In 2023, Cobra discovered a rare earth deposit with the potential to re-define the cost of rare earth production. The highly scalable Boland Project in South Australia’s Gawler Craton is Australia’s only ionic rare earth project with the potential for in situ recovery (ISR) mining – a low-cost, low-disturbance method.
Cobra is focused on de-risking the investment value of the discovery by proving ISR as the preferred mining method which would eliminate challenges associated with processing clays and provide Cobra with the opportunity to define a low-cost pathway to production.
Cobra’s Wudinna Project tenements also contain extensive orogenic gold mineralisation, including a 279,000 Oz JORC Gold Mineral Resource Estimate, characterised by potentially open-pitable, high-grade gold intersections.
Cobra’s extensive Western Eyre Peninsula landholding contains a number of defined sandstone hosted uranium occurrences amenable to ISR mining. The company aims to develop and grow these uranium assets as it works to define the scale of ionic REEs across the landholding.
