Cobra Resources to start Boland drill programme soon
Published: 06:10 10 Apr 2025 EDT
Cobra Resources Plc (LSE:COBR) told investors it will soon start sonic drilling at its Boland rare earth project in South Australia.
The programme of sonic drilling – which uses ‘high-frequency, resonant energy’ - will comprise up to 15 holes to assess mineralisation and inform a future resource estimate.
It follows a prior air core drill programme that proved successful.
“Sonic drilling will more precisely investigate the mineralised interface, demonstrating significant rare earth grade upside,” managing director Rupert Verco said.
Verco, meanwhile, highlighted the project’s added significance in the present market.
“In the current geopolitical climate, with China placing export controls on certain rare earths, Cobra's opportunity is to demonstrate Boland as a low-cost, environmentally credentialled reliable source of terbium and dysprosium,” he added.
“Separately, I am pleased to note the strong gold price is supporting possible advancements in our gold assets where operational synergies could bring forward a pathway to production."
Cobra highlighted that metallurgical optimisation work will focus on enriching heavy rare earths, particularly terbium and dysprosium. In-field testing for in-situ recovery is also planned following 12 months of baseline environmental data.
