Parabellum Resources Limited (ASX: $PBL) announces initial Exploration Target

Parabellum Resources Limited (ASX: $PBL) has announced the initial Exploration Target for the Miandetta-Redlands Prospects on the Redlands Project. The Exploration Target comprises areas of nickel-cobalt mineralisation defined at Miandetta and Redlands, extending from surface to a maximum depth of 60m below surface. The company aims to conduct initial metallurgical testwork and drilling to define the limits of the mineralisation in order to calculate a Mineral Resource estimate.

Executive Commentary on Miandetta-Redlands Prospects

This initial Exploration Target highlights the scope for a substantial nickel-cobalt resource to be defined at Miandetta-Redlands. The prospects are strategically located for possible mining development, with existing solar grid power, proximity to the Barrier Highway and a major railway line, and the regional center of Nyngan. The company is reviewing all assay, geological, and geophysical data to undertake systematic metallurgical testwork focused on determining the mineralisation's response to low-cost atmospheric leaching.

Summary of Parabellum Resources' Announcement

Parabellum Resources Limited (ASX: $PBL) has defined an initial Exploration Target for the Miandetta-Redlands Prospects, indicating the potential for a substantial nickel-cobalt resource. The company plans to conduct metallurgical testwork and drilling to further evaluate the mineralisation and calculate a Mineral Resource estimate. The prospects' strategic location and the ongoing review of data demonstrate the company's commitment to systematic exploration and development. The announcement reflects the company's focus on advancing its mineral resource projects and increasing shareholder wealth through strategic acquisitions and exploration efforts.