CODA MINERALS LTD — M&A Activity 2022

May 9, 2022

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ASX RELEASE 10 May 2022

ASX Code: COD

Takeover Bid for Torrens Mining Limited – Issue of Consideration Shares

Coda Minerals Ltd (ASX code: COD) ( Coda or the Company ) refers to its recommended off-market takeover offer to acquire all of the ordinary shares in Torrens Mining Limited (ASX code: TRN) ( Torrens ), as set out in the Company’s Bidder Statement dated 2 March 2022 ( Offer ).

Coda issued 24,182,344 fully paid ordinary shares on 6 May 2022 to those Torrens shareholders who accepted the Offer.

Coda has now been registered as the holder of 105,140,375 fully paid ordinary shares in Torrens, representing 91.66% of the Torrens’ shares on issue.

As noted in its announcement of 22 April 2022, Coda intends to acquire the remaining Torrens shares pursuant to the compulsory acquisition process under the Corporations Act 2001 (Cth).

In accordance with ASX Listing Rule 3.4.1, the Company’s updated distribution schedule and list of top 20 largest shareholders is attached to this announcement.

– – –

This announcement has been authorised for release by the Board of Coda Minerals Ltd.

Susan Park

Company Secretary

E: info@codaminerals.com

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6 Altona Street West Perth Western Australia, 6005

ABN 49 625 763 957

PAGE NUMBER : 1 REPORT DATE : 06/05/2022 REPORT TIME : 12.38.55

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CODA MINERALS LTD

INVESTOR RANGES FRIDAY 6 MAY 2022

Ranges Investors Securities

% Issued Capital

Security Group: FPO ORD SHARES

Totals for Security Group FPO

1 to 1000	1,643	800,353	.65
1001 to 5000	1,501	3,586,398	2.93
5001 to 10000	468	3,513,828	2.87
10001 to 100000	677	20,409,490	16.68
100001 and Over	128	94,021,959	76.86
Total	4,417	122,332,028	100.00

end of report

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PAGE NUMBER : 1 REPORT DATE : 09/05/2022 REPORT TIME : 10.42.15

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CODA MINERALS LTD

FIRST 20 INVESTORS REPORT

MONDAY 9 MAY 2022

			Current	% Issued
Rank		Investor	Balance	Capital
Sec. Group: FPO - ORD SHARES
1		ANGANG GROUP HONG KONG	11,899,834	9.73%
		(HOLDINGS) LIMITED
2	INVESTOR GROUP	CITICORP NOMINEES PTY LIMITED	8,432,433	6.89%
3	INVESTOR GROUP	MR KEITH FRANCIS JONES	7,110,801	5.81%
4	INVESTOR GROUP	HSBC CUSTODY NOMINEES	6,262,381	5.12%
5		UBS NOMINEES PTY LTD	4,584,409	3.75%
6	INVESTOR GROUP	SUNSET CAPITAL MANAGEMENT PTY LTD	4,321,245	3.53%
7		LUJETA PTY LTD	3,169,801	2.59%
8	INVESTOR GROUP	CS THIRD NOMINEES PTY LIMITED	3,095,754	2.53%
9		MR WILLIAM BLOKING	2,472,500	2.02%
10		MR PAUL LESLIE DUNCAN +	1,960,331	1.60%
		MRS DARANEE DUNCAN +
		MR PAUL KENNEDY DUNCAN
11		MS LINLIN LI	1,866,936	1.53%
12	INVESTOR GROUP	COSSACK HOLDINGS (AUS) PTY LTD	1,800,000	1.47%

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PAGE NUMBER : 2 REPORT DATE : 09/05/2022 REPORT TIME : 10.42.15

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CODA MINERALS LTD

FIRST 20 INVESTORS REPORT MONDAY 9 MAY 2022

			Current	% Issued
Rank		Investor	Balance	Capital
13		THECIA PTY LTD	1,748,000	1.43%
14		SHEDDEN ASSOCIATES PTY LTD	1,702,000	1.39%
15		LUJAMA PTY LTD	1,500,000	1.23%
16	INVESTOR GROUP	MR PAUL DUNCAN HALLAM	1,248,888	1.02%
17		NO BULL HEALTH PTY LTD	1,224,511	1.00%
18		ONE MANAGED INVESTMENT FUNDS	1,113,691	.91%
		LIMITED
19		GOLDNEY PTY LTD	1,066,667	.87%

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PAGE NUMBER : 3 REPORT DATE : 09/05/2022 REPORT TIME : 10.42.15

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CODA MINERALS LTD

FIRST 20 INVESTORS REPORT

MONDAY 9 MAY 2022

			Current		% Issued
Rank		Investor	Balance		Capital
20	INVESTOR GROUP	PATHWAYS CORP INVESTMENTS PTY LTD	1,000,000		.82%
				Investors
	TOTAL FOR	TOP 20:	67,580,182	55	55.24%
				Investors
	TOTAL IN THIS REPORT:		67,580,182	28	55.24%
	TOTAL OTHER INVESTORS:		54,751,846	4,391	44.76%
	GRAND TOTAL:		122,332,028	4,419	100.00%

end of report

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