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Companies Presenting at 2025 RIU Explorers Conference Already Have News to Report

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THE CONFERENCE CALLER: Companies presenting at the upcoming 2025 RIU Explorers Conference have been busy in the lead up to the event.

Here’s a brief sample of what has been happening across the sector thus far this year.

 

 

 

Coda Minerals to Commence High-Impact Drilling at Elizabeth Creek

Coda Minerals (ASX: COD) is on the march in readiness for a high-impact exploration drilling program at the company’s 100 per cent-owned Elizabeth Creek copper-cobalt project (ECCCP) in South Australia.

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Dreadnought Resources Consolidates Mangaroon Tenement Holdings

Dreadnought Resources (ASX: DRE) continues to expand its Mangaroon project in Western Australia.

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Spartan Resources Kicks Off NY with Major Dalgaranga Drilling Program

Spartan Resources (ASX: SPR) has kicked off 2025 in style with a raft of activity at the company’s 100 per cent-owned Dalgaranga gold project (DGP), located in the Murchison region of Western Australia.

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Caspin Resources to Commence Bygoo Tin Project Drilling

THE DRILL SERGEANT: Caspin Resources (ASX: CPN) is set to commence its first drilling campaign at the company’s recently acquired, 100 per cent-owned Bygoo tin project in New South Wales.

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Galan Lithium Increases Candelas Mineral Resources

Galan Lithium (ASX: GLN) announced a material increase in the JORC (2012) Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Candelas project in the Catamarca Province of Argentina.

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New World Resources Identifies Gold-Rich Alteration Zone at Antler Deposit

New World Resources (ASX: NWC) reported identifying additional gold mineralisation at the y’s Antler Copper project in Arizona, USA.

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Warriedar Resources Drills High-Grade Gold Across Multiple Shears

Warriedar Resources (ASX: WA8) has identified a new gold zone within the company’s Golden Range project in Western Australia.

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Coda Minerals to Commence High-Impact Drilling at Elizabeth Creek

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THE DRILL SERGEANT: Coda Minerals (ASX: COD) is on the march in readiness for a high-impact exploration drilling program at the company’s 100 per cent-owned Elizabeth Creek copper-cobalt project (ECCCP) in South Australia.

Coda Minerals anticipates commencing drilling in the coming weeks targeting extensions of the project’s cornerstone Emmie Bluff copper cobalt-silver deposit.

The first round of drilling will consist of up to 2,000m of drilling, comprising four Reverse Circulation pre-collars with diamond tails.

The program will target repeats of the Emmie Bluff mineralisation immediately to the east and south-east of the main Mineral Resource (collectively the “Emmie East” prospect), which comprises 40.2 million tonnes at 1.87 per cent copper equivalent.

Coda has identified a geophysical response to the east of Emmie Bluff similar to whathas previously been seen in the core of the deposit, which the company thinks could offer potential for the discovery of a secondary sub-basin.

“Drilling at the Emmie East prospect area will test several high-confidence geophysical targets which exhibit many distinct similarities to the area which covers the main Emmie Bluff Mineral Resource,” Coda Minerals CEO Chris Stevens said in the company’s ASX announcement.

“This similarity extends across not just the electrical properties of the rock as seen through MT, but also the acoustic properties of the rock as assessed by 2D seismic.

“We define success at Emmie East as being able to replicate the intercepts which we have reported within the bounds of the Emmie Bluff Resource – which typically comprise mineralised horizons 2-6m thick with copper equivalent grades in excess of one per cent copper equivalent.

“These intersections, while less thick than those encountered further down at Emmie Deeps, can extend for kilometres in multiple directions, as they do at Emmie Bluff.

“Put together, these intercepts can result in a very large accumulations of metal.

“Although rare in Australia, deposits of this type represent around 20 per cent of global copper production.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Coda Minerals Flotation Testing Delivers Pathway to Improved Recoveries

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THE DRILL SERGEANT: Coda Minerals (ASX: COD) reported encouraging initial results from ongoing metallurgical test work it is conducting on material sourced from the company’s 100 per cent-owned Elizabeth Creek copper-cobalt project in South Australia.

Coda Minerals is conducting the test work on the back of a positive Scoping Study, delivered in March 2024.

The latest results relate to recently completed metallurgical test work on material from Windabout, one of the open pit deposits at Elizabeth Creek where a series of flotation tests assessed the impact of novel oxide collectors (Syensquo Aero® Ox 100 series and 3418A) on copper recovery.

Both sets of tests improved recoveries of both copper and cobalt.

“To deliver a transformational uplift at Elizabeth Creek we have two major levers to pull: the first is in exploring for additional Resources and the second is in seeking to increase copper recoveries,” Coda Minerals CEO Chris Stevens said in the company’s ASX announcement.

