Business
Ionic Rare Earth Mineralisation at Boland Prospect
Ionic Rare Earth Mineralisation at Boland Prospect.
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 \n11 September 2023\n \nCobra Resources plc\n(\"Cobra\" or the \"Company\")\n \nPositive Metallurgy Confirms Ionic Rare Earth Mineralisation at Boland Prospect, Wudinna\n&\nNew Tenement Applications to Increase Project Size\n \nCobra's Geological Concept Has Capacity to Change Future Supply of Critical REEs to Drive Decarbonisation\n \nCobra, a gold, rare earth and IOCG exploration company focused on the Wudinna Project in South Australia, is pleased to advise that metallurgical testwork carried out by the Australian Nuclear Science and Technology Organisation (\"ANSTO\") confirms Rare Earth Elements (\"REE\") mineralisation at the Boland palaeo-channel prospect to be cost-efficient, easily recoverable ionic adsorption rare earth clays.\n \nCobra can now attest to having highly desirable ionic rare earth mineralisation at Wudinna, where extraction is low-cost and yields high recoveries of heavy and magnet rare earths which the Company believes to be regionally scalable.\n \nAccordingly, the Company has made two further applications west of the Wudinna Project to establish itself as the dominant landholder on the Narlaby palaeo-channel.\n \nHighlights\n \n· Ionic metallurgy: testing by ANSTO demonstrates rapid recoveries by desorption leaching within 30 minutes using ammonium sulphate in weak acid conditions (pH4), with low acid consumption and low dissolution of gangue elements, where:\no Further increases in REE recovery are demonstrated through increased leach time (six hours) and a slight increase in acidity (pH3) where maximum extractions of 58% Magnet Rare Earth Oxides (\"MREOs\") and 65% Heavy Rar...