Just trying to remove two 555 in one IC (CMOS ICM7556IPD) from this induction balance "worlds simplest IB design" (matchless)
http://www.geotech1.com/pages/metdet/projects/matchless/matchless300c.pdf and use AVR ATTiny85 (DIP8)

Original assembly looks like this:

It uses 2 coils in Double D : 70 turns @ 120mm diameter before forming D shapes each.
My concept is to remove 555 and put ATTiny85, change battery to 12V VRLA rechargable.

Left side (Tx coil) is quite easy part I think, while there is about 10mA current limited by this 680 ohm resistor @ about 700Hz 50% duty cycle.
But Rx coil detection is more tricky.
I found 555 funtional diagram truth table

so I think I could try to simulate in software 555 Thresold & Trigger influence on oryginal output send to speakers, based on ADC readings.
I have no idea for the moment why this capacitor 0.001uF in series with Rx coil has such value?
We have 70 turns in those 2 coils and they are made on 120mm diamater templates.
Is it some kind of radio receiver here and this capacitor is choosen for inductance of this Rx coil for resonance?
Just trying to look into different basic radio receiver circuits and guess what happends if i change Tx frequency lets say to 1kHz (duty cycle 50% no change)-do I need change this capacitor on Rx coil side or number of turns?

Also I'm not sure how to scale those yellow resistors (on Rx coil side) If i'd rather power this Rx right side with 5V (not 9V) to fit into AVR adc range or maybe even use precision voltage reference 2.5V on AVREF, so need to scale it down to 2.5V range?
I'd like to start with something like "Hello to IB metal detection world" close to this oryginal circuit, but in AVR ATTiny85 version, while I'd like to experiment later with bigger Tx coil currents & voltages, different frequencies and another post processing.
Maybe I could be able skip tune and fine tune potentiometers and try hardcode in software this bias while I will have ADC moveing average and will try to send it to PC or scope to see what happends if I spot metal under the coils
