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South Australia copper-gold focus for Cobra

After listing on the London Stock Exchange as a shell to go hunting for likely exploration prospects and landing on projects in South Australia’s Gawler Craton and Flinders Ranges, Cobra Resources resumed trading late last week having concluded a £613,330 (A$1.15 million) raising.

South Australia copper-gold focus for Cobra South Australia copper-gold focus for Cobra South Australia copper-gold focus for Cobra South Australia copper-gold focus for Cobra South Australia copper-gold focus for Cobra

London-listed Cobra Resources is looking over some old areas in South Australia’s Gawler Craton and Flinders Ranges

Shares in the minnow, which had not traded since March 2019, two months after its initial float, were up 4% to 1.3p, having peaked at 1.5p, well above the 1p placement level.