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Cobra Resources Plc ( (GB:COBR) ) has shared an update.
Cobra Resources Plc has commenced sonic core drilling at its Boland Project in South Australia, aiming to advance its ionic Rare Earth Elements (REEs) discovery. This drilling is part of a program designed to evaluate the in situ recovery (ISR) productivity of the orebody and assess the enrichment of critical heavy rare earths like dysprosium and terbium, which are in high demand globally. The results of this drilling, expected in 4-6 weeks, will contribute to resource definition, ISR infield testing, and optimized metallurgical studies, potentially enhancing Cobra’s positioning in the rare earths market.
More about Cobra Resources Plc
Cobra Resources Plc is a mineral exploration and development company focused on advancing a potentially world-class ionic Rare Earth Elements (REEs) discovery at its Boland Project in South Australia. The company is known for its innovative approach to mining, particularly through the use of in situ recovery (ISR) methods, which are low-cost and environmentally friendly. Cobra also has interests in gold mineralization, with significant resources in the Gawler Craton region.
Average Trading Volume: 1,256,947
Technical Sentiment Signal: Buy
Current Market Cap: £9.66M
See more insights into COBR stock on TipRanks’ Stock Analysis page.