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Koba Resources Limited (ASX:KOB)

ALERT: Price-sensitive ASX Announcement for KOB
Current share price for KOB : $0.035 -0.002 (-5.41%)+
Announcement
Release
5 May 2026 9:01AM
Price at Release
$0.037
Full Release
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Summary
Koba Resources Limited announced significant advancements in its Yarramba Uranium Project in South Australia, particularly at the Everest Prospect. The latest drilling program yielded multiple high-grade uranium intersections, extending the mineralised trend by 50% to over 6km and discovering a new mineralisation zone, 'Everest Bend'. The intersections included significant grades exceeding 1,000ppm eU3O8. Koba plans to continue exploration with additional drilling scheduled for the second half of 2026, subject to approvals. These developments highlight substantial potential for further discoveries within their extensive project area.
Key Points
  • Discovery of high-grade uranium mineralisation at Everest Prospect.
  • Everest Prospect located within Yarramba Uranium Project, South Australia.
  • The recent drill program returned the thickest and highest-grade intersections to date.
  • Significant drill results include multiple intersections >1,000ppm eU3O8.
  • The mineralised trend at Everest extended by 50%, now delineated over 6km.
  • Discovery of a new zone called 'Everest Bend'.
  • The company is planning further drilling in H2 2026.
  • Koba Resources Limited is listed on ASX as KOB.
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.