Resources Rising Stars Presentation
Released
Released
Announcement PDF
Coda Minerals
2024X
ASX RELEASE
Code: COD
3 September 2024
ASX Code: COD
Coda Minerals to present at the Resources Rising Stars Gold Coast Investor
Conference
Coda Minerals Limited (ASX:COD, “Coda”, or “the Company”) is pleased to advise that CEO, Chris Stevens will present
today at 1145 AWST/ 1345 AEST at the Resources Rising Stars Gold Coast Investor Conference.
The Conference will be live-streamed and shareholders and investors can attend either in-person or virtually via the
Conference Livestream. There is no charge to attend either the live-stream or in-person event for investors, however
registration is essential.
Conference location: RACV Royal Pines Resort, Ross St, Benowa QLD 4217
Registration details: www.rrsinvestor.com
(In-person and online)
A recording of the presentation will be sent to all registered attendees shortly after the conclusion of the presentation via
the online conference platform.
The Company will also make the presentation available through its website, social media channels, and by email to all
shareholders who have registered their email address with the Company.
To register for ongoing media updates, please visit www.codaminerals.com
The presentation slide deck is attached below.
This announcement has been authorised for release by the Board of Coda Minerals Ltd
Further Information:
Chris Stevens
Chief Executive Officer
Coda Minerals Limited
info@codaminerals.com
Media:
Nicholas Read
Read Corporate
nicholas@readcorporate.com.au
6 Altona Street,West Perth
Western Australia, 6005
E: info@codaminerals.com
ABN 49 625 763 957
ASX COD
Coda Minerals Investor Presentation
Resources Rising Stars Gold Coast - September 2024
A 3D interactive version of the latest presentation can be found on the Company’s website at
https://www.codaminerals.com/rrs-gold-coast-conference-2024/
Important Notices
Nature of this document: The purpose of this presentation is to provide general information about Coda Minerals Limited (ACN 625 763 957) (the ‘Company’). Unless otherwise stated herein, the information in this presentation is based on the Company’s
own information and estimates as at the date of this presentation. In attending this presentation or viewing this document you agree to be bound by the following terms and conditions.
Not an offer or advertisement: This presentation is for information purposes and does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in the Company in any
jurisdiction. This presentation and its contents must not be distributed, transmitted or viewed by an person in any jurisdiction where the distribution, transmission or viewing of this document would be unlawful under the securities or other laws of that or
any jurisdiction. In particular, this presentation may not be distributed or released, directly or indirectly, in the United States. This presentation does not constitute an advertisement for an offer or proposed offer of shares. Neither this presentation nor
anything contained in it forms the basis of any contract or commitment and it is not intended to induce or solicit any person to enter into, or refrain from entering into, any contract or commitment.
Not financial product advice: This presentation does not take into account the individual investment objectives, financial situation and particular needs of each of the Company’s shareholders or potential investors. You may wish to seek independent
financial and taxation advice before making any decisions in respect to this presentation. Neither the Company nor any of its related bodies corporate is licensed to provide financial advice in respect of the Company’s securities or any other financial
products.
Forward-looking statements: Certain statements in the presentation are or may be perceived as “forward looking statements” and represent the Company’s intentions, projections, expectations or beliefs concerning, among other things, future operating
and exploration results or the Company’s future performance. You are cautioned not to place undue reliance on any forward looking statement. These forward looking statements are based on current expectations at the date of this publication. The
projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks and uncertainties, and are necessarily based on assumptions, which may cause the Company’s actual performance and results in
future periods to differ materially from any express or implied estimates or projections.
Disclaimer: No representation or warrant, express or implied, is made by the Company that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of the Company, its
directors, officers, employees, advisers, agents and contractors expressly disclaims any responsibility for the accuracy, fairness, sufficiency or completeness of the material contained in this presentation, or any opinions or beliefs contained in this
presentation, and excludes all liability whatsoever (including negligence) for any loss or damage which may be suffered by any persons as a consequence of any information in this presentation or any error or omission there from. The Company is under no
obligation to update or keep current the information contained in this presentation or to correct any inaccuracy or omission which may become apparent, or to furnish any person with any further information. Any opinions expressed in the presentation
are subject to change without notice.
