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Resource Drilling Completed at Rare Earths Project
Cobra Resources PLC has completed resource definition drilling at its Wudinna rare earth prospects, Boland and Head, with 74 drillholes totaling approximately 3,200 meters. Initial assays from Boland show encouraging REE ionic mineralisation, with specific intersections like 5.2m at 1,674 ppm TREO in CBSC0016, supporting the potential for a high-value resource amenable to low-cost in situ recovery. The company is also analyzing samples for Total Organic Carbon and total sulphide content to further support projected bottom quartile production costs. Further results are expected in the coming months, with independent consultants engaged for Mineral Resource Estimate and Scoping Studies. 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. 5 May 2026 Cobra Resources plc ("Cobra" or the "Company") Resource Drilling Completed at Rare Earths Project Initial assays support high value resource at Boland Cobra (LSE: COBR), a South Australian mineral exploration and development company, is pleased to announce that resource definition drilling has been completed across its Wudinna rare earth prospects, Boland and Head. A total of 74 drillholes (~3,200m) have been drilled at Boland and Head, designed to support an initial Mineral Resource Estimate ("MRE") for the project's unique, controlled aquifer-hosted ionic rare earth element ("REE") mineralisation which is amenable to low-cost in situ recovery ("ISR"). All samples have been submitted for ...
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