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18 March 2024
Cobra Resources
plc
("Cobra"
or the "Company")
Appointment of Director,
Business Development and Asset Marketing
Cobra (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
Rupert Verco (Australia)
Dan Maling (UK)
|
via Vigo
Consulting
+44 (0)20
7390 0234
|
SI
Capital Limited (Joint Broker)
Nick Emerson
Sam Lomanto
|
+44
(0)1483 413 500
|
Global Investment Strategy (Joint Broker)
James Sheehan
|
+44 (0)20
7048 9437
james.sheehan@gisukltd.com
|
Vigo
Consulting (Financial Public Relations)
Ben Simons
Kendall Hill
|
+44 (0)20
7390 0234
cobra@vigoconsulting.com
|
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 km2, and other
nearby tenement rights totalling 2,941 km2,
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 km2 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.
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