By Anthony O. Goriainoff
Cobra Resources said Tuesday that results from drilling at the Wudinna project in Australia show further rare earth element, or REE, resource growth and “a highly desirable style of mineralization.”
The London-listed Australia-focused mining company said the results reaffirmed its approach to advancing rare earth targets that have unique economic advantages.
“The board believes that, between the unique dual gold and REE resource and the confirmation of palaeo-channel hosted REEs, the Wudinna Project is positioned with highly competitive economic advantages that make it a market standout,” Chief Executive Rupert Verco said.
Shares at 0739 GMT were up 0.10 pence, or 8.7%, at 1.25 pence.
Write to Anthony O. Goriainoff at [email protected]
By Anthony O. Goriainoff
Cobra Resources said Tuesday that results from drilling at the Wudinna project in Australia show further rare earth element, or REE, resource growth and “a highly desirable style of mineralization.”
The London-listed Australia-focused mining company said the results reaffirmed its approach to advancing rare earth targets that have unique economic advantages.
“The board believes that, between the unique dual gold and REE resource and the confirmation of palaeo-channel hosted REEs, the Wudinna Project is positioned with highly competitive economic advantages that make it a market standout,” Chief Executive Rupert Verco said.
Shares at 0739 GMT were up 0.10 pence, or 8.7%, at 1.25 pence.
Write to Anthony O. Goriainoff at [email protected]
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