THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU
WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE
(AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON
THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS
DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC
DOMAIN.
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.
24 February 2025
Cobra Resources
plc
("Cobra"
or the "Company")
Change of a Significant
Shareholder
Cobra
(LSE: COBR), the mineral
exploration and development company advancing a potentially
world-class ionic Rare Earth Elements ("REEs") discovery at its
Boland Project ("Boland") in South Australia, announces a change of
a significant shareholder.
Ausum Pty Ltd has informed the
Company that it has acquired the 52,010,000 ordinary shares held by
Peninsula Resources Pty Ltd (Andromeda Metals Ltd) in an off-market
transfer. Following the transaction, Ausum Pty Ltd holds 6.50% of
the issued capital of the Company.
The TR-1: Standard Forms for
notification of major holdings follow in the appendix
below.
Greg Hancock, Chairman of Cobra, commented:
"We are very pleased to welcome Ausum Pty Ltd,
a sophisticated shareholder with long term objectives, to our
register. Cobra is working to define a low cost and simply unique
critical mineral asset at Boland with potential strategic
importance. The ability to attract a new shareholder to acquire a
large block of shares reflects the opportunity. We thank Andromeda
Metals for the initial opportunity to earn-in to the Wudinna
Project and wish them all the best in financing and bringing their
Great White Kaolin project into production."
Enquiries:
|
Cobra Resources plc
Rupert Verco (Australia)
Dan Maling (UK)
|
via Vigo
Consulting
+44 (0)20
7390 0234
|
|
SI
Capital Limited (Joint Broker)
Nick Emerson
Sam Lomanto
|
+44
(0)1483 413 500
|
|
Global Investment Strategy (Joint Broker)
James Sheehan
|
+44 (0)20
7048 9437
james.sheehan@gisukltd.com
|
|
Vigo
Consulting (Financial Public Relations)
Ben Simons
Kendall Hill
|
+44 (0)20
7390 0234
cobra@vigoconsulting.com
|
The person who arranged for the
release of this announcement was Rupert Verco, Managing Director of
the Company.
About Cobra
In 2023, Cobra discovered a rare
earth deposit with the potential to re-define the cost of rare
earth production. The highly scalable Boland ionic rare earth
discovery at Cobra's Wudinna Project in South Australia's Gawler
Craton is Australia's only rare earth project amenable for in situ
recovery (ISR) mining - a low cost, low disturbance method enabling
bottom quartile recovery costs without any need for excavation or
ground disturbance. Cobra is focused on de-risking the investment
value of the discovery by proving ISR as the preferred mining
method and testing the scale of the mineralisation footprint
through drilling.
Cobra's Wudinna tenements also
contain extensive orogenic gold mineralisation, including a 279,000
Oz gold JORC Mineral Resource Estimate, characterised by low levels
of over-burden, amenable to open pit mining.
Regional map showing Cobra's tenements in the heart of the
Gawler Craton
Follow us on social media:
LinkedIn: https://www.linkedin.com/company/cobraresourcesplc
X: https://twitter.com/Cobra_Resources
Engage with us by asking questions,
watching video summaries and seeing what other shareholders have to
say. Navigate to our Interactive Investor hub here:
https://investors.cobraplc.com/
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https://investors.cobraplc.com/auth/signup
APPENDIX
Form TR1
1.
Issuer Details
ISIN GB00BGJW5255
Issuer Name COBRA RESURCES
PLC
UK
or Non-UK Issuer UK
2.
Reason for Notification
An acquisition or disposal of voting
rights
3.
Details of person subject to the notification
obligation
Name Ausum Pty Ltd
City of registered office (if applicable)
Melbourne Victoria
Country of registered office (if applicable)
Australia
4.
Details of the shareholder
|
Name
|
City of registered office
|
Country of registered office
|
|
Ausum Pty Ltd
|
Melbourne Victoria
|
Australia
|
5.
Date on which the threshold was crossed or
reached
23-Feb-2025
6.
Date on which Issuer notified
24-Feb-2025
7.
Total positions of person(s) subject to the notification
obligation
|
|
%
of voting rights attached to shares (total of
8.A)
|
%
of voting rights through financial instruments (total of 8.B 1 +
8.B 2)
|
Total of both in % (8.A + 8.B)
|
Total number of voting rights held in issuer
|
|
Resulting situation on the date on
which threshold was crossed or reached
|
6.502294
|
0.000000
|
6.502294
|
52,010,000
|
|
Position of previous notification
(if applicable)
|
0.000000
|
0.000000
|
0.000000
|
0.000000
|
8.
Notified details of the resulting situation on the date on which
the threshold was crossed or reached
8A.
