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Cobra Resources Plc ( (GB:COBR) ) has issued an update.
Cobra Resources Plc has announced significant results from its flowsheet optimisation testing at the Boland Project, conducted by the Australian Nuclear Scientific Technology Organisation. The testing revealed high recoveries of rare earth elements at low acidity levels, which are unprecedented for an Australian ionic clay project. These results are expected to improve production economics, increase recoverable ore, and reduce costs, positioning Cobra as a competitive player in the rare earths market. The company is awaiting permitting approvals to further advance its operations, which could have a substantial impact on the supply chain for critical rare earth elements.
More about Cobra Resources Plc
Cobra Resources Plc is a mineral exploration and development company focused on advancing a potentially world-class ionic Rare Earth Element (REE) discovery at its Boland Project in South Australia. The company is involved in the exploration of rare earth minerals, particularly through innovative mining techniques such as In Situ Recovery (ISR).
Average Trading Volume: 1,991,887
Technical Sentiment Signal: Buy
Current Market Cap: £24.58M
Find detailed analytics on COBR stock on TipRanks’ Stock Analysis page.