Parabellum Resources Limited announced the commencement of a 2,000 metre diamond drilling program and bulk sampling program at the Khotgor REE Project. The metallurgical drilling and surface trenching will be targeting the higher grade resource areas to obtain a 50 tonne bulk metallurgical sample for a JORC Feasibility Study for the Khotgor REE Project that is currently scheduled to commence in second quarter of 2023. PBL has initially planned approximately 14 holes of metallurgical infill drilling for a total drill program of 2,000 metres, mainly within the initial 10 years of the open pit design plan.

The holes will be between 150 metres and 200 metres in depth, with average depth of 170 metres. The Company will be drilling large PQ diameter core holes to maximise core sample recovery. Additionally, ore samples will also be taken from a number of surface trenches to be used for further geotechnical testwork.

In total will be collecting approximately 50 tonnes of sample that will be used for the initial stages of the Definitive Feasibility Study (DFS) for the Khotgor REE Project. The DFS is currently being scheduled to commence in second quarter of 2023 subject to completing the Khotgor REE Scoping Study in first quarter of 2023. Core samples from the drilling will be used for a variety of comminution, variability and geotechnical testwork and will also be combined with the ore from the surface trenching to produce a bulk flotation concentrate to optimize the metallurgical flow sheet being developed at the Scoping Study stage.

Subsequently, the flotation concentrate will be used to optimise the hydrometallurgical flowsheet being designed to produce an NdPr saleable product.