Unverified information: This presentation may contain information (including information derived from publicly available sources) that has not been independently verified by the Company.
Photographs used on page 20 were provided by Adam Mørk Architectural Photography.
ASX COD
OLYMPIC DAM - BHP
114KM NN
ROXBY DOWNS
OAK DAM WEST - BHP
16KM NE
WOOMERA
CODA MINERALS
Major Cu-Co
Resource in an
exceptional jurisdiction
with massive upside
CARRAPATEENA - BHP
40KM EAST
ELIZABETH CREEK
Total Area: 701 km 2
SOUTH AUSTRALIA
0
N
25
km
PORT AUGUSTA
50
ELIZABETH CREEK
PORT AUGUSTA
ADELAIDE
CORPORATE
COD
$18M
ASX Code
Market Capitalisation
$0.11
$3.4M
Share Price
Cash and Equivalents
29 August 2024
30 June 2024
BOARD OF DIRECTORS
ASX COD
175M
Keith Jones
Paul Hallam
NON-EXECUTIVE CHAIR
NON-EXECUTIVE DIRECTOR
Robin Marshall
Chris Stevens
NON-EXECUTIVE DIRECTOR
CEO, DIRECTOR
Kudzai Mtsambiwa
Susan Park
CHIEF FINANCIAL OFFICER
COMPANY SECRETARY
TOP 5 SHAREHOLDERS (as of 29 August 2024)
RANK SHAREHOLDER
%IC
1
Lujeta Pty Ltd
8.4%
2
Angang Group Hong Kong (Holdings) Ltd
6.8%
3
Mr Keith Francis Jones & Mrs Jennifer Jones
6.1%
4
BNP Paribus Nominees
2.1%
5
Ms Linlin Li
2.0%
5
TOP 20 SHAREHOLDERS,
42.5%
Coda Minerals - Sustaining Tomorrow
TOP 5
SHAREHOLDERS,
25.4%
OTHER
SHAREHOLDERS,
57.5%
SENIOR MANAGEMENT
Ordinary Shares
Matt Weber
MANAGER GEOLOGY
ASX COD
CODA MINERALS
The right asset, the right team, at the right time for copper
QUALITY ASSET
PROVEN TEAM
RIGHT COMMODITIES
RIGHT TIME
Material Scale
Over 1Mt Contained CuEq
Advanced
JORC2012 Defined Resource, 92% Indicated
Low Risk
South Australia – Tier 1 Jurisdiction, simplified approvals
4x Resource Increase
From 250kt to >1Mt contained CuEq in 2 years
Technical Achievements
Demonstrated viable mining and processing pathways
45% NPV Increase
NPV increased from $570M to $826M over 12 months
Strategic
Battery grade cobalt, high recoveries >90%, low capex final product
Leverage
Copper cathode provides marketing certainty
Regional Scale
South Australia’s first copper-cobalt downstream processing provides
regional opportunity
Possible Borefield Location
Emmie Bluff
CODA’S COPPER PORTFOLIO
Emmie IOCG
JORC RESOURCE SUMMARY
Discovery Hole:
EB18, aggregate 35m @ >1% Cu from 797m 1
> 1 Million tonnes contained CuEq
Resource
Confidence Cuttoff
0.2%
Cu
0.5%
Indicated
CuEq
0.5%
Indicated
CuEq
93% Indicated, 1.0%
7% Inferred
CuEq
Mt
Cu
Co
Ag
CuEq
(%)
(ppm)
(g/t)
(%)
CuEq
Contained
Metal (kt)
Cattle Grid SouthInferred
5.8
0.6%
121
4 N/A
36
MG14
1.8
1.2%
334
14
1.7%
31
17.7
0.8%
492
8
1.4%
249
40.2
1.3%
569
17
1.9%
751
1.6%
1,067
Windabout
Emmie Bluff
