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Sabre Resources Limited (ASX:SBR)

ALERT: Price-sensitive ASX Announcement for SBR
Current share price for SBR : $0.007 0 (0%)+
Announcement
Release
13 Jul 2026 8:26AM
Price at Release
$0.007
Full Release
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Summary
Sabre Resources Limited has successfully completed a $2 million placement to advance its exploration initiatives in the Tennant Creek region, Northern Territory. This funding will facilitate drill testing of promising copper-gold targets at the Kurundi North and North Arunta projects, which span 4,000 km² of tenements located in a historically productive mining corridor. With shareholder approval, Sabre aims to commence up to 6,000 meters of drilling at Kurundi North, focusing on Tennant Creek-like mineralisation. High-grade historical gold intersections at North Arunta further underscore the project's potential. The funding was raised via a share placement, comprising 161,384,518 shares issued at A$0.01 each.
Key Points
  • Sabre Resources completed a $2 million placement to fund exploration in the Tennant Creek region.
  • Drilling will target copper-gold projects at Kurundi North and North Arunta in the Northern Territory.
  • The projects cover 4,000 km² of tenements in a historically mineral-rich area.
  • Kurundi North will undergo up to 6,000m of aircore and RC drilling.
  • Previous high-grade gold intersections were noted in the North Arunta project.
  • Shareholder approval was secured for the acquisition of these projects.
  • The placement involved issuing 161,384,518 shares at A$0.01 per share.
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.