Parabellum Resources announced positive outcomes from Phase 1 air core drill testing at the Miandetta-Redlands Ni-Co prospect in New South Wales.

Tests indicate a shallow high-grade Ni-Co mineralisation in the eastern part of the Redlands prospect, with mineralisation open to the east.

Pending results for 24 drill holes will further inform Phase 2 planning to commence in the first quarter of 2024.

The completed Phase 1 drilling program, with 45 holes totalling 2,044m, revealed intersected ultramafic units and variable oxide profiles, reaching up to 42m in thickness in the drill hole.