Total
ASX COD
Production Target:
31.81Mt @ 1.19% Cu, 0.06% Co (1.81% CuEq)
65.5
Possible Borefield Location
EL 6265
EL 6518
Possible Camp Location
Lake
Windabout
Windabout
Production Target:
5.96Mt @ 1.03% Cu, 0.07% Co (1.71% CuEq)
10
Kilometres
Datum : GDA2020, MGA Zone 53
Cattle Grid South
1Please see ASX releases on 28 July 2021, 23 August 2021, 28 February 2022, 20 June 2022, 30 January
2024 and 3 July 2024 for full details of all mineralised holes and Table 1
S OUTH
A UST RA LIA
Production Target:
Pending. Est. Approx 1.9Mt @ 1.03% Cu
MG14
Pernatty
Production Target:
Lagoon
1.26Mt @ 1.42% Cu, 0.04% Co (1.87% CuEq)
ASX COD
SCOPING STUDY
NET REVENUE
(A$M)
NET CASHFLOW
PRE-TAX
(A$M)
$6,622M
$1,755M
NPV8 PRE-TAX
IRR PRE-TAX
(A$M)
(%)
$826M
31%
PREPRODUCTION
CAPEX (A$M)
$306M
AISC
(USD/lb Cu)
CAPEX
• Phased approach to processing will see concentrate
sales from MG14, followed by high value-add
hydromet processing
• Early cashflow and staged approach limits PreProduction CAPEX & Total Financing Requirements
Exceptional Economics
• AISC US$1.73/lb Cu
• Compelling economics in strong future market
• Cobalt provides access to critical minerals funding
PRODUCTION
• 337,000 lifetime Copper tonnes @ 26tpa*
• 18,400 lifetime Cobalt tonnes @ 1.3tpa*
$1.73
*at steady state production
EMMIE DEEPS – BLUE SKY UPSIDE
Oak Dam West
AD-232: 425.7m @ 3.04% Cu, 0.59g/t Au
16km N
Carrapateena
900Mt @ 0.56% Cu, 0.24g/t Au, 2.6g/t Ag2
40km East
IRON OXIDE COPPER GOLD (IOCG)
• Gawler Craton - IOCG elephant country
• Emmie Deeps – 5th major Gawler Craton IOCG
Emmie Bluff
40.2Mt @ 1.9% CuEq
BHP
DRILL SUCCESS
• First drillhole into Emmie Deeps:
• Major geophysical survey and review commenced
in 2023, IOCG target areas identified, 2.5km long,
75% of which is undrilled.
Coda Minerals (100%)
IOCG Target Area
BEST DRILL
RESULTS1
23,000m DIAMOND DRILLING
27m @ 2.0% Cu, 0.29 g/t Au
42m @ 1.2% Cu, 0.28 g/t Au
EBD3W2
803m
912m
EB18W2
815m 24m @ 2.2% Cu, 0.29 g/t Au
902m 13m @ 3.5% Cu, 0.64 g/t Au
Emmie Deeps
EMMIE BLUFF
EMMIE IOCG
WINDABOUT
MG14
1Thicknesses and Cu grades have been rounded to the closest meter and 0.1% for simplicity. Please see
ASX releases on 28 July 2021, 23 August 2021, 6 & 22 December 2021, 28 February 2022 and 20 June 2022
for full details of all mineralised holes and Table 1
2BHP Oak Dam West Drill Intercept, 27 November 2018
330 June 2022 Carrapateena Mineral Resource
ASX COD
Uranium (U3O8) – USD/Lbs
Lithium Carbonate – CNY/t
COPPER – THE NEXT BOOM
2020
700,000
600,000
2022
2023
2024
- Prices peaked 2022 following surging EV demand
and supply ramp up constraints.
