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Cobra Resources Plc ( (GB:COBR) ) has shared an announcement.
Cobra Resources has begun resource definition drilling at its Wudinna rare earth prospects, Boland and Head, using two Sonic Core rigs in a campaign of up to 90 holes over roughly 4,500 metres. The programme, expected to run for four to six weeks with first lab results in early April, is designed to deliver a maiden Mineral Resource Estimate for in situ recoverable heavy rare earths, following successful metallurgical and hydrology work.
The Boland project features a novel ionic rare earth mineralisation hosted in permeable geology that supports confined aquifer in situ recovery, enabling low-cost extraction while avoiding the processing challenges of clay ores and reducing environmental risk. Recent test work, including studies by ANSTO and CSIRO, indicates low acid use, potential for self-acid generation, efficient cerium suppression and high-purity mixed rare earth carbonate production, positioning Cobra to progress a scoping study and potentially underpin a multigenerational, economically competitive rare earth operation.
The most recent analyst rating on (GB:COBR) stock is a Hold with a £4.50 price target. To see the full list of analyst forecasts on Cobra Resources Plc stock, see the GB:COBR Stock Forecast page.
Spark’s Take on GB:COBR Stock
According to Spark, TipRanks’ AI Analyst, GB:COBR is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and sustained cash burn), partially mitigated by a debt-free balance sheet. Technicals are a key positive with price above major moving averages and healthy momentum. Valuation remains unattractive/unclear due to negative earnings and no dividend yield data.
To see Spark’s full report on GB:COBR stock, click here.
More about Cobra Resources Plc
Cobra Resources plc is a South Australian critical minerals developer focused on advancing pre-production assets, including the Wudinna rare earths project in the Gawler Craton and the optioned Manna Hill Copper Project in the Nackara Arc. Its flagship Boland discovery at Wudinna is Australia’s only rare earth project currently considered suitable for low-cost, low-disturbance in situ recovery mining.
Average Trading Volume: 1,345,381
Technical Sentiment Signal: Buy
Current Market Cap: £48.84M
Find detailed analytics on COBR stock on TipRanks’ Stock Analysis page.