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Cobra Resources Plc ( (GB:COBR) ) has provided an update.
Cobra Resources plc has commenced resource-focused aircore drilling at its Boland Project in South Australia, marking the start of its 2025 program aimed at defining a scalable resource of rare earth elements. The initial drilling will cover 20 holes, contributing to a larger 12,000-meter program that supports the creation of a maiden resource, essential for future economic evaluations. This development follows successful metallurgical studies showing the feasibility of ISR mining, which could position the company as a leader in cost-effective rare earth production.
More about Cobra Resources Plc
Cobra Resources plc is a mineral exploration and development company focused on the discovery and extraction of rare earth elements and gold in South Australia’s Gawler Craton. The company’s Boland Project is noted for its potential in in situ recovery (ISR) mining, a method that reduces costs and environmental impact.
YTD Price Performance: 9.52%
Average Trading Volume: 2,023,024
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £9.2M
For a thorough assessment of COBR stock, go to TipRanks’ Stock Analysis page.
