General comments/chat, page-30657

Cobra announced in December, that they have REE mineralisation overlaying their intersected gold.

From the Cobra website, ann dated 14-12-21

Highlights:

· CBRC0043 intersects 96m at 0.55 g/t gold from 30m including 20m at 1.5 g/t gold from 88m

· CBRC0042 intersects 19m at 0.79 g/t gold from 83m including 5m at 2.62 g/t gold from 95m

· Gold mineralisation is associated with diorite granitic alteration - the broad halo of mineralisation confirms the potential for a significant gold mineral system at Clarke

· Re-analysis of the saprolite horizon at Clarke within CBRC009 (which was drilled in 2020 and intersected 31m at 3.06 g/t gold from 69m) to test for Rare Earth Elements, defines:

o  20m at 550.5 ppm Total Rare Earth Oxides ("TREO") from 30m including:
-    8m at 874.8 ppm TREO from 31m

· The presence of elevated REEs within the saprolite zone, proximal to gold mineralisation, presents a complementary value-add opportunity to considerably increase the Company's mineral resources and improve development economics

· REEs are elevated in valuable 'magnet' elements'* and equate to 26% of the TREO within the reported intercept

· Results are pending for an additional nine holes totalling 1,372m from which mineral assemblages and alteration is consistent with the geology observed within holes CBRC0042 - 43. Both gold and REE results are expected over the next eight weeks

*Magnet rare earths are: Praseodymium, Neodymium, Terbium and Dysprosium

The Wudinna project is located in close proximity to Poochera. Also another asx listed company located to the north east on the Eyre peninsular, reported REE mineralisation within their kaolin drill campaign recently.

James stated that they had some possible news regarding REE, has anyone read anything regarding this?