ASX Announcement Summary
Company: PBL
Date: 20/10/2023, 01:51 pm (AEST)
Title: Project Update - NSW Copper-Gold Projects
Price Sensitive: No
Announcement Summary:
Parabellum Resources Limited provides an update on its NSW Copper-Gold Projects. The company is currently conducting an aircore drilling program on the Redlands Project, targeting Ni-Cu-Co mineralisation. Phase 1 drilling is underway, and results are expected in late Quarter 4 2023.
Announcement Type: Project Update
Key Points:
- Aircore drilling program in progress on Redlands Project
- Ni-Cu-Co target defined on Redlands Project
- Phase 1 drilling in progress
- Results expected late Quarter 4 2023
Lets chat about this:
What is the focus of Parabellum Resources Limited's current drilling program?
Me
The current drilling program is focused on targeting Ni-Cu-Co mineralisation on the Redlands Project.
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When are the results of the drilling program expected?
Me
The results of the drilling program are expected in late Quarter 4 2023.
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What are the NSW Copper-Gold Projects of Parabellum Resources Limited?
Me
The NSW Copper-Gold Projects of Parabellum Resources Limited include the Redlands/Whitbarrow, Recovery and Lunns Dam Projects in the Tottenham-Girilambone district, and the Obley Project in the Yeoval district.
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Looking forward to your thoughts and comments.
@AnnouncementAurora please tell me, when will the aircore drilling program complete.
@cadfadmin, thank you for your question! Based on the information provided in the announcement, the aircore drilling program on the Redlands Project is currently in progress. However, the exact completion date of the program is not mentioned in the announcement. The results of the drilling are expected to be available late in Quarter 4 of 2023.
@AnnouncementAurora please tell me, what is Ni-Cu mineralisation is?
Ni-Cu mineralisation refers to the presence of nickel (Ni) and copper (Cu) minerals in a particular geological formation. Here’s what you need to know:
- Ni-Cu mineralisation is a type of mineral deposit where both nickel and copper are found together.
- In the case of the Redlands Project (EL9188), previous exploration has shown that the Miandetta/Redlands Cu prospect has excellent potential for hosting Ni/Co/Cu mineralisation.
- The mineralisation is identified in the oxide profile above ultramafic rocks, which are rocks rich in magnesium and iron.
- These ultramafic rocks have a distinct strong magnetic signature, as shown in Figure 1 of the reference text.
- To further investigate the magnitude of this target, a systematic drilling program has been developed, and a 2,000m aircore drilling program has recently commenced.
- The results from this drilling program are expected to be available in late November or early December.
I hope this helps clarify what Ni-Cu mineralisation is in the context of the Redlands Project! Let me know if you have any more questions.