On behalf of the Directors of Coda Minerals Limited, it gives me great pleasure to present this Prospectus for Coda’s
initial public offer to raise a minimum of $5,000,000, up to $6,500,000 (before costs).
Coda is a mineral exploration company established from the Demerger Scheme undertaken by Gindalbie Metals for the
purpose of exploring for and discovering high grade Copper-Cobalt and IOCG Mineral Resources located at its Elizabeth
Creek Project situated on the Stuart Shelf within the Gawler Craton in South Australia.
Coda is in the process of earning up to 75% of the Elizabeth Creek Project by way of a staged farm-in, with a pathway to
increasing its ownership interest in the project via the expenditure step in agreement in the Joint Venture. The Company
was attracted to this project due to its highly prospective geological setting within proven mineralised mining areas, and
the lack of modern exploration or processing techniques across the extensive tenement package.
The Company has already commenced exploration activities, including by spending $5.6 million on exploration activities
at the Elizabeth Creek tenements as at the Prospectus Date. It currently holds a 51% interest in the project, but is
anticipating completing the finalfarm-in stage to acquire a 70% interestin the first quarter of 2021. It also holds an option
to increase its interest in the project to 75%.
The key purpose of the Offer is for the Company to raise additional funds to advance exploration at Elizabeth Creek.
The Company is led by a well-qualified board and management team with strong technical, financial and commercial
expertise which is ideally suited to manage the Company’s activities and to capitalise on exploration success.
I encourage you to read this Prospectus in its entirety before making your investment decision.
Investors should note that the Company’s project is still in the exploration and evaluation phase. Accordingly, any
investment made in the Company should be considered highly speculative.
An investment in the Company is also subject to risks, including Company specific risks such as those associated with
mining and exploration, commodity price fluctuations and currency exchange. More detailed information about certain
risks is set out in Section 5 of this Prospectus. Before you make your investment decision, the Company recommends that
you also seek professional investment advice.
I look forward to you adding to your existing shareholding or joining us as a new Shareholder and sharing in what we believe
are exciting and prospective times ahead for the Company.
Chairman, Coda Minerals Limited