Project 45 statements
The deposit 25
Key takeaway. Management describes the Cobra Resources deposit in South Australia as encompassing two distinct project types.
Read the full summary
For the rare earth side, the company reports an in situ recovery heavy rare earth project (June 2026) where the solution contains over 0.2% total rare earth oxide with about 35% magnet rare earths and almost 50% heavy rare earths (November 2025). For the copper side, management says it is a porphyry copper system with shallow skarn mineralization (July 2026), reporting RC drilling results including 86 m at 0.6% copper and 88 m at 1% copper with 0.25 grams gold from 70 m depth (July 2026), as well as a 74 m intersection at over 1% copper and nearly 0.25 g/t gold and an 84 m intersection at 6% copper and 0.14 g/t gold (March 2026). The company notes about half a million tons of contained copper metal (March 2026) and that the mineralization extends beyond the skarn into a larger porphyry system with deep sulfide continuity down to 300 m (July 2026).
What was actually said
deposit type
Poland ISR rare earth project in South Australia
“we have the Mannequin copper project and the Poland ISR rare earth project in South Australia.”
Rupert Verco·
20 Jul 2026·
deposit type
porphyry copper system with shallow skarn
“we have a mineralized skarn. It's very shallow. Um but that copper has been sitting this skarn system from something.”
Rupert Verco·
20 Jul 2026·
exploration upside
Copper oxide mineralization intersected south of skarn footprint opening extension to south
“unexpectedly we hit a lot of copper oxide very shallowly to the south, which opens up a lot of extension to the south of that skarn.”
Rupert Verco·
20 Jul 2026·
Show the other 22 statements
exploration upside
Mineralization in zone extends down to 300 m showing deep sulfide continuity
“So, we now have mineralization in this zone down to 300 m. So, that we're adding considerable scale”
Rupert Verco·
20 Jul 2026·
exploration upside
Hole two shows mineralization extending beyond skarn into larger porphyry system
“the mineralization system extends beyond the skarn and into a much greater porphyry system.”
Rupert Verco·
20 Jul 2026·
grade
RC drilling: 86 m at 0.6% copper; 88 m and 74 m from 70 m depth at 1% copper, 0.25 grams gold
“One intersected 86 m at 0.6% copper. The next hole that was from 88 m and then 74 m from about 70 m depth at 1% copper, 0.25 grams gold.”
Rupert Verco·
20 Jul 2026·
deposit type
in situ recovery heavy rare earth project
“South Australian focused explorer and developer with a in situ recovery heavy rare earth project”
Rupert Verco·
25 Jun 2026·
exploration upside
large-scale copper porphyry project
“South Australian focused explorer and developer with a in situ recovery heavy rare earth project and a large-scale copper porphyry project”
Rupert Verco·
25 Jun 2026·
exploration upside
three horizons being targeted: Pidinga formation, Gawler formation, and Nullarbor formation
“we have the confidence that we can chase this deltaic or or sort of flank system over very many kilometers”
Rupert Verco·
25 Jun 2026·
deposit type
porphyry copper project
“Like we have a number of other targets that can back up blue rose that have just the same amount of scale potential. So we we think and we want to be ambitious in our exploration targets, but on the back of this, it gives us confidence to go out and test multiple targets to try and achieve a multi-million ton uh copper metal resource”
Rupert Verco·
09 Mar 2026·
deposit type
scan style mineralization related to a larger porphyry system
“they've it's long been theorized that this is a scan style mineralization that's related to a larger porefree system.”
Rupert Verco·
09 Mar 2026·
exploration upside
1.6 km of mineralization and 3 to 400 m of depth
“we already know that we have 1.6 km of this mineralization and 3 to 400 m of depth.”
Rupert Verco·
09 Mar 2026·
exploration upside
historic intersection 132 m at .5% copper to the east; historic oxide intersection 48 m at 2.2% copper and nearly 8 g gold
“There's one um that's to the east that's 132 m at.5%. uh a shallow oxide intersection of 48 m at 2.2% copper and nearly8 g gold.”
Rupert Verco·
09 Mar 2026·
grade
74 m at over 1% copper and almost .25 g per ton gold; 84 m intersection at 6% copper and .14 g per ton gold
“74 m at over 1% copper and almost.25 g per ton gold and uh another 84 m intersection at 6% copper and.14 g per ton gold.”
Rupert Verco·
09 Mar 2026·
resource size
about half a million tons of contained copper metal
“we're pushing half a million tons of contained copper metal straight away.”
