Positive Cobalt Flotation Results at Elizabeth Creek

• Up to 83% of cobalt collected into 4% of remaining material
• Flotation targets cobalt left after leaching
• Potential to increase net cobalt recovery

Coda Minerals Ltd. has reported positive results from laboratory tests at its Elizabeth Creek project in South Australia. The tests demonstrated the potential to collect up to 83% of the cobalt left after leaching into just 4% of the remaining material using a conventional flotation stage. This could significantly enhance the project's economics by capturing cobalt that would otherwise go to tailings. The company is now assessing the feasibility of extracting cobalt from the concentrate and determining the most cost-effective method. Coda's preferred option is to return the concentrate to the proposed chloride leach circuit, potentially avoiding a separate hydrometallurgical circuit. The project is advancing with ongoing metallurgical, engineering, groundwater, and environmental studies.

The company is optimistic about the potential to increase cobalt recovery and enhance project economics through further testing and evaluation of the flotation process.