Announcement PDF RRS Gold Coast September 2026 Coda Minerals Investor Presentation ASX COD 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. This presentation is intended to be provided to persons who are sophisticated, accredited, professional or institutional investors (as applicable) to whom securities may be offered without a prospectus or other disclosure document, whether in Australia or any other jurisdiction, and to whom this presentation may be lawfully communicated, including investors referred to in section 708 of the Corporations Act 2001 (Cth). Not a prospectus: This presentation is not a prospectus, product disclosure statement or other investment disclosure document, and the level of disclosure in this presentation is less that such documents. It does not purport to contain all of the information that a prospective investor may require to make an evaluation of [short name] or its business activities. Nothing in this presentation is, or is intended to be, a recommendation to invest in the Company. The Company does not purport to give financial or investment advice. Photographs used on page 20 were provided by Adam Mørk Architectural Photography and are used with permission. ASX COD VIDEO PRESENTATION A video presentation accompanying this pack is available to view online on our website. https://codaminerals.com/ ASX COD PORT AUGUSTA ADELAIDE ELIZABETH CREEK Rapidly Advancing PFS NPV7 (Pre-Tax) :2.3B & IRR: 56% STAGE South Australia Supportive jurisdiction, low sovereign risk LOCATION Experienced Board >17 Project Experience TEAM Future Facing Minerals Cu– Key electrification metal, looming supply gulf Ag– Key solar component, demand exceeding supply. Co– Upside opportunity from growing battery demand & flowsheet reintegration. SOLID FOUNDATION OAK DAM WEST CARRAPATEENA SOUTH AUSTRALIA OLYMPIC DAM *Please see ASX release Elizabeth Creek Project Economics - Additional Information on 10th March 2026. CODA’S COPPER PORTFOLIO Resource Confidence Cut-off Mt Cu Co Ag CuEq CuEq (%) (ppm) (g/t) (%) Contained Metal (kt) Emmie Bluff 93% Indicated, 7% Inferred 1.0% CuEq 40.2 1.3% 569 17 1.9% 751 MG14 Indicated 0.5%CuEq 1.8 1.2% 334 14 1.7% 31 Windabout Indicated 0.5% CuEq 17.7 0.8% 492 8 1.4% 249 Cattle Grid South Inferred 0.2% Cu 5.8 0.6% 121 4 N/A 36 Total 65.5 1.60% 1,067 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. Please see Appendix for links to full Resource Table, Resource Statements, Confirmatory Statements under LR 5.19.2 and Copper Equivalent grade calculations. JORC RESOURCE SUMMARY 65.5Mt @ 1.6% CuEq > 1 Million Tonnes of CuEq EMMIE BLUFF (FLAGSHIP) Underground Deposit ~ 400m depth Total Area: 701 km2 ELIZABETH CREEK OAKDEN Cu-Co-Ag Prospect ~ 30m depth EMMIE DEEPS Iron Oxide Copper Gold (IOCG) Underground Deposit ~ 800m depth WINDABOUT Open Pit Deposit ~ 50 - 70m depth MG14 Open Pit Deposit ~ 20m depth CATTLE GRID SOUTH Open Pit Deposit ~ 30m depth ASX:COD CORPORATE $51M Market Capitalisation 3 Sept 2026 427M Ordinary Shares 3 Sept 2026 $10.8M Cash and Equivalents 30 June 2026 $0.12 Share Price 3 Sept 2026 ASX COD Keith Jones NON-EXEC CHAIR Robin Marshall NON-EXEC DIRECTOR Susan Park COMPANY SECRETARY Chris Stevens CEO, DIRECTOR Paul Hallam NON-EXEC DIRECTOR Matt Weber MANAGER GEOLOGY Colin Moorhead STEERCO CHAIR Heather Evans GENERAL MANAGER METALLURGY & PROCESS Experienced Board & Management Project delivery, exploration, studies and corporate leadership. 200+ years combined experience 25+ projects delivered & operated Discovery to development expertise BOARD OF DIRECTORS SENIOR MANAGEMENT T H E P R O P O S I T I O N ASX:COD A long-life copper-silver deposit to make finished metal in one plant, next door to BHP. T H E R E SO U R C E 706kt Cu 28Moz Ag Contained in a 65.5Mt@1.6% CuEq resource across three deposits. Two open pits to provide early revenue. Emmie Bluff underground is shallower and thicker than the sediment- hosted mines it is benchmarked against — 400m, not 800– 1,200m. T H E C HE M I S T RY ~95% Cu ~98% Ag Whole-ore chloride leach to LME cathode and doré on site. No concentrate, no smelter, no treatment charges, 3.5% royalty instead of 5%. Cobalt kept as free upside. T H E A DD R E S S South Australia to BHP's Oak Dam West; 40km to Carrapateena; 114km to Olympic Dam. South Australia ranked 4th globally by the Fraser Institute. Scoping Report gazetted; Mining Lease process underway. T H E V A L U E A$2.25Bn Pre-tax NPV7 and 56% IRR on A$615M capex over a 15.5-year life. The company trades at roughly 3% of post-tax NPV while the PFS converts scoping numbers into bankable ones. 