Hydrogeological Drilling Starts at Elizabeth Creek

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Stock Coda Minerals Ltd (COD.ASX)
Release Time 23 Jul 2026, 8:56 a.m.
Price Sensitive Yes
 Coda Minerals Commences Hydrogeological Drilling at Elizabeth Creek
Key Points
  • Hydrogeological drilling has started at the Elizabeth Creek Project.
  • The program includes 3 production bores and 3 monitoring bores, totaling 1,400 meters.
  • The data will support the Pre-Feasibility Study (PFS) and environmental approvals.
  • After completing the hydrogeological program, the rig will move to Oakden for exploration drilling.
  • Further details on the Oakden targeting rationale will be provided in a subsequent announcement.
Full Summary

Coda Minerals Limited (ASX: COD) has commenced hydrogeological drilling at its 100%-owned Elizabeth Creek Copper-Silver Project in South Australia. The drilling program includes 3 production bores and 3 monitoring bores, totaling approximately 1,400 meters. The data collected will support the ongoing Pre-Feasibility Study (PFS) and aid in environmental approvals. Once the hydrogeological program is complete, the rig will move to the Oakden prospect for exploration drilling. Coda Minerals CEO Chris Stevens highlighted the importance of understanding groundwater for water supply, geotechnical design, and environmental management. Further details on the Oakden targeting rationale will be provided in a forthcoming announcement.

Outlook

The company anticipates that the hydrogeological data will support the PFS and environmental approvals, and the exploration drilling at Oakden may add to the Elizabeth Creek story.