Rupert Verco

the mineralization system extends beyond the skarn and into a much greater porphyry system.

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.

So, we now have mineralization in this zone down to 300 m. So, that we're adding considerable scale

South Australian focused explorer and developer with a in situ recovery heavy rare earth project and a large-scale copper porphyry project

we have the confidence that we can chase this deltaic or or sort of flank system over very many kilometers

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.

we have the Mannequin copper project and the Poland ISR rare earth project in South Australia.

we have a mineralized skarn. It's very shallow. Um but that copper has been sitting this skarn system from something.

South Australian focused explorer and developer with a in situ recovery heavy rare earth 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

they've it's long been theorized that this is a scan style mineralization that's related to a larger porefree system.

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.

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.

we're pushing half a million tons of contained copper metal straight away.

for standard rare earth projects, you might be operating at a a $18 to $20 US uh a kilo MREC operating cost

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.

We're currently working through our resource estimate and and that's that's not far away.

that's something that we're we're planning to do through another RC program in September.

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

We're working through what our pilot fuel pilot study will look like in Carson and we expect to be providing updates

the assays aren't back yet. Not expected till August uh potentially.

we will be looking to really confirm this in the coming months through a field study where we'll do the ISR process

what we've defined today is very sufficient to support a maiden mineral resource estimate

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.

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.

Hello, I'm Robert Vero, managing director of Cobra Resources PLC. We're South Australian Focus with significant copper and rare earth projects.

South Australian focused explorer and developer uh that are progressing two significant critical minerals assets

London listed South Australian focused critical minerals company.

ive geology that's been locked up uh through native title for many years... we have the approvals now to get on the ground.

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

we work very closely with Professor Ross Large who is a legend in terms of geochemistry in the industry.

Our chair, Andrew Richmore, has has just um uh dis- hired or purchased adding 40,000 pounds worth of shares.

anhydrite is a sulfate rich mineral that represents the mineralizing fluid of this kind of off that heat source.

The first hole that we drilled to about 440 m intersected a potassic zone with some lighter chalcopyrite

in some holes, it's as high as 60 kg of sulfuric acid per ton of material traded

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

what we've effectively achieved is sort of a transmissivity of rate of 8 m a day

our indicative modeling sort of has that time frame of anywhere between 30 to 60 days based on these permeabilities

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

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

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.

we've recovered almost 80% of that tracer over two days

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.

you're operating in sands that could be made of shell grit. Shell grit can be carbonate rich. Carbonates consume acid.

the risk in in terms of investment risk in rare is very much with the metallurgy and and cost of recovery.

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.

I'd love to deliver some 50 m uh plus 1% copper intersections that show uh pfrey provenence and scale Matt