Coda Minerals Identifies Potential Extensions at Emmie Bluff

Coda Minerals Ltd ( (AU:COD) ) has shared an announcement.

Coda Minerals has completed a four-hole drilling program at the Emmie East and Emmie South-East prospects, revealing potential extensions of copper mineralization beyond the existing Emmie Bluff Resource. The discovery of mineralized Tapley Hill Formation shale outside the current resource boundary suggests opportunities for resource expansion, supported by a strong cash position of $5 million. The company is also exploring new processing methods to reduce project CAPEX and enhance the economics of its copper-cobalt-silver project.

More about Coda Minerals Ltd

Coda Minerals Limited is an Australian company operating in the mining industry, primarily focused on copper, cobalt, and silver exploration and development. The company’s key project is the Elizabeth Creek Copper-Cobalt Project in South Australia, which includes the significant Emmie Bluff deposit.

YTD Price Performance: -6.67%

Average Trading Volume: 257,884

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$19.66M

For a thorough assessment of COD stock, go to TipRanks’ Stock Analysis page.