25 Shallow Holes Planned as Parabellum Targets Nickel-Cobalt Extensions by Year-End
Parabellum Resources has received official approvals to start drilling at its Miandetta target within the Redlands Project, aiming to confirm and extend nickel-cobalt mineralisation. The program is slated for completion by December 2025, with results expected early next year.
- Drilling approvals granted by NSW Department of Primary Industries
- Approximately 25 shallow Air Core holes planned at Miandetta
- Focus on testing continuity and extensions of nickel-cobalt mineralisation
- Drilling expected to finish by December 2025; assays due early 2026
- Potential upgrade from Exploration Target to JORC-compliant resource
Drilling Approval Marks Key Step for Parabellum
Parabellum Resources Limited (ASX, PBL) has taken a significant stride forward in its exploration efforts by securing drilling approvals from the New South Wales Department of Primary Industries and Regional Development. This green light enables the company to commence a shallow Air Core drilling program at the Miandetta target, part of its broader Redlands Project in NSW.
The Miandetta site holds promise due to previously identified nickel-cobalt mineralisation, which Parabellum aims to better define and potentially expand. The planned drilling campaign will involve approximately 25 shallow holes designed to test the internal continuity of known mineralisation zones and explore extensions into untested areas. This approach reflects a methodical step to validate and potentially increase the resource base.
Strategic Timing and Future Resource Potential
The drilling program is scheduled to wrap up by December 2025, with geochemical assay results anticipated in early 2026. These results will be pivotal, as the company intends to use them to convert the current Exploration Target, still conceptual in nature, into a JORC-compliant mineral resource estimate. Such an upgrade would be a critical milestone, potentially enhancing the project's valuation and attractiveness to investors.
Parabellum’s cautious yet optimistic stance is underscored by the company’s ongoing engagement with local landowners and the tendering process for drilling contractors, ensuring operational readiness and community cooperation. Meanwhile, the company continues to explore acquisition opportunities in precious and base metals, signaling a broader growth strategy beyond the Redlands Project.
Balancing Opportunity with Uncertainty
While the drilling approval and planned program represent positive momentum, it is important to note the inherent uncertainties. The Exploration Target’s tonnage and grade remain conceptual, and there is no guarantee that further drilling will result in a defined mineral resource under JORC standards. Investors should weigh these factors alongside the company’s progress and announcements in the coming months.
Overall, Parabellum’s latest update reflects a disciplined and forward-looking approach to mineral exploration, with a clear focus on unlocking value from its nickel-cobalt assets in a region known for its mineral potential.
Bottom Line?
As drilling gets underway, all eyes will be on assay results that could redefine Parabellum’s nickel-cobalt prospects and shape its next growth phase.
Questions in the middle?
- Will the drilling confirm sufficient continuity to upgrade the Exploration Target to a JORC resource?
- How might assay results influence Parabellum’s acquisition strategy in base and precious metals?
- What are the potential timelines and capital requirements for advancing the Redlands Project post-drilling?
