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The latest announcement is out from Cobra Resources Plc ( (GB:COBR) ).
Cobra Resources PLC has completed a 10-hole, 423-meter sonic core drilling program at its Boland Project, targeting ionic Rare Earth Elements (REEs) enriched in dysprosium and terbium. The completion of this drilling marks a significant step towards delivering a rare earth Mineral Resource Estimate at Boland, with assay results expected in early June 2025. The project is strategically important due to its potential for low-cost, environmentally responsible ISR mining, which could enhance Cobra’s position in the rare earth industry and provide significant benefits to stakeholders.
More about Cobra Resources Plc
Cobra Resources PLC is a mineral exploration and development company focused on advancing its Boland Project in South Australia. The company specializes in the discovery and development of ionic Rare Earth Elements (REEs), which are crucial for various high-tech industries. Cobra’s operations are centered around employing in situ recovery (ISR) mining techniques, which are cost-effective and environmentally friendly, to extract these valuable resources.
Average Trading Volume: 1,117,357
Technical Sentiment Signal: Buy
Current Market Cap: £10.75M
Find detailed analytics on COBR stock on TipRanks’ Stock Analysis page.