Coda’s Elizabeth Creek tests open a cobalt option as PFS decisions near

• 94.4% average copper and 95.9% silver extraction across four representative Emmie Bluff composites
• 39.7% average cobalt extraction, with current project economics assuming no cobalt revenue
• 1,378-metre hydrogeological drilling programme completed across Windabout and Emmie Bluff
• $10.08 million cash balance at 30 September 2026, with approximately 4.1 quarters of funding