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Rare Earth Metallurgy Update – Head Prospect
Cobra Resources plc has announced favourable metallurgical test results from its Head Prospect, indicating significant scalability for low-cost in-situ recovery of rare earth elements. Diagnostic tests on composite samples from the Pidinga Formation showed excellent recoveries, comparable to Boland's early-stage results, with a sample composite of 977ppm TREO yielding recoveries of 48% Nd, 47% Pr, 52% Dy, and 54% Tb. The Head Prospect is a large target area approximately 20km south of the Boland Project, and planning is underway for resource-focused drilling to commence in March 2026. These findings support the company's strategy to define a scalable resource across its extensive landholding. Disclaimer*
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 \n4 February 2026\n \nCobra Resources plc\n(\"Cobra\" or the \"Company\")\n \nRare Earth Metallurgy Update - Head Prospect\n \nFavourable metallurgy from the Head Prospect supports scale for low-cost in-situ recoverable rare earths\n \nCobra (LSE: COBR), the mineral exploration and development company advancing a potentially world-class ionic Rare Earth Element (\"REE\") discovery at its Boland Project (\"Boland\") in South Australia, is pleased to advise that metallurgical tests on historical pulps from the Head Prospect (\"Head\") are indicative of significant scalability beyond Boland for low-cost in-situ recovery (\"ISR\") of ionic heavy REEs.\n \nHead is one of the priority t...