AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Koba Resources (KOB) assigns Harrier Uranium Project rights to Azincourt Energy (TSX-V:AAZ)
- Transaction supports intensified exploration at Yarramba Uranium Project in South Australia
- Koba retains royalty interest, ensuring future exposure to Harrier’s potential
Koba Resources (ASX:KOB) has signed an agreement to assign its full interest in the Harrier Uranium Project in Canada to Azincourt Energy (TSX-V:AAZ), marking a strategic pivot to concentrate on its core Australian operations. Located in Newfoundland and Labrador, the Harrier Project sits approximately 110km northwest of Goose Bay and 70km from Postville, in central Labrador.
Under the agreement, Azincourt will pay C$50,000 (approximately A$56,388) and issue 30 million shares in three separate tranches to Koba. In addition, once the claim option is exercised, Koba will receive a 2% gross production royalty from the project. Half of this royalty may be repurchased by Azincourt at any point for C$1 million in cash. The agreement also outlines an additional 0.5% gross production royalty, with half eligible for repurchase at a fixed price of C$250,000.
These proceeds will fuel Koba’s exploration work at its flagship Yarramba Uranium Project in South Australia and contribute to its general working capital. The Yarramba Project, spanning 4,900km² in the Frome Embayment, lies close to two operational uranium mines and is recognised for its promising uranium potential. Koba recently made three high-grade uranium discoveries in the region during its 2024–25 drilling campaign, reinforcing its belief in the project's strong future potential.
Once the Harrier transaction is completed—expected by 15 May—Azincourt will hold ownership of 1,432 mining claims, further strengthening its presence in Canada’s uranium sector. Meanwhile, Koba retains future upside through its royalty exposure, ensuring it remains linked to any success Azincourt achieves at Harrier.
This move reflects Koba’s sharper focus on projects with high-value potential and existing infrastructure. As global interest in clean energy rises, uranium’s role in sustainable energy generation is increasingly gaining investor attention. With uranium seen as a viable pathway toward lower-emission energy solutions, projects like Yarramba could benefit from long-term tailwinds.
Koba will also be present at the RIU Sydney Resources Round-up, scheduled from 6–8 May, positioning itself among key players in Australia’s mining and exploration landscape. The company’s direction aligns well with trends in the S&P/ASX 200, especially as resource stocks play a pivotal role in market dynamics.
For those tracking future-facing energy projects and long-term resource strategies, Koba’s repositioning offers a noteworthy development in the evolving universe of ASX dividend stocks.
