Business
Exploration Tenement Granted
Exploration Tenement Granted.
About this update from Cobra Resources Plc
[{"type":"text","content":"\n \n \n THIS 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 \n \n \n \n \n NOT 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 \n \n \n \n \n 25 July 2022 \n \n \n \n \n \n \n Cobra Resources plc\n \n \n \n (\"Cobra\" or the \"Company\")\n \n \n \n \n \n \n \n Exploration Tenement Granted\n \n \n \n \n \n \n \n Cobra (LSE: COBR), a gold, IOCG, and rare earth exploration company focused on the Wudinna Project in South Australia, is pleased to announce it has been granted a package of exploration tenements under EL 6806 totalling 893 km2 that are proximal to or contiguous with the Wudinna Project.\n EL 6806 complements the Company's existing strategy, with the newly acquired ground considered highly prospective for gold and clay hosted rare earth mineralisation.\n \n \n \n \n \n Tenement EL 6806 is held 100% by Cobra's wholly owned Lady Alice Mines Pty Ltd subsidiary. The addition of the tenement consolidates Cobra's position as a major land holder within the Gawler Craton, the oldest and largest geological province in South Australia, with exclusive exploration rights across 1,429 km2 of highly prospective ground, and a further 1,832 km2 of exploration rights held under the Wudinna Heads of Agreement with Andromeda Metals Limited.\n \n \n \n \n \n The Company's application for EL 6806 was previously announced on 13 April 2022 under the application code ELA 2022/00006, with the total area granted having been revised from\n 925 km2\n to\n 893 km2\n following a revision of boundaries.\n \n \n \n \n \n Rupert Verco, CEO of Cobra, commented:\n \n \n \n \n \n \"EL 6806 consolidates Cobra Resources' position as a major player in the highly prospective Gawler Craton, a tier 1 mining jurisdiction of South Australia. Whilst the souther...