REG - Cobra Resources PLC - Board and Committee Changes

Cobra ResourcesAnnouncement

Mon 09:15

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RNS Number : 1750A  Cobra Resources PLC  13 April 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET
ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK
MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

13 April 2026

 

Cobra Resources plc

 
("Cobra" or the "Company")

 

Board and Committee Changes

 

Global mining industry leader Andrew Michelmore AO appointed Non-Executive
Chairman

 

Cobra (https://cobraplc.com/) (LSE: COBR)
(https://www.londonstockexchange.com/stock/COBR/cobra-resources-plc/company-page)
, a South Australian mineral exploration and development company, is pleased
to announce the appointment of Andrew Michelmore AO to the board of directors
of the Company ("Board") as Non-Executive Chairman. Mr Michelmore replaces
Greg Hancock who has stepped down from the Board after providing valuable
insight and guidance to the Company over the last 8 years.

 

Mr Michelmore brings more than 35 years' experience in senior leadership roles
in Australia and overseas within the metals and mining industry, including as
CEO of MMG Limited, Zinifex Limited, OZ Minerals Limited, and EN+. Prior to
these roles he spent 12 years at Western Mining Corporation, a foundational
Australian mining company that helped shape the modern resources sector before
being absorbed by BHP in 2005, including as its CEO. Among its world-class
assets during Mr Michelmore's tenure was Olympic Dam in South Australia, an
iron oxide copper gold (IOCG) deposit and one of the largest ore bodies in the
world.

 

Mr Michelmore is the current Chair of the Mineral Council of Australia, the
leading advocate for Australia's minerals industry, promoting and enhancing
sustainability, profitability and competitiveness. He is also currently Chair
of Century Aluminium Company (CENX: Nasdaq), with a market capitalisation of
approximately US$6.5 billion, and Chair of the Council of Melbourne Grammar
School.

 

Mr Michelmore holds a first-class honours degree in engineering (chemical)
from the University of Melbourne, and a Master of Arts in Politics, Philosophy
and Economics from Oxford University. He is a Rhodes Scholar and a Fellow of
the Institution of Chemical Engineers and the Australian Academy of
Technological Sciences and Engineering.

 

In 2017, Mr Michelmore was awarded an Order of Australia (AO) in recognition
of his leadership in the mining industry and his commitment to improving
health and safety and environmental outcomes.

 

David Clarke, Director, Business Development and Asset Marketing, commented:

 

"We are very pleased to welcome Andrew Michelmore to the Board of Cobra. His
experience within the Australian mining industry is almost unrivalled having
led several major mining companies, achieved significant M&A success for
shareholders and, most importantly, built significant, sustainable and
successful operations, including here in South Australia.

 

A recognised leader in global mining governance, Andrew is very well placed to
lead Cobra's Board as we advance the Company's critical mineral assets, taking
them from exploration, through development and into production.

 

Our sincere thanks go to Greg Hancock who has overseen the Company's success
to this point, taking Cobra from a shell, through the acquisition of the
Wudinna gold asset, and to the point of advancing both the incredibly exciting
Boland Rare Earth and Manna Hill Copper projects."

 

Andrew Michelmore AO, Chairman, commented:

 

"I'm pleased to be joining Cobra as it enters the next stage of its
development. The Company has two projects with significant upside and the
right attributes for bottom quartile costs.

 

I look forward to providing leadership in governance and strategy to advance
the Boland and Manna Hill projects, taking them from discovery and towards
production, ultimately maximising shareholder value."

 

With immediate effect, Andrew Michelmore AO will assume the role of
Non-Executive Chairman of Cobra, and the committees of the Board will be
constituted as follows:

 

 Committee               Chair          Other members
 Audit Committee         Daniel Maling  Andrew Michelmore AO
 Remuneration Committee  Daniel Maling  Andrew Michelmore AO

 

Further information

 

Andrew Michelmore AO (age: 73) holds the following current directorships:
Century Aluminium Company; Minerals Council of Australia and Council of
Melbourne Grammar School.

 

No further information is required to be disclosed pursuant to the UK Listing
Rules of the Financial Conduct Authority in respect of the appointment listed
above.

 

Mr Hancock will be treated as a good leaver under the Company's Share Option
Plan. Any relevant additional details in relation to Mr Hancock's departure
from the Company will be disclosed on the Company's website at the appropriate
time in accordance with section 430(2B) of the Companies Act 2006 and set out
in the Company's remuneration report for the financial year ending 31 December
2026.

 

For the purposes of UK MAR, the person responsible for arranging release of
this announcement on behalf of Cobra is Rupert Verco, Chief Executive Officer.

 

Enquiries:

 

 Cobra Resources plc                           via Vigo Consulting

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

 Dan Maling (UK)

 Hannam & Partners (Joint Broker)              +44 (0)20 7907 8500

 Leif Powis

 Andrew Chubb

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

 Nick Emerson

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

 Ben Simons                                    cobra@vigoconsulting.com

 Seb Weller

 

About Cobra

 

Cobra Resources is a South Australian critical minerals developer, advancing
assets at all stages of the pre-production pathway.

 

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 further 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.

 

Regional map showing Cobra's tenements in South Australia

 

 

 

Follow us on social media:

 

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

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

 

Engage with us by asking questions, watching video summaries and seeing what
other shareholders have to say. Navigate to our Interactive Investor hub here:
https://investors.cobraplc.com/ (https://investors.cobraplc.com/)

 

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

 

 

 

 

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