Cobra announced further re-assay results from the Yarranna Southeast prospect. Yarranna Southeast is located on the Pureba exploration licence at the Company's Western Eyre Peninsula Project. Re-assaying of 25 holes and 674 samples validates historical reports of uranium mineralisation and has enabled Cobra to refine and interpret mineralised roll-fronts, defining priority drill targets for high-grade uranium mineralisation and ionic rare earths.

In addition to REEs, the Company's extensive 4,773 km2Gawler Craton landholding hosts shallow gold resources and several sandstone hosted uranium occurrences. These re-assay results are an important step in the Company's pathway to refining scalable ionic REE targets while simultaneously advancing non-core assets. Rare Earth Intersections:   Signature REE re-assay intersections that occur immediately south (in-front) of defined REDOX controlled uranium mineralisation at Yarranna Southeast: IR 1274 intersects 2m at 788 ppm TREO, where Nd2O3 + Pr6O11 totals 187 ppm and Tb2O3 + Dy2O3 totals 22 ppm from 44m; IR 1187 intersects 4m at 783 ppm TREO, where Nd2O3 + Pr6O11 totals 207 ppm and Tb2O3 + Dy2O3 totals 22 ppm from 60m; IR 1175 intersects 8m at 789 ppm TREO, where Nd2O3 + Pr6O11 totals 232 ppm and Tb2O3 + Dy2O3 totals 14 ppm from 64m, and 4m at 800 ppm TREO, where Nd2O3 + Pr6O11 totals 224 ppm and Tb2O3 + Dy2O3 totals 17 ppm from 74m; IR 1173 intersected 4m at 602 ppm TREO, where Nd2O3 + Pr6O11 totals 115 ppm and Tb2O3 + Dy2O3 totals 8 ppm from 82m;   Signature REE intersections from the Yaninnie Palaeochannel include: 2m at 2,295 ppm TREO, where Pr6O11+ Nd2O3 totals 413 ppm and Tb2O3+ Dy2O3 totals 31 ppm.

Uranium Intersections: Re-assaying has produced the following significant uranium intersections at Yarranna Southeast: IR1435 intersects 3m at 476 ppm U3O8 from 72m including 1m at 789 ppm U3O8 from 72m; IR1436 intersects 1m at 90 ppm U3O8 from 66m; IR1175 intersects 2m at 55 ppm U3O8 from 56m; IR1415 intersects 3m at 54 ppm U3O8 from 92m, and 2m at 49 ppm U3O8 from 96m, and 1m at 43 ppm U3O8 from 100m; IR1419 intersects 3m at 43 ppm U3O8 from 93m; Key information concerning reported uranium intersections: All reported intersections are interpreted as limbs or tails, and not roll-fronts; Priority targeting for high-grade roll-front mineralisation is interpreted to occur between, and south of, drillholes IR1435 - IR1436; Not all historical intersections could be re-assayed as samples were not stored owing to radioactivity levels and had been disposed prior.