Cobra Resources Shareholders Approve All 12 Resolutions at 2026 AGM

Every resolution put to the vote at Cobra Resources' Annual General Meeting was carried by a poll, with support ranging from 97.28% to 99.74% of votes cast. Cobra Resources shareholders passed all 12 resolutions put to the company's Annual General Meeting (AGM) on June 18, 2026, each carried by the required majority on a poll. The resolutions confirmed the board, granted the directors' share and capital authorities, and approved the exercise of the Manna Hill Option as a substantial property transaction.

Company Overview

Cobra Resources (LSE: COBR) is a South Australian critical minerals developer advancing assets across all stages of the pre-production pathway. In 2023, the company identified the Boland ionic rare earth discovery at its Wudinna Project in the Gawler Craton, described as Australia's only rare earth project suitable for in situ recovery (ISR) mining, a low-cost, low-disturbance method that removes the need for excavation. In 2025, it optioned the Manna Hill Copper Project in the Nackara Arc and sold its Wudinna Gold Assets to Barton Gold for up to A$15 million in cash and shares.

Poll Outcome

Cobra held its Annual General Meeting (AGM) on June 18, 2026, putting 12 resolutions to shareholders, of which 9 were ordinary and 3 special. A poll was held on each, and every resolution was passed by the required majority. Proxy appointments that gave discretion to the chairman of the meeting were counted within the votes in favour.

Resolutions Approved

Shareholders approved the company's 2025 Annual Report and the Directors' Remuneration Report, and confirmed the board through the appointment of Andrew Michelmore and the re-election of Rupert Verco, Daniel Maling, and David Clarke as directors. They also reappointed Littlejohn LLP as auditor and authorised the directors to fix its remuneration.

On capital matters, shareholders granted the directors authority to allot shares, to disapply pre-emption rights, to undertake market purchases of the company's own shares, and to call a general meeting on not less than 14 clear days' notice. They further approved the exercise of the Manna Hill Option as a substantial property transaction. A copy of that resolution has been submitted to the Financial Conduct Authority (FCA) via the National Storage Mechanism under Listing Rule 22.2.6R and will be available for public inspection.

Voting Margins & Withheld Votes

Support on votes cast was near-unanimous across the slate, ranging from 97.28% in favour of the re-election of David Clarke to 99.74% on several resolutions, including approval of the 2025 Annual Report and the authority for market purchases of the company's own shares.

Two resolutions drew substantially larger numbers of withheld votes: the re-election of David Clarke, with 89,270,907 votes withheld, and approval of the Manna Hill Option, with 96,523,137 votes withheld. Most other resolutions recorded withheld counts of 60,000 to 62,111, with the exceptions of the authorities to allot shares and disapply pre-emption rights, which each saw approximately 950,000 votes withheld. A vote withheld is not a vote in law and is not counted in the proportion of votes for and against a resolution. The company had 1,060,070,849 shares in issue at the voting date.

Next Steps

The authorities granted at the meeting are now available to the directors, including the powers to allot shares, disapply pre-emption rights and buy back the company's own shares. The full text of all resolutions is set out in the notice of AGM published on the company's website.