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Cobra Resources PLC - London-based exploration and resource development company focused on South Australia - Secures AUD73,250, around USD50,567, of funding from the South Australia state government to advance exploration and subsequent resource definition at its Wudinna project. Gold mineralisation has been defined across 400 metres of strike at the Clarke prospect on the project, which is near Adelaide. This mineralisation sits outside of the project's existing 211,000 ounce gold resource.
Current stock price: 2.07 pence, up 5.9% on Wednesday in London
12-month change: up 12%
By Heather Rydings; heatherrydings@alliancenews.com
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