Elizabeth Creek copper/cobalt project, Australia

Image of a drill rig at the Elizabeth Creek copper/cobalt project

Photo by Coda Minerals

9th June 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor


Font size: - +

Name of the Project
Elizabeth Creek copper/cobalt project.

The project comprises three deposits, located about 135 km north of Port Augusta, in South Australia.

Project Owner/s
Coda Minerals.

Project Description
A scoping study has confirmed the potential of the project as financially robust and globally competitive.

The study is based on a nameplate 2.5-million-tonne-a-year mining and processing operation producing copper and cobalt as co-products, and zinc and silver as by-products.

The project will be undertaken in two phases.

Phase 1 will comprise about a year of copper/cobalt concentrate production to drive early cash flow.

Phase 2 will involve the construction of a hydrometallurgical plant using the Albion Process to produce an estimated 13 years of the higher-value saleable end-products copper cathode, battery-grade cobalt sulphate, zinc carbonate and silver doré.

Over the 14-year life-of-mine, the project will produce an estimated 317 000 t of copper and 14 400 t of cobalt.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% rate of return, of A$570-million and an internal rate of return of 26.5%, with a payback of 4.75 years.

Capital Expenditure
Phase 1 capital expenditure (capex) is estimated at A$277-million.

Phase 2 capex is estimated at A$320-million in Year 3, partly supported by cash flow from Phase 1.

Planned Start/End Date
Not stated.

Latest Developments
The Coda Minerals board has approved the start of the next-stage prefeasibility work.

Key Contracts, Suppliers and Consultants
CSA Global (peer review of financial model); Strategic Metallurgy (metallurgical testwork and flowsheet design); Core Metallurgy and Glencore Technology (Albion Process testwork); Mining Plus (underground mining and geotechnical/mining engineering, Emmie Bluff); Crystal Sun Consulting (openpit mining engineering, scheduling and infrastructure design); and Green Values Australia (heritage and environmental management).

Other consultants include Como Engineers (electrical engineering and system design); Ausenco (processing capex/operating expenditure review and recommendations); WSP Golder (tailings management); Rockwater (hydrogeology); Barron Environmental (environmental surveys); and Cartledge Mining and Geotechnics (Emmie Bluff geotechnical assessment).

Contact Details for Project Information
Coda Minerals, email

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor


Latest News

Image shows mine trucks and openpit operation
RCF sells Ausenco to US investment firms
22nd September 2023 By: Esmarie Iannucci


Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa


Latest Multimedia

sponsored by

Photo of Martin Creamer
ARM, GoldOre, Gautrain make headlines
22nd September 2023
Magazine cover image
Magazine round up | 22 September 2023
22nd September 2023
Resources Watch image
Resources Watch
21st September 2023

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?







sq:0.076 0.129s - 94pq - 2rq
Subscribe Now