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Cobra Resources Plc ( (GB:COBR) ) has issued an announcement.
Cobra Resources PLC announced the successful production of a mixed rare earth carbonate (MREC) at laboratory scale from its Boland Project in South Australia. This milestone highlights the project’s potential for low-cost operations due to its amenability to in situ recovery, and positions Cobra as a competitive player with high TREO grades. The company is optimistic about the project’s future profitability and strategic importance, as it prepares for further drilling and development, aiming to enhance recovery rates and shareholder value.
More about Cobra Resources Plc
Cobra Resources PLC is a mineral exploration and development company focused on advancing an ionic Rare Earth Elements (REEs) discovery at its Boland Project in South Australia. The company is engaged in producing mixed rare earth carbonate (MREC) and is known for its exploration of strategic metals with an emphasis on environmentally considerate mining practices.
YTD Price Performance: 0%
Average Trading Volume: 1,841,206
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £8.8M
Find detailed analytics on COBR stock on TipRanks’ Stock Analysis page.
