CODA MINERALS LTD — Investor Presentation 2021

Aug 30, 2021

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1 Coda Minerals - Sustaining Tomorrow

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Disclaimer

Important Notices

Nature of this document: The purpose of this presentation is to provide general information about Coda Minerals Limited (ACN 625 763 957) (the ‘Company’). Unless otherwise stated herein, the information in this presentation is based on the Company’s own information and estimates as at the date of this presentation. In attending this presentation or viewing this document you agree to be bound by the following terms and conditions.

Not an offer or advertisement: This presentation is for information purposes and does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in the Company in any jurisdiction. This presentation and its contents must not be distributed, transmitted or viewed by an person in any jurisdiction where the distribution, transmission or viewing of this document would be unlawful under the securities or other laws of that or any jurisdiction. In particular, this presentation may not be distributed or released, directly or indirectly, in the United States. This presentation does not constitute an advertisement for an offer or proposed offer of shares. Neither this presentation nor anything contained in it forms the basis of any contract or commitment and it is not intended to induce or solicit any person to enter into, or refrain from entering into, any contract or commitment.

Not financial product advice: This presentation does not take into account the individual investment objectives, financial situation and particular needs of each of the Company’s shareholders or potential investors. You may wish to seek independent financial and taxation advice before making any decisions in respect to this presentation. Neither the Company nor any of its related bodies corporate is licensed to provide financial advice in respect of the Company’s securities or any other financial products.

Forward-looking statements: Certain statements in the presentation are or may be perceived as “forward looking statements” and represent the Company’s intentions, projections, expectations or beliefs concerning, among other things, future operating and exploration results or the Company’s future performance. You are cautioned not to place undue reliance on any forward looking statement. These forward looking statements are based on current expectations at the date of this publication. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks and uncertainties, and are necessarily based on assumptions, which may cause the Company’s actual performance and results in future periods to differ materially from any express or implied estimates or projections.

Disclaimer: No representation or warrant, express or implied, is made by the Company that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of the Company, its directors, officers, employees, advisers, agents and contractors expressly disclaims any responsibility for the accuracy, fairness, sufficiency or completeness of the material contained in this presentation, or any opinions or beliefs contained in this presentation, and excludes all liability whatsoever (including negligence) for any loss or damage which may be suffered by any persons as a consequence of any information in this presentation or any error or omission there from. The Company is under no obligation to update or keep current the information contained in this presentation or to correct any inaccuracy or omission which may become apparent, or to furnish any person with any further information. Any opinions expressed in the presentation are subject to change without notice.

Unverified information: This presentation may contain information (including information derived from publicly available sources) that has not been independently verified by the Company.

Photographs used on page 1 , 23 and 24 were provided by Adam Mørk Architectural Photography via http://adammork.dk/.

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Rare Investment O ortunit
pp y
CAMERON RIVER
One of the few junior copper explorers on the ASX ready to move to the next level
Existing Indicated Resources (MG14 & Windabout),
Strong
Materially Extensive Exploration Target (Emmie Bluff) ELIZABETH CREEK
Foundations
Verified IOCG Potential (Emmie Bluff Deeps)
ELIZABETH CREEK
Near Term Ambitious drill campaign to test Emmie Bluff Deeps
EMMIE BLUFF
Growth Mineral Resource estimate underway at Emmie Bluff DEEPS EMMIE BLUFF
IOCG PROSPECT
Elizabeth Creek [1] ; Olympic IOCG Copper Province
Tier 1 Locations
Cameron River [2] ; Mount Isa Inlier
WINDABOUT
250,000T CuEq
Demonstrated HANNIBAL
MG14 NORTH
Recent Drill Success Validates Exploration Strategy in ZAMBIAN STYLE
Discovery ZAMBIAN STYLE
Potential the Olympic IOCG Corridor MG14 ELAINE
IOCG
30,000T CuEq
PROSPECT
Discovering and proving up copper resources, an
Strategic Focus POWERLINE
essential metal for a low carbon future ZAMBIAN STYLE
Total Area: 701 km [2]
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1Coda has the right to earn up to 75% interest in the Elizabeth Creek assets. Current ownership 70% Coda (ASX:COD), 30% Torrens (ASX:TRN). See Appendix D for more details. Coda Minerals - Sustaining Tomorrow2Coda has the right to earn up to 80% interest in the Cameron River assets.

