Cobra Resources
Primary ticker: LON:COBR
Stage of development: Exploration
Primary minerals: Rare Earths, Gold, Uranium
Project to promote: Boland Project, Wudinna Project
Project location: Australia
Website: cobraplc.com
In 2023, Cobra discovered a rare earth deposit with the potential to re-define the cost of heavy rare earth production, including dysprosium and terbium. Cobra’s highly scalable Boland ionic rare earth project in South Australia’s Gawler Craton is the only rare earth project outside of China that is amenable for low-cost, low-disturbance in situ recovery (ISR) mining.
Cobra’s Wudinna Project tenements also contain extensive orogenic gold mineralisation and are characterised by potentially open-pitable, high-grade gold intersections, with ready access to infrastructure. Cobra has 22 orogenic gold targets outside of the current 279,000 Oz gold JORC Mineral Resource Estimate.
Cash: GBP 0.43M
Debt:Nil
Major shareholders:
Nortrust Nominees Ltd – 11.03% (Bruce Parncutt is the ultimate beneficial owner)
Craig P Ball and Suzanne K Ball – 10.70%
David Clarke (Director) – 10.58%
Ausum Pty Ltd – 6.04%
Management ownership – 12.14%
Financials
Management Profile
Rupert Verco BSc. Hons
Managing Director & Chief Executive Officer – Fellow of the Australasian Institute of Mining and Metallurgy. A mining specialist with over 17 years’ experience in Australia and internationally. His key areas of focus include resource definition, reserve optimisation, mine planning, and mine operation. He has managed operations through all phases of the mining cycle on projects that cover a range of commodities including gold, copper, uranium, tin, and iron ore.
David Clarke
Director, Business Development & Asset Marketing – Geologist with more than 50 years of professional experience and more than 25 years’ experience as a director of Australian public companies. He was previously a senior geologist with the Commonwealth Department of the Interior and a Chief Geologist at Santos Limited. He was also the founder and Chairman of Australian Vintage Limited, a winemaking company based in the Riverland of South Australia. David was the founder, and remains a co-owner of, Thorn-Clarke Wines, a family-owned wine producer in the Barossa Valley of South Australia. He has been a Non-Executive Director of the Company since 1 May 2020 and became an Executive Director on 18 March 2024.
What is your rationale for taking part in 121 Mining Investment?
Heavy rare earths and gold are two of the most talked about commodities. Cobra’s projects are located in a top South Australian mining jurisdiction. The company’s unique ionic rare earths discovery at the Boland Project is highly scalable and could reshape the global supply of magnet and heavy rare earths, eliminating the cost and environmental challenges of other rare earth projects. The company also has a shallow gold resource with low-cost, open pit extraction potential. As Cobra is advancing Boland towards commercialisation, the company endeavours to increase investor exposure targeting retail interest and growing relationships with institutional investors. The company anticipates further drilling results and project news being announced to the market ahead of the 121 Conference.
What recent news would you like to highlight to investors attending?
10 April 2025 – Updates re Rare Earth & Gold Projects
7 April 2025 – Response to China’s Rare Earths Export Controls
12 March 2025 – Remaining Stage-1 Boland Aircore Drill Results
25 February 2025 – Boland Aircore Drill Results
28 January 2025 – Successful Production of First MREC from Boland
16 December 2024 – Further Positive Metallurgy Results from Boland
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
High news flow
Sonic core drilling at Boland
6 Months:
Boland resource drilling
Regional target drilling
12 Months:
Boland rare earth mineral resource estimate
Infield ISR testing
Scoping study
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Capital Markets – Strategic marketing and growing investor relations
Financing – Pursuing alternate not dilutive and debt free financing options
What do you think makes your company such a compelling investment?
Unique Boland Project with the potential to re-define the cost of rare earth production and reshape the global supply of magnet and heavy rare earths. Cobra provides investor exposure to a range of high-value commodities within a single project, including gold and uranium.
What are the top 3 key investor takeaways?
1. Heavy rare earths and gold are two of the most talked about commodities, and Cobra’s projects are located in a top South Australian mining jurisdiction.
2. The company’s unique ionic rare earths discovery at its Boland Project is highly scalable and could reshape the global supply of magnet and heavy rare earths, eliminating the cost and environmental challenges of other rare earth projects.
3. Cobra has a shallow gold resource at its Wudinna Project with low-cost, open pit extraction potential.