Parbo Resources Begins Trading on ASX After AU$5 Million IPO

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Parbo Resources (ASX:PRB) will start trading on the ASX on Tuesday after completing its fully underwritten AU$5 million initial public offering (IPO), according to a same-day Australian bourse filing.

New Murchison Gold (ASX:NMG) became a 17.5% strategic shareholder in Parbo.

Parbo identified four high-priority drill targets across its Mount Padbury gold project and Bryah Basin copper-gold project in Western Australia, and a maiden aircore drilling program of around 5,600 meters is underway at the the Brians Mill prospect at Bryah Basin, per the filing.

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