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Cobra Resources Plc ( (GB:COBR) ) has shared an announcement.
Cobra Resources Plc has received approval from the South Australian government to commence exploration at the Manna Hill Project, focusing on the Blue Rose copper prospect. The company plans to conduct an Induced Polarisation survey and a drilling program to expand the known mineralization, which could significantly enhance the project’s value and potentially lead to a major porphyry discovery. This development marks a pivotal moment for Cobra, as it aims to demonstrate the project’s potential and possibly exercise its option to acquire the Manna Hill Project.
More about Cobra Resources Plc
Cobra Resources Plc is a South Australian critical minerals developer focused on advancing projects in the pre-production stage. The company is involved in exploring and developing mineral resources, particularly in under-explored regions, with a market focus on copper and gold mineralization.
Average Trading Volume: 3,118,354
Technical Sentiment Signal: Buy
Current Market Cap: £33.1M
For an in-depth examination of COBR stock, go to TipRanks’ Overview page.