Quarterly Activities Report

• Initial Mineral Resource Estimate completed for Redlands Project
• Portfolio-scale Prospectivity Review initiated in New South Wales
• Assessment of new project opportunities ongoing

Parabellum Resources Limited (ASX:PBL) has released its Quarterly Activities Report for the period ended 30 September 2026. The report details the company's progress on its exploration projects, including the completion of an initial Mineral Resource Estimate (MRE) for the Redlands Project, which estimates 4.8 million tonnes at 0.77% nickel and 0.04% cobalt. The company has also initiated a portfolio-scale prospectivity review across its New South Wales projects, aiming to identify and prioritize targets for significant mineral deposits. Additionally, Parabellum continues to evaluate new project opportunities that could create value for shareholders. The company held $689,000 in cash at the end of the quarter and incurred $37,000 in exploration expenses.