Cobra Resources plc

Cobra is a South Australian critical minerals developer, advancing two projects towards significant valuation infections.

In 2023, Cobra identified the Boland ionic rare earth discovery at its Wudinna Project in the Gawler Craton - Australia's only rare earth project suitable for in situ recovery (ISR) mining. ISR is a low-cost, low-disturbance extraction method that eliminates the need for excavation, positioning Boland to achieve bottom-quartile recovery costs.

In 2025, Cobra expanded its portfolio by optioning the Manna Hill Copper Project in the Nackara Arc, South Australia. The project contains multiple underexplored prospects with strong potential to deliver large-scale copper discoveries.

In 2025, Cobra sold its Wudinna Gold Assets to Barton Gold (ASX: BDG) for up to A$15 million in cash and shares and future production payments.

Management Profile

Rupert Verco, Chief Executive Officer & Director

Rupert is 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. Rupert is a fellow of the Australasian Institute of Mining and Metallurgy and holds a First Class Honours in Geology.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Drill test scale at the shallow, high grade Blue Rose copper and gold prospect at Manna Hill Copper Project.

Further resource drilling at Boland Rare Earths Project.

6 Months:

MRE and Scoping Study for Boland Rare Earths Project.

Exercise Manna Hill option.

Blue Rose & Neptune Rose Cu-Au skarn resource definition.

Black Baccara porphyry drilling.

12 Months:

PFS and pilot study for Boland Rare Earths Project.

Anabama and Netley Hill Cu-Mo definition drilling.

What do you think makes your company such a compelling investment?

Advancing two projects toward significant value inflections.

Cobra’s Boland Rare Earths Project is a strategic, bottom quartile cost opportunity that can deliver a market resilient, self-sustaining source of dysprosium and terbium, while the Manna Hill Copper Project is the right geological setting to deliver a major porphyry discovery.