Company Overview & Objectives

Company Overview & Objectives

Cobra Resources plc (“Cobra” or the “Company”) is an exploration, development and mining company whose securities are listed on the main market of London Stock Exchange plc.

The Company’s primary strategy is to focus on the development of advanced resource exploration projects with potential, through the application of disciplined and structured exploration and analysis, to progress towards a sustainable mining operation.  

On 7 March 2019, the Company announced that it had signed an acquisition agreement to acquire 100% of the units in the Lady Alice Trust and the entire issued share capital of the Lady Alice Mines Pty Ltd (“LAM”), an Australian exploration company, as a trustee of the Lady Alice Trust (the “Proposed Acquisition”). 

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The Lady Alice Trust is the sole owner of:

100% of right title and interest in South Australian Exploration Licence Number 6016 (the "Prince Alfred Licence") a formerly producing copper mine (the "Prince Alfred Mine").
An entitlement to earn a 75% equity interest in 6 large tenements near Wudinna in South Australia (the "Wudinna Project") for gold exploration, under the terms of an with Andromeda Metals Limited ("Andromeda"), a company listed on the Australian Securities Exchange, and Peninsula Resources Limited.

For further details on the Proposed Acquisition, please refer to the RNS released on 7 March 2019:

Investment strategy and rationale

With a positive global outlook for both base and precious metals, the directors of the Company (the “Directors”) believe that the current asset portfolio provides an excellent base from which the Company can potentially add significant value through the application of structured and disciplined exploration.

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Where assets in strategic commodities are geologically prospective but undervalued;
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Where the assets may be synergistic to the current portfolio;
2

Where technical knowledge and experience could be applied to add or unlock upside potential;
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Where project diversification will add strategic growth opportunities within an appropriate time frame.

Through the development of the LAM portfolio, coupled with any opportunistic acquisitions, the Directors believe that the Company will offer exposure to the next forecasted “up cycle” which is likely to result from the recent systematic underinvestment in the mining sector.

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© 2019, Cobra Resources

Address

Cobra Resources Limited |
Abbey House | 282 Farnborough Road | Farnborough | Hampshire | GU14 7NA

Contact

T: +44 (0) 203 778 0881
E: rg@cobraresourcesplc.com

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