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Cobra Resources Plc ( (GB:COBR) ) has provided an announcement.
Cobra Resources PLC has announced promising final results from the re-analysis of historical drilling data, which confirm the large-scale potential of rare earth elements (REEs) across newly acquired tenements at its Boland Project. The results highlight significant REE mineralization in three major target zones, suggesting a substantial expansion of the project’s scale. With the assignment of Native Title nearing completion, Cobra is preparing for drill testing to incorporate these findings into an initial Mineral Resource Estimate. This development positions Cobra to enhance its market presence by providing a sustainable supply of critical metals like terbium and dysprosium, leveraging low-cost ISR mining techniques.
More about Cobra Resources Plc
Cobra Resources PLC is a mineral exploration and development company focused on expanding its resource potential in the rare earth elements (REEs) sector. The company is particularly engaged in projects that involve palaeochannel sediment-hosted REEs, with a focus on low-cost, low-impact in situ recovery (ISR) mining methods.
Average Trading Volume: 3,401,400
Technical Sentiment Signal: Buy
Current Market Cap: £31.7M
For detailed information about COBR stock, go to TipRanks’ Stock Analysis page.