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Koba Resources Limited ( (AU:KOB) ) has shared an update.
Koba Resources has expanded its high-grade uranium discovery at the Everest Prospect within the Yarramba Uranium Project in South Australia, increasing the strike length of defined mineralisation by 50% to 6km. The latest drilling delivered the thickest and highest-grade intersections to date, including multiple intervals above 1,000ppm eU3O8, and confirmed Everest’s proximity to established uranium assets owned by Boss Energy.
The program also identified a new mineralised zone dubbed the Everest Bend, where drilling on lines spaced about 1km apart suggests substantial scope for further discoveries. With drilling still broadly spaced and planning underway for the next phase in the second half of 2026, the results underscore the potential scale of Yarramba’s uranium system and may enhance Koba’s strategic standing in the Australian uranium sector.
More about Koba Resources Limited
Koba Resources Limited is an Australian exploration company focused on uranium projects, with its key asset being the Yarramba Uranium Project in South Australia. The company is targeting high-grade uranium mineralisation within extensive interpreted palaeochannels, positioning itself near existing uranium infrastructure and deposits such as Boss Energy’s Jason Deposit and Honeymoon Uranium Mine.
Average Trading Volume: 399,802
Technical Sentiment Signal: Sell
Current Market Cap: A$10.28M
Learn more about KOB stock on TipRanks’ Stock Analysis page.