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Coda MineralsASX:COD

Explorer, with a project stated to be in Australia.

NoneAustralia — as stated on the recordings

explorer NoneAustralia
Dec 2025Covered
7 of 10Topics on record
1 executiveNamed on the record
Stage
Explorer
Jurisdiction
Australia
Deposit
copper-silver
Latest appearance
04 Dec 2025
On record
1 interview · 15 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

Money on hand
fully funded PFS
Management-stated Chris Stevens Dec 2025
What happens next
PFS to DFS transition
Management-stated Chris Stevens Dec 2025
The main open question
Material does not establish independent validation of deposit economics, resource confidence, or metallurgical assumptions.
Weighed from the statements below, not our opinion of the company.
Our reading

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Coda Minerals's own claims across 1 interview — most-covered theme first.

What outside voices pick up on

No independent commentary on record yet — so far the page carries only the company's own voice.

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says copper-silver deposit of 4.5 km² with 93% indicated resource near Olympic Dam sits on flat-lying ore amenable to leach processing.

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

Management says copper-silver deposit of 4.5 km² with 93% indicated resource near Olympic Dam sits on flat-lying ore amenable to leach processing. At current spot prices ($1,160/lb Cu, $59/oz Ag), NPV rises to $1.9 billion post-tax with 60% IRR versus $855 million at original assumptions; reoptimization of mine plan and geotechnical assumptions expected to unlock further upside. Fully funded PFS advancing toward DFS by end-2026.

▼ Bear case

Material does not establish independent validation of deposit economics, resource confidence, or metallurgical assumptions.

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

Material does not establish independent validation of deposit economics, resource confidence, or metallurgical assumptions. Significant work remains: hydro drilling, water variability studies, mining method selection, and mine plan reoptimization before feasibility is locked. NPV and IRR highly sensitive to copper and silver prices—60% IRR quoted at spot prices ($1,160/lb Cu) versus 35% at original assumptions ($420/lb Cu). No operating track record disclosed, and permitting timeline unclear beyond "scoping process" and 2026 target.

◆ Watch next

PFS completion and transition to DFS by end-2026 (fact 6).

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

PFS completion and transition to DFS by end-2026 (fact 6). Outcomes of hydro drilling, water variability work, and mine plan reoptimization (fact 8). Metallurgical test work on leach process and demonstration of process economics (fact 13). South Australian government scoping process milestones (fact 5). Copper and silver price movement—material sensitivity to spot prices evident in 60% vs 35% IRR range (fact 10–11).

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 8 statements

The deposit 2

Key takeaway. Management says the deposit is a copper-silver system (December 2025).

Read the full summary

They describe a flat-lying ore body of about 4.5 square kilometers, with 93% of the resource in the indicated category, which they point to as exploration upside (December 2025).

What was actually said
deposit type
copper-silver
“the numbers now are based purely on copper and silver.”
Chris Stevens· 04 Dec 2025·
exploration upside
flat-lying ore body about 4.5 square kilometers, 93% indicated in resource
“It's a big laterally extensive flat lying all body. it's about 4 and a half square kilometers. So we're 93% indicated in the resource.”
Chris Stevens· 04 Dec 2025·

Jurisdiction 3

Key takeaway. Management highlights that the project is located in South Australia, next door to BHP's Carropatina project and about an hour down the road from Olympic Dam (December 2025).

Read the full summary

The company reports that the South Australian government has a scoping process underway for the project (December 2025).

What was actually said
country
South Australia
“Elizabeth Creek Copper Silver Project, which is located in South Australia”
Chris Stevens· 04 Dec 2025·
permit status
South Australian government has a scoping process underway
“the South Australian government is a really good process. It's called the scoping process.”
Chris Stevens· 04 Dec 2025·
region
next door to BHP's Carropatina project and about an hour down the road from Olympic Dam
“just next door to BHP's Carropatina project and about an hour down the road from Olympic Dam”
Chris Stevens· 04 Dec 2025·

Technical risk 3

Key takeaway. Regarding technical risk, Coda Minerals' management states that the geotechnical assumptions used in their mine plan were conservative and that a planned reoptimization is expected to improve economics.