Rupert Verco·
09 Mar 2026·
deposit type
large scale copper molly gold pfrey project
“other asset is an earlier stage large scale uh copper molly gold pfrey project also located in South Australia”
Rupert Verco·
06 Feb 2026·
deposit type
rare earth droium and turbium asset with insitu recovery aspect
“One being a more advanced rare earth droium and turbium asset that is um very unique due to its insitu recovery um aspect”
Rupert Verco·
06 Feb 2026·
exploration upside
historic intersections 4 to 8 m of 2% Molly
“got some historic indust sections there that are 4 to 8 m of 2% like they're they're phenomenal intersections in terms of Molly”
Rupert Verco·
06 Feb 2026·
grade
48% heavy rare earth
“we're getting pushing up at 48% heavy rare roo”
Rupert Verco·
06 Feb 2026·
deposit type
scalable early stage copper project
“the other being a scalable early stage copper project.”
Rupert Verco·
21 Nov 2025·
deposit type
heavy rare earth in situ recovery project; paleo channel marine depositional system
“one being a heavy rare room in situ recovery project and... this hydraology study shown us is we've got great connectivity, the right hydra energy... for heavy rare earth metals... a marine depositional paleo channel.”
Rupert Verco·
21 Nov 2025·
exploration upside
1.6 kilometres of strike already defined; based on geological interpretation, considerable scale expected
“There's 1.6 6 kilometers of strike already defined and we think based on our geological interpretation. We've defined a lot of scale there.”
Rupert Verco·
21 Nov 2025·
grade
over 0.2% and of that... 35% magnet rare earth in solution to produce an IMR and almost 50% of heavy rare earth
“well grade is over over.2 2 of a percent and of that we have a very good endowment of those magnets and heavies... we're now talking about 35% magnet rare earth in solution to produce an IMR and almost 50% of heavy rare earth.”
Rupert Verco·
21 Nov 2025·
grade
48 m at 2.2% copper and just under 8 g gold from 11 m
“The last hole drilled into scar mineralization related to a porefruit intrusive intersected 48 m at 2.2% copper and just under8 g gold from 11 m”
Rupert Verco·
21 Nov 2025·
resource size
footprints of three to six square kilometers to support multigenerational wildlife
“we're talking about footprints of three to to to six square kilometers to support multigenerational wildlife.”
Rupert Verco·
21 Nov 2025·
Jurisdiction 4
Key takeaway. Management notes that the company's project is located in South Australia, Australia.
Read the full summary
According to the company, approvals have now been obtained to get on the ground in an area where geologically productive ground was previously locked up through native title for many years.
What was actually said
country
Australia (South Australia)
“Hello, I'm Robert Vero, managing director of Cobra Resources PLC. We're South Australian Focus with significant copper and rare earth projects.”
Rupert Verco·
09 Mar 2026·
country
South Australia
“South Australian focused explorer and developer uh that are progressing two significant critical minerals assets”
Rupert Verco·
06 Feb 2026·
community agreement
geologically productive geology locked up through native title for many years; approvals now obtained to get on ground
“ive geology that's been locked up uh through native title for many years... we have the approvals now to get on the ground.”
Rupert Verco·
21 Nov 2025·
Show the other 1 statement
country
South Australia
“London listed South Australian focused critical minerals company.”
Rupert Verco·
21 Nov 2025·
Technical risk 16
Key takeaway. Cobra Resources' management has outlined several technical assumptions and risks for its project.
Read the full summary
A key risk noted is that acid consumption could be elevated in carbonate-rich sands, which consume acid (Jun 2026). Management also acknowledges that the risk in rare earths "is very much with the metallurgy and cost of recovery" (Nov 2025). On the processing side, the company assumes the oxide zone is treatable via heap leach and primary sulfide mineralization via standard flotation (Mar 2026), while for insitu recovery management assumes natural acid generation could reach 60 kg of sulfuric acid per ton treated and potentially offset up to 50% of acid consumption (Jun 2026).
What was actually said
key assumption
Hole three intersected anhydrite breccia representing mineralizing fluid from heat source
“anhydrite is a sulfate rich mineral that represents the mineralizing fluid of this kind of off that heat source.”
