Parabellum Eyes Major Nickel-Cobalt Discovery

Parabellum Resources Ltd. (AU:PBL) has released an update.

Parabellum Resources Ltd. has identified a significant exploration target in the Miandetta-Redlands prospects, with estimates ranging from 10 to 17 million tonnes of nickel and cobalt mineralisation. Metallurgical testing is underway to advance the project towards a Mineral Resource estimate, with results anticipated in the third quarter of 2024. The company’s efforts are part of its broader exploration activities in New South Wales, where it holds several exploration licenses.

For further insights into AU:PBL stock, check out TipRanks’ Stock Analysis page.