REG - Cobra Resources PLC - Change of a Significant Shareholder

Cobra ResourcesAnnouncement

24/02/2025 09:30

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RNS Number : 1944Y  Cobra Resources PLC  24 February 2025

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 (https://cobraplc.com/) (LSE: COBR)
(https://www.londonstockexchange.com/stock/COBR/cobra-resources-plc/company-page)
, 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                           via Vigo Consulting

 Rupert Verco (Australia)                      +44 (0)20 7390 0234

 Dan Maling (UK)

 SI Capital Limited (Joint Broker)             +44 (0)1483 413 500

 Nick Emerson

 Sam Lomanto

 Global Investment Strategy (Joint Broker)     +44 (0)20 7048 9437

 James Sheehan                                 james.sheehan@gisukltd.com
 Vigo Consulting (Financial Public Relations)  +44 (0)20 7390 0234

 Ben Simons                                    cobra@vigoconsulting.com

 Kendall Hill

 

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
(https://www.linkedin.com/company/cobraresourcesplc)

X: https://twitter.com/Cobra_Resources (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/ (https://investors.cobraplc.com/)

 

Subscribe to our news alert service:
https://investors.cobraplc.com/auth/signup
(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  % of voting rights
                                                                            exercised/converted

 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  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                          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  % of voting rights
                                                                            exercised/converted

 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  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                          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

 

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