Coda Minerals Limited has reported breakthrough preliminary metallurgical testwork at its Elizabeth Creek Copper‐Cobalt Project in South Australia, using a simplified whole-ore leach flowsheet that could significantly enhance recoveries and reduce capital expenditure. Two techniques were examined on material from the Emmie Bluff deposit. One method, using a catalyzed ammonia oxidative leach, achieved a copper recovery of 92.5% in just eight hours, while a second technique using an ammonium chloride leach delivered an even higher copper recovery of 95.9%. These figures compare very favorably against the previous flotation-based flowsheet, which produced an average copper recovery of 82.8%. The new process utilizes a coarse grind (75µm) and operates under near-neutral to alkaline conditions that suit the carbonate-rich ore hosted at Emmie Bluff. The improved recoveries of copper and silver – with silver extraction reaching over 97% via the ammonium chloride method – hint at a considerable potential to not only increase revenue but also reduce the complexity and overall cost of the processing plant by replacing conventional equipment, such as flotation circuits, hydrometallurgical processing units, and O2 plants, with simple polycarbonate tanks. Coda Minerals’ recent Scoping Study had established robust project fundamentals with a pre-tax net present value of approximately A$1.2 billion and a post-tax value of A$802 million, based on average recoveries of 82% at an all-in sustaining cost of about US$1.80 per pound of copper. With the new whole-ore leach test results indicating recoveries above 90%, there is a clear opportunity to upgrade the project economics further by capturing additional metal value over the life of the mine. The company is now working on optimizing the reagent concentrations, recycling of the catalyst, and evaluating operating expenditure trade-offs, while also progressing preparatory work towards a Pre-Feasibility Study. Coda also noted encouraging drilling assay results that confirm mineralization extensions beyond the principal Emmie Bluff deposit, suggesting further growth potential. The company is pursuing additional analysis to enhance the recovery of cobalt, another important component of the project, by investigating second-stage reductive leaching methods. Market sentiment on the news could lean bullish due to the promising technical indicators and the potential for a much simpler, lower-cost processing operation. The prospect of increased recoveries significantly improving the project's revenue stream and economics is attractive for investors. However, caution remains as these results are based on early stage testwork, and further confirmatory studies are required before the economic outcomes and production performance can be finalized. In this context, while the breakthrough has the potential to propel the project forward, risk remains until subsequent detailed engineering and cost studies are completed.