Koba Raises $4.35M, Targets Up to 26.1% Tin and 15.3% Tungsten in Upcoming Drilling
Koba Resources has secured $4.35 million to advance exploration at its newly acquired Stannary Hills and Mt Garnet tin-tungsten projects, with drilling scheduled to begin in late Q1 2026. The company also plans to recommence uranium drilling at its Yarramba Project in February, following promising high-grade intercepts.
- Drilling to commence late Q1 2026 at Stannary Hills focusing on Kitchener Trend and Jiminy Prospect
- Initial sampling reveals tin assays up to 26.1% and tungsten up to 15.3%
- Yarramba Uranium Project drilling set for February 2026 targeting high-grade Everest Prospect
- Completed $4.35 million placement to fund aggressive exploration programs
- Acquisition of Stannary Hills and Mt Garnet projects from EV Resources now complete
Strategic Acquisition and Exploration Momentum
Koba Resources Limited (ASX – KOB) has marked a significant step forward in its exploration ambitions with the completion of its acquisition of the Stannary Hills and Mt Garnet tin-tungsten projects in Queensland. This move, finalized in late 2025, positions Koba to capitalise on the surging tin and tungsten markets, which have seen prices spike due to supply constraints and robust demand.
The company has aggressively advanced its exploration program, underpinned by a $4.35 million capital raising completed during the quarter. This funding boost is earmarked to support an extensive drilling campaign scheduled to commence in late Q1 2026, targeting high-grade tin mineralisation along the historically productive Kitchener Trend and the underexplored Jiminy Prospect.
High-Grade Targets and Encouraging Sampling Results
Initial reconnaissance sampling across the Stannary Hills project has yielded impressive results, with tin assays reaching as high as 26.1% at the Jiminy Prospect and 21.3% at the Stannex Prospect within the Mt Garnet project. These findings confirm the presence of widespread, high-grade mineralisation that has yet to be fully tested by modern drilling techniques.
The Kitchener Trend, a 5km strike length hosting multiple historical mines, remains a focal point. Historical mining along a 1.3km section produced approximately 120,000 tonnes of ore at an average grade of 2.3% tin, but the area has seen limited exploration since 1985. Recent rock chip samples from this trend have returned grades up to 13.5% tin, underscoring the potential for new discoveries between and beneath old workings.
Expanding Tungsten and Uranium Prospects
Beyond tin, Koba is also exploring the tungsten potential within these projects. Rock chip sampling has revealed tungsten grades up to 15.3%, with significant anomalies extending over large strike lengths. The company plans to undertake targeted follow-up work to define tungsten-specific drill targets, reflecting the metal's rising strategic importance and price strength.
Meanwhile, in South Australia, Koba is preparing to recommence drilling at the Yarramba Uranium Project in February 2026. The focus will be the Everest Prospect, where previous drilling identified multiple high-grade uranium intercepts exceeding 1,000ppm eU3O8 over a 4km strike. This project benefits from proximity to established uranium deposits, enhancing its strategic value.
Financial Position and Forward Outlook
At the end of December 2025, Koba held nearly $5 million in cash, providing a solid financial foundation to execute its exploration plans. The company’s capital structure includes over 285 million shares on issue, supplemented by options and performance rights, reflecting a well-supported growth strategy.
Looking ahead, Koba intends to deploy induced polarisation surveys along the Kitchener Trend to refine drill targeting and extend soil sampling programs to expand known mineralisation zones. These initiatives aim to build a robust pipeline of drill-ready targets across both tin-tungsten projects.
Bottom Line?
With drilling imminent and high-grade targets confirmed, Koba Resources is poised to unlock significant value amid rising tin, tungsten, and uranium markets.
Questions in the middle?
- Will initial drilling confirm extensions of high-grade tin mineralisation at Kitchener and Jiminy?
- How will tungsten-specific exploration reshape the project’s resource potential?
- What impact will uranium drilling results at Yarramba have on Koba’s strategic positioning?