3

Cor orate Structure p

TOP 20 SHAREHOLDERS (as of 27[th] July 2021)

Rank Shareholder %IC	Rank Shareholder %IC
1 ANGANG GROUP HONG KONG (HOLDINGS) LIMITED 12.17
2 CITICORP NOMINEES PTY LTD 8.32
3 MR KEITH FRANCIS JONES & MRS JENNIFER JONES 7.27
4 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 6.49
5 CS THIRD NOMINEES PTY LIMITED 4.24
6 SUNSET CAPITAL MANAGEMENT PTY LTD 4.17
7 UBS NOMINEES PTY LTD 3.41
8 LUJETA PTY LTD 3.17
9 COSSACK HOLDINGS (AUS) PTY LTD 1.94
10 MS LINLIN LI 1.92
11 LUJAMA PTY LTD 1.53
12 MR PAUL DUNCAN HALLAM & MRS CHRISTINE JOY HALLAM 1.28
13 GOLDNEY PTY LTD 1.02
14 PATHWAYS CORP INVESTMENTS PTY LTD 1.02
15 BRISPOT NOMINEES PTY LTD 0.92
16 SKINNER & CHAMPION PTY LTD 0.77
17 ONE MANAGED INVESTMENT FUNDS LIMITED 0.72
18 LANTECH DEVELOPMENTS PTY LTD 0.68
19 J P MORGAN NOMINEES AUSTRALIA 0.65
20 MARVEL VENTURE LIMITED 0.65
Total 62.34%
4	Coda Minerals - Sustaining Tomorrow

CURRENT CAPITAL STRUCTURE & SHARE PRICE

ASX Code	COD
Share Price[27/08/2021]	$1.00
Ordinary Shares(including escrow)	97,767,184
Options on Issue(exercise price $0.2145)	6,000,000
Market Capitalisation	$98M
Top 20 Shareholders	62%
Cash and Equivalents[as of 30thJune 2021]	$21.8M

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Keith Jones Colin Moorhead Robin Marshall Paul Hallam Chris Stevens Susan Park Matt Weber NON-EXECUTIVE NON-EXECUTIVE NON-EXECUTIVE NON-EXECUTIVE CHIEF EXECUTIVE COMPANY SECRETARY MANAGER – GEOLOGY CHAIRMAN DIRECTOR DIRECTOR DIRECTOR OFFICER, DIRECTOR Chartered Accountant Highly experienced Experienced mining Accomplished resource Mineral economist, Ms Park has over 23 Exploration geologist and senior mining exploration and mine executive previously industry leader who has feasibility and project years’ experience in the and mineral economist industry leader with geologist, past president involved in managing been directly valuation specialist. corporate finance with over a decade’s over 40 years of of the AuSIMM, former the successful delivery responsible for the Previously, CEO of industry and extensive exploration experience corporate advisory member of JORC of some of the world’s delivery and operation Gindalbie Metals where experience in Company working with Rio Tinto experience including Committee. largest resource of 11 gold, base metals, he led the acquisition Secretarial and Nonand multiple exploration former Chairman of projects, including and iron ore projects and demerger in 2019. Executive Director roles companies across Deloitte Australia and Held senior roles Chairman of the over 40 years. Former Director of with ASX, AIM and TSX Western Australia former Chairman of including CEO PT Gruyere Steering Mining Operations listed companies. focussing on gold, iron Cannings Purple. Merdeka Copper Gold Committee, major iron Former executive at Consulting at PwC, held ore and base metals. Tbk, EGM Minerals at ore projects for BHP FMG, Newcrest and senior commercial and She is currently Currently Non-Executive Newcrest Mining Ltd, Billiton Iron Ore and current NED of Sandfire consulting roles across Company Secretary of Director of Ora Banda Australia and Geology North Limited. Resources. mining and oil and gas. several ASX listed Mining. Manager at Gosowong companies. Gold.

