Coda Minerals : Presentation to Paydirt Battery Minerals Conference

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Nature of this document: The purpose of this presentation is to provide general information about Coda Minerals Limited (ACN 625 763 957) (the 'Company'). Unless otherwise stated herein, the information in this presentation is based on the Company's own information and estimates as at the date of this presentation. In attending this presentation or viewing this document you agree to be bound by the following terms and conditions.

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Photographs used on page 1 , 26, 32 and 34 were provided by Adam Mørk Architectural Photography viahttp://adammork.dk/.

• • 1.1Mt of Contained CuEq Defined

  • - 43Mt @ 1.84% CuEq (Emmie Bluff)

  • - 18Mt @ 1.14% CuEq (Windabout)

  • - 1.8Mt @ 1.67% CuEq (MG14)

• • Inventory growth through discovery

Rare Investment Opportunity

MAJOR COPPER INVENTORYEMMIE SYSTEM

• • Ambitious drill campaign to expand Emmie IOCG

• • Ongoing studies on near term copper-cobalt assets

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Coda Minerals - Sustaining Tomorrow

1Coda has the right to earn up to 75% interest in the Elizabeth Creek assets. Current ownership 70% Coda (ASX:COD), 30% Torrens (ASX:TRN).

Coda and Torrens have announced intention to merge (see Slide 4).

2Coda has the right to earn up to 80% interest in the Cameron River assets.

TIER 1 LOCATIONS

Elizabeth Creek1; Olympic IOCG Copper Province

Cameron River2; Mount Isa Inlier

DEMONSTRATED DISCOVERY POTENTIAL

Recent drill success validates exploration strategy in the Olympic IOCG Corridor Drilling at Elaine to test IOCG potential

STRATEGIC FOCUS

Discovering and proving up copper resources, an essential metal for a low carbon future Major source of ethical, Australian cobalt

Corporate Structure

TOP SHAREHOLDERS (as of 14th March 2022)

CURRENT CAPITAL STRUCTURE & SHARE PRICE

ANGANG GROUP HONG KONG (HOLDINGS) LIMITED 12.17%

CITICORP NOMINEES PTY LTDMR KEITH FRANCIS JONES & MRS JENNIFER JONESOTHER SHAREHOLDERSHSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED

CS THIRD NOMINEES PTY LIMITED

ASX Code

Share Price [04/04/2022]

COD $0.64

Ordinary Shares (including escrow) 97,767,184

Options on Issue (exercise price $0.2145) 6,000,000

Market Capitalisation $63M

Top 20 Shareholders 63%

Cash and Equivalents [as of 31 December 2021] $13.9M

TAKEOVER OFFER

• • Coda announced an off-market takeover offer to acquire Torrens with 0.23 new Coda shares offered for every 1 Torrens share held

• • The Offer values Torrens shares at $0.202 cents per share each, representing a 30% premium to Torrens' closing price on 8th February 2022

• • Shareholders collectively representing 42.4% of Torrens' shares have indicated support

• • Torrens' shareholders will be expected to hold 21.2% interest in the enlarged Coda

Indicative Market Capitalisation

Elizabeth Creek

$109 Million1

100% Ownership2

• 1 Indicative post completion market capitalisation as at date of announcement

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  Coda Minerals - Sustaining Tomorrow

• 2 Subject to completion of the transaction and acceptance by Torrens Shareholders.

Board of Directors & Senior Management

Keith Jones

Chris Stevens

NON-EXECUTIVE DIRECTOR

CHIEF EXECUTIVE OFFICER, DIRECTOR

Chartered Accountant and senior mining industry leader with over 40 years of corporate advisory experience including former Chairman of Deloitte Australia and former Chairman of Cannings Purple. Currently Non-Executive Director of Ora Banda Mining.

Mineral economist, feasibility and project valuation specialist. Former CEO of Gindalbie Metals, led the acquisition and demerger in 2019. Former Director of Mining Operations Consulting at PwC, senior commercial and consulting roles across mining, oil and gas. BA (Hons) Oxford University, MSc in Mineral Economics (WASM), FAusIMM.

Colin Moorhead

Kudzai Mtsambiwa

NON-EXECUTIVE DIRECTOR

CHIEF FINANCIAL OFFICER

Highly experienced exploration and mine geologist, past president of the AusIMM, former member JORC Committee. Senior roles including CEO PT Merdeka Copper Gold Tbk, EGM Minerals at Newcrest Mining Ltd, and Geology Manager at Gosowong Gold. Currently NED at Aeris Resources, Xanadu, and Sihayo Gold.

Chartered Accountant with 14 years' experience in the international resources sector. Lengthy career with West African-focused, Perseus Mining - where he held the roles of Group Planning & Business Analyst and Group Financial Controller for seven years. MSc in Mineral Economics (WASM).

Robin Marshall

Susan Park

NON-EXECUTIVE DIRECTOR

COMPANY SECRETARY

Experienced mining executive previously involved in managing the successful delivery of some of the world's largest resource projects, including Chairman of the Gruyere Steering Committee, major iron ore projects for BHP Billiton Iron Ore and North Ltd.

Over 25 years' experience in the corporate finance industry and extensive experience in Company Secretarial and Non-Executive Director roles with ASX, AIM and TSX listed companies. Susan is currently Company Secretary of several ASX listed companies.

Paul Hallam

Matt Weber

NON-EXECUTIVE DIRECTOR

MANAGER - GEOLOGY

Accomplished resource industry leader who has been directly responsible for the delivery and operation of 11 gold, base metals, and iron ore projects over 40 years. Former executive at FMG, Newcrest and current NED of Sandfire Resources and Greatland Gold.

Exploration geologist and mineral economist with over a decade's exploration experience working with Rio Tinto and multiple exploration companies across Western Australia focussing on gold, iron ore and base metals. MSc in Mineral Economics (WASM).

More information regarding these directors can be found in Appendix B.

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Coda Minerals - Sustaining Tomorrow