Cobra Resources PLC - exploration and mining focused on Wudinna gold project, Australia - Expands equity agreement with drilling contractor Hagstrom Drilling Pty Ltd. Agreement now for 10,000 metres of reverse circulation drilling at Wudinna, yo from 4,650 metres. Hagstrom takes just over 33% of fixed cost as equity. Cobra says unless Covid-19 situation deteriorates, travel restrictions will not be an issue.
Current stock price: 2.69 pence
Year-to-date change: up more than double from 1.30p on return to trading on January 16
By Eric Cunha; firstname.lastname@example.org
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