Sabre Resources Signs agreement with Metals Australia
- Sabre Resources (SBR) signs a binding agreement with Metals Australia (MLS) to earn 80 per cent interest in the Nepean South project near Coolgardie
- Under the agreement, Sabre will pay $40,000 in cash to Metals and will then earn the 80 per cent interest by spending $200,000 within five years of signing
- Sabre plans to rapidly advance detailed ground magnetics and EM to assist drill-targeting for massive nickel sulphides
- Additionally, the company has acquired interest in two other nickel sulphide projects in WA
- Shares in Sabre have been in the grey at 0.5 cents, meanwhile shares in Metals have been up 100 per cent trading at 0.2 cents