- Strong supply response due to high prices.
- Demand growth outstripped by highly elastic
supply - prices have plunged.
Lithium
500,000
400,000
300,000
200,000
100,000
Market Status: Currently Oversupplied
0
1/2/2020
120
100
1/2/2021
1/2/2022
1/2/2023
1/2/2024
- Depressed market demand following Fukushima
.- Limited exploration and few new projects over
past decade.
- Sudden major price rises from decarbonisation
led demand response against inelastic supply.
Uranium
80
60
40
20
0
1/1/2020
12,000
Copper– USD/t
2021
Market Status: Tight & Tightening
1/1/2021
1/1/2022
1/1/2023
1/1/2024
Copper
10,000
Market Size
USD 180B
8,000
6,000
4,000
1/1/2020
1/1/2021
1/1/2022
Data Source: Grad View 1/1/2023
Research, Data Bridge Mar ket 1/1/2024
Research, Business Resear ch Company Trading Economics
- Massive global market with enormous inertia
- Most projects are large-scale and expensive to
bring online; supply is highly inelastic.
- Demand growth potential from decarbonisation
is immense, but exploration has not kept pace.
Market Status: Balanced, Severe Deficit Forecast
ASX COD
COPPER SUPPLY & DEMAND
30
The world is facing a looming deficit of up
25
to 10mt per annum of copper by 2035.
Mtpa
20
15
Incentive pricing required to bring
10
additional supply online
Goldman Sachs:
$15,000 USD/t by
2026
5
0
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
Existing Mines
Commited Projects
Deficit
Data Source: CRU Group, EMCF Forecasts – August 2024, Goldman Sachs
Primary Demand
Bank of America:
$12,000 USD/t by
2026
JP Morgan:
$12,000 USD/t by
2027
COPPER’S SUPPLY RESPONSE
ASX COD
Addressing this shortfall will require every solution: Big Projects, Small Projects, Recycling and Substitution
Advanced Projects like Elizabeth Creek can be nimble and respond quickly to demand signals
Low CAPEX
Lower barrier to entry compared with multi-billion-dollar porphyry projects.
Low sovereign risk and exceptional ESG credentials
Access to capital will be streamlined by the low-risk jurisdiction.
Predictable approvals process
Early work has already begun in a mining friendly jurisdiction.
ASX COD
CODA MINERALS
Transformational short-term catalysts
STATUS
Average Cu Recovery: 66-77%
METALLURGY
June 2024, new oxide collectors demonstrated 12%
increase in Cu Recovery
Life of Mine Production
MINING
Copper: 337,000 tonnes
Cobalt: 18,400 tonnes
NPV8: $826M | IRR: 31%
NPV
45% increase in NPV from original March 2023 Study
Approvals Process Commenced
Preliminary Impact Assessment submitted
APPROVALS
WHAT’S NEXT
High reward test-work programme
Results throughout Sept 2024
Growth through exploration and improvement
Cattle Grid South mine planning underway
Compelling economics with room to grow
Inclusion of metallurgy and new deposit in
updated Study 2H 2024
Rapidly advancing approvals process
South Australia - Tier 1 jurisdiction
CODA’S STRATEGY
Exceptional base asset provides platform for growth
Maximise
1Mt of Contained CuEq defined Resources
Scoping Study: $826M NPV, 31% IRR
Completed –
- Refined Mining Method 45% NPV Increase
- Increase Copper Recovery
Ongoing
- Define Known Resources
Ongoing
Exploration IOCG
Expand
Emmie IOCG: Greenfields Discovery
Increase Resource
Exposure to globally significant
IOCG province, uncapped
exploration upside, open in
multiple directions at depth
Exploration driven value uplift
Maximise Project Value
Transform
Multiple advanced targets
defined by newly acquired seismic
data across tenement portfolio
Any Questions?
Appendices
APPENDIX A: STATEMENTS
Mineral Resources
Mineral Resources and Exploration Targets
1.
