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Coda Minerals Ltd (AU:COD)
ASX:COD
Australian Market
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Coda Minerals Ltd (COD) AI Stock Analysis

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AU:COD

Coda Minerals Ltd

(Sydney:COD)

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Neutral 43 (OpenAI - Gpt-5.6Sol)
Rating:43Neutral
Price Target:
AU$0.10
â–¼(-15.83% Downside)
Action:Reiterated
Date:09/30/26
The score is held down primarily by weak financial performance (pre-revenue, ongoing losses, and higher 2026 cash burn) and bearish technicals (price below all key moving averages with negative MACD). A low-debt balance sheet provides some support, but the negative P/E and lack of dividend underline the elevated risk and uncertain path to profitability.
Positive Factors
Low leverage
Very low debt relative to equity reduces balance-sheet pressure while the company funds exploration and development. This provides greater flexibility to manage operating losses, preserve optionality across projects, and withstand periods of uncertain resource timing without heavy interest obligations.
Negative Factors
Pre-revenue model
Coda has not yet established operating revenue, so its exploration portfolio has not converted into a producing commercial business. Until a project reaches an income-generating stage, funding depends on capital resources and successful technical progress rather than internally generated sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low debt relative to equity reduces balance-sheet pressure while the company funds exploration and development. This provides greater flexibility to manage operating losses, preserve optionality across projects, and withstand periods of uncertain resource timing without heavy interest obligations.
Read all positive factors

Coda Minerals Ltd (COD) vs. iShares MSCI Australia ETF (EWA)

Coda Minerals Ltd Business Overview & Revenue Model

Company Description
Coda Minerals Limited functions as a mineral exploration company, dedicated to the search, identification, and advancement of deposits across the base metal, precious metal, and battery mineral sectors. The firm possesses full ownership of two sig...
How the Company Makes Money
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Coda Minerals Ltd Financial Statement Overview

Summary
Financial profile is weak overall: the company is pre-revenue with persistent operating and net losses, and cash burn increased materially in 2026. The main offsetting positive is a conservatively levered balance sheet with low debt and meaningful equity/assets, providing some financial flexibility despite negative returns on equity.
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
BreakdownJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue0.000.000.000.000.00
Gross Profit-163.59K-160.78K-162.87K-162.46K-147.53K
EBITDA-10.98M-4.15M-4.49M-7.64M-14.85M
Net Income-10.86M-4.29M-4.57M-7.76M-14.21M
Balance Sheet
Total Assets29.51M22.93M22.24M23.55M27.60M
Cash, Cash Equivalents and Short-Term Investments10.77M3.96M3.43M4.72M8.18M
Total Debt121.85K213.87K123.98K7.67K98.40K
Total Liabilities1.67M815.41K646.20K858.91K1.72M
Stockholders Equity27.84M22.12M21.60M22.70M25.88M
Cash Flow
Free Cash Flow-8.93M-3.90M-4.05M-7.52M-14.42M
Operating Cash Flow-8.87M-3.88M-4.05M-7.51M-14.33M
Investing Cash Flow-84.41K-10.71K-1.82K281.69K828.95K
Financing Cash Flow15.76M4.43M2.76M3.76M-90.83K

Coda Minerals Ltd Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.12
Price Trends
50DMA
0.12
Negative
100DMA
0.12
Negative
200DMA
0.14
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
49.49
Neutral
STOCH
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:COD, the sentiment is Neutral. The current price of 0.12 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.12, and below the 200-day MA of 0.14, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.49 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:COD.

Coda Minerals Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
45
Neutral
AU$43.03M-2.00337.06%――50.00%
44
Neutral
AU$37.01M-3.44-24.22%――-28.87%
43
Neutral
AU$46.92M-3.23-38.32%――-113.13%
43
Neutral
AU$58.23M-17.98-2.63%――11.63%
43
Neutral
AU$58.01M-3.95-16.19%――46.91%
42
Neutral
AU$39.37M-6.95-8.90%―――
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:COD
Coda Minerals Ltd
0.11
-0.02
-15.38%
AU:COB
Cobalt Blue Holdings
0.06
-0.09
-59.33%
AU:STM
Sunstone Metals Limited
0.19
-0.50
-72.46%
AU:BSX
Blackstone Minerals Ltd
0.03
-0.05
-61.25%
AU:MTH
Mithril Resources Ltd
0.22
-0.38
-63.56%
AU:AW1
American West Metals Ltd.
0.04
-0.01
-28.00%

