Cobra has defined a unique and complementary mineral resource that:
- Promotes sustainability, and contributes to technologies and sectors critical to global decarbonisation and the green energy transition
- Produces favourable mining economics
- Exposes investors to high demand commodities such as rare earths and fiscally stable commodities such as gold
- Is advanced in conjunction with high value greenfield exploration targets
Cobra’s exploration focus is underpinned by the existing JORC 2012 gold mineral resource at the Wudinna Project:
2023 Wudinna Project Gold JORC MRE
| Deposit | Classification | Tonnes (Mt) | Grade (g/t Au) | Gold Ounces |
| Barns | Indicated | 0.44 | 1.3 | 18,000 |
| Inferred | 2.19 | 1.6 | 116,000 |
| White Tank | Inferred | 0.33 | 1.5 | 16,000 |
| Baggy Green | Inferred | 2.12 | 1.4 | 96,000 |
| Clarke | Inferred | 0.73 | 1.4 | 33,000 |
| Total | | 5.81 | 1.5 | 279,000 |
2023 Wudinna Project Rare Earth JORC MRE – Overlying Gold Resources
| Prospect | Category | Tonnes
Mt | TREO
ppm | MREO
ppm | LREO
ppm | HREO
ppm | Pr6O11
ppm | Nd2O3
ppm | Dy2O3
ppm | Tb4O7
ppm |
| Clarke | Inferred | 26.5 | 725 | 175 | 571 | 154 | 35 | 122 | 16 | 3 |
| Baggy Green | Inferred | 15.1 | 652 | 142 | 512 | 140 | 29 | 97 | 14 | 2 |
| Total | Inferred | 41.6 | 699 | 163 | 549 | 149 | 33 | 113 | 15 | 3 |
| Thompson | Exploration Target | 81 - 233 | 640 - 856 | 168 - 234 | 550 - 717 | 97 - 140 | 32 - 42 | 124 - 174 | 10 - 15 | 2 - 3 |
