CODA MINERALS LTD — Major Shareholding Notification 2021

Aug 11, 2021

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To: Company Name/Scheme ACN.	Coda Minerals Ltd (the Company) 625 763 957
1. Details of substantial holder (1)
Name	Sprott Inc. (Sprott) and each of its controlled bodies corporate listed in Annexure A (the Sprott Group Entitles)
ACN/ARSN (if applicable)	ΝA

The holder became a substantial holder on 25 June 2021

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

. ______ secuntie: 'Ince . ومتحالب ______	_________ , securities Number of	---------- . The second contract and a second contract of the second contract of the second contract of the second contract of the second contract of the second contract of the second contract of the second contract of the second contr ىمد votes - 11 erson" 174 --------------------------------------	---- $\overline{\phantom{a}}$ DOWET (6) Vound The company's company's state.
shares ana υα https://www.archive.com/archive.com/archive.com/archive.com/ _____	$0.20^{-7}$ .100 _________ The contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract	:100 20ء، ----------- $ -$ . _____	5.33% ---------------------------

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Sprott, Sprott Asset Management USA Inc. (SAM USA) and each other Sprott Group Entity	SAM USA is a fund and investment manager with the power to exercise control over voting and disposal of the shares, which were acquired pursuant to various on market trades as set out in Annexure B, and therefore has a relevant interest in those shares under sections 608(1)(b) and (c) of the Corporations Act 2001 (Cth) (Corporations Act). Sprott has the same relevant interests as SAM USA under section 608(3)(b) of the Corporations Act by virtue of SAM USA being controlled by Sprott. Each of the Sprott Group Entities has the same relevant interests as SAM USA under section 608(3)(a) of the Corporations Act by virtue of them each being controlled bodies comorate of Sprott and each Sprott Group Entity therefore having voting power of more than 20% in SAM USA.	5,207,100 fully paid ordinary shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest		Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
	Sprott, SAM USA and each other Sprott	Various holders	SAM USA	5,207,100 fully paid ordinary
Group Enlity				shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of
		Cash	Non-cash	securities
Sprott, SAM USA and each other Sprott	See Annexure B	See Annexure		5,207,100 fully paid ordinary
Group Entity		в D		shares

603 GUIDE page 2/1 13 March 2000

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Sorott and each of the Sprott Group Entities (including	Each Sprott Group Entity listed in Annexure A are controlled bodies corporate of Sprott and
SAM USA)	therefore are associates under section 12(2)(a) of the Corporations Act.

7. Addresses

The addresses of the persons named in this form are as follows:

Name	--------------- Address -------------------
Sprott and each Sprott Group Entity (including SAM	Refer to Annexure A.
USA)	.

Signature

print name capacity sign here Thomas W. Ulrich Anthonized Signatory

Annexure A

This is annexure A of 1 page (including this page) referred to in Form 603 "Notice of initial substantial holder".

