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Sabre Resources Limited (ASX:SBR)

ALERT: Price-sensitive ASX Announcement for SBR
Current share price for SBR : $0.007 -0.004 (-36.36%)+
Announcement
Release
27 Apr 2026 10:38AM
Price at Release
$0.011
Full Release
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Summary
Sabre Resources Limited has announced a transformational acquisition with the acquisition of 80% of Brema Resources Pty Ltd, which owns the East Tennant Ridge Iron-Oxide-Copper-Gold (IOCG) projects. This acquisition involves issuing milestone shares based on the achievement of specific mineral resource targets. Additionally, Sabre has secured funding to progress the projects to a Decision to Mine, further supported by a $2 million placement to bolster its financial position. Regulatory, shareholder, and third-party approvals are required for the completion of this acquisition.
Key Points
  • Sabre Resources to acquire 80% of Brema Resources Pty Ltd.
  • Acquisition includes East Tennant Ridge IOCG projects.
  • Issuance of milestone shares conditional on resource targets.
  • Funding secured until Decision to Mine stage.
  • $2 million placement to strengthen financial position.
  • Regulatory, shareholder, and third-party approvals needed.
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.