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Cobra Resources PLC - Wudinna gold project in South Australia - Identifies ‘exceptional’ high-grade rare earth element intersections within saprolite clays at several regional targets at the stage 4 reanalysis of a further 78 drill holes from its Wudinna project in Australia. Says that a number of the prospects yielding high-grade rare earth intersections will be tested within its current aircore drilling programme. Adds that the high-grade intersections occur along a 47-kilometre structural trend across the project's 1,832 square kilometres.
‘These results contain some of the highest grade REE intersections reported from the project to date with high quantities of high-value magnet rare earths including neodymium, praseodymium and dysprosium,’ Chief Executive Rupert Verco says.
‘Our current and upcoming field programmes are designed to further advance the extent of rare earth mineralisation, define further gold mineralisation and to drill test our exciting IOCG targets,’ he adds.
Current stock price: 1.83 pence, down 3.6% on Monday
12-month change: down 1.0%
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