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Cobra Resources Plc ( (GB:COBR) ) has shared an announcement.
Cobra Resources PLC announced exceptional metallurgical results from its Boland Ionic Rare Project, indicating reduced costs and increased production capacity. The tests, conducted with the Australian Nuclear Scientific Technology Organisation, showed rapid recoveries of valuable heavy rare earths at low acid consumption, suggesting significant economic and strategic benefits. These results enhance Cobra’s confidence in the ionic recoverability of Boland ore and support its strategy to meet market demand for heavy rare earths amidst changing global supply dynamics.
More about Cobra Resources Plc
Cobra Resources PLC is a South Australian mineral exploration and development company, focusing on the exploration and development of rare earth elements. The company is involved in projects that aim to deliver low-cost and sustainable critical minerals, addressing market needs for a sustainably sourced, refined heavy rare earth carbonate.
Average Trading Volume: 3,282,203
Technical Sentiment Signal: Buy
Current Market Cap: £36.07M
For detailed information about COBR stock, go to TipRanks’ Stock Analysis page.