Last checked at 14 Dec 2023 10:58
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
14 December 2023
Cobra Resources plc
("Cobra" or the "Company")
Result of General Meeting
Cobra, an exploration company focused on the Wudinna Gold and Ionic Rare Earth Project ("Wudinna") in South Australia, announces that at the General Meeting of the Company held earlier today, all resolutions were duly passed by the requisite majorities. The passing of the resolutions will, inter alia, enable Cobra to proceed with the share consideration component of the acquisition of the remaining 25% of Wudinna ("Consideration Shares"), as announced on 14 November 2023, and advance the Boland ionic rare earth discovery as the dominant holder of palaeo-channel ground in the region.
A summary of the resolutions passed and the results of voting are available on the Company's website at: https://cobraplc.com/investors/#circulars-notices.
A further announcement will be made upon application for admission to trading of the Consideration Shares.
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Cobra Resources plc Rupert Verco (Australia) Dan Maling (UK)
| via Vigo Consulting +44 (0)20 7390 0234 |
SI Capital Limited (Joint Broker) Nick Emerson Sam Lomanto
Shard Capital Partners LLP (Joint Broker) Erik Woolgar Damon Heath
| +44 (0)1483 413 500
+44 (0)20 7186 9952
|
Vigo Consulting (Financial Public Relations) Ben Simons Kendall Hill | +44 (0)20 7390 0234 |
About Cobra
Cobra is defining a unique multi-mineral resource at the Wudinna Gold and Rare Earth Project in South Australia's Gawler Craton, a tier one mining and exploration jurisdiction which hosts several world-class mines. Cobra's Wudinna tenements totalling 1,832 km2, and other nearby tenement rights totalling 1,429 km2, contain highly desirable and ionic rare earth mineralisation, amenable to low-cost, low impact in situ recovery mining, and critical to global decarbonisation. Additionally, Cobra holds a 213 km2 exploration tenement in northern Tasmania which is also considered highly prospective for ionic rare earth mineralisation.
Cobra's Wudinna tenements also contain extensive orogenic gold mineralisation and are characterised by potentially open-pitable, high-grade gold intersections, with ready access to infrastructure. Cobra has 22 orogenic gold targets outside of the current 279,000 Oz gold JORC Mineral Resource Estimate, and several iron oxide copper gold (IOCG) targets.
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