Initial Mineral Resource Estimate at Miandetta Prospect

Key points

• Initial Mineral Resource Estimate at Miandetta prospect completed
• Combined Indicated and Inferred resource of 4.8 Mt at 0.77% Ni and 0.04% Co
• MRE hosted in weathered profile from surface to a depth less than 50m

Full summary

Parabellum Resources Limited has announced the completion of the Initial Mineral Resource Estimate (MRE) for the Miandetta Prospect, part of the Redlands Project in New South Wales. The MRE estimates a combined Indicated and Inferred resource of 4.8 million tonnes grading 0.77% nickel (Ni) and 0.04% cobalt (Co), containing 37,000 tonnes of Ni and 1,920 tonnes of Co. The mineralisation is hosted in the weathered profile, extending from surface to a depth generally less than 50 meters. The MRE was completed by an independent consultant, Mining One Pty Ltd, following several drilling programs between 2023 and 2025. The company plans to undertake further work, including expansion and infill drilling, to increase the size and confidence of the MRE. Additionally, a prospectivity review of the Company's tenements in NSW is ongoing, with results expected in Q4 CY 2026.