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Coda Minerals Boosts Elizabeth Creek Value to $1.18B, Raises $5.1M for Drilling
9:39am on Friday 31st of January, 2025 AEDT
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Coda Minerals Boosts Elizabeth Creek Value to $1.18B, Raises $5.1M for Drilling
9:39am on Friday 31st of January, 2025 AEDT
Key Points
Pre-tax NPV7 increased to approximately $1.18 billion with a 35% IRR
Post-tax NPV7 rose 57% to about $802 million due to improved metallurgy and market conditions
Raised $5.1 million through entitlement offer and placement to fund exploration
Drilling to commence at Emmie East prospect in February 2025
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