How is the current programme tracking with respect to an earlier announcement as follows:
Emmie Bluff Drilling Paves Way for Maiden
JORC Resource
17-hole diamond drill program strongly validates Exploration Model for extensive zone of
copper-cobalt mineralisation extending well over 4.5 square kilometres of lateral extent.
Highlights
• 17-hole diamond drill program completed safely at the Emmie Bluff copper-cobalt deposit
• Geological logging continues to support the previously announced Exploration Target
• Final core being transported to Adelaide for cutting, sampling and submission, with results
expected in April 2021
• Further 4-6 in-fill drill holes planned for June 2021 Quarter to support a maiden JORC 2012
compliant Mineral Resource Estimate in Q3 2021
• Drilling of Tier-1 IOCG targets on track for April 2021, subject to final approvals
• Coda is well-funded with over $10 million cash at bank
Coda Minerals Limited (ASX:COD, “Coda” or
“the Company”) is pleased to advise that it has
completed, on-time and on-budget, the 17-
hole Phase 2 exploration and mineral resource
definition drill program at the Emmie Bluff
copper prospect, part of its Elizabeth Creek
Copper Project in South Australia (Figure 2).
Emmie Bluff forms part of a suite of highquality copper projects at Elizabeth Creek,
which is located in the heart of the Olympic
Copper Province.
The Olympic Copper Province hosts the
Prominent Hill, Olympic Dam and Carrapateena
copper-gold operations as well as BHP’s recent
Oak Dam West copper-gold discovery, which is
located just 15km from Emmie Bluff.
Coda is the operator and majority owner of the
Elizabeth Creek Project, holding a 70% interest
alongside Torrens Mining (ASX: TRN), which
holds a 30% interest.
Coda is pleased that the drilling program was
completed safely and without incident, and
thanks the drilling companies, suppliers, field
geologists, and supervisors, who have
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Ann: High-Grade Assays Confirm Bornite Zone at Emmie Bluff Deeps, page-27
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