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- Multiple on-ground programs now underway
- Advancing project through pre-feasibility study activities
- Hydrogeological drilling contractor appointed
- Tailings storage facility studies and environmental baseline programs advancing
Coda Minerals (ASX: COD) has appointed an experienced hydrogeological drilling contractor as the Elizabeth Creek copper-silver project in South Australia enters major phase of field activities.
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Work includes with hydro drilling, environmental surveys and tailings studies all scheduled to commence over coming weeks.
CEO Chris Stevens said multiple on-ground programs are now moving ahead simultaneously at Elizabeth Creek as the project continues to advance through the pre-feasibility study (PFS) stage.
“Water studies, environmental baseline work and tailings planning are all important parts of progressing any mining project toward development and approvals.
“Although the primary focus of the hydro programme is water and environmental data collection, one of the planned holes will also test an area south of the current Emmie Bluff Resource where previous drilling intersected copper mineralisation outside the existing resource boundary.
“In a higher-risk global environment, we believe the combination of a large copper project in a stable mining jurisdiction like South Australia continues to position Elizabeth Creek well as the Project advances.
“Over coming weeks and months, shareholders can expect to see a steady flow of technical and field activities as these programmes continue to progress.”
Hydro drilling is expected to commence in June and will test potential future water supply sources for mining operations while also collecting critical environmental and engineering data required for mine planning and approvals.
The program will include three production bores and four monitoring bores across the Elizabeth Creek Project area. Importantly, one planned hole at Emmie Bluff will also test an area south of the current mineral resource where previous drilling intersected copper mineralisation outside the existing resource boundary.
Coda has also appointed specialist consultants to commence detailed studies for the future tailings storage facility (TSF), a key piece of infrastructure required for mine development.
A second phase of environmental and ecology surveys is now underway across the broader project area following encouraging preliminary results earlier this year.
High-resolution Lidar and aerial surveys are scheduled to commence alongside the hydro drilling programme in coming weeks.
The surveys will support infrastructure planning, tailings design, environmental studies and broader project development activities across Elizabeth Creek.
COD is steady at 14.5¢. Mkt cap $54.25M.
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