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Coda Minerals Ltd (ASX:COD)

ALERT: Price-sensitive ASX Announcement for COD
Current share price for COD : $0.120 0.003 (2.13%)+
Announcement
Release
31 Jul 2026 8:21AM
Price at Release
$0.118
Full Release
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Summary
In the June 2026 quarterly activities and cashflow report, Coda Minerals Ltd reported significant progress in their Elizabeth Creek project, a 100%-owned copper-silver asset located in South Australia. The quarter's highlights include a strong quarter-end cash position of $10.77 million, buoyed by an oversubscribed placement that raised $4.7 million. Key milestones achieved include the gazettal of the project's Scoping Report, setting a regulatory framework for environmental studies, and the commencement of hydrogeological drilling. The company plans to follow this with exploration drilling at the Oakden prospect. Coda is advancing towards a pre-feasibility study (PFS) for Elizabeth Creek, targeting completion in Q1 2027.
Key Points
  • Strong quarter-end cash position of $10.77 million.
  • Oversubscribed $6.7 million placement raised $4.7 million.
  • Gazettal of the Project's Scoping Report achieved.
  • Hydrogeological drilling commenced at Elizabeth Creek.
  • Oakden exploration drilling planned after hydrogeological programme.
  • Elizabeth Creek is a 100%-owned copper-silver project.
  • Targeting Q1 2027 PFS completion for Elizabeth Creek.
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.