Coda Minerals has been notified of the grant of exploration tenure in Victoria considered to be prospective primarily for gold and rare earths. The tenure was inherited through the Company's successful acquisition of Torrens Mining earlier this year to consolidate ownership of the Elizabeth Creek Copper Project in South Australia.Balmoral Tenure- VictoriaCoda has received notice of grant of EL7637 the Balmoral Project, which comprises 369 square kilometers of tenure and is considered prospective for multi-elements, primarily gold, rare earths and mineral sands. The Balmoral tenure is centred approximately 150km north of Portland in Victoria.Club Terrace Tenure- VictoriaThe Club Terrace Gold Project, which comprises existing licences EL9238 and EL5455 and the newly-granted EL7342 and EL7584, is located in south-eastern Victoria and is considered prospective for gold mineralisation. The primary target area comprises a large, untapped orogenic gold and associated copper mineralised system associated with the regional-scale Combienbar Fault system.Plans for Coda's Victorian AssetsIn July 2022, Coda entered into an agreement with Kalamazoo Resourcesto sell its assets located at Mt Piper in Victoria (EL6775, EL7331, EL7337, EL7366, EL7380 and application ELA7481). At the current time, these licences are awaiting processing of transfer documents prior to completion of the transaction. It is anticipated that this process may take approximately six months to complete. In light of its strategic focus on the Elizabeth Creek and Cameron River Copper Projects, the Company will evaluate a range of strategic options to crystallise value from these strategic Victorian tenements.
Coda Minerals has been notified of the grant of exploration tenure in Victoria considered to be prospective primarily for gold and rare earths. The tenure was inherited through the Company's successful acquisition of Torrens Mining earlier this year to consolidate ownership of the Elizabeth Creek Copper Project in South Australia.Balmoral Tenure- VictoriaCoda has received notice of grant of EL7637 the Balmoral Project, which comprises 369 square kilometers of tenure and is considered prospective for multi-elements, primarily gold, rare earths and mineral sands. The Balmoral tenure is centred approximately 150km north of Portland in Victoria.Club Terrace Tenure- VictoriaThe Club Terrace Gold Project, which comprises existing licences EL9238 and EL5455 and the newly-granted EL7342 and EL7584, is located in south-eastern Victoria and is considered prospective for gold mineralisation. The primary target area comprises a large, untapped orogenic gold and associated copper mineralised system associated with the regional-scale Combienbar Fault system.Plans for Coda's Victorian AssetsIn July 2022, Coda entered into an agreement with Kalamazoo Resourcesto sell its assets located at Mt Piper in Victoria (EL6775, EL7331, EL7337, EL7366, EL7380 and application ELA7481). At the current time, these licences are awaiting processing of transfer documents prior to completion of the transaction. It is anticipated that this process may take approximately six months to complete. In light of its strategic focus on the Elizabeth Creek and Cameron River Copper Projects, the Company will evaluate a range of strategic options to crystallise value from these strategic Victorian tenements.