List of Board and Management personnel above excludes Ansteel Board nominee. More information regarding these directors can be found in Appendix B.

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Coda Minerals - Sustaining Tomorrow

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EMMIE BLUFF DEEPS

Proximal historical IOCG mineralisation intersected. Aggressive multi-rig program to test IOCG mineralisation.

EMMIE BLUFF

Resource estimation currently underway, Inferred Resource estimated Q4 2021.

WINDABOUT – JORC 2012 INDICATED

2012 JORC Compliant Mineral Resource 17.67 MT @ 0.77% Cu, 0.05% Co, 8 g/t Ag, 249,000 T Contained Cu Eq.

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ELIZABETH CREEK
Total Area: 701 km [2]
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HANNIBAL

Targeting large-scale Zambian deposit.

ELAINE

IOCG prospect backed by geophysics and recent success at Emmie Bluff Deeps.

MG14 NORTH

Near-term (Q3 2021) potential to expand existing MG14 Indicated Resource.

MG14 - JORC 2012 INDICATED

POWERLINE

2012 JORC Compliant Mineral Resource 1.83 MT @ 1.24%Cu, 0.03% Co, 14 g/t Ag, 31,000 T Contained Cu Eq.

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IOCG TARGETS
ZAMBIAN STYLE TARGETS
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Shallow Zambian style target, to be drilled in Q3 2021.

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Elizabeth Creek - IOCG

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7 Coda Minerals - Sustaining Tomorrow

Drillin IOCG Tar ets in Ele hant Countr g g p y

EMMIE BLUFF DEEPS

Recently drilled extensive IOCG alteration encountered. Target defined by a series of coincident and semi-coincident gravity and magnetic anomalies.

ELAINE

Coinciding geophysical anomalism, comparable to other large IOCG systems in the Eastern Grawler Craton.

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Olympic Dam
Oak Dam West
114km NNW
16km NE
Emmie Bluff
Emmie Bluff Deeps
Chianti North
Carrapateena
40km E
Elizabeth North
Chianti
Hannibal
Windabout NE
Windabout
Elaine Zone
MG14 North
MG14
Powerline
SA Government IOCG Prospectivity
Modelling: Eastern Gawler Craton
Zambian Style Sediment
IOCG Target
Hosted Resource/Prospect
Existing Resources
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Follow-u Drillin Validates IOCG Mineralisation p g

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DD21EB0018W1 DD21EB0018 DD21EB0018W2
DD21EBD0001 SAE 4
MGD 55
SAE 3
DD21EBD0003
DD21EBD0002
Massive
Haematite over metasediment Ongoing holesCompleted holes
s Granite
Metasediments,
incl.
mineralisation
DD21EB0018W1 Granite HIGH GRAVITY, LOW MAGNETIC
DD21EB0018W2 Demagnetisation likely associated with multiple
DD21EB0018 generations of fluid flow events suggesting a
0m 250m potentially extensive hydrothermal system
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WEDGE 1 (WEST): 17m, at 1.18% Cu, 0.31g/t Au

WEDGE 2 (EAST): 24m at 2.17% Cu, 0.29g/t Au, 12.9m at 3.46% Cu , 0.64g/t Au

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Evidence strongly suggests 9 Coda Minerals - Sustaining Tomorrow increasing alteration intensity to the east , most likely indicating proximity to the mineralising structure.

Exploration Model at Emmie Bluff Deeps

• A

• • Additional drilling will focus on Ongoing hole red outlined Area of Interest DD21EBD0002 where a major structure has been interpreted.

• • Potential for major vertical and horizontal expansion associated with potential fault breccias.

• • Drill testing has commenced to the East (DD21EBD0002) and to the South (DD21EBD0003). Area of Interest

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A’
Wedge 1 – DD21EB0018
17.1m @ 1.2% Cu, 0.3 g/t Au from 824m
A
Wedge 2 – DD21EB0018 A [’]
24.0m at 2.2% Cu, 0.3 g/t Au from 815m
12.9m @ 3.5% Cu, 0.6 g/t Au from 902m
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Logged as massive to partial haematite replacement. Review by Coda geologists of available material suggests less intense haematite replacement in “cap” as compared to recent drilling.

