Cobra Resources Reports New Copper Discoveries at Manna Hill Project in Australia

03:59 AM EDT, 10/21/2026 (MT Newswires) -- Cobra Resources (COBR.L) reported three new copper discoveries at the Manna Hill project in South Australia, which the company said materially upgrades the copper and gold potential of the project area. The mineral exploration and development company said Wednesday that drillhole MHRC0029 hit 32 meters at 0.7% copper and 0.07 grams per tonne of gold from 52 meters. The hole also identified potassic alteration, which Cobra considers the most compelling indicator of a high-grade copper porphyry zone. Two discoveries were also made through drillholes MHRC0025 and MHRC0024. The Shadow Rose Skarn, 200 meters south of Blue Rose, returned 58 meters at 0.46% copper and 0.15 grams per tonne of gold. The Neptune Rose skarn, 500 meters north of the Blue Rose Skarn discovery, intersected 10 meters at 0.39% copper and 0.06 grams per tonne of gold. Cobra completed 32 drill holes totaling more than 2,800 meters. It extended its drilling program to 64 holes.