Cobra Resources: Exercise of Warrants

Cobra Resources PLC

03 November 2026

 

3 November 2026

Cobra Resources plc

("Cobra" or the "Company")

Exercise of Warrants

Cobra (LSE: COBR), a South Australian mineral exploration and development company advancing the Wudinna Rare Earths Project and the Manna Hill Copper Project, announces that it has received notices of the exercise of warrants ("Warrants") to subscribe for a total of 2,500,000 new Ordinary shares of nominal value 1 pence each ("New Ordinary Shares"). The total consideration has been paid to the Company in connection with the exercise at 2.0 pence per new Ordinary Share. The New Ordinary Shares were issued under the Company's existing block listing and following the issue the total issued share capital will comprise 1,102,679,544 Ordinary Shares.

Enquiries:

The person who arranged for the release of this announcement was Rupert Verco, Managing Director of the Company.

About Cobra

Cobra Resources is developing two South Australian critical minerals opportunities: the Wudinna ionic rare earth project and the Manna Hill copper project.

At Wudinna, Cobra has established a maiden JORC-compliant Mineral Resource Estimate of 150 Mt grading 470 ppm total rare earth oxides (TREO), with significant potential for further resource growth. The resource will underpin a Scoping Study as Cobra advances its staged development strategy incorporating low-disturbance controlled-aquifer in situ recovery (ISR), targeting bottom-quartile production costs and the potential to establish the Western World's first rare earths ISR operation.

Cobra is also advancing the Manna Hill copper project in the Nackara Arc, where drilling has confirmed copper-gold mineralisation across multiple prospects, including shallow skarn-hosted discoveries and encouraging indications of a potentially larger porphyry copper-gold system.

Cobra also holds a significant shareholding in Barton Gold (ASX: BDG), following the 2025 sale of its non-core gold assets for A$15 million in cash and shares

Regional map showing Cobra's tenements in South Australia

 

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