Cobra Resources Plc (GB:COBR) has released an update.
Cobra Resources PLC has announced promising results from metallurgical studies at its Boland Project in South Australia, indicating high recovery rates of up to 82% for valuable rare earth elements with low impurity levels and acid consumption. These advancements bolster the potential for cost-effective and environmentally friendly In Situ Recovery mining, setting Cobra on a course to revolutionize the global supply of heavy rare earths. Further results from ongoing research are expected in the coming weeks, as Cobra aims to optimize the recovery process and reduce production costs for these critical resources.
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