entirely new level. So far, we have had information for a relatively discrete area around the parent hole. These new results substantially increase the mineralised footprint of the system and show that there is a significant amount of copper present. “We are also seeing increased thicknesses of potentially economic mineralisation and, importantly, the presence of a higher grade bornite core. We are particularly encouraged by the intensity of alteration and abundance of sulphides which are being reported by our field team, as well as the fact that we are seeing far greater lateral extensions to the mineralisation than we have seen before. We are looking forward to releasing assay results as soon as possible. “We have two drill rigs on-site currently drilling a third wedge hole each from most recently drilled parent holes EBD002 and EBD003. These wedge holes are design to follow up on the most recent wedge from EBD003W2 which appears to have intersected a major mineralising structure as evidenced by bornite and chalcopyrite rich copper sulphides logged by Coda’s geologists over a total of 67m within the hole. “Our task now is to continue to test the areas of open mineralisation as we seek to extend the copper-rich bornite zones and to further test areas for vertical extension and additional stacked lodes.” 6 Altona Street West Perth Western Australia, 6005 E: info@codaminerals.com ABN 49 625 763 957 Geological Interpretation Based on the relatively small number of drillholes completed by Coda and previous explorers, the principal mineralisation at Emmie Bluff appears to form as at least two (but likely more) relatively flat lying, parallel, partially overlapping, laterally extensive stratiform sediment hosted assemblages of blebby, bedding parallel copper bearing sulphides associated with intense haematite alteration and occasionally K feldspar, chlorite and sericite. Taken as a whole, the sulphide assemblages encountered in drillholes DD21EB0018, DD21EBD0002, DD21EBD0003 and their respective wedges show the following sequence, running west to east: • a chalcopyrite dominated sequence in the west (DD21EB0018 and it’s first (western) wedge), • a bornite dominated sequence in the middle (DD21EB0018’s second, eastern oriented wedge, DD21EBD0003W2’s upper zone), • another chalcopyrite dominated sequence in DD21EBD0002’s first (western oriented) wedge, and finally, • a pyrite/chalcopyrite dominated sequence in DD21EBD0002 itself. >800m undrilled between recent intersects and historical drilling to the east (SAE 4) Expansion Poten�al DD21EB0018 DD21EBD0002 Expansion Poten�al Mineralisa�on is open to the west, south and southeast Expansion Poten�al >400m undrilled between recent intersects and historical drilling to the east (MGD 55, SAE 3) DD21EBD0003 Figure 3 Mineralisation pierce points categorised by sulphide assemblage. Note the clustering of high copper intensity bornite mineralisation in a northwest/southeast aligned core, and the lateral zonation to the east and west in particular. 6 Altona Street West Perth Western Australia, 6005 E: info@codaminerals.com ABN 49 625 763 957 This clear pattern of increasing then reducing copper intensity suggests the presence of a mineralising structure in the area between holes DD21EB0018 and DD21EBD0002. Drillhole DD21EBD0002W1 was extended a considerable distance into the basement Donington suite granite with the intention of intersecting this structure directly or an alteration halo sufficient to confirm its presence and provide an indication of scale and orientation. The extended interval of disseminated chalcopyrite and extensive alteration (K feldspar, biotite and sericite) encountered at depth indicate proximity to a structure, but no fault brecciation or other indications of the structure itself were directly intersected. This suggests that the drillhole could be parallel or sub parallel to such a structure, which would most likely be dipping steeply to the west and oriented roughly northsouth. A candidate for the mineralising structure was intersected in DD21EBD0003W2, with initial evidence suggesting that the intersected structure may be at least associated with mineralisation based on proximal high intensity sulphidation. The lateral zonation of the sulphides, and their split into subparallel flat lying stacked lodes suggest a structural pathway for