In this episode of the midweek takeaway, Phil Carroll and Kevin Hornsby discuss the latest updates from Cobra Resources plc (LSE: COBR) with CEO Rupert Verco. Cobra has reported significant advancements in its bench scale study for In Situ Recovery (ISR) of Rare Earth Elements (REEs) at the Boland Project in South Australia. The study shows high recoveries of up to 82% for valuable heavy rare earths, with minimal impurities and low acid consumption, indicating strong potential for cost-effective, non-invasive production. Conducted by the Australian Nuclear Scientific and Technical Organisation (ANSTO), the trials underscore the unique geology at Boland that supports ISR, which could potentially disrupt the global supply of heavy rare earths. The conversation highlights the anticipation for further results in the coming weeks, which could solidify Cobra's position in the market.

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