Cobra Resources Plc (GB:COBR) has released an update.
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Cobra Resources Plc has announced promising results from their in situ recovery (ISR) bench scale testing at the Boland project in South Australia, revealing high-grade rare earth elements suitable for low-cost, low-impact ISR mining. The company is nearing completion of metallurgical testing, which indicates the potential for a scalable and environmentally friendly extraction of critical rare earth metals. These developments affirm the company’s strategy to become a low-cost producer in the rare earth sector, with full results anticipated by the end of June 2024.
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