fluids which then diffuse outwards into sedimentary layers, with control of copper sulphides most likely associated with chemical or physical properties of specific sedimentary strata. Stacking of lodes may be related to pre or post mineralisation reverse half graben “domino” faulting observed in seismic sections further east. It also seems likely that the intrusion of possible Hiltaba Suite granitoids, possibly syndepositional, played a role in the distribution of sulphides, but this has not yet been confirmed, with petrological reports and dating expected to assist in this regard when finalised in the coming weeks. A hypothetical interpretive cross section is included as Figure 1. 6 Altona Street West Perth Western Australia, 6005 E: info@codaminerals.com ABN 49 625 763 957 Figure 4 Steely haematite altered metasediments in DD21EBD0003W2. Covellite bornite and chalcocite are visible in particularly high abundance in this section of the core. 6 Altona Street West Perth Western Australia, 6005 E: info@codaminerals.com ABN 49 625 763 957 Figure 5 Chalcopyrite dominated mineralisation in the lower mineralised lode from DD21EBD0003W2. 6 Altona Street West Perth Western Australia, 6005 E: info@codaminerals.com ABN 49 625 763 957 Summary of Results DD21EBD0002 DD21EBD0002 was drilled approximately 300m ESE of Coda’s original deep drillhole in the area DD21EB0018, and was designed to target the area in between that hole and historic hole MGD 55, which encountered 15m @ 1.21%Cu & 0.24g/t Au from 974m when it was drilled by a previous explorer in 2009. A broad zone of mineralisation was encountered running from roughly 874m to 932m, placing it roughly level in RL terms with the lower lode encountered in DD21EB0018W2. The mineralisation was of a lower tenor than that hole however, with a significant pyrite component, which had been largely absent from drillholes up until this point. As with previous drillholes, mineralisation was associated with haematised Wandearah metasediments and appeared to partially follow remnant sedimentary structures in several instances. Due to the presence of pyrite, this intercept has been preliminarily assumed to be of lower copper tenor than previous intercepts, and is assumed to be somewhat more distal from the mineralising structure than previous drilling. DD21EBD0002 encountered the following sequence of rocks: From (m) To (m) Int. (m) 663.5 665.5 2 665.5 728 62.5 728 799 71 799 830 31 830 874 44 874 878 4 878 881 3 881 890.5 9.5 1-3% Chalcopyrite 1-3% Pyrite 890.5 899 8.5 1-3% Chalcopyrite 3-5% Pyrite 899 925 26 1-2% Chalcopyrite 1-3% Pyrite 925 932 7 1-3% Chalcopyrite 3-5% Pyrite 932 995 63 995 1039.2 44.2 6 Altona Street West Perth Western Australia, 6005 Comp. Int 4m 51m Estimated Sulphide Assemblage 1-3% Chalcopyrite 1-3% Pyrite, <1% Bornite E: info@codaminerals.com ABN 49 625 763 957 Description Moderately haematite altered basal Pandurra Formation sandstones and conglomerates. Haematised brecciated metasediments and Hiltaba granite, patchy replacement by steely haematite. Variable steely haematite replacement of sandstone. Variably haematite and potassium feldspar-altered granite interspersed by moderately chloritised dolerite dykes. Massive steely haematite replacement of sediments. Moderately chloritic haematised sediments, trace bornite and pyrite, minor chalcopyrite as blebs and disseminations. Highly siliceous haematised sediments. Haematised sediments, occasional replacement by steely haematite. Trace to minor disseminated and blebby chalcopyrite, minor pyrite. Massive steely haematite replacement of sediments with minor chalcopyrite and minor pyrite. Haematised metasediments, occasional replacement by steely haematite with minor disseminated and blebby chalcopyrite, minor pyrite. Weak to moderate chlorite-haematite altered metasediments with minor disseminated and blebby chalcopyrite, minor pyrite. Variably siliceous sediments interspersed with granite intrusions. Presumed Donington suite weakly altered granitoid. Figure 6 Mineralisation in DD21EBD0002. The sulphide assemblage includes chalcopyrite, but has a materially higher pyrite content, possibly indicative of local conditions or distance from the source of mineralisation. DD21EBD0002W1 On the basis of results in the parent hole, a wedge was drilled to the WSW from DD21EBD0002, commencing at 489.3m