Cobra Resources

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.

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

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

3 Months:

High news flow and sonic core drilling at Boland

6 Months:

Boland resource drilling and regional target drilling

12 Months:

• Boland rare earth mineral resource estimate
• Infield ISR testing
• Scoping study

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.