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Cobra Resources Plc ( (GB:COBR) ) has provided an update.
Cobra Resources has begun a Stage 1 drilling programme at the Manna Hill copper-gold project in South Australia, where it holds a 12‑month option to acquire the asset and is targeting scale at the high‑grade Blue Rose prospect and nearby Neptune Rose and Black Baccara targets. With approvals to drill up to 50 holes, the initial 3,000‑metre campaign will test continuity of previously defined shallow skarn mineralisation and investigate geophysical anomalies interpreted as porphyry and structural targets, with results due in March and potential follow‑up drilling contingent on geological observations, underscoring Cobra’s bid to secure a scalable copper discovery in a favourable jurisdiction and broaden its project pipeline beyond its rare earth interests.
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 is a South Australian critical minerals developer focused on advancing assets along the pre-production pathway. Its portfolio includes the Boland ionic rare earth discovery at the Wudinna Project, the only rare earth project in Australia currently suited to in situ recovery mining, and the Manna Hill Copper Project in the Nackara Arc, which hosts multiple underexplored copper prospects. The company has also monetised its Wudinna gold assets through a sale to Barton Gold for up to A$15 million, sharpening its focus on critical minerals and large-scale copper opportunities in a jurisdiction that holds the majority of Australia’s copper reserves.
Average Trading Volume: 1,425,732
Technical Sentiment Signal: Buy
Current Market Cap: £38.37M
Find detailed analytics on COBR stock on TipRanks’ Stock Analysis page.