downhole. The hole achieved approximately 50m of separation at the mineralised zone, and encountered a materially different sulphide assemblage within broadly similar stratigraphy. The primary mineralised zone consisted of approximately 24m of principally chalcopyrite located as blebs and veinlets, often paralleling remnant sedimentary structures, and rare blebs and disseminations of bornite. Pyrite was largely absent in this interval, in contrast to the parent hole, suggesting closer proximity to the source of mineralisation. Figure 7 Massive chalcopyrite vein within a broader mineralised envelope of approximately 24.m consisting of blebs and veinlets of similar sulphides in an intensely haematised metasedimentary host rock, DD21EBD0002W1. 6 Altona Street West Perth Western Australia, 6005 E: info@codaminerals.com ABN 49 625 763 957 The wedge hole was extended beyond the typical depth to mineralisation in the area in an attempt to intersect the mineralising structure directly, and was terminated at a depth of 1,492m. The hole encountered several hundred metres of highly altered Donington Suite granitoids cut by Gairdner dykes. Alteration included abundant sericite, biotite and “red rock” (K Feldspar and minor haematite) alteration, with persistent trace chalcopyrite, typically occurring as disseminations and very small blebs, though larger accumulations were encountered, especially in association with vein selvedges or particularly intense patches of red rock alteration. Alteration of this nature is not typical of the Donington Suite granites in this region, and in particular the persistent low grade chalcopyrite encountered over such an extended interval strongly suggest proximity to a vertical or subvertical hydrothermally active, copper carrying structure which extends deep into the basement. The hole did not directly intersect the fault, and alteration intensity did not appear to increase markedly over the length of the intersection. This has led Coda’s technical team too theorise that the structure may have been parallel or sub parallel to the drill trace. The next wedge hole, DD21EBD0002W2, is being drilled at a flatter angle and is expected to intersect this structure. Figure 8 Sulphide blebs and intense “red rock” (K Feldspar + accessory haematite) alteration in hole DD21EBD0002W1. This material was encountered in Donington Suite granite at significant depth (1,241m). Strong red rock alteration, plus biotite and sericite, was typical of the granite in this hole, but atypical of Donington Suite Granite encountered in other holes, suggesting potential proximity to a hydrothermally significant structure. Portable XRF has confirmed elevated copper values in the sulphide, validating the field identification of chalcopyrite. 6 Altona Street West Perth Western Australia, 6005 E: info@codaminerals.com ABN 49 625 763 957 DD21EBD0002W1 encountered the following sequence of rocks: From (m) To (m) Int. 489.3 661 171.7 661 677 16 677 713 36 713 720 7 720 812 92 812 860 48 860 867.5 7.5 867.5 870.5 3 870.5 884.5 14 884.5 908.5 24 908.5 934 25.5 934 1094.5 160.5 1094.5 1345.5 251 Comp. Int Estimated Sulphide Assemblage 3m <1% Chalcopyrite, <1% Bornite 24m 5-10% Chalcopyrite, <1% Bornite <1-2% Chalcopyrite 322.5m 1345.5 1417 71.5 1417 1441.5 24.5 1441.5 1447 5.5 1447 1492 45 6 Altona Street West Perth Western Australia, 6005 <1-1% Chalcopyrite 5.5m <1% Chalcopyrite E: info@codaminerals.com ABN 49 625 763 957 Description Minimally altered Pandurra Formation sandstones and conglomerates, with a basal conglomerate containing steely haematite clasts from 660.75. Sill of moderate haematite-chlorite altered granite and dolerite. Intense steely haematite altered brecciated sandstone. Moderate to strongly haematised granite and dolerite dykes. Variably haematite altered brecciated sandstone, patchy steely haematite replacement and intense silicification. Moderately haematised and potassium feldspar altered granite. Moderately haematite altered sandstone, steely haematite increasing with depth, associated with moderately to strongly chloritised dolerite dykes.. Steely haematite and red rock altered brecciated sandstone with trace chalcopyrite and bornite blebs. Silicified sediments with pronounced remnant texture. Moderately chlorite-haematite altered sandstone, intruded by variably chloritised dolerite dykes, minor