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Final Results for the Year Ended 31 December 2025
Cobra Resources PLC announced its final results for the year ended 31 December 2025, highlighting significant progress at its Boland Rare Earth Project, where metallurgical studies confirmed the suitability of in situ recovery (ISR) and the company produced a high-grade Mixed Rare Earth Carbonate with an increased heavy rare earth content of 42.94%. The company also advanced its Manna Hill Copper Project, reporting standout drill intersections of 74m at 1.02% copper and 62m at 1.0% copper, leading to a proposal to exercise the acquisition option. Financially, Cobra completed the sale of its Wudinna Gold Assets for up to A$15 million and raised £4.68 million post-year-end to accelerate drilling and advance the Boland project. The company reported a profit before tax of £179,889 for the year, a significant improvement from a loss of £423,336 in the prior year, with basic earnings per share of £0.0002. Disclaimer*
About this update from Cobra Resources Plc
THIS 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. NOT 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. 30 April 2026 Cobra Resources plc ("Cobra" or the "Company") Final Results for the Year Ended 31 December 2025 Cobra (LSE: COBR), a South Australian mineral exploration and development company, announces its final results for the year ended 31 December 2025. Highlights Boland Rare Earth Project A bottom quartile cost opportunity · A staged programme of resource drilling within the palaeochannel system confirmed increased continuity of rare earth mineralisation and provided valuable geological and hydrogeological data that exceeded expectations and confirmed favourable conditions for in situ recovery (ISR) development. · Metallurgical studies also confirmed the suitability of the low-cost, low disturbance ISR extraction method. · Successfully produced the first Mixed Rare Earth Carbonate, with a heavy rare earth content of 14.5% - subsequent optimisation studies increased heavy rare earth content to 42.94% and 38.9% magnet rare earths with less than 0.9% impurities - this industry standout breakthrough puts Boland on the path towards ...
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