Alteration intensity and visible sulphide abundance appears lower in historical core photographs of MGD 55 than has been encountered in DD21EB0018

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Coda Minerals - Sustaining Tomorrow

Elizabeth Creek - Zambian Style Copper Cobalt

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WINDABOUT

17.67 MT @ 0.77% Cu, 492 ppm Co, 8 g/t Ag*

Advanced geotechnical and metallurgical understanding,

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N
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MG14

1.83 MT @ 1.24% Cu, 334 ppm Co, 14 g/t Ag*

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WINDABOUT
MG14
IOCG TARGETS
ZAMBIAN STYLE TARGETS
12
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N
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*(0.5% CuEq Cutoff)

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EMMIE BLUFF
IOCG Area of Interest
Emmie Bluff Deeps
IOCG TARGETS
ZAMBIAN STYLE TARGETS
1The Company notes that the potential quantity and grade of the Exploration Target is conceptual
in nature, and that there has been insufficient exploration to estimate a Mineral Resource. It is
uncertain whether further exploration will result in the estimation of a Mineral Resource.
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Emmie Bluff Resource Estimation

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EMMIE BLUFF DEEPS
LOOKING NORTHWEST
IOCG Area of Interest
Emmie Bluff Deeps
DD21EB0002A
Upper Lode: 3.12m from 393.66 @ 2.1% CuEq DD21EB0012
SAE 20
Upper Lode: 2.24m from 497.11m @ 3.19% CuEq
Merged Lode: 3.3m from 403.35m @ 5.63% CuEq DD21EB0013
SAE 6 Upper Lode: 3m from 400.47m @ 4.71% CuEq
250 500 750 1,000
Upper Lode: 6m from 386m @ 1.49% Cu
LATERAL EXTENT CONFIRMED
Exploration Target’s scale (>4.5km [2] of lateral extent) has been
supported by seismic and drilling (30 Holes to date in 2020/21).
JORC 2012 COMPLIANT RESOURCE ESTIMATION IMMINENT
Final phase of drilling prior to Mineral Resource estimation ongoing,
Resource Estimate expected Q4 2021.
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13 Coda Minerals - Sustaining Tomorrow
Assay results presented are for illustrative purposes, please refer to release: 26 April 2021 for full details
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On oin Re ional Ex loration g g g p

Opportunities for new deposits, resource expansion

IOCG

EMMIE BLUFF DEEPS Ongoing drilling following up recent major success. ELAINE

Highly prospective near term IOCG target

SEDIMENT HOSTED CU

HANNIBAL

Potential Emmie Bluff repeat on opposite side of Pernatty Upwarp. 6 hole initial RC programme in previously untouched area.

POWERLINE

Historical evidence of mineralisation and shale body geometry. Up to 12 RC holes planned <10km southwest of MG14.

MG14 NORTH

Opportunities for expansion to the north and west. Up to 22 low-cost, shallow RC holes for significant potential uplift.

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Elaine
IOCG Prospect
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Planned Drilling at Elizabeth Creek in the coming months. Green dots represent planned holes. Coloured dots represent mineralised holes as per the legend in the previous slidce. The MG14 Indicated Mineral Resource (0.5% CuEq cut off) is outlined as the black dashed line in the lower right.

Coda Minerals - Sustaining Tomorrow

14

	Ambitious Work Program	Ambitious Work Program	Ambitious Work Program
	Coda will focus on delivery of a Mineral Resource at Emmie Bluff			while progressing emergent IOCG and other
	exploration opportunities at Elizabeth Creek and Cameron River.
		Q2 2021	Q3 2021			Q4 2021
		Emmie Bluff Inferred Drill Programme			Emmie Bluff VTEM Acquisition & Interp
	EMMIE BLUFF		Resource Development		& Estimation	Inferred Resource
						Anticipated Release
	IOCG		Emmie Bluff Deeps IOCG Drilling
						Elaine IOCG Drilling1
	REGIONAL			Regional Exploration Drilling
	EXPLORATION				Regional Exploration Assay Final
	CAMERON		Geochemical Exploration Program
	RIVER				Soil Sample Assay Results
	15	Coda Minerals - Sustaining Tomorrow		*Timeline is indicative only 1Subject to board and JV approvals

ESG Com liance and the Green Econom p y

Emmie Bluff presents opportunities for value creation in a greening and increasingly ethically focused world.