“This work is the first step in achieving improvements to recoveries by delivering a major uplift during the rougher float stages without incurring any significant additional costs.

“Pursuing an Increase in recovery numbers is extremely important as it essentially delivers more payable metal from the same number of mined tonnes without a material increase in costs.

“We have commenced test work with Windabout, which has the lowest overall recoveries across the project, but we anticipate that this change in flotation collectors will also deliver major improvements for the MG14 and Emmie Bluff deposits.

“These tests show that this work has been extremely worthwhile, demonstrating unequivocally that the right combination of reagents can concentrate the oxides within these deposits.

“With this successful application during the rougher stage, we will now progress to test work across the whole flotation process through to cleaner concentrate.

“Following that we will then undertake test work on MG14 and Emmie Bluff as well.

“Once complete, we anticipate that this work will give us updated recovery numbers for each deposit, flowing through ultimately to a potentially significant boost to overall project economics.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Coda Minerals Consolidates Ownership of Cameron River

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THE DRILL SERGEANT: Coda Minerals (ASX: COD) is set to acquire 100 per cent-ownership of the Cameron River project in the Mt Isa region of Queensland.

The Cameron River project consists of 35 square kilometres of copper, gold, uranium, and rare earths exploration tenure spanning two Exploration Permits (EPMs 27042 and 27053).

The tenure is in an ideal neighbourhood being located approximately halfway between Mt Isa and Cloncurry, and immediately north of the historic Mary Kathleen uranium mine.

In 2021, Coda Minerals entered a binding Farm-In and Joint Venture Agreement receiving the right to acquire up to an 80 per cent ownership in the Cameron River project.

Coda has now executed documents with Wilgus Investments to consolidate 100 per cent-ownership of the tenure.

Wilgus retains the right to a 1% NSR payable on any mineral products mined from the tenure on terms customary for this form of transaction.

“This consolidation is a logical next step for both parties and will simplify ongoing exploration and commercialisation of Cameron River,” Coda Minerals CEO Chris Stevens said in the company’s ASX announcement.

“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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Coda Minerals Nearing Completion of Elizabeth Creek Scoping Study

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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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Coda Minerals Advancing Emmie System at Elizabeth Creek

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Coda Minerals (ASX: COD) recently underscored its understanding of the company’s Elizabeth Creek copper project in the Olympic Copper Province in South Australia.

Coda is the operator and majority owner of the Elizabeth Creek project, holding a 70 per cent interest alongside Torrens Mining, which holds a 30 per cent interest.

Coda and Torrens have struck a Bid Implementation Deed for the companies to merge via a recommended takeover offer, consolidating 100 per cent ownership of the Elizabeth Creek project.

Recent diamond drilling continued to demonstrate the substantial metal endowment of the broader Emmie System, which comprises both the shallower Emmie Bluff copper-cobalt deposit and the adjacent Emmie IOCG (copper-gold) at depth.

Two recent drill-holes combined with comprehensive re-logging of drill core by an IOCG expert, changing the company’s ideas about what the project may hold.

The first hole, EBD7, seemed to cut off a bornite zone on the far western edge of the anomaly while the second returned a copper-rich bornite dominated intercept from a location the company was not expecting to find one.

Combining results with detailed re-logging of previous holes, Coda interpreted outcomes to suggest multiple copper-bearing conduits could exists within the Emmie IOCG mineralised system.

“Simply put, we thought we were chasing a single area of mineralisation, but we now believe that there may be multiple zones of bornite,” Coda Minerals CEO Chris Stevens said.

“What we don’t yet know is how many there are, and whether or not some are much thicker than what we have found to date.”

The bornite encountered by the second of the holes mentioned provides new targets along with already established information leading the company’s suspicions Emmie IOCG displays hallmarks of an accumulation of copper and other valuable metals at least comparable in scale to the Emmie Bluff copper-cobalt deposit above it, and potentially much larger.

“Having both types of potentially economic copper mineralisation within the same overall mineralised system is unique, probably in the world,” Stevens said.

“With approximately 800,000 tonnes of contained copper equivalent already defined in Indicated Resources at Emmie Bluff, the IOCG beneath has also begun to demonstrate significant scale.”

Coda signalled its next move will be to focus on drill testing to evaluate and extend the new bornite zone encountered in EBD7 and re-evaluate historical drill hole SAE4, which encountered 16m at 0.64 per cent copper and 0.2g/t gold from 860m and 36m at 0.71 per cent copper and 0.2g/t gold from 884m.

