Cobra Resources reported H1 2026 results highlighting high-grade copper-gold intersections at the Blue Rose discovery and the completion of a 74-hole drilling program at Wudinna. The company also formally exercised its option to acquire the Manna Hill Copper Project and is advancing metallurgical and permitting work for an ISR demonstration at Wudinna.
Cobra Resources' diamond drilling at the Blue Rose prospect indicates that the deep copper zone and the shallow skarn are distinct alteration systems. While pXRF readings and core logging show promising porphyry indicators at depth, official assay results are expected in Q3 or Q4 2026.
Hillgrove Resources has significantly expanded its copper resource at the Kanmantoo operation to approximately 150,000 tonnes, up from 70,000 tonnes, plus 83,000oz of gold. Managing Director Bob Fulker highlighted the company's focus on converting these resources to reserves through drilling in 2025.
