Business
Boland Rare Earth Project Update
Cobra Resources plc has completed the acquisition of Exploration Licences 6742, 6774, and 6780, significantly expanding the Boland Rare Earth Project's resource growth potential. The company has received formal tenement transfer documentation and is expediting environmental and regulatory applications to commence drilling on priority targets, Head and Gillespie, which show potential for paleochannel hosted REEs amenable to in situ recovery. Preliminary diagnostic tests from historical samples are expected in February, with a final optimised Mixed Rare Earth Carbonate anticipated by the same month to support offtake discussions. Drilling is planned to commence in late February, aiming to inform resource estimation by June-July and an economic scoping study by July-August. Disclaimer*
About this update from Cobra Resources Plc
[{"type":"text","content":"\n\n \n \n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (\"UK MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.\n \n26 January 2026\n \nCobra Resources plc\n(\"Cobra\" or the \"Company\")\n \nBoland Rare Earth Project Update\n \nFormal tenement assignment completed for land expansion; approval process being expedited to drill new targets\n \nCobra (LSE: COBR), the mineral exploration and development company advancing a potentially world-class ionic Rare Earth Element (\"REEs\") discovery at its Boland Project (\"Boland\") in South Australia, is pleased to advise that the acquisition of Exploration Licences 6742, 6774 and 6780 (the \"New Tenements\") from the Tri-Star Group Pty Ltd (\"Tri Star\") announced on 27 May 2025 has now completed. The land acquisition significantly expands the resource growth potential of Boland.\n \nKey Points\n \nLicencing, Permits and Approvals\n \n· The Company has received formal documentation for the transfer of the New Tenements from Tri Star.\no This enables the Company to progress towards drill testing of priority targets, Head and Gillespie, where re-analysis of historical uranium focused exploration has delineated large target areas of paleochannel hosted REEs within geological formations that are amenable to in situ recovery (\"ISR\").\no Environmental and regulatory applications are being expedited to support resource and exploration drilling.\no Community and land access procedures are underway to enable drilling to commence before cropping activities occur in late April.\no Native title Mining Agreement has already been assigned.\n· Permits and approvals in place to commence further resource drilling.\n \nMetallurgy and Flow She...