Parabellum Resources Limited

Parabellum Resources Limited (ASX:PBL) (‘Parabellum’ or ‘the Company’), wishes to provide an update regarding return of capital from the Company’s investment in Temarise Limited (‘Temarise’) and changes to the Board of Directors.  HIGHLIGHTS • Parabellum confirms receipt of A$324,828 from Temarise as a return of capital from the Temarise investment. • Board of Directors restructured. Contact: Peter Ruse

Parabellum Resources Limited (ASX: PBL) (‘Parabellum’, or ‘the Company’), is pleased to announce that it has now completed a program of preliminary metallurgical testwork to determine metallurgical recovery characteristics of the #nickel and #cobalt mineralisation at the Redlands nickel laterite project in NSW from an atmospheric, low temperature, sulphuric acid leach flow sheet. Initial results indicate that nickel recoveries of over 90% were achieved from some of the samples. The Redlands/Whitbarrow, Recovery and Lunns Dam Projects in the Tottenham-Girilambone district comprises four granted exploration licenses covering approximately 690km²; and the Obley Project in the Yeoval district comprises one granted exploration license covering approx. 180km². Parabellum Executive Director, Peter Secker commented: ”The Miandetta-Redlands prospect area was identified by the Company as having significant potential for hosting oxide near surface nickel-cobalt mineralisation in August 2023. The Phase 2 drilling program completed in February 2024 has confirmed the potential of both the Miandetta and Redlands prospects to host significant, near surface nickel-cobalt mineralisation. The results obtained from the recent metallurgical testwork program are considered very encouraging. With initial nickel recoveries of >90% achieved through the atmospheric acid leach flow sheet, this provides a very positive strategy for the next stages of project development and economic evaluation.” Download the announcement here: https://lnkd.in/gxybWnZY Contact: Peter Ruse

Parabellum Resources Limited (ASX:#PBL) (‘Parabellum’, or ‘the Company’), provides an update to shareholders on its activities during the June 2024 quarter (‘Quarter’). HIGHLIGHTS: >Significant Exploration Target defined at the Miandetta-Redlands Prospects, of between 10 and 17 million tonnes at a grade of between 0.8% and 0.9% Nickel and 0.04% and 0.05% Co >Initial Exploration Target comprises areas of nickel-cobalt mineralisation defined at Miandetta and Redlands. >Metallurgical testwork for Ni atmospheric leach has commenced with results expected Q3, 2024 >Next stage will be an additional drilling program to define the limits of the mineralisation in order to calculate a Mineral Resource estimate. Contact: Peter Ruse

Quarterly Activities Report for the period ended 31 March 2024 Parabellum Resources Limited (ASX:PBL) (‘Parabellum’, or ‘the Company’), provides an update to shareholders on its activities during the March 2024 quarter (‘Quarter’) below. HIGHLIGHTS: ▶️Very encouraging results received for Phase 2 Air core / RC percussion drill testing of Miandetta-Redlands Ni-Co prospect including 28m @ 0.95% Ni and 26m @ 0.91% Ni. ▶️Mineralisation still open to the East at Redlands and to the West and South at Miandetta. ▶️These higher-grade results appear to be developed predominantly in saprolite material which is considered more amenable to atmospheric leach processing techniques than laterite. ▶️Net stages of project evaluation will include preliminary metallurgical testwork. Contact: Peter Ruse

HIGH GRADE NEAR SURFACE NICKEL-COBALT MINERALISATION AT MIANDETTA INCLUDE 36m @ 1.1% Ni Parabellum Executive Director, Peter Secker commented: ”The Miandetta-Redlands prospect area was identified by the Company as having significant potential for hosting oxide near surface nickel-cobalt mineralisation in August 2023. This Phase 2 drilling program completed in February 2024 has confirmed the potential of both the Miandetta and Redlands prospects to host significant, near surface nickel-cobalt mineralisation. The drilling has significantly expanded the footprint of the nickel-cobalt mineralisation and the results obtained are considered very encouraging. The Company is currently reviewing all assay, geological and geophysical data in order to undertake appropriate systematic metallurgical testwork focused on determining whether the mineralisation intersected responds well to low cost atmospheric leaching.” 

Parabellum Resources Limited (ASX:PBL) (‘Parabellum’ or ‘the Company’) is pleased to announce that it has commenced a further drilling program at its Redlands Ni/Co Project in NSW. This drilling program will comprise some 50 holes at Redlands and Redlands West, with approximately 2,000 metres of drilling from surface down to 50 metres depth. The program is targeting the higher-grade nickel grade ultramafic Ni oxide mineralisation encountered in the last drilling program in Q4, 2023. In addition, a further 20 holes are currently planned in the Miandetta area, focusing on shallower targets at a depth of 30 to 40 metres below surface. It is anticipated that the first of the assay results will be available before the end of H1CY2024. Further updates will be provided as drilling progresses

Parabellum Resources Limited (ASX:PBL) (‘Parabellum’, or ‘the Company’), provides an update to shareholders on its activities during the December 2023 quarter (‘Quarter’) below. HIGHLIGHTS: ▶️Redlands hole RAC013 intersects 32 metres of 1.05% Ni and 744ppm Co from surface ▶️RAC027 intersects 18 metres of 1.08% Ni and 463ppm Co ▶️Follow up drilling program scheduled for Redlands in Q1, 2024 Contact Peter Ruse

Parabellum Resources intersects further near-surface nickel-cobalt at Redlands https://lnkd.in/dbBKXqxG

FURTHER SIGNIFICANT NEAR SURFACE NICKEL-COBALT MINERALISATION INTERSECTED AT REDLANDS PROJECT Parabellum Resources Limited (ASX: PBL) (‘Parabellum’, or ‘the Company’), is pleased to update shareholders on the results of its maiden drilling program at the Miandetta-Redlands Ni-Co prospect, New South Wales completed in October 2023 (Table 2). The Redlands/Whitbarrow, Recovery and Lunns Dam Projects in the Tottenham-Girilambone district comprises four granted exploration licenses covering approximately 690km²; and the Obley Project in the Yeoval district comprises one granted exploration license covering approx. 180km². Parabellum Executive Director, Peter Secker commented: ”The Miandetta-Redlands prospect area was identified by the Company as having significant potential for hosting oxide near surface nickel-cobalt mineralisation in August 2023. The drilling program completed in late October has confirmed the potential of this area to host significant mineralisation and the results obtained are considered very encouraging. The Company is currently reviewing all assay, geological and geophysical data in order to plan appropriate systematic follow up drilling focused on expanding the size of the nickel-cobalt mineralization.” Read the announcement here: https://lnkd.in/dfPEKWaV

Parabellum Resources to focus on NSW assets as it eyes acquisition opportunities https://lnkd.in/dx9MhkBk