Cobra Resources nears completion of latest round of drilling at Clarke prospect
Following the drilling, a resource update is expected early in the new year
Company
Cobra Resources Plc
LON:COBR
In 2023, Cobra discovered a rare earth deposit with the potential to re-define the cost of rare earth production. The highly scalable Boland Project in South Australia’s Gawler Craton is Australia’s only ionic rare earth project with the potential for in situ recovery (ISR) mining – a low-cost, low-disturbance method. Cobra is focused on de-risking the investment value of the discovery by proving ISR as the preferred mining method which would eliminate challenges associated with processing clays and provide Cobra with the opportunity to define a low-cost pathway to production. Cobra’s Wudinna Project tenements also contain extensive orogenic gold mineralisation, including a 279,000 Oz JORC Gold Mineral Resource Estimate, characterised by potentially open-pitable, high-grade gold intersections. Cobra’s extensive Western Eyre Peninsula landholding contains a number of defined sandstone hosted uranium occurrences amenable to ISR mining. The company aims to develop and grow these uranium assets as it works to define the scale of ionic REEs across the landholding.
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Cobra Resources says reverse circulation drilling to start soon at Clarke prospect
Driiling is expected to produce sufficient results to inform an updated gold resource estimate and contribute to a maiden rare earth resource estimate
Cobra Resources reports big increase in rare earths footprint at Wudinna
The combined REE footprint at Clarke, Baggy Green and Thompson has increased to over 22.5 sq km from 4 sq km previously
Cobra Resources on track for Wudinna earn-in
Work underway currently includes a 2,000m drill programme at Clarke
Cobra Resources reveals further results from aircore drilling at Wudinna
"The aircore programme has been highly successful, demonstrating grades, widths, and scalability of a highly desirable magnet rare earths province," Rupert Verco, chief executive, said
Cobra Resources says further drilling results from Wudinna indicate emerging rare earth mineral province
"These results further validate our belief that the Wudinna project is a potentially significant, high-value rare earth jurisdiction,” said chief executive Rupert Verco
Cobra Resources says results from Clarke prospect 'exceptional'
“Over a six-month period, we have unveiled an exceptional value-add opportunity with rare earth mineralisation,” said chief executive Rupert Verco
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Cobra Resources reports exceptional high-grade REEs from re-analysis of historic drilling at Wudinna
“The reported rare earth grades and widths to date demonstrate that the Wudinna project is potentially a world-class rare earth province,” said chief executive Rupert Verco
Cobra Resources starts aircore drilling at Wudinna gold/rare earths project
Recent drilling at Wudinna discovered rare earth mineralisation close to and above gold mineralisation
Cobra Resources posts final results for 2021, looks forward to further exploration on Wudinna
Grades of both rare earths and gold have been highly encouraging
Cobra Resources says REEs intersected across broad region connecting two prospects at Wudinna
Cobra has re-analysed drillholes from historic drilling at the two prospects
Cobra Resources granted exploration tenement next to Wudinna project
The new tenement is considered highly prospective for gold and rare earth mineralisation
Cobra Resources buying interest rises on strong drilling results
The gold exporter will publish outcomes from a further 104 holes at two different projects later this month
Cobra Resources to focus on expanding recent rare earths discovery, updating gold resource at Wudinna
Cobra has intercepted rare earth elements as well as gold mineralisation on Wudinna's Clarke prospect
Cobra Resources raises £945,000 from placing
The participation of South Australia-based Taylor Collison was is a result of considerable interest from Australian investors arising from the recent rare earths discovery at the Clarke prospect, within Wudinna
Cobra hits gold and rare earths in latest round of drilling at Clarke
The company considers the discovery of rare earths overlaying gold mineralisation to be significant, with grades and intercept widths comparable to other rare earth projects of considerable market value