Parabellum Resources Ltd. (AU:PBL) has released an update.
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Parabellum Resources Ltd. has identified a significant initial exploration target at its Miandetta-Redlands Prospects, hinting at a substantial nickel-cobalt deposit within the surface to 60m depth range. The company has already started preliminary metallurgical testwork on bulk samples and plans further drilling to establish a Mineral Resource estimate. The prospects are advantageously situated near infrastructure and power sources, enhancing their potential for mining development.
For further insights into AU:PBL stock, check out TipRanks’ Stock Analysis page.