COPPER AND COBALT

Coda’s focus is on key commodities driving the green revolution, with extraordinary anticipated demand growth.

SUPPLY CHAIN PREMIUMS

Conflict-free, ethical supplies of cobalt are rare and sought after by manufacturers, likely to attract a premium.

ENVIRONMENTAL COMMITMENT

Coda is committed to environmentally responsible operations and is actively researching low impact lixiviants for application at Elizabeth Creek.

STRONG RELATIONSHIP WITH TRADITIONAL OWNERS

Coda has a strong, productive and respectful relationship with the Traditional Owners of the land on which it works.

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16 Coda Minerals - Sustaining Tomorrow

WHY INVEST IN CODA?

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Cameron River

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Queensland – Cameron River Project

Coda is earning up to 80% ownership of the Cameron River Copper-Gold Project through low-risk, staged expenditure.

COMPLEMENTS FLAGSHIP ELIZABETH CREEK PROJECT

• Provides Coda with additional exposure to buoyant copper market through highly prospective copper-gold exploration assets.

• Numerous anomalous rock chips, up to 22% Cu and 6.58 g/t Au respectively.

LOW RISK STAGED FARM IN

• Stage 1: $1 million exploration expenditure within 2 years to earn a 51% interest.

• Stage 2: Additional $1 million expenditure within 1 year of earning the Stage 1 interest, to earn an additional 29% interest

OPPORTUNITIES FOR RAPID START UP

• Existing native title agreement and walk-up geochemical targets.

• Coda’s strong cash balance will allow the Company to deliver on both its current and future commitments.

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Appendices

Copper & Future Minerals

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Co er Fundamentals pp

Copper holds a crucial role in the development of the modern world. Applications for copper are set to heighten in unison with the world’s growing energy needs and transition towards a greener future.

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LME Copper Prices (USD$/tonne
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SUPPLY The copper supply is dwindling as grades decline, input costs increases, and market faces a scarcity of high-quality projects .

DEMAND

Demand remains strong as pressure to cut greenhouse gases and drive efficiency is contributing to the rising tide of electrification.

$16,000 $14,000 $12,000 Current Cu Price*: $9,446 $10,000

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$15,000
$14,000
$11,875 [$12,000]
$9,675 $9,508 $9,603 $9,646 [$9,831]
$9,188
$7,880
$7,529
$7,206 $7,297
$7,042
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Goldman Sachs Forecast Price
EMCF High Forecast Price
$14,000
EMCF Mean Forecast Price
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$8,000
$6,000
$4,000
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A endix A: Statements pp

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Mineral Resources & Competent Person Statement

Mineral Resources and Exploration Targets

1. MG14 Indicated Mineral Resource: The information is extracted from the report entitled "Mt Gunson Copper-Cobalt Project Update" created on 19 January 2018 and is available to view on https://www.asx.com.au/asxpdf/20180119/pdf/43qxphjd18l2x0.pdf. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

2. Windabout Indicated Mineral Resource: The information is extracted from the report entitled "Mt Gunson Copper-Cobalt Project Update" created on 19 January 2018 and is available to view on https://www.asx.com.au/asxpdf/20180119/pdf/43qxphjd18l2x0.pdf. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

3. Emmie Bluff Exploartion Target: The information is extracted from the report entitled "Initial Exploration Target at Emmie Bluff" created on 19 June 2019 and is available to view on

• https://www.asx.com.au/asxpdf/20190619/pdf/445yk7d7vkq685.pdf . The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

Competent Person Statement for JORC 2012 Mineral Resources

This report was prepared in accordance with the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (“JORC Code”) by Tim Callaghan, who is a Member of the Australian Institute of Mining and Metallurgy (“AusIMM”), has a minimum of five years’ experience in the estimation and assessment and evaluation of Mineral Resources of this style and is the competent Person as defined in the JORC Code. This announcement accurately summarises and fairly reports his estimations and he has consented to the resource report in the form and context it appears.

