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ISR Bench Scale Study Update
ISR Bench Scale Study Update.
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 \n28 August 2024\n \nCobra Resources plc\n(\"Cobra\" or the \"Company\")\n \nISR Bench Scale Study Update\n \nExceptionally high recoveries with low impurities and low acid consumption; on path to disrupt global supply of heavy rare earths\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 in South Australia, is pleased to announce the following results from ongoing metallurgical studies:\n \n· Exceptionally high recoveries of high value rare earths of up to 82%\n· High recoveries achieved with low levels of impurities (deleterious elements) and low levels of acid consumption\n· Positive progress supports low impact, low cost In Situ Recovery (\"ISR\") mining\n \nCobra has made a regionally scalable ionic rare earth discovery where high grades of valuable Heavy Rare Earths (\"HREOs\") and Magnet Rare Earths (\"MREOs\") occur concentrated in a permeable horizon confined by impermeable clays. This unique geology is amenable to ISR which has been successfully used for decades to recover uranium from geologically similar systems in South Australia. Cobra is working to demonstrate that, with modification, ISR techniques will enable non-invasive and low-cost production of critical REEs from its Boland discovery. \n \nThe Australian Nuclear Scientific and Technical Organisation (\"ANSTO\") is conducting diagnostic and bench scale ISR trials on core samples from Boland. The results from this testing will form the basis of engineering and economic evaluation for t...