REG - Cobra Resources PLC - Director, Business Development & Asset Marketing

Cobra ResourcesAnnouncement

18/03/2024 09:00

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RNS Number : 2219H  Cobra Resources PLC  18 March 2024

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18 March 2024

 

Cobra Resources plc

("Cobra" or the "Company")

 

Appointment of Director, Business Development and Asset Marketing

 

Cobra (https://cobraplc.com/) (LSE:COBR), an exploration company focused on
the Wudinna Project ("Wudinna") in South Australia, is pleased to announce
that Australian mining industry professional David Clarke has agreed to take
on an executive role as Director, Business Development and Asset Marketing.

 

Mr Clarke is an eminent Australian geologist who has been instrumental in the
discovery and development of several large mining operations. He has over 50
years' professional experience including as a geologist with the Commonwealth
Department of the Interior and as Chief Geologist at Santos. Mr Clarke played
a role in the discovery, development, and production of the million-ounce
Tuckabianna gold mine in Western Australia, the Newrybar mineral sand mine in
New South Wales, the Mud Tank vermiculite mine in the Northern Territory, and
the Mindarie mineral sand mine in South Australia.

 

Mr Clarke was one of the original vendors of Wudinna to the Company in 2020
and has been a Non-Executive Director of Cobra since 1 May 2020. His
transition to an executive position reflects the evolution of Cobra since
mid-2023 following the discovery of a substantially scalable ionic rare earth
system at Boland which is amenable to a low cost, low disturbance mining
method. His new role is an important step in advancing the commercialisation
pathway of the Boland discovery and will enable the Company to expand its
marketing capabilities by leveraging David's extensive industry network.

 

Greg Hancock, Chairman of Cobra, commented:

 

"David is a highly successful mining industry professional who has converted
significant exploration discoveries into profitable mining operations over
several decades. He has developed important relationships with both industrial
and financial institutions over his many years in the sector.

 

The Boland ionic rare earth discovery has all the hallmarks of a strategic,
low-cost source of magnet and heavy rare earths which are essential minerals
underpinning global decarbonisation. With David's network and expertise, we
believe he will be a great asset in advancing the project towards
commercialisation."

 

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

 

"Cobra's Boland discovery is unique and will, I believe, have a materially
positive impact on the western world's access to critical rare earth metals
required for permanent magnets and electrification. I am delighted to be part
of the executive team responsible for demonstrating the value of the asset and
marketing it externally."

 

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

 Global Investment Strategy (Joint Broker)     +44 (0)20 7048 9437

 James Sheehan                                 james.sheehan@gisukltd.com

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

 Ben Simons                                    cobra@vigoconsulting.com

 Kendall Hill

 

The person who arranged for the release of this announcement was Rupert Verco,
Managing Director of the Company.

 

About Cobra

 

Cobra is defining a unique multi-mineral resource at the Wudinna Gold and Rare
Earth 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 1,832 km(2), and other nearby tenement rights
totalling 2,941 km(2), contain highly desirable and ionic rare earth
mineralisation, amenable to low-cost, low impact in situ recovery mining, and
critical to global decarbonisation. Additionally, Cobra holds a 213 km(2)
exploration tenement in northern Tasmania which is also considered highly
prospective for ionic rare earth mineralisation.

 

Cobra's Wudinna 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,
and several iron oxide copper gold (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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