to moderate blebby chalcopyrite, trace bornite. Moderately chlorite-haematite altered sandstone, intruded by weakly chloritic dolerite dykes. Moderately siliceous and variably potassium feldspar altered sandstones intruded by dolerite dykes. Presumed Donington suite moderately sericite altered granitoid, intruded by Gardiner dolerite dykes, trace to minor disseminated chalcopyrite. Presumed Donington suite moderately sericite-biotite altered granitoid, trace to minor disseminated chalcopyrite. Presumed Donington suite moderately haematitepotassium feldspar altered granitoid. Presumed Donington suite moderately altered granitoid intruded by dolerite dykes, trace chalcopyrite as blebs. Presumed Donington suite moderately haematitepotassium feldspar altered granitoid. DD21EBD0003 DD21EBD0003 was drilled approximately 300m to the south of DD21EB0018 and angled slightly to the north, targeted to extend the bornite mineralisation encountered in DD21EBD0018W2. Lithologies encountered were broadly similar as would be expected, but with certain key differences, most notably the haematite cap material was significantly thicker, and as a result encountered at a higher RL than in previous drillholes. Mineralisation was encountered from approximately 901-921m and consisted of bornite dominated sulphides in variably steely and earthy haematite altered metasediments. This mineralisation was approximately level with the lower lode encountered in DD21EB0018W2, and is believed to be an extension of that mineralisation. Sulphides were not noted in significant quantities from 800-850m, which would approximately correspond with the upper lode in DD21EB0018W2. This was initially interpreted to suggest that that lode had pinched out, but future drilling (See DD21EBD0003W1 and DD21EBD0003W2, below) indicated that this may not be the case. The factors determining the precipitation of copper sulphides at a given location are yet to be determined. DD21EBD0003 encountered the following sequence of rocks: From (m) To (m) Int. (m) 542.75 561.5 18.75 561.5 670 108.5 670 713.5 43.5 713.5 809.5 96 809.5 861 51.5 861 874.5 874.5 901 13.5 26.5 901 903.5 2.5 903.5 911.5 8 911.5 921 9.5 921 942.5 21.5 942.5 996 53.5 996 1029.1 33.1 Comp. Int Estimated Sulphide Assemblage Description Minimally altered Pandurra Formation sandstones and conglomerates. Strongly haematised metasediment with development of steely haematite bands. Moderately to strongly haematised sandstone, patchy replacement by steely haematite. 1 - 2% Bornite <1 - 1% Chalcopyrite 20m 1 - 2% Bornite <1 - 1% Bornite Variably haematite and potassium feldspar-altered granite. Haematised metasediments, occasional replacement by steely haematite. Variably haematite and potassium feldspar altered granite. Weakly haematised metasediments. Strong to intense haematite altered metasediments, patches of steely haematite, with trace disseminated and blebby chalcopyrite and trace to minor bornite. Earthy red haematite with patches of steely, minor bornite in blebs. Massive earthy red and patchy steely haematite, completely overprinting sedimentary texture. Trace disseminated and patchy minor blebby bornite. Moderately to strongly haematised and chloritised metasediments. Variably siliceous and haematitic sediments. Variably siliceous and potassium feldspar altered presumed Donington suite granitoid. DD21EBD0003W1 The first wedge from hole DD21EBD0003 was drilled to the northwest, and achieved approximately 58m of lateral separation at 814m, where mineralisation was first encountered in the wedge. Sulphides were encountered in multiple discrete layers between 814 and 876m, and were dominated by chalcopyrite. Though roughly on a level with the upper lode encountered in DD18EB0018 and its wedges, the mineralisation in DD21EBD0003W1 does not appear to fully conform with the previous paradigm of an upper and lower lateral lode, and may represent a merger of the two lodes, or a diffusion of sulphides into a broader mineralised zone. Further drilling west of this intersection may assist in determining the nature of the mineralisation and will be undertaken as the next surface hole. 6 Altona Street West Perth Western Australia, 6005 E: info@codaminerals.com ABN 49 625 763 957 DD21EBD0003W1 encountered the following sequence of rocks: From (m) 547.8 To (m) 561.5 Int. (m) 13.7 Comp. Int 561.5 613 51.5 613 615 2 615 714 99 Haematised metasediments, occasional replacement by steely haematite. 