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Parabellum Resources Limited (ASX:PBL)

ALERT: Price-sensitive ASX Announcement for PBL
Current share price for PBL : $0.061 -0.011 (-15.28%)+
Announcement
Release
29 Apr 2026 6:07PM
Price at Release
$0.072
Full Release
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Summary
Parabellum Resources Limited, trading as Resource Base Limited, reported significant advancements in its exploration projects in the March 2026 quarterly activities report. The company secured access to the Woomera Prohibited Area for EL7054 and identified titanium targets in EL7060 using satellite spectral analysis. The Gawler Craton tenements are positioned near substantial mineral deposits, suggesting high exploration potential. Financially, the company maintained $385,000 in cash reserves, with $29,000 allocated to exploration activities during the quarter. Director payments amounted to $69,000, covering fees and superannuation.
Key Points
  • Resource Base Limited was granted access to the Woomera Prohibited Area for Exploration Licence EL7054 by the Department of Defence.
  • Satellite spectral analysis identified multiple priority titanium targets within EL7060 in the Gawler Craton.
  • The company holds two highly prospective tenements, EL7054 and EL7060, in the Gawler Craton, South Australia.
  • A geological review of historic exploration indicates potential for titanium-bearing mafic intrusive rocks within EL7060.
  • Resource Base Limited's cash reserves as of 31 March 2026 were $385,000.
  • Approximately $29,000 was spent on exploration during the March quarter.
  • Payments to the company's directors totaled $69,000 for fees and superannuation during the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.