Strong Copper & Silver Results Drive Elizabeth Creek PFS

Key points

• High copper and silver extraction rates confirmed across different mineral compositions
• Site water shows potential to improve metal extraction
• Cobalt extraction averaged 40%, with potential for future revenue inclusion
• Ongoing tests to refine process and improve cobalt recovery
• Ausenco selected as principal process engineering consultant

Full summary

Coda Minerals Ltd has announced strong metallurgical results from its Elizabeth Creek Copper-Silver Project, demonstrating high copper and silver extraction rates across a range of mineral compositions. The tests, using site water, showed potential improvements in metal extraction due to the water's high salinity. Cobalt extraction averaged 40%, offering potential for future revenue inclusion. Ongoing tests aim to refine the process and improve cobalt recovery. Ausenco has been selected as the principal process engineering consultant, supporting the final flowsheet selection and detailed design for the Pre-Feasibility Study.

Outlook

Coda Minerals anticipates finalizing the flowsheet selection and proceeding with detailed design and engineering, aiming to include cobalt in future economic assumptions.