Parabellum Resources update on mineral exploration interests and operations

Parabellum Resources Limited (ASX: $PBL) has provided an update on its mineral exploration interests and operations. The company will cease all activities in respect to the Khotgor Rare Earths Project in Mongolia after the lapse of the option to acquire the project. Additionally, the company intends to focus on its Redlands Project and other associated projects in New South Wales, Australia, and evaluate new corporate and asset acquisition opportunities in the resource sector.

Executive Commentary on Company's Future Plans

The company aims to prioritize exploration opportunities at its NSW Projects following the cessation of activities in the Khotgor Project. We are committed to evaluating new corporate and asset acquisition opportunities in the resource sector that align with our current mineral exploration projects. Our focus remains on increasing shareholder wealth through the acquisition, exploration, and development of mineral resource projects.

Summary of Parabellum Resources Update

Parabellum Resources Limited (ASX: $PBL) has ceased all activities in respect to the Khotgor Rare Earths Project in Mongolia after the lapse of the option to acquire the project. The company will focus on its Redlands Project and other associated projects in New South Wales, Australia, and intends to progress Phase 2 drilling activities in Quarter 1 2024. Additionally, Parabellum aims to evaluate new corporate and asset acquisition opportunities in the resource sector that align with its current mineral exploration projects. The company's existing project portfolio offers exposure to nickel, cobalt, copper, and gold, and it remains committed to increasing shareholder wealth through the acquisition, exploration, and development of mineral resource projects.