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Cobra Resources Plc ( (GB:COBR) ) has shared an announcement.
Cobra Resources has reported positive Induced Polarisation survey results from the Blue Rose prospect within its Manna Hill Project in South Australia, reinforcing the interpretation of a scalable copper-gold skarn and porphyry system in a region that hosts the majority of Australia’s proven copper reserves. The survey has defined two substantial new chargeability targets – the Black Baccara porphyry target and the 1.2 km-long Neptune Rose skarn target – and has enabled the company to refine drill targets, with site preparation complete and a drilling programme of up to 50 holes, including at least 15 to be drilled in mid-January, aimed at testing strike and depth continuity of existing mineralisation, confirming a second skarn system, and probing deeper porphyry-related structures, with results anticipated by early March.
The most recent analyst rating on (GB:COBR) stock is a Hold with a £4.50 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 critical minerals developer focused on advancing pre-production assets, including the Boland ionic rare earth discovery at its Wudinna Project in the Gawler Craton, described as Australia’s only rare earth project suitable for low-cost, low-disturbance in-situ recovery mining. The company is also expanding its copper and gold exploration portfolio through projects such as Manna Hill, located within one of Australia’s most significant copper regions and proximate to key transport and processing infrastructure.
Average Trading Volume: 1,499,655
Technical Sentiment Signal: Buy
Current Market Cap: £43.52M
Learn more about COBR stock on TipRanks’ Stock Analysis page.