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Cobra Resources Plc ( (GB:COBR) ) has issued an update.
Cobra Resources has received environmental approval from the South Australian Government for its exploration program at the Boland wellfield, enabling field testing to commence in mid-October. This testing aims to confirm the productive flow rates achieved in laboratory ISR studies, which could provide robust mining parameters for future economic studies. The company is also conducting a large-scale ISR column study at ANSTO, achieving exceptional permeability rates, which are crucial for estimating future ISR production rates. The results of these tests are expected to impact Cobra’s operational capabilities and industry positioning, particularly in the rare earth elements sector.
More about Cobra Resources Plc
Cobra Resources is a South Australian critical minerals developer focusing on assets at all stages of the pre-production pathway. The company is advancing the Boland ionic rare earth discovery at its Wudinna Project, which is Australia’s only rare earth project suitable for in situ recovery (ISR) mining. This method is low-cost and low-disturbance, eliminating the need for excavation. In 2025, Cobra expanded its portfolio with the Manna Hill Copper Project and sold its Wudinna Gold Assets.
Average Trading Volume: 3,401,400
Technical Sentiment Signal: Buy
Current Market Cap: £31.7M
For a thorough assessment of COBR stock, go to TipRanks’ Stock Analysis page.