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Drilling Defines REE Resource Extension Potential
Drilling Defines REE Resource Extension Potential.
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 June 2023\n \nCobra Resources plc\n(\"Cobra\" or the \"Company\")\n \nDrilling Defines REE Resource Extension Potential\n \nCobra, a gold, rare earth and IOCG exploration company focused on the Wudinna Project in South Australia, announces rare earth results from Reverse Circulation (\"RC\") and Aircore (\"AC\") drilling, which will support further Rare Earth Elements (\"REE\") resource growth at the Company's unique and complementary gold and REE resource.\n \nDrilling results demonstrate significant potential for resource extensions in multiple directions, with intervals up to 25m and Total Rare Earth Oxides (\"TREO\") grades of up to 3,568 ppm. Results will be incorporated in a rare earth mineral resource update, which is scheduled to be published once the update to the existing gold Mineral Resource Estimate (\"MRE\") has been completed, expected in the second half of the year.\n \nHighlights:\n \n· CBAC0134: 18m at 1,123 ppm TREO from 21m, where the Magnet Rare Earth Oxide (\"MREO\") equates to 21% of the TREO, including 3m at 3,568 ppm TREO, where the MREO equates to 21%\n \n· CBAC0109: 25m at 739 ppm TREO from 12m, where the MREO equates to 26%, including 9m at 1,187 ppm TREO, where the MREO equates to 28%\n \n· CBAC0114: 21m at 736 ppm TREO from 15m, where the MREO equates to 24%, including 3m at 1,298 ppm TREO, where the MREO equates to 22%\n \n· CBAC0147: 9m at 977 ppm TREO from 12m, where the MREO equates to 19%, including 3m at 1,719 ppm TREO, where the MREO equates to 19%\n \n· CBAC0102: 4m at 831 ppm TREO from 14m...