COBR Cobra Resources Plc

TIDMCOBR

RNS Number : 8528W

Cobra Resources PLC

14 December 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR 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.

14 December 2023

Cobra Resources plc

("Cobra" or the "Company")

Result of General Meeting

Cobra , an exploration company focused on the Wudinna Gold and Ionic Rare Earth Project ("Wudinna") in South Australia, announces that at the General Meeting of the Company held earlier today, all resolutions were duly passed by the requisite majorities. The passing of the resolutions will, inter alia, enable Cobra to proceed with the share consideration component of the acquisition of the remaining 25% of Wudinna ("Consideration Shares"), as announced on 14 November 2023, and advance the Boland ionic rare earth discovery as the dominant holder of palaeo-channel ground in the region.

A summary of the resolutions passed and the results of voting are available on the Company's website at: https://cobraplc.com/investors/#circulars-notices .

A further announcement will be made upon application for admission to trading of the Consideration Shares.

 
Cobra Resources plc                   via Vigo Consulting 
 Rupert Verco (Australia)             +44 (0)20 7390 0234 
 Dan Maling (UK) 
SI Capital Limited (Joint Broker) 
 Nick Emerson 
 Sam Lomanto 
                                     +44 (0)1483 413 500 
 Shard Capital Partners LLP (Joint 
 Broker) 
 Erik Woolgar 
 Damon Heath                          +44 (0)20 7186 9952 
Vigo Consulting (Financial Public 
 Relations) 
 Ben Simons 
 Kendall Hill                         +44 (0)20 7390 0234 
 

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 km(2) , and other nearby tenement rights totalling 1,429 km(2) , 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 km(2) 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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(END) Dow Jones Newswires

December 14, 2023 05:58 ET (10:58 GMT)

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