Parabellum Resources Says Initial Mineral Resource Estimate for New South Wales Prospect Completed, Shares Fall Past 3%
MT Newswires Live
Sep 18
Parabellum Resources (ASX:PBL) said that an initial mineral resource estimate at the Miandetta prospect, part of the Redlands project in New South Wales, was completed by an independent consultant, Mining One, according to a Friday Australian bourse filing.
The estimate resulted in a combined indicated and inferred resource of 4.8 million tonnes at 0.77% nickel and 0.04% cobalt for 37,000 tonnes of contained nickel and 1,900 tonnes of contained cobalt.
Its shares fell 3% in recent trading on Friday.
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