Coda Minerals Limited in conjunction with its joint venture partner Torrens Mining Limited reported significant updates from the ongoing exploration drilling program at the Emmie Deeps IOCG deposit, part of the Elizabeth Creek Copper Project in South Australia. Coda is the operator and majority owner of the Elizabeth Creek Project, holding a 70% interest alongside Torrens, which holds a 30% interest. Coda and Torrens have entered into a Bid Implementation Deed for the companies to merge via a recommended takeover offer, consolidating 100% ownership of the Elizabeth Creek Project. The Company advised that parent drillhole EBD4 has now been completed to a final depth of 958m, with visual estimates indicating that a significant wide zone of mineralisation was intersected in this important stepout hole. The EBD4 mineralisation, which is chalcopyritedominated, extends from 764m downhole with anomalous chalcopyrite
continues with varying intensity over an interval of approximately 60 metres. The hole was drilled to the south and east of
previous drilling, and the mineralisation encountered appears to extend the known mineralised envelope by approximately
550m, increasing the previously confirmed strike by approximately 200m. The assays from drillholes 2W1 and 3W2A showed comparable results to nearby holes, with the strongest copper grades
associated with the bornite zone in 3W2A, while chalcopyritedominated mineralisation was encountered in other portions
of the holes and with the mineralisation broadly consistent with similar holes in the deposit. Drillhole 2W4 showed material
improvement in grades relative to its parent hole, strongly suggesting the presence of an additional mineralising structure or
influence to the east of the known major structure.