Voting rights attached to shares
|
Class/Type of shares ISIN code (if possible)
|
Number of direct voting rights (DTR5.1)
|
Number of indirect voting rights (DTR5.2.1)
|
%
of direct voting rights (DTR5.1)
|
%
of indirect voting rights (DTR5.2.1)
|
|
GB00BGJW5255
|
52,010,000
|
0
|
6.502294
|
0.000000
|
|
Sub Total 8.A
|
52,010,000
|
6.502294%
|
8B1. Financial Instruments according to (DTR5.3.1R.(1)
(a))
|
Type of financial instrument
|
Expiration date
|
Exercise/conversion period
|
Number of voting rights that may be acquired if the instrument
is exercised/converted
|
%
of voting rights
|
|
|
|
|
|
|
|
Sub Total 8.B1
|
|
|
|
8B2. Financial Instruments with similar economic effect
according to (DTR5.3.1R.(1) (b))
|
Type of financial instrument
|
Expiration date
|
Exercise/conversion period
|
Physical or cash settlement
|
Number of voting rights
|
%
of voting rights
|
|
|
|
|
|
|
|
|
Sub Total 8.B2
|
|
|
|
9.
Information in relation to the person subject to the notification
obligation
2. Full chain of controlled
undertakings through which the voting rights and/or the financial
instruments are effectively held starting with the ultimate
controlling natural person or legal entities (please add additional
rows as necessary)
|
Ultimate controlling person
|
Name of controlled undertaking
|
%
of voting rights if it equals or is higher than the notifiable
threshold
|
%
of voting rights through financial instruments if it equals or is
higher than the notifiable threshold
|
Total of both if it equals or is higher than the notifiable
threshold
|
|
|
|
|
|
|
10.
In case of proxy voting
Name of the proxy holder
The
number and % of voting rights held
The
date until which the voting rights will be held
11.
Additional Information
12.
Date of Completion
24 February 2025
13.
Place Of Completion
Melbourne, Victoria,
Australia
**********************************************************************************
Form TR1
1.
Issuer Details
ISIN GB00BGJW5255
Issuer Name COBRA RESURCES
PLC
UK
or Non-UK Issuer UK
2.
Reason for Notification
An acquisition or disposal of voting
rights
3.
Details of person subject to the notification
obligation
Name Andromeda Metals
Limited
City of registered office (if applicable)
Adelaide, South Australia
Country of registered office (if applicable)
Australia
4.
Details of the shareholder
|
Name
|
City of registered office
|
Country of registered office
|
|
Peninsula Resources Pty
Ltd
|
Adelaide, South Australia
|
Australia
|
5.
Date on which the threshold was crossed or
reached
23-Feb-2025
6.
Date on which Issuer notified
24-Feb-2025
7.
Total positions of person(s) subject to the notification
obligation
|
|
%
of voting rights attached to shares (total of
8.A)
|
%
of voting rights through financial instruments (total of 8.B 1 +
8.B 2)
|
Total of both in % (8.A + 8.B)
|
Total number of voting rights held in issuer
|
|
Resulting situation on the date on
which threshold was crossed or reached
|
0.000000
|
0.000000
|
0.000000
|
0.000000
|
|
Position of previous notification
(if applicable)
|
6.502294
|
0.000000
|
6.502294
|
52,010,000
|
8.
Notified details of the resulting situation on the date on which
the threshold was crossed or reached
8A.
Voting rights attached to shares
|
Class/Type of shares ISIN code(if possible)
|
Number of direct voting rights (DTR5.1)
|
Number of indirect voting rights (DTR5.2.1)
|
%
of direct voting rights (DTR5.1)
|
%
of indirect voting rights (DTR5.2.1)
|
|
GB00BGJW5255
|
0.000000
|
0
|
0.000000
|
0
|
|
Sub Total 8.A
|
0
|
0.000000%
|
8B1. Financial Instruments according to (DTR5.3.1R.(1)
(a))
|
Type of financial instrument
|
Expiration date
|
Exercise/conversion period
|
Number of voting rights that may be acquired if the instrument
is exercised/converted
|
%
of voting rights
|
|
|
|
|
|
|
|
Sub Total 8.B1
|
|
·
|
|
8B2. Financial Instruments with similar economic effect
according to (DTR5.3.1R.(1) (b))
|
Type of financial instrument
|
Expiration date
|
Exercise/conversion period
|
Physical or cash settlement
|
Number of voting rights
|
%
of voting rights
|
|
|
|
|
|
|
|
|
Sub Total 8.B2
|
|
|
|
9.
Information in relation to the person subject to the notification
obligation
2. Full chain of controlled
undertakings through which the voting rights and/or the financial
instruments are effectively held starting with the ultimate
controlling natural person or legal entities (please add additional
rows as necessary)
|
Ultimate controlling person
|
Name of controlled undertaking
|
%
of voting rights if it equals or is higher than the notifiable
threshold
|
%
of voting rights through financial instruments if it equals or is
higher than the notifiable threshold
|
Total of both if it equals or is higher than the notifiable
threshold
|
|
Andromeda Metals Limited
|
Peninsula Resources Pty
Ltd
|
6.502294
|
0.000000
|
6.502294
|
10.
In case of proxy voting
Name of the proxy holder
The
number and % of voting rights held
The
date until which the voting rights will be held
11.
Additional Information
12.
Date of Completion
24 February 2025
13.
Place Of Completion
Adelaide, South Australia