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. Please see Appendix for links to full Resource Table, Resource Statements, Confirmatory Statements under LR 5.19.2 and Copper Equivalent grade calculations. 3Please see ASX release Elizabeth Creek Project Economics - Additional Information on 10th March 2026. 2Recoveries from Emmie Bluff deposit using chloride and air oxidative leach. For full details, please see ASX release New Flowsheet Delivers Significant Cu-Ag Economic Uplift on 28th August 2025 WHY THE PFS MATTERS ❖ Most fundamental step on the road to commercialisation PFS ❖ Copper & Silver at historically strong levels ❖ Increased M&A and metals streaming activity provides strategic optionality TIMING VALUE UPLIFT ❖ Peers have demonstrated significant value uplift through study progression ❖ Commercial outcomes can unlock development options ASX:COD De-risking the pathway to development Potential valuation catalyst Supportive market environment KEY TAKEAWAY The PFS is a key value catalyst for Elizabeth Creek. Advancing the project toward a commercial development decision at a favourable point in the commodity cycle. ASX:COD CURRENT ACTIVITIES ❖ Scoping Report Gazetted LOCATION & APPROVALS ❖ Mining Licence Application Process Tier 1 Jurisdiction ❖ South Australian - Low sovereign risk ❖ 4th Place on the Fraser Institute Global Risk Rankings Infrastructure Access ❖ Access via established highways & sealed roads ❖ 150km to port facilities in port Augusta Clear Approvals Pathway ❖ Statewide copper strategy ❖ Established copper mining jurisdiction, surrounded by world-class projects OLYMPIC DAM - BHP 114KM NN OAK DAM WEST - BHP 16KM NE Key step in obtaining mining approvals Securing Mining Lease over tenure CARRAPATEENA - BHP 40KM EAST ASX:COD 400m Please see Appendix for links to full Resource Table, Resource Statements, Confirmatory Statements under LR 5.19.2 and Copper Equivalent grade calculations. CURRENT ACTIVITIES ❖ MRE Update ❖ Mine Planning Mine planning and updated resource work are advancing development readiness and supporting future reserve definition. ❖ MG14 - 1.3Mt @ 1.9% CuEq Production Target ❖ WINDABOUT - 6Mt @ 1.7% CuEq Production Target ❖ Provides early revenue ❖ EMMIE BLUFF - 32Mt @ 1.8% CuEq Production Target ❖ Simple mining via conventional drill & blast SIMPLE MINING – OPEN PIT AND 400M UNDERGROUND WINDABOUT MG14 EMMIE BLUFF Open Pits Flagship Underground Project Nation Avg Mined Thickness Upper Mining Depth Lower Mining Depth Average Productivity (MTPA) Emmie Bluff Australia 4 -400 -450 3 Zhomart Kazakhstan 4.5 -540 -540 4 Polkowice- Sieroszowice Poland 2.55 -380 -890 12 Lubin Poland 2.8 -380 -1000 7.3 White Pine USA 4.5 -760 -1000 5 Khoemacau Botswana 9 -650 -1200 3.6 Rudna Poland 4 -850 -1250 11.7 Deep Glogow (Planned, 2028) Poland 2.4 -1200 -1400 10 ASX:COD Shallow by Global Standards Emmie Bluff: ❖ Shallower depth ❖ Larger average mined thickness; and ❖ Lower throughput than is achieved at similar deposits worldwide ASX:COD TH E B RE AK TH R O UGH — WH EN C H EM I S TR Y C H A NGE S EVE RY TH I NG What if we dissolved it instead? PREVIOUS FLOWSHEET: Flotation → Concentrate → Albion Crush Fine grind Flotation Cu-Co conc. Albion oxidative leach SX/EW + crystallisation Cathode, Co sulphate, doré Two plants, fine grind, intermediate concentrate, cobalt circuit. Bulk-float testwork returned ~83–94% recoveries across the key metals. BASE CASE: Whole-Ore Chloride Leach One plant, one leach, two finished products. Cobalt stays in the residue and remains recoverable — retained as upside, not base case. 94.8% Copper recovery 98.2% Silver recovery P80 75µm grind, vs 58µm for flotation A$615M Total capex, updated case CRUSH GRIND WHOLE ORELEACH SX/EW MERRILL-CROWE Cu COPPER CATHODE Ag SILVER DORÉ UPSIDE OPPORTUNITY: Project economics currently assume no revenue from Cobalt OPTIONAL COBALT CIRCUIT Ongoing testwork to optimize cobalt recovery pathway from leached residue. Co COBALT SULPHATE *Recoveries from Emmie Bluff deposit using chloride and air oxidative leach. For full details, please see ASX release New Flowsheet Delivers