In this episode of the Midweek Takeaway, the team sits down with Rupert Verco, CEO of Cobra Resources, to discuss the latest developments at the Boland Project in South Australia. Cobra has recently reported significant metallurgical results, demonstrating high recoveries of ionic rare earth elements (REEs) through low-cost, in situ recovery (ISR) methods. Bench-scale testing has shown 68% recoveries for Magnet Rare Earths (MREOs) and 62% for Heavy Rare Earths (HREOs), with rapid recovery rates achieved within 24 hours. These findings highlight the advantages of Boland's permeable sands, which enable high productivity and reduced extraction costs.

Following these promising results, Cobra has commenced a resource-focused aircore drilling program to define the scale of the mineralization and support a maiden resource for a scoping study planned for late 2025. The initial 20-hole, 1,000-meter program targets extensions of high-grade mineralization, with early geological observations already intersecting Zone 3 mineralization approximately 1 kilometer south of previous drilling. This effort is part of a funded 12,000-meter program aimed at building confidence in the resource and advancing the project's potential as a low-cost, scalable operation.

Join us as Rupert provides an in-depth overview of these exciting developments and shares insights into the future prospects of the Boland Project.

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