REG - Cobra Resources PLC - Result of General Meeting

Cobra ResourcesAnnouncement

Thu 14:45

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RNS Number : 4832S  Cobra Resources PLC  24 July 2025

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INDIRECTLY IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

 

24 July 2025

 

 

Cobra Resources plc

("Cobra" or "Company")

 

Results of General Meeting - Sale of Wudinna Gold Assets

 

Cobra shareholders approve Wudinna Gold Assets sale for cash payments and
Barton Gold stock worth up to A$15 million

 

Cobra (https://cobraplc.com/) (LSE: COBR)
(https://www.londonstockexchange.com/stock/COBR/cobra-resources-plc/company-page)
, the mineral exploration and development company advancing a potentially
world-class ionic Rare Earth Element ("REEs") discovery at its Boland Project
("Boland") in South Australia, is pleased to announce that, at the General
Meeting ("GM") of the Company held on 24 July 2025, the resolution related to
the proposed sale of the Company's Wudinna Gold Assets to Barton Gold Holdings
Ltd (ASX: BDG) ("Barton Gold") was duly passed (the "Resolution").

 

The GM was held as a matter of good governance to seek shareholder approval in
relation to a binding conditional sale agreement with Barton Gold to sell and
advance the Wudinna Gold Assets in return for cash payments and ASX listed
ordinary shares in Barton Gold of up to A$15 million.

 

This now allows Cobra to capitalise on gold prices to advance the Boland Heavy
Rare Earth Project while retaining an indirect interest in the gold assets via
Barton Gold.

 

The results of the poll were as follows:

 

                                  In Favour(1)          Discretion            Against        Withheld(2)
 Resolution                       Votes        %              Votes   %       Votes  %       Votes
 1. To approve the Proposed Sale  207,276,053  99.97          40,161  0.02    7,536  0.01    0

(1) Any proxy appointments which gave discretion to the chairman of the GM
have been included in the "In Favour" total.

(2) A "vote withheld" is not a vote in law and is not counted in the
calculation of the proportion of votes for and against the Resolution.

The total number of shares in issue at the voting date was 877,863,899.

 

The full text of the Resolution can be found in the notice of GM posted on the
Company's website at: https://cobraplc.com/ (https://cobraplc.com/)

 

About Cobra

 

Cobra's unique and highly scalable Boland discovery is a strategically
advantageous ionic rare earth discovery where high grades of valuable heavy
and magnet rare earths occur concentrated in a permeable horizon confined by
impermeable clays. Bench scale ISR testing has confirmed that mineralisation
is amenable to ISR mining. ISR has been used successfully for decades within
geologically similar systems to recover uranium within South Australia.
Results of this metallurgical test work support that, with minor optimisation,
ISR techniques should enable non-invasive and low-cost production of critical
REEs from Cobra's Boland discovery.

 

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.

 

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