MG14 Indicated Mineral Resource: The information is extracted from the report entitled "Confirmation Statements JORC" created on 26th October 2020 and is available to view at: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asxresearch/1.0/file/2924-02298915-6A1003162&v=70bc033a22188bdfefb8a0b8ad3c24897ef2837d. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market
announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not
materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.
2.
Windabout Indicated Mineral Resource: The information is extracted from the report entitled "Confirmation Statements JORC" created on 26th October 2020 and is available to view at: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asxresearch/1.0/file/2924-02298915-6A1003162&v=70bc033a22188bdfefb8a0b8ad3c24897ef2837d. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market
announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not
materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.
3.
Emmie Bluff Mineral Resource: The information is extracted from the report entitled “Scoping Study Update Delivers Materially Improved Economics" created on 30 January 2024 and is available to view on https://cdnapi.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02766550-6A1191314. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market
announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not
materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.
4.
Cattle Grid South Mineral Resource: The information is extracted from the report entitled “Initial Copper Resource for Cattle Grid South" created on 03 July 2024 and is available to view on https://cdn-api.markitdigital.com/apimangateway/ASX/asx-research/1.0/file/2924-02823989-6A1214274&v=4015c7b87631faf94ecd96975272ff9ad5cb14c3. The company confirms that it is not aware of any new information or data that materially affects the information included in the
original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and
have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.
17
Coda Minerals - Sustaining Tomorrow
APPENDIX A: STATEMENTS
Competent Person Statement
Competent Person Statement for JORC 2012 Mineral Resources
This report was prepared in accordance with the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (“JORC Code”) by Tim Callaghan, who is a Member of the Australian Institute of Mining and
Metallurgy (“AusIMM”), has a minimum of five years’ experience in the estimation and assessment and evaluation of Mineral Resources of this style and is the competent Person as defined in the JORC Code. This announcement accurately summarises
and fairly reports his estimations and he has consented to the resource report in the form and context it appears.
The MG14 and Windabout Mineral Resource at the Mount Gunson Copper-Cobalt Project has been estimated by Mr Tim Callaghan, an external consultant, and is reported under the 2012 Edition of the Australasian Code for reporting of Exploration
Results, Mineral Resources and Ore Reserves (see Gindalbie Metals ASX announcement 19 January 2018 titled: Mt Gunson Copper-Cobalt Project Update).
Competent Person Statement for JORC 2012 Mineral Resources – Emmie Bluff
The information in this statement that relates to the Mineral Resource Estimates is based on work done by Dr Michael Cunningham of Sonny Consulting Services Pty Ltd. The information in this report which relates to exploration results is based on
information compiled by Mr. Matthew Weber, who is an employee of the company.
Dr Cunningham and Mr Weber are Members of the Australasian Institute of Mining and Metallurgy and have sufficient relevant experience to the style of mineralisation and type of deposit under consideration and to the activities undertaken to qualify
as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.
The Competent Persons consent to the inclusion in this report of the matters based on the information compiled by them, in the form and context in which it appears.
Competent Person Statement for JORC 2012 Mineral Resources – Cattle Grid South
The information in this statement that relates to the Mineral Resource Estimates is based on work done by Dr Michael Cunningham of SRK Consulting (Australasia) Pty Ltd (SRK).
Dr Cunningham is a Member of The Australasian Institute of Mining and Metallurgy and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as a
Competent Person in terms of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012).
18
Coda Minerals - Sustaining Tomorrow
APPENDIX B: METAL EQUIVALENT CALCULATIONS
Statement Regarding Metal Equivalent Calculations
Metal Equivalent grades are quoted for one or more of the Emmie Bluff, Windabout and MG14 Mineral Resources, or for exploration results considered by the company to be related directly to one of these Miner al
Resources, in this announcement.
