Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Cobra Resources Plc ( (GB:COBR) ) has provided an announcement.
Cobra Resources Plc has announced promising initial results from its step-out drilling at the Boland Project, indicating rare earth enrichment across a scalable footprint. The results confirm mineralization continuity within palaeochannel sediments, which are suitable for low-cost ISR mining. The company plans further drilling to expand the tested area and enhance resource definition. These developments are expected to lower mining costs and environmental risks, potentially increasing shareholder value as Cobra advances towards economic scoping of the asset.
More about Cobra Resources Plc
Cobra Resources Plc is a mineral exploration and development company focused on discovering and advancing rare earth elements (REEs) and gold mineralization projects. The company is primarily engaged in the exploration of its Boland Project in South Australia, which is notable for its potential in ionic rare earth elements and is the only rare earth project in Australia amenable to in situ recovery (ISR) mining. This method allows for low-cost and low-disturbance extraction, positioning Cobra to redefine the cost structure of rare earth production.
YTD Price Performance: 4.55%
Average Trading Volume: 1,801,373
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £9.2M
See more data about COBR stock on TipRanks’ Stock Analysis page.