Coda Minerals’ Elizabeth Creek project is close to the Stuart Shelf, a major geological formation which houses BHP’s world-class Olympic Dam project, on the eastern margin of the revered Gawler Craton.
Bordering either side of its tenements is BHP’s two other emerging mines – Oak Dam West to the north and Carrapateena to the east.
In its pursuit of a Tier 1 IOCG discovery, the company has kicked off target generation over a 28km2 area immediately to the east of Emmie Bluff, a large-scale underground copper and cobalt target.
The company says this area, which is almost completely unconstrained by drilling, would add significant overall value to Elizabeth Creek given its proximity to the proposed mining and processing infrastructure.
“With all four Gawler Craton IOCG deposits now in the hands of BHP, we are now very close to having next stage targets and we are looking forward to advancing IOCG exploration,” COD chair Keith Jones said.
