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Cobra Resources Plc ( (GB:COBR) ) has shared an announcement.
Cobra Resources has announced advancements in its metallurgical studies at the Boland project, which aim to optimize the economics of in situ recovery of rare earth elements. The studies have shown promising results in reducing sulphuric acid consumption, a major cost factor, and increasing the recovery of high-value REEs. This could enhance the company’s market resilience and competitiveness by lowering production costs and improving product quality. The ongoing tests also indicate potential for natural acid generation, which could further reduce costs and improve the efficiency of the extraction process.
More about Cobra Resources Plc
Cobra Resources PLC is a mineral exploration and development company focused on the extraction of rare earth elements (REEs) in South Australia. The company is engaged in optimizing in situ recovery (ISR) techniques to enhance the economic viability of its Boland Ionic Rare Earth Project.
Average Trading Volume: 3,024,202
Technical Sentiment Signal: Buy
Current Market Cap: £46.97M
For a thorough assessment of COBR stock, go to TipRanks’ Stock Analysis page.