(Alliance News) - Cobra Resources PLC on Friday said it has appointed Chief Executive Rupert Verco as a director of the company with immediate effect.
Cobra Resources is a company focused on the Wudinna Project in South Australia.
Verco has been CEO of Cobra since July last year. He has over 15 years mining experience in Australia and internationally.
Cobra said that as CEO Verco has overseen a "transformational" period incorporating numerous field programmes, which have allowed the company to define a potentially extensive, regionally scalable clay-hosted rare earth resource above and proximal to gold resources.
Further, under his leadership, Cobra has expanded its land holding in the Gawler Craton to 3,261 square kilometres, establishing the company as a "major player" in the tier one mining jurisdiction of South Australia, the company added.
Chair Greg Hancock said: "Rupert's contribution since joining as CEO has been both impressive and integral to positioning Cobra to define a unique multi-mineral resource in South Australia. As we expand our operations and aim to progress in time from exploration to mine development, we look forward to continuing to benefit from Rupert's experience both as CEO and now as a member of the board of directors."
Shares in Cobra were down 1.4% to 1.80 pence each in London on Friday midday.
By Sophie Rose; sophierose@alliancenews.com
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Cobra Resource. (COBR)