Koba welcomes a third new high-grade uranium discovery at its Everest prospect in SA

KOB makes new high-grade discovery at Yarramba uranium project in SA
Maiden drilling at the Everest prospect returned multiple intercepts >1000ppm
With three discoveries under their belt KOB plans to continue drilling at multiple untested targets throughout >250km of palaeochannels

Special Report: Koba Resources has made a new high-grade discovery at the Everest prospect within its Yarramba uranium project in South Australia, reporting multiple intercepts >1000ppm over 4km of strike from maiden drilling.

Notably, Everest is immediately north of Boss Energy’s (ASX:BOE) 10.7Mlb Jason’s Deposit and their Honeymoon uranium mine.

Koba Resources (ASX:KOB) has now made three new high-grade discoveries (>1000ppm) since commencing step-out exploratory drilling in October 2024.

The best drill results from this most recent discovery at Everest include :

1.0m at 558ppm from 85.9m, including 0.4m 1001ppm
2.1m at 330ppm from 95.7m, including 0.3m at 1012ppm
0.8m at 558ppm from 94.7m, including 0.3m at 1037ppm; and
0.9m at 535ppm from 90.1m.

Mineralisation remains open along strike and across trend, and the company is working to acquire the additional permits required to continue drill testing at Everest and a multitude of compelling, high-priority targets.

The Everest prospect sits within the highly endowed Yarramba Palaeochannel. Source: KOB.

Potential to find even more uranium

Koba says this early exploration success demonstrates the considerable potential to continue to discover additional high-grade uranium via infill and extensional drilling at the recent Everest, Berber (1.6m at 1026ppm) and Chivas (0.5m at 1028ppm) discoveries – as well as testing targets new targets along >250km of paleochannels.

“We are very pleased to have made a third significant high-grade uranium discovery during our inaugural drilling program at our flagship Yarramba uranium project,” KOB managing director and CEO Ben Vallerine said.

“Our most recent discovery has resulted in the delineation of a 4km trend that includes multiple drill intercepts grading more than 1000ppm eU3O 8 at our new Everest prospect.

“The discovery of multiple new high-grade prospects during our maiden drilling program confirms the considerable potential to make additional discoveries throughout the more than 250km of palaeochannels located within our 5000km2 Yarramba project.

“The Everest prospect is located just 4km north of the 10.7Mlb Jason Deposit, and 17km north of the Honeymoon Uranium mine, within the Yarramba Palaeochannel that hosts over 50Mlbs of U3O8.

“This demonstrates how fertile this palaeochannel is for uranium mineralisation.

“Further drilling will now be undertaken at Everest to delineate the extents of the mineralisation and locate the thickest and highest-grade zones, that may well lie between the first-pass broadly-spaced drill holes.”