InvestSMART

Coda Minerals Ltd (ASX:COD)

ALERT: Price-sensitive ASX Announcement for COD
Current share price for COD : $0.115 0 (0%)+
Announcement
Release
23 Jul 2026 8:56AM
Price at Release
$0.115
Full Release
download
Summary
Coda Minerals Ltd has initiated a hydrogeological drilling program at the Elizabeth Creek Copper-Silver Project in South Australia. The program involves six bores, both production and monitoring, to gather data crucial for the Pre-Feasibility Study and related environmental and geotechnical planning. This data will aid in future mining operations, particularly in water supply and management strategies. Post-completion, Coda intends to move their operations to the Oakden site for further exploration. The drilling also offers a chance to obtain additional geological insights.
Key Points
  • Coda Minerals Ltd has commenced hydrogeological drilling at its Elizabeth Creek Copper-Silver Project in South Australia.
  • The drilling program includes six bores, comprising three production and three monitoring bores, totaling approximately 1,400 meters.
  • Data from the drilling will inform the Pre-Feasibility Study (PFS), including geotechnical design, mine dewatering, and environmental approvals.
  • The program will assess potential water supply, dewatering, and depressurization planning for both open-pit and underground workings.
  • Coda Minerals plans to move the rig to Oakden for exploration drilling after completing the current program at Elizabeth Creek.
  • The drilling program also presents an opportunity to gather incidental geological information from the area.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.