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LSE:COBR

Cobra Resources Plc

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Market:
LSE
Price
0.98 GBX
Day Change
0.26%
Market Cap:
£6.52 m
52 weeks high
1.70
52 weeks low
0.70

In brief

Cobra Resources Plc is a gold, rare earth, and IOCG exploration company whose shares are listed on the main market of the London Stock Exchange.

The company is defining a unique multi-mineral resource at the Wudinna Project in South Australia's Gawler Craton, a tier one mining and exploration jurisdiction which hosts several world-class mines. Cobra's Wudinna tenements, totalling 3,261 km2, contain extensive orogenic gold mineralisation and are characterised by potentially open-pitable, high-grade gold intersections, with ready access to infrastructure. Cobra has 22 orogenic gold targets outside of the current 211,000 Oz gold JORC Mineral Resource Estimate.

In 2021, Cobra discovered rare earth mineralisation proximal to and above the gold mineralisation which has been demonstrated to be regionally scalable. In 2023, Cobra published a maiden rare earth JORC Mineral Resource Estimate of 20.9 Mt at 658 ppm Total Rare Earth Oxides enabling a strategic baseline to advance an economically beneficial combination of gold and rare earth resources.