Cobra Resources Plc (LSE:COBR) has completed the divestment of its Wudinna Gold Assets to Barton Gold Holdings Ltd, securing an upfront consideration of A$1 million in both cash and shares. The agreement also provides for additional staged cash and share payments, giving Cobra further upside potential as Barton begins exploration and resource expansion work on the project. This structure offers Cobra the opportunity to benefit from future value creation through its equity interest in Barton Gold.
About Cobra Resources Plc
Cobra Resources is a mineral exploration and development company advancing a potentially world-class ionic Heavy Rare Earth Element (HREE) discovery at its Boland Project in South Australia. The company is at the forefront of deploying in situ recovery (ISR) techniques for rare earth mining—a cost-effective, low-impact approach that avoids traditional excavation. Alongside its rare earths focus, Cobra also controls significant gold resources, including its Wudinna tenements, which host extensive orogenic gold mineralization.
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