The MG14 and Windabout Mineral Resource at the Mount Gunson Copper-Cobalt Project has been estimated by Mr Tim Callaghan, an external consultant, and is reported under the 2012 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves (see Gindalbie Metals ASX announcement 19 January 2018 titled: Mt Gunson Copper-Cobalt Project Update).

Competent Person Statement for JORC 2012 Exploration Target

Information relating to the Exploration Target and Exploration Results for Emmie Bluff is based on, and fairly represents, information and supporting documentation compiled by Craig Went, a Senior Associate Geologist of Mining & Process Solutions Pty. Ltd. Mr Went is a Member of the Australasian Institute of Mining and Metallurgy (“AusIMM”), and has a minimum of five years’ experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (”JORC Code”). Mr Went consents to the inclusion of the matters based in this ASX Release on his information in the form and context in which it appears.

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A endix B: Board and Mana ement Extended Bio pp g

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Keith Jones BBus, FCA, FAICD, FFin

Non-Executive Chairman

Mr Jones is an experienced public company Chairman with a background of over 40 years professional experience providing advisory and consulting services to the mining and resources sector. Mr Jones served for 10 years on the Board of Deloitte Australia and was elected Chairman of Deloitte Australia for four years. He is the former Chairman of Gindalbie Metals Limited and Cannings Purple and currently serves as a NonExecutive Director of ASX listed Ora Banda Mining Limited. Mr Jones has significant executive leadership experience serving for 15 years as the Managing Partner of Deloitte in Western Australia and as Leader of the National Chinese Services Group and National Energy and Resources Group. As a Partner of Deloitte, Mr Jones provided Audit, Corporate Finance and Advisory Services to a wide range of corporate clients with a focus on the resources sector. He has also advised on numerous transactions, capital raisings, valuations and takeovers as advisor or expert.

Robin Marshall I.Eng (UK), MAICD

Non-Executive Director

Mr Marshall has previously been involved in managing the successful delivery of some of the world’s largest resource projects, including major iron ore projects for BHP Billiton and North Limited. At Vale Inco, he held the position of Project Director with responsibility for delivery of the multi-billion dollar Goro Nickel Project in New Caledonia through to its commissioning in early 2009. At BHP Billiton Iron Ore, Mr Marshall held the position of Vice President – Asset Development Projects with responsibility for the development of a number of projects in the first wave of expansion in the iron ore business sector. In additional to these roles, Mr Marshall also previously held key positions of Project Manager for the West Angelas Iron Ore Project with North Limited, Project Director with Iron Ore Company of Canada, Manager Projects for Forrestania Gold/LionOre Australia, Manager Engineering & Project Services for Western Mining Corporation and Project Manager for Nedpac (Signet Engineering).

Paul Hallam BE(Hons)Mining, FAICD, FAU SIMM

Non-Executive Director

Mr Hallam has more than 40 years Australian and international resource industry experience. His operating and corporate experience is across a range of commodities (iron ore, bauxite, alumina, aluminium, gold, silver, copper, zinc and lead) and includes both surface and underground mining. Mr Hallam retired in 2011 to pursue a career as a professional non-executive director. He has held Australian and international non-executive director roles since 1997. His former executive roles include Director – Operations with Fortescue Metals Group, Executive General Manager – Developments & Projects with Newcrest Mining Limited, Director – Victorian Operations with Alcoa and Executive General Manager – Base and Precious Metals with North Ltd. Mr Hallam is a qualified mining engineer and holds a BE (Hons) from Melbourne University and a Certificate of Mineral Economics from Curtin University. He is a Fellow of the Australian Institute of Company Directors and the Australasian Institute of Mining & Metallurgy.

