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An announcement from Cobra Resources Plc ( (GB:COBR) ) is now available.
Cobra Resources Plc has announced significant progress in its exploration activities at the Boland Project, aimed at advancing the site to an economic scoping study. The company has expanded its landholding with the acquisition of three additional tenements, increasing its prospective area to over 3,365 km². Key developments include imminent results from sonic core drilling, ongoing resource modeling, and metallurgical optimization testing. These efforts are expected to support a maiden Mineral Resource Estimate and further resource definition drilling. Cobra is also preparing for infield hydrology and permeability testing to demonstrate the ISR method, with results anticipated in August 2025. These advancements are critical for Cobra’s strategy to mitigate investment risks and capitalize on the commercial and environmental benefits of ISR mining.
More about Cobra Resources Plc
Cobra Resources Plc is a mineral exploration and development company focused on advancing ionic Heavy Rare Earth Element (HREE) discoveries. The company is primarily engaged in the exploration of its Boland Project in South Australia, which features a unique palaeochannel hosted ionic REE discovery. Cobra aims to leverage low-cost, low-disturbance In Situ Recovery (ISR) mining techniques to extract valuable rare earth elements such as dysprosium and terbium.
Average Trading Volume: 1,207,070
Technical Sentiment Signal: Buy
Current Market Cap: £12.73M
See more data about COBR stock on TipRanks’ Stock Analysis page.