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Completion of Sonic Drilling at Boland
Completion of Sonic Drilling at Boland.
About this update from Cobra Resources Plc
[{"type":"text","content":"\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 \n12 May 2025\n \nCobra Resources plc\n(\"Cobra\" or the \"Company\")\n \nCompletion of Sonic Drilling at Boland\n \nCobra (LSE: COBR), the mineral exploration and development company advancing a potentially world-class ionic Rare Earth Elements (\"REEs\") discovery at its Boland Project (\"Boland\") in South Australia, announces that it has completed a 10-hole, 423m sonic core drilling programme at Boland.\n \nAt Boland, ionically bound REEs enriched in dysprosium and terbium occur within permeable sands and are amenable to in situ recovery (\"ISR\"), a low-cost, low impact mining process with high environmental stewardship.\n \nHighlights\n \n· All holes intersected the targeted Pidinga formation, where coarse sands contain fine organics that host ionic REE mineralisation amenable to ISR mining\n· Intersections of the mineralisation horizon varied between 1-3m\n· Metallurgy samples have been collected and submitted to Australia's Nuclear Science and Technology Organisation (\"ANSTO\") for analysis, with results anticipated later this month\n· Two further wells were installed to support a planned field permeability study and a future pilot study\n· Assay results are expected in early June 2025\n \nRupert Verco, Managing Director of Cobra, commented:\n \n\"We are pleased to have completed sonic core drilling at Boland and thank Star Drilling for their services during the programme. This work is a key step in our strategy to deliver a rare earth Mineral Resource Estimate at Boland this year, and we look forward to announcing the full resu...