Announcement Date: 2023-06-12
Announcement Type: Drilling Results
Announcement Code: (other Code)
Company name: Cobra Resources Plc
Project name: Wudinna
Location: Australia
Commodities: Rare Earth
Highlight: Drilling results incl. 18m at 1123ppm RE from 21m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Cobra, a gold, rare earth and IOCG exploration company focused on the Wudinna Project in South Australia, announces rare earth results from Reverse Circulation (“RC”) and Aircore (“AC”) drilling, which will support further Rare Earth Elements (“REE”) resource growth at the Company’s unique and complementary gold and REE resource. Drilling results demonstrate significant potential for resource extensions in multiple directions, with intervals up to 25m and Total Rare Earth Oxides (“TREO”) grades of up to 3,568 ppm. Results will be incorporated in a rare earth mineral resource update, which is scheduled to be published once the update to the existing gold Mineral Resource Estimate (“MRE”) has been completed, expected in the second half of the year.
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