Cobra Resources Plc (GB:COBR) has released an update.
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Cobra Resources Plc has announced encouraging re-assay results from its Boland discovery, affirming the continuity and scalability of rare earth mineralization conducive to in situ recovery (ISR) mining. The results show potential for a significant footprint expansion of the mineralization, with high-grade intersections and a unique geology that supports ISR as a low-cost, environmentally friendly mining method. The company anticipates full metallurgical testing results in June and is advancing towards a maiden resource at Boland, with a strategic focus on establishing a cost-effective production pathway.
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