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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 Mining
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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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