For the Emmie Bluff Mineral Resource:
The Emmie Bluff Mineral Resource is reported as 40.2Mt @ 1.27% copper, 569ppm cobalt, 17g/t silver and 0.17% zinc (1.87% Copp er Equivalent (CuEq)) reported at a cut-off grade of 1% CuEq. The calculation of this
metal equivalent is based on the following assumptions.
Metal
Copper
Cobalt
Zinc
Silver
Coefficient
0.8
0.85
0.9
0.85
Forecast Price
$7,000
$55,000
$2,100
$18.50
Price Unit
USD/Tonne
USD/Tonne
USD/Tonne
USD/Oz
Price assumptions used when calculating copper equivalent grades were based primarily on Consensus Economics forecasts of metals, except for Cobalt, which was sourced via communication with subject matter
experts. Metallurgical assumptions used when calculating copper equivalent grades were based on a simple bulk float utilising rougher and minimal cleaner/scavenger circuits. The produced a reasonably consistent
mean recovery across most metals of between approximately 83 and 94 percent. For simplicity, and to in part account for losses associated with less intensive cleaner floats and losses to the hydromet plant, these
figures were rounded down to the nearest 5%.
Application of these assumptions resulted in the following calculation of CuEq:
𝐶𝑢𝐸𝑞% = 𝐶𝑢% + 0.00068 × 𝐶𝑜 𝑝𝑝𝑚 + 0.337 × 𝑍𝑛 % + 90.3 ×
For the Windabout and MG14 Mineral Resource:
The Windabout and MG14 Mineral Resource are reported at a cut-off grade of 0.5% CuEq as:
•
Windabout: 17.67Mt @ 0.77% Cu, 492 ppm Co and 8 g/t Ag (1.41% CuEq)
•
MG14: 1.83Mt @ 1.24% Cu, 334 ppm Co and 14 g/t Ag (1.84% CuEq)
19
Coda Minerals - Sustaining Tomorrow
𝐴𝑔 𝑝𝑝𝑚
10000
APPENDIX B: METAL EQUIVALENT CALCULATIONS
Statement Regarding Metal Equivalent Calculations (continued)
The calculation of this metal equivalent is based on the following assumptions:
Metal
Copper
Cobalt
Mining
Recovery %
0.9
0.9
Dilution %
Recovery %
Payability %
Forecast Price
Price Unit
0.05
0.05
0.6
0.85
0.7
0.75
$6,600
$55,000
USD/Tonne
USD/Tonne
Price assumptions used when calculating copper equivalent grades were based on recent historical metal prices at the time of calculation (2018). Metallurgical assumptions are based on extensive metallurgical
testwork undertaken on the two deposits to 2018 across various potential flowsheets involving both floatation and leaching. Ag analyse s in the estimation and metallurgical testwork were considered insufficient at the
time to include in the metal equivalent calculation.
Application of these assumptions resulted in the following calculation of CuEq:
𝐶𝑢𝐸𝑞% = 𝐶𝑢% + 0.0012 × 𝐶𝑜 𝑝𝑝𝑚
It is the opinion of the company that both sets of prices used in the calculations are reasonable to conservative long -term forecasts for real dollar metal prices during the years most relevant to the deposits (approx.
2026-2030).
It is the opinion of the company that all of the elements included in the metal equivalent calculations have a reasonable pot ential to be recovered and sold.
For full details of the Emmie Bluff Metal Equivalent calculation, please see “Scoping Study Update Delivers Materially Improved Economics” released to the market on 30th January 2024 and available to view at
https://www.codaminerals.com/wp-content/uploads/2024/01/20240130_Coda_ASX-ANN_Scoping-Study-Update-Delivers-Materially-Improved-Economics_RELEASE.pdf
https://www.codaminerals.com/wp-content/uploads/2024/01/20240130_Coda_ASX-ANN_Scoping-Study-Update-Delivers-Materially-Improved-Economics_RELEASE.pdf.