Read the full summary

However, they acknowledge that several work streams — including hydro drilling, water variability analysis, mine plan optimization, and mining method selection — are still needed before a definitive feasibility study (DFS) can be completed. Management also notes that metallurgy has shifted from the previously considered copper-cobalt-silver flotation to a copper-silver leach process.

What was actually said
key assumption
geotechnical assumptions used conservatively; mine plan reoptimization expected to improve economics
“we used very conservative assumptions in the geotech...reoptimizing the mine plan should give us an enormous uplift in the economics”
Chris Stevens· 04 Dec 2025·
metallurgy
copper-silver leach process; previously considered copper-cobalt-silver flotation
“a copper cobalt silver with a flotation versus a straight copper silver with a leech...about 20% of the world's copper is produced by a leech.”
Chris Stevens· 04 Dec 2025·
stated risk
hydro drilling, water variability work, mine plan optimization, mining method selection needed before DFS
“we got to do the hydro drilling. You've got to reoptimize the mind plan. you've got to do more variability work”
Chris Stevens· 04 Dec 2025·

Economics 4 statements

Economics 3

Key takeaway. Management reports that the project's post-tax NPV increases from $855 million (based on $420/lb copper and $30/oz silver in the original study) to $1.9 billion at spot prices of roughly $1,160/lb copper and $59/oz silver as of December…

Read the full summary

2025. The IRR, they say, rises from 35% on the original assumptions to 60% at current spot prices.

What was actually said
irr
35% on original assumptions, 60% at spot today
“IRS were what? 60% at spot today, about 35% on original assumptions.”
Chris Stevens· 04 Dec 2025·
npv
$855 million post tax at 9260 copper ($420/lb) and $30/oz silver; $1.9 billion post tax at spot prices
“the published numbers are $855 million post tax...we did that at 9260 copper, which is $420 a pound...at today's spot price, we're talking a $1.9 billion post tax NPV”
Chris Stevens· 04 Dec 2025·
price assumption
$420/lb copper and $30/oz silver in original study; $1,160/lb copper and $59/oz silver at time of interview
“we did that at 9260 copper, which is $420 a pound...We're at 11600 this morning...we were at $30 an ounce...we are now what, 59 this morning.”
Chris Stevens· 04 Dec 2025·

Financing 1

What was actually said
financing status
fully funded PFS
“we are now advancing on a fully funded prefeasibility study”
Chris Stevens· 04 Dec 2025·

Timeline 2 statements

Timeline 2

Key takeaway. Management said a pre-feasibility study to definitive feasibility study transition milestone was reached in December 2025, and that a study is due towards the end of 2026.

Read the full summary

The December 2025 date appears in two different contexts — as the timing of the PFS-to-DFS milestone and as a parenthetical note on the study due-date — though the company has not reconciled whether those refer to the same event.

What was actually said
milestone
PFS to DFS transition
“we go through pfs into straight into a DFS towards DFS?”
Chris Stevens· 04 Dec 2025·
study due
towards the end of 2026
“we expect to deliver uh towards the end of 2026.”
Chris Stevens· 04 Dec 2025·

Corporate 1 statement

Management 1

What was actually said
track record
Company fifth anniversary, founder/CEO Chris Stevens with project development experience
“I've just had our fifth anniversary...We're going to get through that no matter what. We're funded.”
Chris Stevens· 04 Dec 2025·

Sources 1 interview

Every interview 1

DateChannelInterviewStatements
04 Dec 2025 Crux Investor Coda Minerals (ASX:COD)– Fully Funded PFS + Continuous Drilling Set Up Big 2026 15

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

bhp group 1
bitcoin 1
cobalt 1
coda minerals limited 1
copper 1
gold 1
nickel 1
silver 1

Questions people ask

What is Coda Minerals's project and where is it?

Coda Minerals is a explorer mining company, with a project stated to be in Australia. Everything here is drawn from its executives' own interviews.

Which interviews mention Coda Minerals?

We track 1 interview mentioning Coda Minerals, across 1 channel (Crux Investor).

What are investors saying about Coda Minerals?

No independent commentary is on record yet — so far the page carries only the company's own voice.

What do recent interviews with Coda Minerals cover?

The most-discussed topics on record are economics, jurisdiction, technical risk, the deposit — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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