Business
Half Year Results
Cobra Resources PLC reported an unaudited operating loss of £448,128, equating to a loss per share of £0.0006 for the six months ended June 30, 2025. This compares to a loss of £382,938 for the same period in 2024, with a loss per share of £0.0005. As of June 30, 2025, the company's available cash stood at £841,842. Post period, the company raised £558,426.76 through the exercise of 22,290,196 warrants. The company also completed the sale of its Wudinna Gold Assets for up to A$15 million to Barton Gold in cash and shares. Additionally, Cobra secured an option to acquire the Manna Hill Copper Project. Disclaimer*
About this update from Cobra Resources Plc
[{"type":"text","content":"\n\n\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 \n25 September 2025\n \nCobra Resources plc\n(\"Cobra\" or the \"Company\")\n \nHalf Year Results for the Six Months Ended 30 June 2025\n \nCobra (LSE: COBR), a mineral exploration and development company advancing a potentially world-class ionic Rare Earth Elements (\"REEs\") discovery and a massive scale copper-gold project, announces its financial results for the six months ended 30 June 2025 (\"H1 2025\").\n \nH1 Highlights:\n \n· Continued staged aircore and sonic resource drilling programme at Boland confirming increased continuity of rare earth mineralisation within the Palaeochannel system\n· Lab-scale production of first mixed rare earth carbonate (MREC), with industry standout grades, low impurities, and strong recoveries\n· Expanded Palaeochannel landholding by 36% to ~3,365 km² through licence acquisitions, adding highly prospective palaeochannel ground in the same geological setting as Boland\n \nPost Period End\n \n· Sonic drilling results from Boland exceeded expectations with favourable geology for ISR\n· Excellent results from metallurgical testwork, with bulk sampling across Boland confirming high recoveries of dysprosium and terbium whilst reducing input cost with weaker acidities and lower molarity lixiviants; flowsheet optimisation underway\n· Re-analysis of historical drill holes on newly acquired Yaninee and Narlaby palaeochannel tenements define three large scale, expanding project scale and supporting enlarged resource drilling for MRE\n· Record-breaking r...