COD consolidates 100% ownership of Cameron River Project, QLD

Project Name: Cameron River Project

Project Location: Queensland (QLD), Australia

Project Stage: Exploration

ProjectBank Summary: Coda Minerals Limited (ASX: COD) has executed agreements to consolidate 100% ownership of the Cameron River Project, located in the Mt Isa region of Queensland. This strategic move enhances the company's control over a highly prospective area for copper, gold, uranium, and rare earth elements. The consolidation follows the initial 2021 Farm-In and Joint Venture Agreement and positions Coda to advance exploration activities, including soil sampling and detailed mapping.

Coda Minerals Highlights:

• Consolidation of 100% ownership:

  • Includes 35 km² of exploration tenure for copper, gold, uranium, and rare earths across two Exploration Permits (EPMs 27042 and 27053).

• Location and strategic importance:

  • Situated between Mt Isa and Cloncurry, near the historic Mary Kathleen Uranium Mine.

• Recent and planned exploration activities:

  • Commenced review of copper and uranium potential.

  • Field staff deployed for soil sampling and detailed mapping.

MD/CEO Statement: Chris Stevens, CEO of Coda Minerals, commented: "This consolidation is a logical next step for both parties and will simplify ongoing exploration and commercialisation of Cameron River. Elizabeth Creek is clearly our first priority; however, Cameron River remains highly prospective exploration tenure located in an area famous for copper, gold, uranium, and rare earth elements. We look forward to reporting the results of current review and exploration work to the market later in the quarter."