5 October 2026
Cobra Resources plc
("Cobra" or the "Company")
Exercise of Warrants
Cobra (LSE: COBR), a South Australian mineral exploration and development company advancing the Wudinna Rare Earths Project and the Manna Hill Copper Project, announces that it has received notices of the exercise of warrants ("Warrants") to subscribe for a total of 1,652,174 new Ordinary shares of nominal value 1 pence each ("New Ordinary Shares"). The total consideration has been paid to the Company in connection with the exercise of 1,000,000 Warrants at 2.0 pence per new Ordinary Share, and 652,174 Warrants at 2.3 pence per new Ordinary Share. The New Ordinary Shares were issued under the Company's existing block listing and following the issue the total issued share capital will comprise 1,091,349,066 Ordinary Shares.
Enquiries:
|
Cobra Resources plc Rupert Verco (Australia) Dan Maling (UK) |
via Vigo Consulting +44 (0)20 7390 0234 |
|
Hannam & Partners (Joint Broker) Leif Powis Andrew Chubb |
+44 (0)20 7907 8500 |
|
SI Capital Limited (Joint Broker) Nick Emerson Sam Lomanto |
+44 (0)1483 413 500 |
|
Vigo Consulting (Financial Public Relations) Ben Simons George Pope |
+44 (0)20 7390 0234 cobra@vigoconsulting.com |
The person who arranged for the release of this announcement was Rupert Verco, Managing Director of the Company.
About Cobra
Cobra Resources is developing two South Australian critical minerals opportunities: the Wudinna ionic rare earth project and the Manna Hill copper project.
At Wudinna, Cobra is advancing a rare earth discovery that is amenable to low-cost, low-disturbance controlled-aquifer in situ recovery (ISR), with the potential to progress towards small-scale production and bottom-quartile recovery costs, becoming the Western World's first rare earths ISR operation.
Cobra is also advancing the Manna Hill copper project in the Nackara Arc, where multiple underexplored prospects offer potential for large-scale copper-gold discoveries, including shallow skarn mineralisation and deeper porphyry potential.
Cobra also holds a significant shareholding in Barton Gold (ASX: BDG), following the 2025 sale of its non-core gold assets for A$15 million in cash and shares.
Regional map showing Cobra's tenements in South Australia
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