Cobra Resources plc announced that Australian mining industry professional David Clarke has agreed to take on an executive role as Director, Business Development and Asset Marketing. Mr. Clarke is an eminent Australian geologist who has been instrumental in the discovery and development of several large mining operations. He has over 50 years' professional experience including as a geologist with the Commonwealth Department of the Interior and as Chief Geologist at Santos.

Mr. Clarke played a role in the discovery, development, and production of the million-ounce Tuckabianna gold mine in Western Australia, the Newrybar mineral sand mine in New South Wales, the Mud Tank vermiculite mine in the Northern Territory, and the Mindarie mineral sand mine in South Australia. Mr. Clarke was one of the original vendors of Wudinna to the Company in 2020 and has been a Non-Executive Director of Cobra since 1 May 2020. His transition to an executive position reflects the evolution of Cobra since mid-2023 following the discovery of a substantially scalable ionic rare earth system at Boland which is amenable to a low cost, low disturbance mining method.

His new role is an important step in advancing the commercialisation pathway of the Boland discovery and will enable the Company to expand its marketing capabilities by leveraging David's extensive industry network.