Coda Minerals Ltd Corporate Events

Coda Minerals Confirms Governance Structure in Annual Report
Sep 29, 2026
Coda Minerals Ltd, an ASX-listed mineral exploration company based in West Perth, Western Australia, has confirmed its current corporate structure and governance framework. The board includes a non-executive chairperson, several non-executive dire...
Coda Minerals Files Updated Corporate Governance Statement with ASX
Sep 29, 2026
Coda Minerals Ltd has lodged its corporate governance statement and accompanying Appendix 4G with the ASX for the year ended 30 June 2026, confirming compliance with key ASX Corporate Governance Council recommendations. The statement, current as a...
Coda Minerals Confirms Strong Recoveries as Elizabeth Creek PFS Advances
Sep 25, 2026
Coda Minerals has issued an amended version of its September 21 announcement after identifying that metal feed grades in a key table were incorrectly reported as calculated head grades rather than assayed head grades. The correction aligns the tab...
Coda Minerals Posts Strong Leach Results in Elizabeth Creek PFS Push
Sep 20, 2026
Coda Minerals has reported strong preliminary metallurgical results from variability testing of its preferred whole-ore chloride leach process at the Elizabeth Creek Copper-Silver Project. Representative Emmie Bluff samples delivered average recov...
Coda Minerals issues cautionary investor presentation to sophisticated investors
Sep 9, 2026
Coda Minerals has released an investor presentation intended to provide general information about the company’s activities and outlook to a select audience of sophisticated and institutional investors. The document emphasises that it is not ...
Coda Minerals Adds Small Parcel of New Shares to ASX Quotation
Sep 8, 2026
Coda Minerals Ltd has applied to the Australian Securities Exchange for quotation of a small parcel of additional ordinary fully paid shares. The company is seeking listing of 4,124 COD securities issued on 7 September 2026, expanding its quoted s...
Coda Minerals Issues New Shares Under Cleansing Notice
Aug 25, 2026
Coda Minerals has issued 800,000 fully paid ordinary shares at a deemed price of $0.075 per share, with the new equity being placed without a prospectus under the small-scale disclosure provisions of the Corporations Act. The company has confirmed...
Coda Minerals Issues Shares to Settle Investor Relations Fees
Aug 25, 2026
Coda Minerals Ltd has applied to the Australian Securities Exchange for quotation of 800,000 new ordinary fully paid shares. The shares were issued on 25 August 2026 and will be listed under the company’s existing ASX code COD.The new shares...
Coda Minerals Director Keith Jones Increases Equity Stake via Share Placement
Aug 14, 2026
Coda Minerals has disclosed a change in director Keith Jones’s relevant interests in the company’s securities, following a recent shareholder-approved placement. Jones holds his interests indirectly through entities White Silk Pty Ltd ...
Coda Minerals Reports Lapse of Over 3 Million Performance Rights
Aug 14, 2026
Coda Minerals Ltd has reported the lapse of 3,080,680 performance rights that were scheduled to expire on November 13, 2028. The rights ceased on August 13, 2026 after the conditional requirements attached to these securities were not met or becam...
Coda Minerals Raises $2m in Second Tranche of Share and Option Placement
Aug 10, 2026
Coda Minerals has completed the second tranche of a previously announced capital placement, issuing 15,384,617 new fully paid ordinary shares at $0.13 each to raise $2 million before costs, alongside 12,884,616 quoted options exercisable at $0.15 ...
Coda Minerals Issues 7.7 Million Unquoted Options
Aug 10, 2026
Coda Minerals has notified the market of the issue of 7,700,000 unquoted options, exercisable at $0.26 each and expiring three years from the issue date. These options form part of previously announced transactions and are not intended to be quote...
Coda Minerals Seeks ASX Quotation for New Shares and Options
Aug 10, 2026
Coda Minerals Ltd has applied to the ASX for quotation of 15,384,617 new fully paid ordinary shares and 12,884,616 options expiring on 28 March 2029, with an issue date of 10 August 2026. The quotation of these securities, previously flagged in an...
Coda Minerals Shareholders Back Ratification of Capital Raisings
Aug 3, 2026
Coda Minerals Ltd has confirmed that all resolutions put to shareholders at its recent general meeting were passed by poll, including multiple items ratifying prior share and option placements undertaken in October and June. The strong majority vo...
Coda Minerals Starts Hydro Drilling to Advance Elizabeth Creek PFS
Jul 22, 2026
Coda Minerals has begun a six-bore hydrogeological drilling program at its Elizabeth Creek Copper-Silver Project in South Australia, targeting the Windabout open-pit and Emmie Bluff underground prospects. The campaign comprises three production bo...
Coda Minerals Secures Key Approvals Milestone for Elizabeth Creek Project
Jul 21, 2026
Coda Minerals has secured formal gazettal of its Scoping Report for the Elizabeth Creek copper-silver project by South Australia’s Department of Energy and Mines, establishing project-specific Terms of Reference for the mining lease approval...
Coda Minerals Advances Elizabeth Creek PFS with Key Lidar Survey Data
Jul 12, 2026
Coda Minerals has completed a 480km² fixed-wing airborne Lidar survey over the Elizabeth Creek Copper-Silver Project, delivering a highly accurate three-dimensional terrain model that will underpin the project’s Pre-Feasibility Study. T...
Coda Minerals Sets August General Meeting With Digital Notice Access
Jul 3, 2026
Coda Minerals has called a General Meeting of Shareholders to be held as a physical, in‑person event at Blackwall Legal’s offices in Perth on 3 August 2026 at 2:00pm WST. The meeting will consider resolutions detailed in the Notice of ...
Coda Minerals Sets August 2026 General Meeting and Voting Timetable
Jul 3, 2026
Coda Minerals Ltd has called a physical general meeting of shareholders to be held at Blackwall Legal in Perth, Western Australia, at 2.00 p.m. WST on Monday, 3 August 2026. The meeting will consider matters set out in the notice, explanatory stat...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 30, 2026