For full details of the MG14/Windabout Metal Equivalent Calculation, please see “Confirmation of Exploration Target & Mineral Resource and Ore Reserve Statement”, r eleased to the ASX on 23 rd October 2020 and
available at https://www.codaminerals.com/wp-content/uploads/2020/10/20201026_Coda_ASX-ANN_Confirmation-Statements-JORC.pdf
https://www.codaminerals.com/wp-content/uploads/2020/10/20201026_Coda_ASX-ANN_Confirmation-Statements-JORC.pdf.
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Coda Minerals - Sustaining Tomorrow
APPENDIX C: STATEMENTS & REFERENCES
Production Targets
The information in relation to production targets included in this presentation specifically on slide 7 is taken from the Scoping Study published on 30 January 2024.
The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of the quoted production targets, that all
material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context have
not been materially modified from the original market announcement.
References – Geological Images
The information in relation to images included in this presentation on slides 11 is taken from the announcement “MT Data Con tinues to Support Eastern Extension to Emmie Bluff” published on 12 February 2024. The company
confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement.
The information in relation to images included in this presentation on slides 12 & 13 is taken from the announcement “MT Survey Commences Targeting Emmie Bluff Extensions” published on 25 July 2023.The company
confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement.
References – Scoping Study
References to the Scoping Study relate to the Elizabeth Creek Scoping Study published on 30 January 2024. Please note disclaimers on slide 3 of this presentation and full details of the Study available on the ASX platform
and Coda’s website. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement.
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Coda Minerals - Sustaining Tomorrow
APPENDIX D : BOARD OF DIRECTORS & SENIOR MANAGEMENT
Keith Jones
NON-EXECUTIVE CHAIR
Chartered Accountant and senior mining industry leader with over 40 years of
corporate advisory experience including former Chairman of Deloitte Australia and
of Cannings Purple and former NED of Ora Banda Mining. Currently Non-Executive
Director of EcoGraf.
Robin Marshall
NON-EXECUTIVE DIRECTOR
Experienced mining executive previously involved in managing the successful
delivery of some of the world’s largest resource projects, including Chairman of the
Gruyere Steering Committee, major iron ore projects for BHP Billiton Iron Ore and
North Ltd.
Paul Hallam
NON-EXECUTIVE DIRECTOR
Accomplished resource industry leader who has been directly responsible for the
delivery and operation of 11 gold, base metals, and iron ore projects over 40
years. Former executive at FMG, Newcrest; former NED of Sandfire Resources and
current NED at Greatland Gold.
Chris Stevens
CHIEF EXECUTIVE OFFICER, DIRECTOR
Mineral economist, feasibility and project valuation specialist. Former CEO of
Gindalbie Metals, led the acquisition and demerger in 2019. Former Director of
Mining Operations Consulting at PwC, senior commercial and consulting roles
across mining, oil and gas. BA (Hons) Oxford University, MSc in Mineral Economics
(WASM), FAusIMM.
Kudzai Mtsambiwa
CHIEF FINANCIAL OFFICER
Chartered Accountant with 14 years’ experience in the international resources
sector. Lengthy career with West African-focused, Perseus Mining – where he held
the roles of Group Planning & Business Analyst and Group Financial Controller for
seven years. MSc in Mineral Economics (WASM).
Susan Park
COMPANY SECRETARY
Over 25 years’ experience in the corporate finance industry and extensive
experience in Company Secretarial and Non-Executive Director roles with ASX, AIM
and TSX listed companies. Susan is currently Company Secretary of several ASX
listed companies.
Matt Weber
MANAGER - GEOLOGY
Exploration geologist and mineral economist with over a decade’s exploration
experience working with Rio Tinto and multiple exploration companies across
Western Australia focussing on gold, iron ore and base metals. MSc in Mineral
Economics (WASM).
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Coda Minerals - Sustaining Tomorrow
6 Altona Street
West Perth
WA 6005
08 6270 6331
info@codaminerals.com
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