Cobra Resources Plc (GB:COBR) has released an update.
Cobra Resources Plc has recently announced promising re-assay results which confirm high-grade rare earth element (REE) mineralization over a large scale at their Boland prospect within the Wudinna Project in South Australia. These findings coincide with the successful completion of a £600,000 fundraising effort, aimed at further developing their mining strategy, particularly the low-cost in situ recovery (ISR) method. The company has drawn attention to the potential of Boland to significantly impact the cost and environmental aspects of magnet and heavy REE mining.
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