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Coda Minerals Ltd (ASX:COD)

ALERT: Price-sensitive ASX Announcement for COD
Current share price for COD : $0.120 -0.005 (-4%)+
Announcement
Release
19 Aug 2026 8:33AM
Price at Release
$0.125
Full Release
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Summary
Coda Minerals Ltd is set to commence a shallow copper drilling program at the Oakden prospect, located within the Elizabeth Creek project in South Australia. The exploration program aims to replicate and confirm historical mineralization at the site. The initial phase will include 5–6 shallow reverse circulation (RC) drill holes totaling approximately 300-400 meters. The objectives are to test the continuity of mineralization and confirm geological interpretations. Depending on the results, a second phase with 12–22 additional drill holes could assess a broader mineralization extent along a more than 1km corridor. Historical exploration data from the 1970s and 1990s will guide the current efforts.
Key Points
  • Coda Minerals to start shallow copper drilling at Oakden prospect.
  • Initial program includes 5-6 shallow RC drill holes.
  • Phase 1 to confirm historical mineralization and test continuity.
  • Potential Phase 2 to assess broader mineralization corridor.
  • Exploration guided by historical data from the 1970s and 1990s.
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.