Parabellum Resources Limited (ASX:PBL) is a minerals exploration company focused on gold, copper, nickel and cobalt projects in Australia. Incorporated in 2020 and headquartered at 52 Ord Street, West Perth, Western Australia, the company holds 100% interests in four exploration projects in the prospective Tier 1 mining region of central-west New South Wales; these include the Lunns Dam, Redlands-Whitbarrow, Recovery and Obley projects covering approximately 690 square kilometres in the Tottenham-Girilambone district and 180 square kilometres in the Yeoval district. Core activities encompass acquisition, exploration and development of mineral resources targeting massive sulphide copper-gold, nickel, cobalt and rare earth deposits through geophysical surveys, desktop studies, soil sampling, mapping and drilling programs. In the June 2025 quarter, the company advanced planning for exploration at its New South Wales projects, including desktop studies for additional drilling at Redlands to expand the existing Exploration Target, while successfully renewing two tenements (EL 8847 and EL 8852) post partial relinquishment and lodging renewal for EL 9188; it also relinquished the Obley tenement (EL 8846) and reported $1.4 million in cash with strict cost controls. Recent strategic shifts include a capital return of A$324,828 from its Temarise Limited investment following the lapse of the Khotgor rare earths project option in Mongolia, alongside board restructuring with Mark Hohnen and Peter Secker stepping down and Fabio Vergara appointed as Non-Executive Director to pursue new precious and base metals acquisitions. The company maintains a focus on business development, evaluating joint ventures, farm-ins and equity opportunities in precious and base metals to complement its portfolio and drive growth in the non-energy minerals sector.