REG - Cobra Resources PLC - Appointment of Director

Cobra ResourcesAnnouncement

02/09/2022 09:00

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RNS Number : 0877Y  Cobra Resources PLC  02 September 2022

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2 September 2022

 

Cobra Resources plc

 ("Cobra" or the "Company")

 

Appointment of Director

 

Cobra, a gold, rare earth and IOCG exploration company focused on the Wudinna
Project in South Australia, is pleased to announce the appointment of Rupert
Verco, who has been Chief Executive Officer (CEO) of Cobra since 12 July 2021,
as a director of the Company with immediate effect.

 

Rupert is a mining specialist with over 15 years' experience in Australia and
internationally. His areas of focus include resource definition, reserve
optimisation, mine planning, and mine operation. Rupert has managed operations
through all phases of the mining cycle. He is a fellow of the Australasian
Institute of Mining and Metallurgy and holds a First Class Honours in Geology.

 

As CEO of Cobra, Rupert has overseen a transformational period incorporating
numerous field programmes which have placed the Company in a position to
define a potentially extensive, regionally scalable clay-hosted rare earth
resource above and proximal to gold resources, while identifying significant
gold mineralisation outside of current Mineral Resource Estimates.

 

Under Rupert's leadership, Cobra has expanded its land holding in the Gawler
Craton to 3,261 km(2), establishing the Company as a major player in the tier
1 mining jurisdiction of South Australia, and published an inaugural
Sustainability Plan, reflecting the Board's commitment to developing an
industry-leading approach to Environmental, Social and Governance (ESG).

 

There is no further information in respect of the appointment of Rupert Tolmer
Verco (aged 36) which would require disclosure under Listing Rule 9.6.13 R (1)
- (6).

 

Greg Hancock, Chairman of Cobra, commented:

 

"Rupert's contribution since joining as CEO has been both impressive and
integral to positioning Cobra to define a unique multi-mineral resource in
South Australia. As we expand our operations and aim to progress in time from
exploration to mine development, we look forward to continuing to benefit from
Rupert's experience both as CEO and now as a member of the Board of
Directors."

 

Enquiries:

 

 Cobra Resources plc                           via Vigo Consulting

 Rupert Verco (Australia)                      +44 (0)20 7390 0234

 Dan Maling (UK)

 SI Capital Limited (Joint Broker)             +44 (0)1483 413 500

 Nick Emerson

 Sam Lomanto

 Peterhouse Capital Limited (Joint Broker)     +44 (0)20 7469 0932

 Duncan Vasey

 Lucy Williams

 Vigo Consulting (Financial Public Relations)  +44 (0)20 7390 0234

 Ben Simons

 Charlie Neish

 Kendall Hill

 

About Cobra

Cobra is defining a unique multi-mineral resource at the Wudinna Project in
South Australia's Gawler Craton, a tier one mining and exploration
jurisdiction which hosts several world class mines. Cobra's Wudinna tenements,
totalling 3,261 km(2), 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
a current 211,000 Oz JORC Mineral Resource Estimate. In 2021, Cobra discovered
rare earth mineralisation proximal to and above gold mineralisation. The
grades, style of mineralogy and intersect widths are highly desirable while
the mineralisation has been demonstrated to be regionally scalable. The
Company is also advancing a pipeline of IOCG targets.

 

Follow us on social media:

 

LinkedIn: https://www.linkedin.com/company/cobraresourcesplc
(https://www.linkedin.com/company/cobraresourcesplc)

Twitter: https://twitter.com/Cobra_Resources
(https://twitter.com/Cobra_Resources)

 

Subscribe to our news alert service: https://cobraplc.com/news/
(https://cobraplc.com/news/)

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