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An update from Parabellum Resources Ltd. ( (AU:PBL) ) is now available.
Parabellum Resources has reported results from its Phase 3 air core and reverse circulation drilling at the Miandetta nickel-cobalt prospect within the Redlands Project, confirming multiple shallow, high-grade Ni-Co intercepts and demonstrating strong continuity of mineralisation. The drilling expanded the mineralised footprint to the west and south, supporting the geological model for significant near-surface nickel-cobalt oxide mineralisation and prompting an ongoing review of assay, geological and geophysical data to plan further exploration across Miandetta and the wider Redlands Project.
The most recent analyst rating on (AU:PBL) stock is a Hold with a A$0.06 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 ASX-listed exploration company focused on base metals, particularly nickel and cobalt, within its Redlands Project in New South Wales. The company targets near-surface oxide mineralisation over ultramafic rocks, aiming to define shallow, potentially open-pittable resources that can leverage growing demand for battery and energy-transition metals.
Average Trading Volume: 75,532
Technical Sentiment Signal: Buy
For detailed information about PBL stock, go to TipRanks’ Stock Analysis page.