COD identifies initial copper resource at Cattle Grid South for Elizabeth Creek Project, SA
Project Name: Elizabeth Creek Project
Project Location: SA, Australia
Project Stage: Exploration
ProjectBank Summary:
Coda Minerals Limited (ASX: COD) has completed an initial Mineral Resource Estimate (MRE) for the Cattle Grid South deposit, part of the 100%-owned Elizabeth Creek Copper Project in South Australia’s Olympic Copper Province. The MRE indicates 5.8 Mt at 0.62% Cu for approximately 36kt of contained copper and 0.5kt of contained cobalt, along with accessory silver and zinc. The Cattle Grid South deposit is situated about 30km south of Coda’s Emmie Bluff deposit, further enhancing the project’s growing copper inventory. The company is investigating the inclusion of this new deposit in the overall Elizabeth Creek Scoping Study, with potential for early revenue generation.
Coda Minerals Highlights:
Initial Inferred Mineral Resource Estimate (MRE) completed for the Cattle Grid South deposit, part of the 100%-owned Elizabeth Creek Copper Project in South Australia:
5.8 Mt at 0.62% Cu for approximately 36kt of contained copper and 0.5kt of contained cobalt with accessory silver and zinc using a cut-off grade of 0.2% Cu.
Cattle Grid South adds to existing Inferred and Indicated Resources at the MG14, Windabout, and Emmie Bluff deposits, which together comprise approximately 60Mt at 1.72% CuEq.
The new deposit is located approximately 30km south of Coda’s Emmie Bluff deposit, 3km from the MG14 open pit deposit, and 6km from the Windabout open pit deposit.
Coda is investigating the inclusion of this new deposit in the overall Elizabeth Creek Scoping Study.
MD/CEO Statement:
Chris Stevens, CEO, commented: "The completion of this new Mineral Resource Estimate for the shallow Cattle Grid South deposit represents a useful addition to our copper resource inventory at Elizabeth Creek and demonstrates the significant upside potential across the project more broadly. The addition of over 35,000 tonnes of contained copper to our project-wide inventory is a significant development for the broader project. We believe that this deposit has the potential for inclusion with MG14 in Stage 1 of the Elizabeth Creek Scoping Study and therefore has the potential to drive early revenue."
