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The latest announcement is out from Parabellum Resources Ltd. ( (AU:PBL) ).
Parabellum Resources reported completion of Phase 3 air core and reverse circulation drilling at the Miandetta nickel-cobalt prospect within its Redlands Project in New South Wales, confirming the continuity of shallow, higher-grade mineralisation within the top 50 metres of the weathered profile. The latest campaign, comprising 26 holes for 968 metres, delivered multiple near-surface intercepts above 0.5% nickel, with results indicating that high-grade mineralisation is predominantly hosted in saprolite, which prior metallurgical work suggests is more amenable to atmospheric acid leach processing, potentially improving project economics. Alongside these technical advances, the company is actively assessing new precious and base metal acquisition opportunities, signalling a strategic push to expand its portfolio and create additional value for shareholders.
The most recent analyst rating on (AU:PBL) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Parabellum Resources Ltd. stock, see the AU:PBL Stock Forecast page.
More about Parabellum Resources Ltd.
Parabellum Resources Limited is an Australian exploration company focused on precious and base metals, with a portfolio of nickel, copper, gold and cobalt projects in New South Wales. Its key assets include the Redlands/Whitbarrow, Recovery and Lunns Dam projects in the Tottenham-Girilambone district, covering about 690 square kilometres, where it targets near-surface, high-grade mineralisation suitable for modern processing technologies.
Average Trading Volume: 77,711
Technical Sentiment Signal: Buy
Find detailed analytics on PBL stock on TipRanks’ Stock Analysis page.