Cobra Resources

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2026 Boland ISR development

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Project milestones

Boland ISR development

RC drilling ongoing; 23 of up to 58 holes done

Funded Blue Rose drilling began in March 2026; option over Manna Hill was exercised after period end (reported 11 Sep 2026). Diamond holes on 24 Sep 2026 showed porphyry-style copper and molybdenum beyond 300m. On 8 Oct 2026 the RC programme (23 holes done, now up to 58 holes) extended Blue Rose strike to beyond 2.2km and found two new skarn systems, Shadow Rose and Neptune Rose, on visual and pXRF evidence only.

Pending assays: MHDD001 and MHDD003 select intervals; petrology and petrophysics pending for all four holes 24 Sep 2026 ↗
RC programme: Up to 6,000m, 52 holes, four prospects incl. Blue Rose extensions, Netley Hill and Anabama; commenced 24 Sep 2026 ↗
Next milestone: First assays from slim-line RC drilling expected in 4-6 weeks from 8 Oct 2026 8 Oct 2026 ↗
Programme: 23 holes (~2,000m) completed of up to 58 holes, ongoing 8 Oct 2026 ↗
Blue Rose strike: Extended from ~1.6km to beyond 2.2km; open 8 Oct 2026 ↗
New discoveries: Shadow Rose (~300m south) and Neptune Rose (~500m north) skarn systems 8 Oct 2026 ↗

Next: first assays from slim-line RC programme

8 Oct 2026 RC drilling ongoing; 23 of up to 58 holes done
24 Sep 2026 Two of four diamond holes reported; RC follow-up begun
11 Sep 2026 All assays in; ERM engaged for maiden MRE
23 Jul 2026 Awaiting maiden MRE; team strengthened

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