714 738 24 Variably haematite-chlorite altered granite. 738 812.5 74.5 Variably chlorite-haematite altered granite. 812.5 814.5 2 814.5 818 3.5 Altered haematised Wandearah metasediments. Patchy steely haematite alteration with minor blebby chalcopyrite. 818 830 12 830 847.5 17.5 847.5 862 14.5 862 876 14 876 996.2 120.2 Estimated Sulphide Assemblage Description Base of Pandurra Formation. 2m 3.5m <1 Pyrite, <1% Chalcopyrite <1 - 2% Chalcopyrite Variably haematised metasediments. Massive steely haematite replacement of metasediments. Trace pyrite and chalcopyrite. Red rock and chlorite altered sandstone. <1 - 2% Chalcopyrite, <1% Pyrite 46m <1% Chalcopyrite <1 - 1% Chalcopyrite, <1% Pyrite Steely haematite altered sandstone with minor chalcopyrite. Haematite and chlorite altered sandstone, trace chalcopyrite as blebs. Increasingly altered, partially brecciated sandstone, minor chalcopyrite. Strongly siliceous, variably potassium feldspar altered sandstone. DD21EBD0003W2 The second wedge from DD21EBD0003 was oriented northeast and achieved approximately 49m of lateral separation from the parent hole at 803.45, where major mineralisation was first encountered in the wedge. The wedge was designed to target a structure hypothesised to be feeding the system with copper based on the sulphide assemblages encountered in earlier drillholes. An unusual vein of native copper, bornite and chalcocite was encountered at 615m, well above typical mineralised depths and within the (typically) barren haematite cap (see Figure 9, below). The mineralisation appears primary, but it is not extensive and is likely anomalous rather than representative of potential for mineralisation in the cap more broadly. The hole also encountered the first unambiguous evidence of major faulting with a 20-25m wide interval of broken ground, clays etc from 772.27. No evidence was directly observed for mineralisation within this fault, though rocks associated with it were notably altered, but proximal mineralisation (commencing at 803.45m) included some of the most intense and abundant sulphides of the program to date, possibly as a consequence of proximity to the fault if it is indeed the mineralising structure which this hole was targeted at. This mineralisation, extending over approximately 27m, was dominated by bornite and chalcocite with considerable covellite associated. A second zone of mineralisation was encountered from 912m, dominated by chalcopyrite with minor bornite and extending over approximately 40m. Drilling is ongoing as of the time of this release. 6 Altona Street West Perth Western Australia, 6005 E: info@codaminerals.com ABN 49 625 763 957 DD21EBD0003W2 encountered the following sequence of rocks: From (m) 547.8 To (m) 564.5 Int. (m) 16.7 Comp. Int 564.5 723 158.5 723 729 6 729 737.5 8.5 737.5 760.5 23 760.5 772.5 12 772.5 794 21.5 Broken zone within strongly haematised granite transitioning into clayey puggy fault zone. 794 803.5 9.5 Fractured haematitsed (occasionally steely) chloritized Wandearah sediments. 803.5 810.5 7 <1% Bornite, <1% Chalcopyrite 810.5 819 8.5 5 - 10% Bornite, 1-3% Chalcopyrite, <1% Covellite 819 824 5 5 - 10% Bornite, 1-3% Covellite, <1% Chalcopyrite 824 830.5 6.5 3 - 5% Bornite, 1-3% Chalcopyrite 830.5 846 15.5 846 876.5 30.5 876.5 812.5 -64 Intercalated granite, mafic and minor granitised sediment, all altered, haematised. 812.5 912.5 100 912.5 941.5 29 Altered haematised Wandearah metasediments. Haematite altered Wandearah, minor to moderate blebby and bedding parallel chalcopyrite, disseminated bornite. Variably haematised metasediments, including massive haematite cap. Native copper encountered in narrow vein along with copper sulphides approx. 615m. Intercalated metasediments, narrow granitic sills and dolerite. Haematite altered Hiltaba suite granite. Weakly haematised and altered dolerite, presumed to be Gairdner. Increasingly altered Hiltaba suite granite. Increasing epidote, chlorite k feldspar and haematite alteration with depth. 40m 952.5 952.5 Ongoing 11 3 - 8% Chalcopyrite, 1 - 3% Bornite 3 - 5% Chalcopyrite, <1 - 2% Bornite Steely haemtite altered metasediments, partially chloritized. Trace bornite, chalcopyrite. Steely haematite altered strongly mineralised metasandstone,