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Koba Resources Limited (ASX:KOB)

ALERT: Price-sensitive ASX Announcement for KOB
Current share price for KOB : $0.035 -0.027 (-43.55%)+
Announcement
Release
7 Oct 2025 10:00AM
Price at Release
$0.062
Full Release
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Summary
Koba Resources Limited has announced a binding agreement to acquire two high-grade tin-tungsten projects, Stannary Hills and Mt Garnet, located in North Queensland's Herberton Tin Field. These projects, spanning 432 square kilometers, offer drill-ready targets and are noted for their historically high-grade tin production. The acquisition is strategically timed with strong market conditions for tin and tungsten, and is accompanied by a successful $4.35 million placement from both new and existing investors. The funds will be used to acquire the projects, and support exploration and drilling activities at both the tin-tungsten and the Yarramba Uranium Project sites. The company is poised to begin field programs in the fourth quarter of 2025, further leveraging the high-grade mineralization potential identified in historical drilling results.
Key Points
  • Koba Resources Limited acquires 100% interest in two tin-tungsten projects in North Queensland.
  • Projects located in the Herberton Tin Field, second largest tin production region in Australia.
  • Stannary Hills and Mt Garnet projects feature numerous historical mines with high-grade production.
  • Koba secures $4.35 million in placement funds, subject to shareholder approval.
  • Funds allocated for project acquisition, exploration drilling, and working capital.
  • Initial field programs set to start in Q4 2025.
  • Historical drilling shows significant high-grade tin and tungsten mineralization.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.