Significant Cu-Ag Economic Uplift on 28th August 2025 SCOPING STUDY ELIZABETH CREEK NPV7 Pre-Tax Pre-Tax IRR A$2.25Bn 56% NPV7 Post-Tax Post-Tax IRR A$1.52Bn 43% NPV7 Pre-Tax Pre-Tax IRR A$3.46Bn 76% NPV7 Post-Tax Post-Tax IRR A$2.38Bn 60% Revenue A$8.98Bn Revenue A$11.11Bn BASE CASE $10,500/t $60/oz 0.68 Cu Ag FX 15.5 Mine Life Production 454kt 20.3Moz Cu 29 Ag 47 $14,416/t $66/oz 0.72 Cu Ag FX For full details, please see ASX release Elizabeth Creek Project Economics - Additional Information on 10th March 2026. Spot Prices at 7th September 2026. SPOT PRICE PFS WORKSTREAM & PATHWAY TO DEVELOPMENT PFS Program – Near-Term Catalysts Complete ✓ Scoping Study Update Drilling Program In Progress Upcoming Updated MREs Metallurgy & Flowsheet Base Case to PFS Standard PFS Level Mine Plan Process Engineering Maiden Reserve & PFS Release . Pathway to Production PFS FS Approvals FID Construction First Production 2025 2026 2027 2028 2029 2030 ML Submission PFS Scoping Report Gazetted Timeline isindicative and subject to change FID First Production Water Drilling Scoping Report Gazetted Hydro Drilling Appendices Coda Minerals - Sustaining Tomorrow 16 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/asx- research/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/asx- research/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 BluffMineral Resource: The information is extracted from the report entitled “Scoping Study Update Delivers Materially Improved Economics" created o n 30 January 2024 and is available to view on https://cdn- api.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/apiman- gateway/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. Mineral Resources APPENDIX A: STATEMENTS Coda Minerals - Sustaining Tomorrow 17 Competent Person Statement for JORC 2012 Mineral Resources - MG14 & Windabout 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 Elizabeth Creek 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 ASX announcement 26th October 2020 titled: Confirmation Statements JORC). 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 releva nt to the style of mineralisation and type ofdeposit 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). Competent Person Statement APPENDIX A: STATEMENTS Coda Minerals - Sustaining Tomorrow 18 Aggregated Mineral Resources at Elizabeth Creek APPENDIX B: MINERAL RESOURCES OPEN PIT Proposed Tonnage Cut-off Copper Cobalt Silver Zinc Copper Equivalent Resource Category Type Mining Mt Grade Grade Contained Grade Contained Grade Contained Grade Contained Grade Contained Method (% Cu) Metal (t) (ppm Co) Metal (t) (g/t Ag) Metal (Moz) (ppm Zn) Metal (t) (% CuEq) Metal (t) MG14 Indicated Zambian Open Pit 1.8 0.5% CuEq 1.2% 22,700 330 600 14 0.8 1.7% 30,600 Cattle Grid South Inferred Breccia Open Pit 5.8 0.2% Cu 0.6% 36,000 120 700 3.5 0.7 684 4000 36,000 Windabout Indicated Zambian Open Pit 17.7 0.5% CuEq 0.8% 136,100 490 8700 8 4.6 1.4% 249,100 Sub Totals Indicated Zambian Open Pit 19.5 0.5 CuEq 0.8% 158,800 480 9300 8.5 5.4 1.4% 316,000 (Open Pit) Inferred Breccia Open Pit 5.8 0.2% Cu 0.6% 36,000 120 700 3.5 1 684 4,000 UNDERGROUND Proposed Tonnage Cut-off Copper Cobalt Silver Zinc Copper Equivalent Resource Category Type Mining Mt Grade Grade Contained Grade Contained Grade Contained Grade Contained Grade Contained Method (% Cu) Metal (t) (ppm Co) Metal (t) (g/t Ag) Metal (Moz) (ppm Zn) Metal (t) (% CuEq) Metal (t) Indicated Zambian Underground 37.5 1% CuEq 1.3% 485,000 590 22,000 17 20.6 1800 66000 1.9% 715,000 Emmie Bluff Inferred Zambian Underground 2.7 1% CuEq 0.9% 26,000 280 1,000 12 1.1 1700 5000 1.3% 36,000 Sub Total (Underground) Combined Zambian Underground 40.2 1% CuEq 1.3% 511,000 570 23,000 16.8 21.7 1700 70000 1.9% 751,000 Project Wide Total 65.5 Mt 705,800t Contained Cu 33,000t contained Co 28 Moz Contained Ag 75,000t Contained Zn 1,067,000t contain CuEq [1] No Copper Equivalent was calculated for Cattle Grid South. Contained CuEq tonnes quoted in this column for Cattle Grid South consist of contained copper only. [2] Total figures have been aggregated purely for convenience and to contextualise the specific contribution of individual Mineral Resource Estimates to the overall project scale. Grades reported are tonnage-weighted averages of the individual Mineral Resource Estimates. Coda notes that the total figure includes