Cobra Resources Plc (GB:COBR) has released an update.
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Cobra Resources has successfully completed a second bench scale in situ recovery (ISR) study at its Boland Project in South Australia, demonstrating exceptional permeability and raising £1.7 million to further advance its rare earth element exploration. The funds will be used to enhance resource definition, regional exploration, and scaled ISR testing, potentially positioning Cobra as a competitive player in the rare earth market. With promising results and strong investor support, Cobra aims to accelerate the commercialisation of its low-cost ISR mining operation.
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