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The latest announcement is out from Cobra Resources Plc ( (GB:COBR) ).
Cobra Resources PLC has announced promising initial results from the re-analysis of historical drilling data at its recently acquired tenement in the Yaninee Palaeochannel system. These results suggest a significant expansion of the ionic REE system, with two large higher-grade zones identified, enhancing the project’s scale. The findings indicate potential for low-cost ISR recovery of REEs, which could bolster Cobra’s position in the rare earth industry. The company plans to prioritize areas with the highest prospectivity for further drilling, aiming to increase the project’s overall scale and impact.
More about Cobra Resources Plc
Cobra Resources PLC is a mineral exploration and development company focused on discovering and advancing rare earth elements (REEs), particularly dysprosium and terbium, at its Boland Project in South Australia. The company employs a low-cost, low-impact mining method known as In Situ Recovery (ISR) to extract these valuable minerals from the Pidinga Formation, which is characterized by its unique geological setting that allows for efficient recovery of REEs.
Average Trading Volume: 1,858,741
Technical Sentiment Signal: Buy
Current Market Cap: £20.63M
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