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Cobra Resources Plc ( (GB:COBR) ) has issued an announcement.
Cobra Resources announced promising results from field trials at its Boland Ionic Heavy Rare Earth Project, confirming the potential for cost-efficient and low-impact recovery of heavy rare earth elements through In Situ recovery (ISR). The trials demonstrated that the Boland aquifer’s unique hydrological properties support commercial mining operations, positioning Cobra to deliver some of the lowest costs globally for heavy rare earth recovery. This development significantly de-risks the Boland Project, providing a sustainable and risk-resilient source of rare earths, and supports Cobra’s strategy to achieve bottom-quartile recovery costs.
More about Cobra Resources Plc
Cobra Resources is a South Australian critical minerals developer focused on advancing assets through the pre-production pathway. The company identified the Boland ionic rare earth discovery at its Wudinna Project, which is suitable for in situ recovery (ISR) mining, a low-cost and low-disturbance extraction method. Cobra also expanded its portfolio with the Manna Hill Copper Project and sold its Wudinna Gold Assets.
Average Trading Volume: 3,225,868
Technical Sentiment Signal: Buy
Current Market Cap: £34.03M
For detailed information about COBR stock, go to TipRanks’ Stock Analysis page.