Cobra Resources PLC (LSE:COBR) is back in the field exploring after unseasonably wet weather om South Australia caused minor delay, but now, chief executive Rupert Verco says “its nice to be back out there getting work done again”.
He says the company remains in line to achieve its stated ambition to define a rare earth resource at the by the end of the calendar year, whilst the estimation of gold resources may follow shortly after.
Verco added that the company was fortunate to have been well supported by investors, in its recent fundraise, and that looking into 2023 the company is now in a “great position” to fast-track exploration in the new year.
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