Coda Minerals Nearing Completion of Elizabeth Creek Scoping Study

THE DRILL SERGEANT: Coda Minerals (ASX: COD) will land at the RIU Explorers Conference next week with plenty of news regarding progress of a Scoping Study at the company’s 100 per cent-owned Elizabeth Creek copper project in South Australia.

Coda Minerals is conducting the Scoping Study for the copper-cobalt Resources at Elizabeth Creek that includes new developments with the process plant flowsheet design.

Coda has assessed material inputs into the upcoming Scoping Study up to the point of production of a copper-cobalt concentrate from a centrally located on-site flotation plant.

These studies cover the full project scope from mining, processing and transportation through to non-process infrastructure, as well as preliminary environmental and hydrogeological assessment.

The part of the Scoping Study relating to the downstream processing of concentrate to final saleable products remains subject to a series of trade-off studies relating to multiple processing options.

“The completion of the Scoping Study will mark the culmination of an enormous amount of work on the mining and metallurgy of the Elizabeth Creek project,” Coda Minerals CEO Chris Stevens said in the company’s ASX announcement.

“Although often considered high-level in nature, a Scoping Study also needs to set out a robust base case encompassing the optimum combination of options to be taken forward into a Pre-Feasibility Study.

“With the vast majority of the mining and metallurgy work, as well as all ancillary inputs, now complete, we are making excellent progress with the final stages of the study.

“The work still to be completed relates to one of the project’s greatest strengths – the amenability of cobalt to high recoveries and processing to deliver valuable battery-grade end-products on site.

“With all but one of the trade-off studies now complete, we expect to finalise this work very shortly and look forward to completing the study towards to the end of the current quarter with the results likely to be presented to the market in April 2023.”