By Christian Moess Laursen
Cobra Resources said Monday that drilling results at its Wudinna project in South Australia show significant potential for resource growth.
The Australia-focused mining company said the drilling results from reverse circulation and aircore drilling show intervals up to 25 meters and total rare earth oxides grades up to 3.568 parts per million.
The company said the results will be included in a rare earth mineral resource update, which is scheduled to publish once the update to the existing gold mineral resource estimate has been completed, expected in the second half of the year.
Write to Christian Moess Laursen at christian.moess@wsj.com
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