Colin Moorhead BSc(Hons) FAusIMM (CP) GAICD

Non-Executive Director

Mr Moorhead is an experienced mining professional. He is well recognised in the mining industry, including building safe, successful and highly regarded technical teams; ability to develop and deliver strategy, culture and governance; a thorough understanding of the technical, legal and commercial aspects of the mining business with an exposure to many different cultures and operating environments. Also recognised as a leader in the areas of health, safety, environment and community. Prior to joining Coda Minerals, he served as CEO PT Merdeka Copper Gold Tbk (2016-2018), EGM Minerals, Newcrest Mining Ltd, Australia (2008- 2015), GM Resources & Reserves of the same company (2006- 2008), Geology Manager, PT Nusa Halmahera Minerals, Gosowong Gold Mine, Indonesia (2003-2006), Technical Services Manager, Cadia Holdings Ltd, NSW, Australia (1997-2003), and various other positions in the mining industry in a career spanning 33 years since 1987. Mr. Moorhead a former member of The JORC Committee and also served as President of the Australasian Institute of Mining and Metallurgy (AusIMM) for 2017-2018.

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A endix B: Board and Mana ement Extended Bio pp g

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Chris Stevens BA (Hons), MA (Oxon), MSc, GAICD

Chief Executive Officer, Director

Mr Stevens is an experienced resources executive and mineral economist who, prior to joining Coda Minerals, held the role of CEO at Gindalbie Metals and was instrumental in the negotiation and implementation of the successful demerger of Coda Minerals from Gindalbie and the acquisition of Gindalbie by Ansteel. Prior to joining Gindalbie, Mr Stevens was the Western Australian Mining Consulting Lead at PricewaterhouseCoopers (PwC), where he managed professional teams to devise strategy, evaluate investment options and assist in delivery of major transactions for various ASX listed mining and energy companies. Mr Stevens has held senior roles in the mining industry including General Manager- Commercial at Asia Iron and Commercial Manager at Gindalbie Metals.

In addition to his executive resources experience, Mr Stevens has over 18 years’ experience working with Chinese companies in commercial consulting and private equity. Mr Stevens holds an Honours degree from the University of Oxford, a Master of Science in Mineral Economics from Curtin University, and is a fluent Chinese and Spanish speaker.

Zhu Changjiang Bachelor of Mining Mechanical Engineering

Non-Executive Director

Mr Zhu is an experienced mining engineer. Mr Zhu has been with Ansteel since 1987 and is now the CEO of Karara Mining Limited (a wholly owned subsidiary of Ansteel).

He joined the Board of Coda as a Nominee of Ansteel Mining on 22 May 2020.

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Susan Park BCom, ACA, F Fin, FGIA, FCIS, GAICD

Company Secretary

Ms Park has over 23 years’ experience in the corporate finance industry and extensive experience in Company Secretarial and Non-Executive Director roles with ASX, AIM and TSX listed companies. Ms Park holds a Bachelor of Commerce, is a Member of the Australian Institute of Chartered Accountants, a Fellow of the Financial Services Institute of Australasia, a Graduate Member of the Australian Institute of Company Directors and a Graduate Member of the Governance Institute of Australia. She is currently Company Secretary of several ASX listed companies.

Matt Weber BSc, BSc, MSc

Manager – Economics & Geology

Mr Weber is an exploration geologist with approximately ten years’ experience in the WA mining and exploration sector. Prior to his time at Gindalbie, Mr Weber held a role in the resources policy division at the WA Department of Mines, Industry Regulation and Safety. Mr Weber has previously held exploration geology roles across a number of small exploration companies, focussing on gold, iron ore and base metals, and spent time as a member of the exploration team for Rio Tinto in their Pilbara iron operations. Mr Weber holds bachelor’s degrees in Applied Geology and Environmental Biology, and a Master of Science in Mineral Economics from Curtin University.

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A endix C: Resources Technical Summar pp y

Simmens Quartzite Blocky meta-sandstone, cream coloured.

Target Mineralogy

Corraberra Sandstone Red-brown silty sandstones and flaggy, micaceous siltstones.

• The project’s existing resources and its drill-ready Exploration Target at Emmie Bluff all exhibit a consistent mineralisation style (Zambian-style shale-hosted Cu-Co-Ag) and demonstrate mutual processing compatibility.

