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Cobra Resources PLC - London-based gold explorer - announces it believes minerals are present in a deeper and wider area of its Wudinna gold project in South Australia following drilling analysis. Plans to begin ground sampling next week to confirm mineral deposits. Managing Director Craig Moulton resigns, plans to stay for up to six-month transition period. Company begins process of identifying a chief executive officer to "lead the next phase of expansion".
Current stock price: 2.08 pence
Year-to-date change: down 1.0%
By Ivan Edwards; ivanedwards@alliancenews.com
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