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Cobra Resources Plc ( (GB:COBR) ) just unveiled an announcement.
Cobra Resources has extended its Stage 1 reverse circulation drilling programme at the Manna Hill Copper Project’s Blue Rose prospect by up to five additional holes, after visual observations from 13 completed holes indicated broad zones of primary copper, gold and molybdenum mineralisation. The additional drilling aims to better define the scale and geometry of a potential large porphyry system, with completion expected next week and initial assay results due in March, a step that could materially influence Cobra’s understanding of the project’s resource potential and future development plans.
Recent drilling has intersected visible sulphides, copper oxides and molybdenite associated with quartz monzonite and diorite intrusions, along with potassic alteration that is characteristic of porphyry systems. These geological indicators, building on past intersections of high-grade copper-gold mineralisation over a 1.6 km strike at Blue Rose, suggest continuity at depth and enhance the prospectivity of Manna Hill as a scalable copper discovery within a key Australian copper province.
The most recent analyst rating on (GB:COBR) stock is a Hold with a £4.00 price target. To see the full list of analyst forecasts on Cobra Resources Plc stock, see the GB:COBR Stock Forecast page.
Spark’s Take on GB:COBR Stock
According to Spark, TipRanks’ AI Analyst, GB:COBR is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and sustained cash burn), partially mitigated by a debt-free balance sheet. Technicals are a key positive with price above major moving averages and healthy momentum. Valuation remains unattractive/unclear due to negative earnings and no dividend yield data.
To see Spark’s full report on GB:COBR stock, click here.
More about Cobra Resources Plc
Cobra Resources plc is a South Australian mineral exploration and development company focused on copper, gold and molybdenum. The company is advancing the Manna Hill Project, considered one of South Australia’s premier porphyry prospects, which hosts multiple early-stage porphyry and skarn targets as well as underexplored gold prospects and historic goldfields.
Average Trading Volume: 1,251,498
Technical Sentiment Signal: Buy
Current Market Cap: £42.11M
Find detailed analytics on COBR stock on TipRanks’ Stock Analysis page.