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Cobra Resources Plc ( (GB:COBR) ) has shared an announcement.
Cobra Resources Plc has announced promising initial results from metallurgical testing at its Boland Project, aimed at optimizing the recovery of rare earth elements. The tests, conducted by the Australian Nuclear Scientific Technology Organisation, demonstrated high recovery rates of up to 93% for certain elements using low-cost inputs, indicating a potential pathway to cost-effective production. These findings are expected to enhance exploration targeting, resource characterization, and future mine optimization, positioning Cobra favorably in the rare earths market.
More about Cobra Resources Plc
Cobra Resources Plc is a mineral exploration and development company focused on advancing its world-class ionic Rare Earth Element (REE) discovery at the Boland Project in South Australia. The company is engaged in optimizing its mining processes to enhance the recovery and value of rare earth elements, particularly dysprosium and terbium, which are critical for various high-tech applications.
Average Trading Volume: 1,836,863
Technical Sentiment Signal: Buy
Current Market Cap: £20.19M
For a thorough assessment of COBR stock, go to TipRanks’ Stock Analysis page.