Rupert Verco·
20 Jul 2026·
key assumption
First hole at Black Rock intersected 440 m potassic zone with chalcopyrite but pyrite intensity was too prolific
“The first hole that we drilled to about 440 m intersected a potassic zone with some lighter chalcopyrite”
Rupert Verco·
20 Jul 2026·
key assumption
transmissivity rate of 8 meter a day achieved in well field
“what we've effectively achieved is sort of a transmissivity of rate of 8 m a day”
Rupert Verco·
25 Jun 2026·
Show the other 13 statements
key assumption
permeability rates exceeding 1 m/day to 2 m/day; well field spacings of 15-25m
“We want to see permeability rates that exceed a meter a day, 2 m a day. We want to achieve well fields with spacings of 15, 25 m”
Rupert Verco·
25 Jun 2026·
key assumption
natural acid generation as high as 60 kg of sulfuric acid per ton of material treated
“in some holes, it's as high as 60 kg of sulfuric acid per ton of material traded”
Rupert Verco·
25 Jun 2026·
key assumption
potential to offset up to 50% of acid consumption through natural acid generation
“if we could do up to 50% and uh acid consumption is at the moment a model from anywhere from 1 kg per ton up to about um 16”
Rupert Verco·
25 Jun 2026·
key assumption
leach time frame of 30 to 60 days based on observed permeabilities
“our indicative modeling sort of has that time frame of anywhere between 30 to 60 days based on these permeabilities”
Rupert Verco·
25 Jun 2026·
recovery rate
almost 80% tracer recovery over two days in well field test
“we've recovered almost 80% of that tracer over two days”
Rupert Verco·
25 Jun 2026·
stated risk
acid consumption in sands that could be carbonate rich; carbonates consume acid
“you're operating in sands that could be made of shell grit. Shell grit can be carbonate rich. Carbonates consume acid.”
Rupert Verco·
25 Jun 2026·
metallurgy
oxide zone treatable via heap leach; primary sulfide mineralization treatable via standard flotation circuit
“oxide is good because it can be cost-effectively treated in heat bleach. uh but I think the great thing about this is there's probably always been a question mark on whether or not the primary mineralization has continued with depth of blue rose.”
Rupert Verco·
09 Mar 2026·
recovery rate
molybdenum independent of copper and gold; molybdenum grades above .1% on copper equivalent basis
“the molly is independent of uh the copper and the gold. So that's really interesting and really unique because the grades are high like above.1% on a copper equivalent basis.”
Rupert Verco·
09 Mar 2026·
key assumption
cost competitive with China through insitu recovery at $60 US a kilo
“we believe that through insitu recovery we can be cost competitive with China so we don't need $120 US a kilo NDR NDPR price”
Rupert Verco·
06 Feb 2026·
key assumption
inter-well connectivity: 7m spacing recovered in just under 24 hours; over 60% tracer recovery over four days
“we're getting that connectivity inter well uh where we used a 7 m spacing in in just under 24 hours. And over the course of four days, we've recovered over 60% of that tracer.”
Rupert Verco·
21 Nov 2025·
key assumption
pump rates of just under 20,000 liters a day; transmissivity of over a meter a day; wellfield spacings of 20 to 30 m
“we're achieving pump rates of of just under 20,000 LERs a day at consistent uh maintainable rates. Those rates equate to a transmissivity of over a meter a day... spacings of 20 to 30 m are certainly very possible.”
Rupert Verco·
21 Nov 2025·
key assumption
ore body high in organics; when oxidant applied, produces sulfuric acid reaction
“our oil body is very unique. It's got natural uh high in it in the organics... when we put an oxidant into that ore it creates a reaction that produces sulfuric acid.”
Rupert Verco·
21 Nov 2025·
stated risk
risk in rare earth is very much with the metallurgy and cost of recovery
“the risk in in terms of investment risk in rare is very much with the metallurgy and and cost of recovery.”
Rupert Verco·
21 Nov 2025·
Economics 1 statement
Economics 1
What was actually said
operating cost
$18 to $20 US per kilo MREC for standard rare earth projects; 30% attributable to acid requirements
“for standard rare earth projects, you might be operating at a a $18 to $20 US uh a kilo MREC operating cost”
Rupert Verco·
25 Jun 2026·
Timeline 11 statements
Timeline 10
Key takeaway. Management has outlined a multi-stage timeline for its Poland ISR rare earth project.
Read the full summary
As of March 2026, 18 RC holes had been drilled with four holes back and 14 holes of results still to come. A field study to demonstrate the ISR process in an existing well field was reported in June 2026 as coming in the coming months, while a met program was underway to support a resource estimate and scoping/PFS-level assessments. The company said in July 2026 that assays were expected back potentially in August, an RC program was planned for September, and a resource estimate was in progress alongside a pilot study in preparation.
What was actually said
milestone
Resource estimate for Poland ISR rare earth project in progress
“We're currently working through our resource estimate and and that's that's not far away.”
