ASX:COD

2 stories mentioning ASX:CODUpdated 37d ago

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Coda Minerals Raises Nearly AU$7 Million via Share Placement; Shares Down 10%

Coda Minerals (ASX:COD) raised AU$6.7 million through an oversubscribed placement of 51.5 million shares at AU$0.13 apiece, according to a Monday filing with the Australian bourse.The placement also includes an attaching option in the existing listed CODO class exercisable at AU$0.15 each, expiring on March 28, 2029, based on one option for every four shares subscribed, the filing said.Proceeds will be used to advance key pre-feasibility study workstreams at the company's Elizabeth Creek project in South Australia, per the filing.Shares fell 10% in recent trade on Monday.

ASX:COD

Asia51d ago

Coda Minerals to Start Hydrogeological Drilling, Environmental Surveys, Tailings Studies for South Australia Project

Coda Minerals (ASX:COD) is set to start hydrogeological drilling, environmental surveys, and tailings studies over the coming weeks as it advances the Elizabeth Creek project in South Australia, according to a Monday filing with the Australian bourse.The company appointed a hydrogeological drilling contractor to test potential future water supply sources for mining operations while collecting environmental and engineering data for mine planning and approvals, the filing said.Additionally, the company engaged specialist consultants to undertake detailed studies for the future tailings storage facility, and began a second phase of environmental and ecology surveys across the project, per the filing.

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