Coda Minerals Updates Net Present Value, Internal Rate of Return at South Australia Project; Shares Rise 6%
MT Newswires Live
Feb 17
Coda Minerals (ASX:COD) said that, following material changes in the underlying pricing of copper and silver, it has increased the pre-tax net present value (NPV) of its Elizabeth Creek Copper-Silver project in South Australia to AU$3.32 billion from a pre-tax NPV of about AU$1.29 billion estimated in August 2025, according to a Tuesday filing with the Australian bourse.
The company also increased the internal rate of return at the project to 56% from 39%, the filing said.
Shares of the company rose past 6% in recent Tuesday trade.
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