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Sabre Resources Limited (ASX:SBR)

ALERT: Price-sensitive ASX Announcement for SBR
Current share price for SBR : $0.006 -0.003 (-33.33%)+
Announcement
Release
30 Apr 2026 2:05PM
Price at Release
$0.009
Full Release
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Summary
Sabre Resources Limited reported on its quarterly activities and cash flow for the period ending 31 March 2026. Expenditure for the quarter was $429k, with $166k going towards exploration. The company had a cash balance of $3.66 million as of 31 December 2025. During the quarter, Sabre raised $600,000 from a share placement and announced agreements to acquire 80% of Brema and North Tennant projects in the Northern Territory. Further funding of $2.0 million was arranged through a placement managed by Peak Asset Management. These funds will support exploration activities in the Tennant Creek and Arunta regions. The Appendix 5B cash flow report shows net cash outflows from operating activities of $353k and highlights that the company has around 10.48 quarters of funding available at the current expenditure rate.
Key Points
  • Quarterly expenditure was $429k, including $166k for exploration.
  • Cash balance at the end of the quarter was $3.66 million.
  • $600,000 was raised through a share placement.
  • Agreements signed to acquire 80% of Brema and North Tennant projects.
  • Planned $2.0 million placement managed by Peak Asset Management.
  • Funds targeted for exploration in Tennant Creek and Arunta regions.
  • Net operating cash outflow was $353k.
  • Estimated funding available for 10.48 quarters.
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.