Apart from this work, the company has taken very early steps to assess the economic potential of the Emmie IOCG deposit with the intention to integrate the Emmie IOCG deposit into the ongoing Elizabeth Creek scoping study.

“Based on what we already know, we have reached a point of confidence that Emmie IOCG represents a significant accumulation of copper and other valuable metals at least comparable in scale to the Emmie Bluff copper-cobalt deposit above it, and potentially much larger,” Stevens said.

“This opens up the very real option to evaluate the potential of a fully integrated development of these two deposits as part of a much larger mining operation.”

 

Email: info@codaminerals.com
Web: www.codaminerals.com
Directors: Keith Jones, Chris Stevens, Colin Moorhead, Robin Marshall, Paul Hallam

 

Coda Minerals and Torrens Mining Merger to Consolidate Elizabeth Creek Ownership

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THE BOURSE WHISPERER: Coda Minerals will be expecting a rush of interest at the 2022 RIU Explorers Conference next week after announcing it is to merge with Torrens Mining to create a leading base and precious metals exploration company focussed on the Elizabeth Creek copper project in South Australia.

If successful, the proposed merger is expected to result in Coda consolidating 100 per cent-ownership of the Elizabeth Creek copper project via the acquisition of Torrens’ current 30 per cent Joint Venture interest.

“The combination with Torrens provides a compelling opportunity to create value for both sets of shareholders by unlocking important synergies in the exploration and development of our core asset, the Elizabeth Creek copper project in South Australia,” Coda Minerals chief executive officer Chris Stevens said in the companies’ joint ASX announcement.

“The offer provides an immediate premium of over 30 per cent, while the consolidation of 100 per cent-ownership of Elizabeth Creek in a single company represents a logical and very positive next step in the project’s evolution.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@codaminerals.com

 

Web: www.codaminerals.com

 

Coda Minerals Identifies New Cameron River Copper-Gold Targets

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THE DRILL SERGEANT: Coda Minerals (ASX: COD) has identified new copper-gold target zones at the company’s Cameron River project, located in the Mt Isa mineral province in North Queensland.

Coda Minerals identified the new targets from recent field activity that produced high-grade rock chips at Cameron River that recorded individual peak grades of 22.9 per cent copper, 2.74 grams per tonne gold, 0.94 per cent cobalt and 156.7g/t silver in systematic rock-chip sampling.

The recent work also confirmed and extended historic data, which in turn expanded the mineralised corridor at the most prospective Copper Weed and Rebound prospect areas to 2km long and up to 800m wide.

Coda Minerals entered into a binding Farm-in and Joint Venture Agreement in March 2021, giving it the right to acquire up 80 per cent ownership in the Cameron River project.

Since then, Coda has carried out three rock chip sampling programs over what it considers the most prospective areas across the two tenements.

“Earlier this year, we farmed into the Cameron River project on the basis of its clear prospectivity and lack of systematic historical exploration knowing that we had some legwork to do on the ground,” Coda Minerals CEO Chris Stevens said in the company’s ASX announcement.

“These results are just the first step in that journey, but already we are seeing exceptional results from areas of known prospectivity as well as the emergence of new areas of interest across the tenure.

“Although these headline numbers are impressive, the Mt Isa region is well known for supergene enrichment to high grades of copper and gold in rock chip samples, and these do not always indicate a material copper endowment nearby.

“In this case however, our enthusiasm comes more from the support that these geochemical results provide for targets which were generated using a multifaceted approach emphasising geophysics and structural geology, as well as the scale, lateral extent and repeatability of the Copper Weed/Rebound anomalism in particular.

“With numerous walk-up drill targets now defined at the surface, the potential of the Cameron River project for a short-term discovery is stronger than ever.

“Clearly, our primary focus remains on the ongoing activity at our flagship Elizabeth Creek project in South Australia, however, we will also be moving quickly to test these exciting new targets when the weather allows in the new year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@codaminerals.com

 

Web: www.codaminerals.com

 

Coda Minerals Confirms Bornite Zone at Emmie Bluff Deeps

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THE DRILL SERGEANT: Coda Minerals (ASX: COD), along with Joint Venture partner Torrens Mining (ASX: TRN), reported assays from holes drilled as wedge holes from previously reported drill hole DD21EB0018.

DD21EB0018 was the first hole in the company’s deep IOCG drill program to test the Emmie Bluff Deeps IOCG target, which forms part of Coda’s broader Elizabeth Creek project in the Olympic Copper Province in South Australia.

