Koba Resources - KOB (ASX) News & Expert Insights from Stockhead

Koba’s transition to uranium explorer in South Australia has been a timely one with the price of uranium reaching its highest level since 2007 when it shot above $100 per pound in January 2024.

Koba’s Yarramba Uranium Project comprises over 5,100km2 of highly prospective tenure. A large land package in the Frome Embayment that is set amongst existing uranium producers, and contains over 250mlbs of uranium resources. The Yarramba Project is located just 17km north of the Honeymoon Uranium Operation and 120km southeast of the Beverley Uranium Operation that has produced over 40mlbs of uranium over 20 years of continuous operation.

The mineralisation in the Frome Embayment primarily occurs in paleochannel-hosted deposits. The Yarramba Project itself includes over 250km of highly-prospective paleochannels. Previous exploration within Koba’s Yarramba Project has delineated extensive uranium mineralisation, including the 4.6mlb Oban Uranium Deposit, which demonstrates the enormous potential for Koba to make sizeable discoveries elsewhere in the 5,100km2 tenement package.

KEY PEOPLE

Mr Vallerine has more than 20 years’ experience in the mining industry. He has been involved in a senior management capacity with exploration and development resource projects, across a range of commodities, including uranium, predominantly in Australia and North America.

Mr Vallerine has been the Managing Director of Koba Resources for over 2 years and is also a Non-Executive Director of Global Uranium and Enrichment (ASX: GUE).

Mr Vallerine was the Exploration Manager and Director of the former ASX-listed, uranium-focused explorer Black Range Minerals. Whilst living in the USA Mr Vallerine was responsible for the in-country management and built a portfolio of over 90mlbs of U₃O₈ through successful exploration and acquisitions.

Mr Vallerine holds a Bachelor of Science degree with Honours in economic geology from the University of Tasmania and is a member of the Australian Institute of Geoscientists.

Mr Couzens has more than 10 years’ experience in exploration specifically targeting uranium deposits. During his career he has held positions with Cameco Australia Pty Ltd, Heathgate Resources Pty Ltd, Cauldron Energy Limited and Mega Hindmarsh Pty Ltd exploring for uranium in Australia and Argentina. Mr Couzens holds a Bachelor of Science degree with Honours in geology from the University of Adelaide and is a member of the Australasian Institute of Mining and Metallurgy.

Mr Couzens was a member of the exploration team that discovered the world-class Four Mile deposits which comprise part of the Beverley Operation that is located 120km northwest of Koba’s Yarramba Uranium Project.

Mr Couzens was also the Exploration Manager at Cauldron Energy where he managed the exploration programs that resulted in the increase of the resource base at the Bennett Well Deposit from 4.8mlbs to 30.9mlbs of U3O8.

Mr Couzens is based in Adelaide and has strong operational experience in South Australia, including a comprehensive understanding of permitting requirements. He has an extensive network of experienced contractors and consultants to draw upon to help implement the Company’s upcoming work programs

Mr Haynes has almost 30 years’ experience in the mining industry. He has been intimately involved in the exploration and development of resource projects, targeting a wide variety of commodities, throughout Australia and extensively in Southeast and Central Asia, Africa, North and South America, and Europe. Mr Haynes holds a Bachelor of Science degree with Honours in geology and geophysics from the University of Western Australia.

Over the past sixteen years Mr Haynes has been intimately involved in the incorporation, ongoing financing and management of numerous resources companies including as Managing Director of Uranium-focused explorer Black Range Minerals for over 10 years.

Mr Haynes is currently the Managing Director of New World Resources Limited.