Rupert Verco·
20 Jul 2026·
milestone
1,800 m drill program initially intended
“I suppose that's what we do is we need to manage uh risk and reward appropriately. Uh we initially intended to drill two holes”
Rupert Verco·
20 Jul 2026·
milestone
Met program underway to support resource estimate and scoping/PFS level assessments
“we've got an extensive met program underway to support that resource estimate and and to then enable economic studies so scoping PFS level assessments.”
Rupert Verco·
20 Jul 2026·
Show the other 7 statements
milestone
RC program planned for September
“that's something that we're we're planning to do through another RC program in September.”
Rupert Verco·
20 Jul 2026·
milestone
Assays expected back potentially in August
“the assays aren't back yet. Not expected till August uh potentially.”
Rupert Verco·
20 Jul 2026·
milestone
Pilot study for Poland ISR project in preparation
“We're working through what our pilot fuel pilot study will look like in Carson and we expect to be providing updates”
Rupert Verco·
20 Jul 2026·
milestone
field study to demonstrate ISR process in existing well field coming in coming months
“we will be looking to really confirm this in the coming months through a field study where we'll do the ISR process”
Rupert Verco·
25 Jun 2026·
milestone
maiden mineral resource estimate to be supported by drilling results
“what we've defined today is very sufficient to support a maiden mineral resource estimate”
Rupert Verco·
25 Jun 2026·
milestone
18 RC holes drilled; 4 holes back; 14 holes of results to come
“We've done an IP program and we've drilled earlier this year 18 RC holes. We've received the first batch and we've got four holes back. Look, I think we we still have another 14 holes of results to come.”
Rupert Verco·
09 Mar 2026·
milestone
geophysics very soon; drilling blue rose target either just before or just after Christmas
“we expect to be um doing some geo physics very soon and and drilling that blue rose target uh either just before or just after Christmas.”
Rupert Verco·
21 Nov 2025·
Catalysts 1
What was actually said
upcoming result
50m plus 1% copper intersections showing pfrey provenence and scale at Mana Hill
“I'd love to deliver some 50 m uh plus 1% copper intersections that show uh pfrey provenence and scale Matt”
Rupert Verco·
06 Feb 2026·
Corporate 3 statements
Management 3
Key takeaway. Cobra Resources' management points to its technical team's experience.
Read the full summary
The company reports working with Professor Ross Large on geochemistry and has engaged Steven McIntosh, who has decades of experience exploring porphyry systems with Rio. Management also highlights insider confidence: Chairman Andrew Richmore purchased £40,000 worth of shares in July 2026.
What was actually said
insider ownership
Chairman Andrew Richmore purchased 40,000 pounds worth of shares
“Our chair, Andrew Richmore, has has just um uh dis- hired or purchased adding 40,000 pounds worth of shares.”
Rupert Verco·
20 Jul 2026·
track record
Working with Professor Ross Large on geochemistry
“we work very closely with Professor Ross Large who is a legend in terms of geochemistry in the industry.”
Rupert Verco·
20 Jul 2026·
track record
Steven McIntosh engaged, has decades of experience with Rio exploring porphyry systems
“We've just secured the services and support of Steven McIntosh who's got uh years of decades of experience with Rio exploring these systems”
Rupert Verco·
20 Jul 2026·
Sources 5 interviews
Every interview 5
| Date | Channel | Interview | Statements |
|---|---|---|---|
| 20 Jul 2026 | Crux Investor | Cobra Resources (LSE:COBR) - Deeper Drilling Points to Bigger Copper System | 17 |
| 25 Jun 2026 | Crux Investor | Cobra Resources (LSE:COBR) - Scale and Heavy Rare Earth Quality Set This ISR Project Apart | 13 |
| 09 Mar 2026 | Crux Investor | Cobra Resources (LSE:COBR) - Discovers High-Grade Copper & Gold over 74m | 10 |
| 06 Feb 2026 | Crux Investor | Cobra Resources (LSE:COBR) - Targeting Low Cost Rare Earths Through ISR Extraction | 7 |
| 21 Nov 2025 | Crux Investor | Cobra Resources (LSE:COBR) – Maiden Resource Work Begins With 2026 Drill Campaign | 13 |
What else those interviews covered
Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.
Questions people ask
What is Cobra Resources's project and where is it?
Cobra Resources is a explorer rare earths company, with a project stated to be in Australia. Everything here is drawn from its executives' own interviews.
Which interviews mention Cobra Resources?
We track 5 interviews mentioning Cobra Resources, across 1 channel (Crux Investor).
What are investors saying about Cobra Resources?
No independent commentary is on record yet — so far the page carries only the company's own voice.
What do recent interviews with Cobra Resources cover?
The most-discussed topics on record are the deposit, technical risk, timeline, jurisdiction — each claim quoted and dated in the sections above.