Coda Minerals Limited announced that it has established a small holdings sale facility (Facility). The Facility provides shareholders who have parcels of fully paid ordinary shares (Shares) valued at less than $500 (Small Holding) with the opportunity to sell their Shares without incurring any brokerage or handling costs. The record date for purposes of determining holders of Small Holdings has been set at 5:00pm (WST) on 22 October 2021. All shareholders of the Company who had a Small Holdings at the Record Date are eligible to participate in the Facility (Eligible Shareholders). The company values all of its shareholders. However, as at the Record Date, the Company had 6,316 shareholders with Small Holdings who collectively held 916,263 Shares. This represented approximately 67% of the total shareholders, but only approximately 1% of the total Shares on issue at that time. The Company expects the sale of Small Holdings through the Facility will help to reduce administrative costs, including printing and mailing costs and share registry expenses associated with maintaining a large number of Small Holdings. The Facility also provides holders of Small Holdings with the opportunity to sell their Shares without incurring any brokerage or handling costs. Such costs may otherwise render a sale unattractive or uneconomical. It also allows holders of Small Holdings the opportunity to sell their Shares into an aggregated pool, which may be more attractive to a potential purchaser.