Issuance of Fee Shares

Cobra Resources PLC

23 November 2023

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

23 November 2023

Cobra Resources plc

("Cobra" or the "Company")

Issuance of Fee Shares

Cobra, an exploration company focused on the Wudinna Gold and Rare Earth Project in South Australia, announces it has issued 170,000 ordinary shares of 1 pence each in the capital of the Company ("Fee Shares") to Market Bull Pty Ltd in lieu of payment for services rendered pursuant to an engagement letter dated 31 July 2023.

Admission and Total Voting Rights

The Company has made applications to the Financial Conduct Authority and the London Stock Exchange in connection with the admission of 170,000 Fee Shares which is expected to occur at 8.00 a.m. on 24 November 2023 ("Admission"). The Company hereby notifies the market, in accordance with the FCA's Disclosure Guidance and Transparency Rule 5.6.1, that, following Admission, the Company's issued share capital will consist of 592,549,550 ordinary shares, each with one vote. The Company does not hold any ordinary shares in treasury. Following Admission, the total number of voting rights in the Company will be 592,549,550 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

Cobra Resources plc Rupert Verco (Australia) Dan Maling (UK)	via Vigo Consulting [phone]
SI Capital Limited (Joint Broker) Nick Emerson Sam Lomanto Shard Capital Partners LLP (Joint Broker) Erik Woolgar Damon Heath	[phone]                                             [phone]
Vigo Consulting (Financial Public Relations) Ben Simons Kendall Hill	[phone]

The person who arranged for the release of this announcement was Rupert Verco, Managing Director of the Company.

About Cobra

Cobra is defining a unique multi-mineral resource at the Wudinna Gold and Rare Earth Project in South Australia's Gawler Craton, a tier one mining and exploration jurisdiction which hosts several world-class mines. Cobra's Wudinna tenements totalling 1,832 km², and other nearby tenement rights totalling 1,429 km², contain highly desirable and ionic rare earth mineralisation, amenable to low-cost, low impact in situ recovery mining, and critical to global decarbonisation.

Cobra's Wudinna tenements also contain extensive orogenic gold mineralisation and are characterised by potentially open-pitable, high-grade gold intersections, with ready access to infrastructure. Cobra has 22 orogenic gold targets outside of the current 279,000 Oz gold JORC Mineral Resource Estimate, and several iron oxide copper gold (IOCG) targets.

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