Metals and mining - LSE - Mcap: £8m - Price: £1.18 - Update
Cobra Resources (COBR)
Exploring a potential game changer
Cobra Resources is an exploration company focused on developing a rare earths deposit in South Australia, with a potentially low-cost method of production through in situ recovery (ISR). ISR is a proven, low-cost method of extraction in the uranium industry and dominates the bottom third of the uranium cost curve. Its scope for lower capital and operating costs is potentially a game changer for rare earth extraction, where Western producers are struggling with cost inflation and volatile commodity prices. Upcoming catalysts include progressions in circuit design and advancement towards a maiden resource at its Boland deposit.
Read or download the full report here....
Analyst
Andrew Keen
Mining analyst
mining@edisongroup.com