Cobra Resources PLC (LSE:COBR) has reported encouraging early findings from a re-evaluation of historic drilling data at its newly acquired tenement within the Yaninee Palaeochannel system. The results point to a substantial extension of the company’s ionic rare earth element (REE) system, including the identification of two large zones with higher-grade mineralization—potentially boosting the project’s overall scale and commercial appeal.
These developments suggest strong potential for cost-effective extraction through In Situ Recovery (ISR), a method known for its minimal environmental impact and efficiency. Cobra intends to focus upcoming drilling campaigns on the most promising areas identified so far, as it seeks to further enhance the scale and significance of the project.
About Cobra Resources PLC
Cobra Resources is a UK-listed mineral exploration and development company with a focus on rare earth elements, particularly dysprosium and terbium. Its flagship project, the Boland Project in South Australia, leverages ISR technology to extract REEs from the Pidinga Formation—a geologic setting well-suited for this sustainable and low-cost mining technique. The company is committed to advancing its position in the growing global rare earth supply chain.
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