Cobra Resources (LSE: COBR)

Last close As at 08/05/2024

GBP0.01

−0.08 (−7.41%)

Market capitalisation

GBP8m

Cobra Resources is an LSE-listed minerals explorer with gold and rare earth deposits in the Gawler Craton in South Australia. It is developing flowsheet options for its Boland deposit, which appears to have the potential for in situ recovery, generally associated with lower capital and operating costs.

Latest Insights

Metals & Mining | Update

Cobra Resources — Exploring a potential game changer

Key Management

  • Rupert Verco

    CEO

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 5.3 5.3 (31.0)
Relative 0.4 (3.1) (35.3)
52 week high/low 1.4p/0.8p

Financials

Cobra Resources is an exploration company focused on developing a rare earths deposit in South Australia, with a potentially low-cost method of production through in situ recovery (ISR). ISR is a proven, low-cost method of extraction in the uranium industry and dominates the bottom third of the uranium cost curve. Its scope for lower capital and operating costs is potentially a game changer for rare earth extraction, where Western producers are struggling with cost inflation and volatile commodity prices. Upcoming catalysts include progressions in circuit design and advancement towards a maiden resource at its Boland deposit.

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