Chomas X . Ulrich

Name: Thomas W. Ulrich

Date: Angust 9 2021

Details of Sprott Inc. and its controlled bodies corporate

Name	Address of Registered Office	Postal Address
Sprott Inc.	200 Bay Street, Royal Bank Plaza, South Tower, Suite	200 Bay Street, Royal Bank Plaza, South Tower, Suite
	2600, Toronto, Ontario, M5J 2J1	2600, Toronto, Ontario, M5J 2J1
Exploration Capital Partners 2005 LP	1910 Palomar Point Way, Suite 200, Carlsbad,	1910 Palomar Point Way, Suite 200, Carlsbad,
	California 92008	California 92008
Exploration Capital Partners 2008 LP	1910 Patomar Point Way, Suite 200, Carlsbad,	1910 Palomar Point Way, Suite 200, Carlsbad,
	California 92008	California 92008
Exploration Capital Partners 2009 LP	1910 Palomar Point Way, Suite 200, Carlsbad,	1910 Palomar Point Way, Suite 200, Carlsbad,
	California 92008	California 92008
Exploration Capital Partners 2012 LP	1910 Palomar Point Way, Suite 200, Carlsbad,	1910 Palomar Point Way, Suite 200, Carlsbad,
	California 92008	California 92008
Exploration Capital Partners 2014 LP	1910 Palomar Point Way, Suite 200, Carlsbad,	1910 Palomar Point Way, Suite 200, Carlsbad,
	California 92008	California 92008
Natural Resource Income Investing LP	1910 Palomar Point Way, Suite 200, Carlsbad,	1910 Palomar Point Way, Suite 200, Carlsbad,
	California 92008	California 92008
Resource Capital Investment Corp.	1910 Palomar Point Way, Suite 200, Carlsbad,	1910 Palomar Point Way, Suite 200, Carlsbad,
	California 92008	California 92008
Resource Income Partners LP	1910 Palomar Point Way, Suite 200, Carlsbad,	1910 Palomar Point Way, Suite 200, Carlsbad,
	California 92008	California 92008
Sprott Asset Management LP	Royal Bank Plaza, South Tower	Royal Bank Plaza, South Tower
	200 Bay Street, Suite 2600	200 Bay Street, Suite 2600
	Toronto, Ontario M5J 2J1	Toronto, Ontario M5J 2J1
Sprott Asset Management USA Inc.	1910 Palomar Point Way, Suite 200, Carlsbad,	1910 Palomar Point Way, Suite 200, Carlsbad,
	California 92008	California 92008
Sprott Capital Partners	200 Bay Street, Royal Bank Plaza, South Tower, Suite	200 Bay Street, Royal Bank Plaza, South Tower, Suite
	2700, Toronto, Ontario, M5J 2J1	2700, Toronto, Ontario, M5J 2J1
Sprott GenPar Ltd.	Royal Bank Plaza, South Tower	Royal Bank Plaza, South Tower
	200 Bay Street, Suite 2600	200 Bay Street, Suite 2600
	Toronto, Ontario M5J 2J1	Toronto, Ontario M5J 2J1
Sprott Global Resource Investments Ltd.	1910 Palomar Point Way, Suite 200, Carlsbad,	1910 Palomar Point Way, Suite 200, Carlsbad, California 92008
	California 92008
Sprott Private Resource Lending (M), LP	2711 Centerville Road, Suite 400, Wilmington, Delaware	2711 Centerville Road, Suite 400, Wilmington, Delaware
	19808	19808
Sprott Private Resource Lending (C-Co-Invest), LP	Royal Bank Plaza, South Tower	Royal Bank Plaza, South Tower
	200 Bay Street, Suite 2600	200 Bay Street, Suite 2600
	Toronto, Ontario M5J 2J1	Toronto, Ontario M5J 2J1
Sprott Private Resource Lending (M-Co-Invest), LP	2711 Centerville Road, Suite 400, Wilmington, Delaware	2711 Centerville Road, Suite 400, Wilmington, Delaware
	19808	19808 200 Bay Street, Royal Bank Plaza, South Tower, Suite
Sprott Private Resources Lending II (Collector) LP	200 Bay Street, Royal Bank Plaza, South Tower, Suite 2600, Toronto, Ontario, M5J 2J1	2600, Toronto, Ontario, M5J 2J1
Sprott Private Wealth LP	200 Bay Street, Royal Bank Plaza, South Tower, Suite	200 Bay Street, Royal Bank Plaza, South Tower, Suite
	2600, Toronto, Ontario, M5J 2J1	2600, Toronto, Ontario, M5J 2J1
	Royal Bank Plaza, South Tower	Royal Bank Plaza, South Tower
Sprott Resource Lending Corp.	200 Bay Street, Suite 2600	200 Bay Street, Suite 2600
	Toronto, Ontario M5J 2J1	Toronto, Ontario M5J 2J1
Sprott Rights & PIPEs Opportunity I LP	1910 Palomar Point Way, Suite 200, Carlsbad,	1910 Palomar Point Way, Suite 200, Carlsbad,
	California 92008	California 92008
	1910 Palomar Point Way, Suite 200, Carisbad,	1910 Palomar Point Way, Suite 200, Carlsbad,
Sprott Rights & PIPEs Opportunity VII LP	California 92008	California 92008
Sprott U.S. Holdings Inc.	1910 Palomar Point Way, Suite 200, Carlsbad,	1910 Palomar Point Way, Suite 200, Carlsbad,
	California 92008	California 92008

Annexure B

This is annexure B of 3 pages (including this page) referred to in Form 603 "Notice of initial substantial holder".

