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sAReIc PReVIeW

Coda

eyes Arcoona

hotspot

t is shaping as a big 2020 for Coda Min- “We’ll maintain a very strong focus on other factors driving the current spate of
Ierals. these [Zambian-style copper] sediment- exploration activity in SA.
Despite the coronavirus knocking the hosted sulphides and the tenements along “Obviously it doesn’t hurt that there are
share market around, Coda is confident the Arcoona exploration corridor. We are world-class, Tier 1 deposits in the area. I
of becoming a publicly listed company by targeting 1.5mt of contained copper this think exploration was always going to be
mid-year, while also defining 1.5mt con- year. Work-wise, that is progressing very an area that was going to come back into
tained copper in South Australia within the well, we expect to be out in the field doing focus for people. Great copper deposits
next 10 months or so. seismic, which will support the next round are few and far between, they are harder
Already with a 240,000t copper equiva- of drilling.” to find, global grades are depleting and
lent resource at Mt Gunson, comprised of An exploration target of 43-72mt @ this is an area that is showing excellent
the Windabout and MG14 deposits, there 0.34-1.5% copper, 0.02-0.06% cobalt and world-class grades and sizes of deposits,”
will be a heavy focus expanding further 5-19 g/t silver has been set along a 3.3km Stevens said.
into the Arcoona exploration corridor this strike drilled. “South Australia is probably the best
year with substantial potential upside rec- A strike of 10km has been defined by place to be working in the world right now.
ognised at Emmie Bluff. pronounced MT anomalism, with 70% of You have got fantastic support from the
Coda chief executive Chris Stevens (pic- the Arcoona exploration corridor targeted Department of Energy and Mines and fan-
tured) heaped praise on the SA Govern- by Coda, which demerged from Gindal- tastic support from the Government. Every
ment for the work committed to providing bie Metals Ltd last year and has $7 million time tenure comes up there are a number
useful data to aid exploration in the State. cash, yet to be drilled. of parties going up for them. There is an
“We have been very fortunate with the “It is such a strong project, so the poten- enormous amount of competition for new
data that came out of the SA Govern- tial coming out of the Arcoona exploration tenure in the area and there is a lot of work
ment’s recent MT surveys and we have area alone is very interesting and we have going on in the area. BHP is very active in
been very fortunate with the excellent con- received very strong feedback from the the area, but also smaller players like DGO
sultants at Resource Potential’s interpreta- market,” Stevens said. Gold Ltd [Pernatty Lagoon, Stuart Shelf]
tion of that data, which has given us a solid Copper has faced pricing challenges are very active. At the end of the day it is
exploration area to work on in the Arcoona since the GFC, but Stevens said the uni- elephant country and there is a very sup-
exploration corridor area of tenements,” versal view was that the commodity was portive framework in place, and it is a very
Stevens told Paydirt. due to rise and there was no better place convenient place to be working with great
“We’re continuing to work through exist- to be for exploration than SA. infrastructure.”
ing geophysical data and we’ll collect more BHP Ltd and Oz Minerals Ltd continue – Mark Andrews
data as we explore for IOCGs in a fantastic to draw attention to the State’s mining sec-
part of the country to find those things. tor, however, Stevens believes there are

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