Tregolana Shale Reddish-brown laminated shale and siltstone, minor ripple cross-laminated sandstone; flute casts.

• Primary ore minerals are chalcopyrite and bornite for copper, carrolite for cobalt.

Whyalla Sandstone Fine- to coarse-grained sandstone, minor siltstone and conglomerate, including well developed angular basal conglomerate.

• Sulphides are primarily fine grained and disseminated, but also concentrate as blebs and veins along fracture surfaces.

EXISTING MINERAL RESOURCES (JORC 2012 Indicated) 0.5% CuEq. cut-off	EXISTING MINERAL RESOURCES (JORC 2012 Indicated) 0.5% CuEq. cut-off	EXISTING MINERAL RESOURCES (JORC 2012 Indicated) 0.5% CuEq. cut-off	EXISTING MINERAL RESOURCES (JORC 2012 Indicated) 0.5% CuEq. cut-off	EXISTING MINERAL RESOURCES (JORC 2012 Indicated) 0.5% CuEq. cut-off
Category Mt Cu% Co% Ag g/t CuEq%
Windabout 1,2 Indicated 17.67 0.77 0.05 8 1.41
MG141,2 Indicated 1.83 1.24 0.03 14 1.67
Total2 19.5 0.8 0.05 8. 6 1.14
Tonnes Tonnes MOz Tonnes
Contained Metal3 159,000 9,400 5.4 280,000
EMMIE BLUFF EXPLORATION TARGET2,3,4
Tonnage Range (Mt) Cu Range (%) Co Range (%) Ag Range (g/t) Cu Eq. Range4 (%)
46 - 77	0.34 - 1.5	0.02 - 0.10	5 - 19	0.5 - 2.3

Tapley Hill Formation (Mineralisation Host Rock)

Shale, grey to black, dolomitic and pyritic grading upwards to calcareous, thinly laminated, locally cross-bedded. Irregular minor conglomerate. Upper and lower contacts mineralised with Cu sulphides (Chalcopyrite and bornite dominant).

Pandurra Unconformity

Pandurra Formation Unmetamorphosed, dominantly fluvial redbed sediments: medium- to coarse-grained, poorly sorted, subangular quartz and lithic sandstone; minor conglomerate, mudstone, siltstone. Large-scale crossbedding; liesegang banding.

1 See Gindalbie Metals ASX announcement on 19 January 2018 for Competent Person’s statement and full details

2 Numbers have been rounded

• 3 Refer to Gindalbie ASX Announcement, Initial Exploration Target Delivered at Emmie Bluff Cu-Co Prospect, Mt Gunson, South Australia (19 June 2019)

4 The Company notes that the potential quantity and grade of the Exploration Target is conceptual in nature, and that there has been insufficient exploration to estimate a Mineral Resource. It is uncertain whether further exploration will result in the estimation of a Mineral Resource.

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A endix D: Farm in and Joint Venture pp

Coda has the right to earn up to 75% interest in the Elizabeth Creek Copper Project under a Farm-in Agreement with Terrace Mining, a wholly owned subsidiary of Torrens Mining (ASX:TRN). Current Ownership Coda 70%, Terrace 30%.

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Joint Venture Reached
Earned Apr 2021. JV partner
subject to cash calls or dilution
Spend to Date: $8.62M
Free Carry
Cum. Spend: $8.62M
Stage 3
70% ownership earned Jan 2021. Cum. Spend: $6.62M
Stage 2age 2
51% ownership earned Jan 2020. Cum. Spend: $3.87M Option
Stage 1
75% ownership, exercise option, 5% for $1.5M
25% ownership earned Aug 2018. Cum. Spend: $1.37M
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Material Progress

$8.62 million spent to date to materially progress Elizabeth Creek and set up for future success.

Productive Partnership

Coda enjoys a productive relationship with its Farm-in/JV partner Terrace Mining and anticipates continuing cooperation in the JV period (Commenced Q2 2021).

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Jason Peterson CPS Capital Lvl45, 108 St George’s Terrace Perth WA 6000

08 9223 2222 coda@cpscapital.com.au

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6 Altona Street West Perth WA 6005

08 6270 6331 info@codaminerals.com

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