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(Correcting pretax loss figures) Cobra Resources PLC - London-based mining company with operations in South Australia - In the six months to June 30, pretax loss widens to £382,938 from £307,101 year-on-year. During the period, Cobra finalises its acquisition of the remaining 25% of the Wudinna project from Andromeda Metals. Chair Greg Hancock says: ‘It’s been a highly productive half as we continued to focus on what is a unique opportunity to transform the global rare earths supply landscape via our Boland project, the only ionic rare earth elements project in Australia suitable for in situ recovery. The ongoing metallurgical studies at the Australian Nuclear Science & Technology Organisation are proving successful with exceptional results to date.’ Current stock price: 1.15 pence, closed 7.0% higher in London on Thursday afternoon 12-month change: up 9.5% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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