Cobra Resources PLC - Gold, rare earth and IOCG exploration company focused on the Wudinna Project in South Australia - Says drilling results from the Wudinna project, located in South Australia, show significant potential for resource extensions in multiple directions, with intervals up to 25 metres. Total rare earth oxides grades are up to 3,568 parts per million. Says results will be incorporated in a rare earth mineral resource update expected in the second half of the year.

Chief Executive Officer Rupert Verco says: ‘These drilling results confirm the resource growth potential of our unique rare earth resource and will likely inform a significant resource update, establishing Wudinna as a potential tier-1 rare earth project whose unique proximity to gold mineralisation has the potential to contribute favourably to economics.’

Current stock price: 1.19 pence each, down 0.8% on Monday afternoon in London

12-month change: down 41%

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