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Cobra Resources Plc ( (GB:COBR) ) has issued an update.
Cobra Resources has announced further promising results from its in situ recovery (ISR) testing at the Boland Project, highlighting low-cost extraction and high recoveries of Magnet and Heavy Rare Earths. The positive metallurgy results indicate the project’s potential to become a competitive asset in the REE market. The company is preparing for resource drilling to assess the mineralization footprint and support economic evaluations through a scoping study, which could enhance its positioning in the REE industry.
More about Cobra Resources Plc
Cobra Resources Plc is a mineral exploration and development company focusing on the discovery and advancement of ionic Rare Earth Elements (REEs) at its Boland Project in South Australia. The company aims to leverage its unique geological positioning to tap into the global REE market, emphasizing low-cost and efficient extraction processes.
YTD Price Performance: 9.52%
Average Trading Volume: 2,023,024
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £9.2M
See more insights into COBR stock on TipRanks’ Stock Analysis page.