Thomas V. Moriton

8,500 8,500 1.11 On market buy SAM USA 5,000 5,000 1.145 On market buy SAM USA 15,000 1.264733333 15,000 On market buy SAM USA 6,300 0.95 6,300 On market buy SAM USA 10/06/2021 145,000 145,000 0.95 On market buy SAM USA 12,000 12,000 0.95 On market buy SAM USA 10/06/2021 240,000 240,000 0.95 On market buy SAM USA 8,000 0.95 8,000 On market buy SAM USA 10/06/2021 6,800 6,800 0.95 On market buy SAM USA 10/06/2021 90,000 0.95 90,000 On market buy SAM USA 10/06/2021 5,700 0.95 5,700 On market buy SAM USA 10/06/2021 1,600 1,600 On market buy 0.95 SAM USA 10/06/2021 4,500 4,500 0.95 On market buy SAM USA 10/06/2021 3,300 3,300 0.95 On market buy SAM USA 10/06/2021 42,000 42,000 0.95 On market buy SAM USA 10/06/2021 3,500 3,500 0.95 On market buy SAM USA 10/06/2021 5,600 5,600 0.95 On market buy SAM USA 10/06/2021 2,300 0.95 2,300 On market buy SAM USA 10/06/2021 5,000 5,000 0.95 On market buy SAM USA 10/06/2021 250 250 0.95 SAM USA On market buy 10/06/2021 40,000 40,000 0.95 On market buy SAM USA 10/06/2021 12,600 0.95 12,600 On market buy SAM USA 10/06/2021 50,000 50,000 0.95 On market buy SAM USA 10/06/2021 9,000 9,000 0.95 On market buy SAM USA 10/06/2021 2,800 2,800 0.95 On market buy SAM USA 10/06/2021 4,800 4,800 0.95 On market buy 10/06/2021 SAM USA 7,800 0.95 7,800 SAM USA On market buy 10/06/2021 4,400 4,400 0.95 SAM USA On market buy 10/06/2021 3,100 3,100 0.95 On market buy SAM USA 10/06/2021 4,200 4.200 0.95 SAM USA On market buy 10/06/2021 9,000 9,000 0.95 On market buy SAM USA 10/06/2021 5,400 5,400 0.95 On market buy SAM USA 10/06/2021 18,000 18,000 On market buy 0.95 SAM USA 10/06/2021 3,200 3,200 0.95 On market buy SAM USA 10/06/2021 3,000 3,000 0.95 On market buy SAM USA 10/06/2021 4,200 4,200 0.95 On market buy SAM USA 10/06/2021 8,700 8,700 0.95 On market buy SAM USA 10/06/2021 9,600 9,600 0.95 On market buy SAM USA 10/06/2021 6,000 6,000 0.95 On market buy 10/06/2021 SAM USA 5,700 5,700 0.95 On market buy SAM USA 10/06/2021 4,800 4,800 0.95 On market buy SAM USA 10/06/2021	Date of Change	Holder of relevant interest	Nature of change	Consideration	number or securities affected	Person's votes affected
	25/06/2021
	9/06/2021
	9/06/2021
	10/06/2021
	10/06/2021

				603 GUIDE	13 March 2000 page 5/1
10/06/2021	SAM USA	On market buy	0.95	2.500	2,500
10/06/2021	SAM USA	On market buy	0.95	6.000	6,000
10/06/2021	SAM USA	On market buy	0.95	14,000	14,000
10/06/2021	SAM USA	On market buy	0.95	5,200	5,200
10/06/2021	SAM USA	On market buy	0.95	3,600	3,600
10/06/2021	SAM USA	On market buy	0.95	300	300
10/06/2021	SAM USA	On market buy	0.95	2,200	2,200
10/06/2021	SAM USA	On market buy	0.95	2,700	2,700
10/06/2021	SAM USA	On market buy	0.95	2,800	2,800
10/06/2021	SAM USA	On market buy	0.95	10,200	10,200
10/06/2021	SAM USA	On market buy	0.95	6,800	6,800
10/06/2021	SAM USA	On market buy	0.95	9,000	9,000
10/06/2021	SAM USA	On market buy	0.95	7,600	7,600
10/06/2021	SAM USA	On market buy	0.95	16,000	16,000
10/06/2021	SAM USA	On market buy	0.95	3,500	3,500
10/06/2021	SAM USA	On market buy	0.95	14,100	14,100
10/06/2021	SAM USA	On market buy	0.95	8,600	8,600
10/06/2021	SAM USA	On market buy	0.95	300	300
10/06/2021	SAM USA	On market buy	0.95	10,800	10,800
10/06/2021	SAM USA	On market buy	0.95	9,800	9,800
10/06/2021	SAM USA	On market buy	0.95	6,600	6,600
10/06/2021	SAM USA	On market buy	0.95	13,900	13,900
10/06/2021	SAM USA	On market buy	0.95	17,700	17,700
10/06/2021	SAM USA	On market buy	0.95	8,700	8,700
10/06/2021	SAM USA	On market buy	0.95	7,900	7,900
10/06/2021	SAM USA	On market buy	0.95	9,500	9,500
10/06/2021	SAM USA	On market buy	0.95	8,100	8,100
10/06/2021	SAM USA	On market buy	0.95	10,300	10,300
10/06/2021	SAM USA	On market buy	0.95	350	350
10/06/2021	SAM USA	On market buy	0.95	4,400	4,400
10/06/2021	SAM USA	On market buy	095	8,200	8,200
10/06/2021	SAM USA	On market buy	0.95	23,300	23,300
11/06/2021	SAM USA	On market buy	0.9	10,000	10,000
11/06/2021	SAM USA	On market buy	0.93	4,500	4,500
11/06/2021	SAM USA	On market buy	0.93	3,000	3,000
15/06/2021	SAM USA	On market buy	1.13	10,000	10,000
15/06/2021	SAM USA	On market buy	1.12948	10,000	10,000
15/06/2021	SAM USA	On market buy	1.13	8,000	8,000
16/06/2021	SAM USA	On market buy	1.31	750	750
21/06/2021	SAM USA	On market buy	0.99	15,000	15,000
23/06/2021	SAM USA	On market buy	091	1 000,000	1,000,000
25/06/2021	SAM USA	On market buy	1.11	600,000	600,000
25/06/2021	SAM USA	On market buy	1.11	5,000	5,000
25/06/2021	SAM USA	On market buy	1.11	15,000	15,000
25/06/2021	SAM USA	On market buy	1.11	6,000	6,000
25/06/2021	SAM USA	On market buy	111	60,000	60,000
25/06/2021	SAM USA	On market buy	1.11	56,000	56,000
25/06/2021	SAM USA	On market buy	1.11	30,000	30,000
25/06/2021	SAM USA	On market buy	1.11	55,000	55,000
25/06/2021	SAM USA	On market buy	1.11	21,000	21,000

