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Sabre Resources Limited (ASX:SBR)

ALERT: Price-sensitive ASX Announcement for SBR
Current share price for SBR : $0.006 -0.002 (-25%)+
Announcement
Release
4 Jun 2026 8:20AM
Price at Release
$0.008
Full Release
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Summary
Sabre Resources Ltd has received approval from the Northern Territory government for a maiden drilling program at the Kurundi North Project, targeting Tennant Creek look-alike sites within the East Tennant Ridge Iron-Oxide-Copper-Gold (IOCG) corridor. The program involves up to 5,000 meters of aircore/reverse circulation drilling designed to test identified targets under shallow cover at Kurundi North, which is situated approximately 80 km southeast of the world-class Tennant Creek Copper-Gold Field. This initiative follows Sabre's acquisition of Brema Resources and North Tennant Minerals, subject to shareholder approval at an upcoming General Meeting. The Tennant Creek region is undergoing significant transformation due to corporate activity and new mining developments, highlighting the exploration potential of this major copper-gold terrane.
Key Points
  • Approval received from Northern Territory government for drilling at Kurundi North.
  • Up to 5,000 meters of drilling planned to test Tennant Creek look-alike targets.
  • Targets feature gravity-magnetic signature of a 'Tennant-Creek' ironstone-hosted copper-gold system.
  • Kurundi North lies southeast of Tennant Creek, within extensions of major deposits.
  • Sabre Resources is acquiring Brema Resources and North Tennant Minerals.
  • Drilling to commence after shareholder approval on 30 June.
  • Tennant Creek region experiencing a renaissance with new developments and acquisitions.
  • Kurundi North project located in East Tennant Ridge IOCG project area.
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.