resources reported at varying cut-off grades, with varying estimation techniques, metallurgical properties and proposed mining methods. Individual Mineral Resource Estimates should be considered individually. A total copper equivalent figure has not been disclosed as Coda does not believe it is currently appropriate to calculate a copper equivalent for the Cattle Grid South Mineral Resource Estimate. Please see below sections Statement Regarding Metal Equivalent Calculations and Competent Persons Statement for full details on the calculation of copper equivalents and links to original releases/CP statements. Figures have been rounded for simplicity. [3] No Zinc estimate was provided for the MG14 and Windabout deposits. This figure reflects the contained tonnage solely from Emmie Bluff and Cattle Grid South. Coda Minerals - Sustaining Tomorrow 19 Statement Regarding Metal Equivalent Calculations APPENDIX C: 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 Mineral 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% Copper Equivalent (CuEq)) reported at a cut-off grade of 1% CuEq. The calculation of this metal equivalent is based on the following assumptions. 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 × 𝐴𝑔 𝑝𝑝𝑚 10000 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) Metal Coefficient Forecast Price Price Unit Copper 0.8 $7,000 USD/Tonne Cobalt 0.85 $55,000 USD/Tonne Zinc 0.9 $2,100 USD/Tonne Silver 0.85 $18.50 USD/Oz Coda Minerals - Sustaining Tomorrow 20 Statement Regarding Metal Equivalent Calculations (continued) APPENDIX C: METAL EQUIVALENT CALCULATIONS The calculation of this metal equivalent is based on the following assumptions: 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 analyses 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 potential 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. For full details of the MG14/Windabout Metal Equivalent Calculation, please see “Confirmation of Exploration Target & Mineral Resource and Ore Reserve Statement”, released to the ASX on 23rd October 2020 and available at https://www.codaminerals.com/wp-content/uploads/2020/10/20201026_Coda_ASX-ANN_Confirmation-Statements-JORC.pdf. Metal Mining Recovery % Dilution % Recovery % Payability % Forecast Price Price Unit Copper 0.9 0.05 0.6 0.7 $6,600 USD/Tonne Cobalt 0.9 0.05 0.85 0.75 $55,000 USD/Tonne Coda Minerals - Sustaining Tomorrow 21 Production Targets – Listing Rule 5.19.2 APPENDIX D: STATEMENTS & REFERENCES In relation to any Production Target or any forecast financial information based on any Production Target quoted or referenced in this announcement, the Company confirms thatall material assumptionsunderpinning both the Production Target and any forecast financial information continue to apply and have not materially changed. The original ASX announcement released on 3 December 2024 relatingto any Production Target or forecast financial information derived from any Production Targetreferenced within thisannouncement can be found here. References – Scoping Study Referencesto the Scoping Study relate to the Elizabeth Creek Scoping Study published on 10th March 2026. Please note disclaimers on slide 2 of this presentation and full detailsof the Study available on the ASX platform and Coda’swebsite. The company confirmsthat it isnot aware of any newinformation or data that materially affects the information included in the original market announcement. References – Geological Images The information in relation to imagesincluded in thispresentation on slides 22 istaken from the announcement “DrillingIdentifies Potential Emmie Bluff Extension – Additional Information ” published on 21 March 2025. The company confirms that it is not aware of any new information or data that materially affectsthe information included in the original market announcement. The information in relation to imagesincluded in thispresentation on slides 11 istaken fromthe announcement “MT Survey Commences Targeting Emmie Bluff Extensions” published on 25 July 2023.The company confirms that itis not aware of any new information or datathat materially affects the information included in the original market announcement. Coda Minerals - Sustaining Tomorrow 22 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. Susan Park COMPANY SECRETARY Over 25 years’ experience in the corporate fi