Parabellum (ASX:PBL) wishes for critical metals Xmas
October 30, 2023Parabellum Resources’ air-core drilling program across its nickel-copper-cobalt is hoped to yield promising results before Christmas.
Previous exploration of the Redlands Project area highlighted the Miandetta-Redlands prospect as having excellent potential for hosting mineralisation of the battery metals.
The drilling program targeted the ultramafic rocks, which have a distinct, strong magnetic signature.
The program intersected most drill holes with a variable oxide profile that reached a maximum thickness of 42m in drill hole RAC013.
Higher-grade Ni-Cu has previously been intersected within the oxide material, and thus, the program results are considered encouraging.
Results for the Redlands/Whitbarrow, Recovery and Lunns Dam projects in the Tottenham-Girilambone district and the Obley Project in the Yeoval district are pending. Further actions will depend on the result interpretation.
About Parabellum Resources
Parabellum Resources Limited is an Australian minerals exploration company listed on the ASX. The Company acquires, explores and develops mineral resource projects in Australia and Mongolia. It owns tenure in NSW across four projects: the Lunns Dam, Redlands-Whitbarrow, Recovery and Obley Projects.
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