				603 GUIDE	page 6/1	13 March 2000
25/06/2021	SAM USA	On market buy	1.11	30,000		30.000
25/06/2021	SAM USA	On market buy	1.11	18.000		18,000
25/06/2021	SAM USA	On market buy	1.11	156,000		156,000
25/06/2021	SAM USA	On market buy	1.11	12,000		12,000
25/06/2021	SAM USA	On market buy	1.11	17,000		17,000
25/06/2021	SAM USA	On market buy	1.11	44,000		44,000
25/06/2021	SAM USA	On market buy	1.11	100,000		100,000
25/06/2021	SAM USA	On market buy	1.11	35,000		35,000
25/06/2021	SAM USA	On market buy	1.11	45,500		45,500
25/06/2021	SAM USA	On market buy	1.11	9,000		9,000
25/06/2021	SAM USA	On market buy	1.11	500		500
25/06/2021	SAM USA	On market buy	1.11	27,000		27,000
25/06/2021	SAM USA	On market buy	1.11	43,000		43,000
25/06/2021	SAM USA	On market buy	1.11	468,000		468,000
25/06/2021	SAM USA	On market buy	1.11	20,000		20,000
25/06/2021	SAM USA	On market buy	1.11	3,500		3,500
25/06/2021	SAM USA	On market buy	1.11	357,000		357,000
25/06/2021	SAM USA	On market buy	1.11	507,500		507,500
25/06/2021	SAM USA	On market buy	1.11	9,500		9,500
25/06/2021	SAM USA	On market buy	1.11	137,500		137,500
25/06/2021	SAM USA	On market buy	1.11	26,500		26,500
25/06/2021	SAM USA	On market buy	1.11	10,500		10,500
25/06/2021	SAM USA	On market buy	1.11	67,500		67,500
25/06/2021	SAM USA	On market buy	1.11	32,500		32,500
25/06/2021	SAM USA	On market buy	1.11	11,000		11,000
25/06/2021	SAM USA	On market buy	1.11	30,500		30,500
25/06/2021	SAM USA	On market buy	1.11	22,500		22,500
25/06/2021	SAM USA	On market buy	1.11	19,000		19,000
25/06/2021	SAM USA	On market buy	1.11	10,500		10,500
25/06/2021	SAM USA	On market sell	1.11	(50,000)		(50,000)
25/06/2021	SAM USA SAM USA	On market sell On market sell	1.11 1.11	(15,000) (20,000)		(15,000) (20,000)
25/06/2021						(16,000)
25/06/2021	SAM USA SAM USA	On market sell On market sell	1.11 1.11	(16,000) (7,000)		(7,000)
25/06/2021 25/06/2021	SAM USA	On market sell	1.11	(52,000)		(52,000)
25/06/2021	SAM USA	On market sell	1.11	(17,000)		(17,000)
25/06/2021	SAM USA	On market sell	1.11	(43.000)		(43,000)
25/06/2021	SAM USA	On market sell	1.11	(5,250)		(5,250)
30/06/2021	SAM USA	On market buy	1	20,000		20,000
30/06/2021	SAM USA	On market buy	1	30,000		30,000
30/06/2021	SAM USA	On market buy	1	40,000		40,000
30/06/2021	SAM USA	On market buy	1	9,000		9,000
30/06/2021	SAM USA	On market buy	1	60,000		60,000
30/06/2021	SAM USA	On market buy	1	9,500		9,500
30/06/2021	SAM USA	On market buy	1	22,500		22,500
30/06/2021	SAM USA	On market buy	1	85,000		85,000
30/06/2021	SAM USA	On market sell	1	(20.000)		(20,000)
30/06/2021	SAM USA	On market sell	1	(85,000)		(85,000)