Coda Minerals Ltd
Coda Minerals is advancing the Elizabeth Creek copper-silver project in South Australia, following a Dec 2024 scoping study with a Pre-Feasibility Study now underway. Cash of US$9,077,900 (~A$13.0 million, Jun 2026, post-placement) and debt of US$111,728 (immaterial) are both reported directly in USD, with no FX conversion applied.
Lifecycle Milestones
Not in place: mill, tailings facility, grid power.
Jurisdiction (40%)9/10
South Australia: Fraser PPI 2025 is 85.47 of 100 (rank 16 of 68), which maps to 9 on this site's scale. South Australia — a top-tier mining jurisdiction.
Infrastructure (40%)2.9/10
No confirmed mill, confirmed road access, no confirmed grid power, and no confirmed tailings facility at Elizabeth Creek Copper-Silver Project, South Australia.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:6/10
Stage: Preliminary Economic Assessment
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:8/10
Primary commodity: Copper
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Founder, Chief Executive Officer and Executive Director of Coda Minerals Ltd (full name Christopher James Stevens). 18+ years' experience in the mining and resources industry. Previously Commercial Manager, then Chief Executive Officer and Executive Director (2015-2021), of Gindalbie Metals. BA (Hons) in Oriental Studies and MA in Chinese Studies, University of Oxford.
Non-Executive Chairman of Coda Minerals Ltd.
Chief Financial Officer of Coda Minerals Ltd, appointed March 2025 on a part-time consulting basis (approximately 2 days per week). Chartered accountant and finance professional with 27+ years' commercial experience in public practice and private consulting. Former audit partner at BDO Perth; principal of his own consulting firm providing corporate, financial and compliance services. Registered company auditor; member of the Australian Institute of Company Directors, for whom he facilitates the finance modules of the company directors course. Bachelor of Commerce, Curtin University.
Company Secretary of Coda Minerals Ltd.
Non-Executive Director of Coda Minerals Ltd since 2019, directly responsible for delivery and operation of the company's resource projects. Mining industry professional with 45+ years' Australian and international resource experience across surface and underground mining. Previously Director of Operations at Fortescue Ltd, Executive General Manager of Developments and Projects at Newcrest Mining, and Director of Victorian Operations at Alcoa. Concurrently Independent Non-Executive Director of Greatland Gold Plc (since 2021); previously Independent Non-Executive Director of Sandfire Resources Ltd (2013-2021) and Independent Director of Sandfire Resources America, Inc. (2014-2016).
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
The one substantial holder on record here -- a wealth-management platform holding shares on behalf of client accounts rather than making an independent investment decision -- had already exited its position by the time this was checked, so there is no current outside conviction holder to credit. No producer holds a stake.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Coda Minerals owns 100% of the Elizabeth Creek copper-silver project in South Australia, which includes the Emmie Bluff, Windabout and MG14 deposits. A scoping study was completed in December 2024 and its economics were refreshed in March 2026 using a simplified whole-ore-leach flowsheet, and a pre-feasibility study is under way, targeted for the first quarter of 2027. In July 2026 South Australia's Department of Energy and Mining formally gazetted the project's Scoping Report, setting the terms of reference for the environmental studies needed before a mining lease application, which the company aims to submit within months of completing the pre-feasibility study. Groundwater drilling at Windabout and Emmie Bluff is serving both the study and the approvals process.
No reports or presentations linked yet.