Cobra Resources PLC (LON:COBR) Director Craig Moulton Interview
February 20, 2020
Great to speak to you today Craig, we have been following Cobra with interest following your works programme onsite, can you give our listeners an overview of the Wudinna project and recent activity/news?
We know It was originally a Newcrest project, so has the pedigree to interest one of the world’s largest gold miners.
Cobra (LSE: COBR), an exploration, development and mining company.
Following feedback from potential and current investors, the Company has adjusted its programme of work, staging the exploration programme at Wudinna into three phases, consisting of smaller, more focused inputs and outputs. This approach will de-risk the project as Cobra progresses through these stages, while reducing the initial spend on the exploration programme as originally designed.
· Initially, the Company had planned a geochemical sampling programme followed immediately by a drilling programme at the Wudinna project. The Company has adjusted its approach into a three-staged geochemical programme, with the aim of improving the definition of the drilling targets prior to drilling, reducing spend and improving target definition.