Assay results from the two wedge holes drilled from DD21EB0018 have confirmed IOCG-style copper-gold mineralisation at Emmie Bluff Deeps:

Wedge 1:

17.1m at 1.2 per cent copper, 0.3 grams per tonne gold, 1.3g/t silver from 824m;

Wedge 2 Upper:

24m at 2.2 per cent copper, 0.3g/t gold, 8.9g/t silver from 815m, including 3m at 4.2 per cent copper, 0.3g/t gold, 10.5g/t silver from 830m; and

Wedge 2 Lower:

12.9m at 3.5 per cent copper, 0.6g/t gold, 25.4g/t silver from 902m, including 3.2m at 4.9 per cent copper, 1.3g/t gold, 41.8g/t silver from 905m, and 2.9m at 4.8 per cent copper, 0.3g/t gold, 33.8g/t silver from 911m.

“These exceptional results further refine and de-risk our exploration program,” Coda Minerals CEO Chris Stevens said in the company’s ASX announcement.

“Building on the previously released assays from our first diamond hole, they give us further encouragement that we are closing-in on a large-scale IOCG deposit at Emmie Bluff Deeps.

“Wedge 2, in particular, is significantly more intensely mineralised than the parent hole, validating our exploration model.

“These are also the best-ever assays received from the Emmie Bluff IOCG prospect over many years of drilling by previous explorers.

“Our geological hypothesis is that these wedge holes have intersected more of the ‘apron’ of relatively flat-lying mineralisation that we believe surrounds a sub-vertical mineralising structure located close to DD21EB0018.

“These new assays demonstrate directionality through increasing copper grade and together with recent drilling data, assist in vectoring us toward a main mineralising structure.

“Our job now is to follow that vector with the drill rig and, in conjunction with ongoing geophysical work, to narrow down our target envelope.

“Our goal is to locate what we believe is a large, brecciated structure hosting high grade copper-gold mineralisation across a substantial vertical thickness.

“From that perspective, we are particularly excited by the lower bornite-rich zone encountered in Wedge 2.

“Around 90 vertical metres separates the top of the upper zone and the base of the lower zone in this hole.

“That width provides a strong indication that any mineralising structure that we encounter in the area will be at least that vertically extensive.

“Multiple drilling rigs are operating at Emmie Bluff Deeps, with two new surface drill-holes in progress and already well advanced, we anticipate further news flow over the next two to three weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@codaminerals.com

 

Web: www.codaminerals.com

 

Coda Minerals Validates IOCG Mineralisation at Emmie Bluff Deeps

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THE DRILL SERGEANT: Coda Minerals (ASX: COD) reported assays from the first hole at Emmie Bluff Deeps IOCG target within the company’s Elizabeth Creek Joint Venture project in South Australia with Torrens Mining Limited (ASX: TRN).

Coda received assays from the first drill-hole in its deep IOCG drill program at Emmie Bluff Deeps that have confirmed IOCG-style copper-gold mineralisation at Emmie Bluff Deeps, with multiple zones intersected.

Results include:

DD21EB0018

4.69m at 1.01 per cent copper, 0.17 grams per tonne gold and 3.6g/t silver from 797.45m down-hole;
28.14m at 1.21 per cent copper, 0.37g/t gold and 2.3g/t silver from 810.79m down-hole, including 4.83m at 2.16 per cent copper, 0.63g/t gold and 4.3g/t silver from 816.8m; and
2.57m at 2.11 per cent copper, 0.30g/t gold and 13.2g/t silver from 842.03m down-hole, including 1.45m at 3.44 per cent copper, 0.42g/t gold and 22.1g/t silver from 842.77m.

“These results provide the first quantitative evidence of IOCG copper-gold mineralisation at Emmie Bluff Deeps,” Coda Minerals CEO Chris Stevens said in the company’s ASX announcement.

“These assays are consistent with what we would expect from chalcopyrite zones within a broader IOCG system.

“They also represent the best intersections yet known from the Emmie Bluff Deeps prospect, including across many years of exploration by earlier companies.

“Together, they significantly increase our confidence in the project and further de-risk the potential opportunity from Emmie Bluff Deeps.

“In terms of grade and thickness, the assays have come in well within the range that we were expecting based on our visual observations.

“The chalcocite and bornite zones have yielded strong grades, and we expect to see more of this sort of higher-grade mineralisation in the wedge holes to the east.

“Together with visual observations of the recently drilled wedge holes, this represents further validation of our exploration model and our interpretation of the local geology.

“Our interpretation suggests that this hole was drilled immediately to the west of a major mineralising structure and has most likely intersected a broad and relatively flat-lying ‘apron’ of mineralisation which surrounds it.

“An accelerated and aggressive exploration program is underway, focused on the area of highest prospectivity to the east and north-east of DD21EB0018 and, all going well, will confirm our hypothesis with results expected in the weeks ahead.”

 

 

 

Email: info@codaminerals.com

 

Web: www.codaminerals.com