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Sable Resources ( (TSE:SAE) ) has provided an announcement.
Sable Resources Ltd. has entered into a binding letter agreement with Moxico Resources plc, granting Moxico an exclusive option to acquire a 51% stake in Sable’s El Fierro Project and Cerro-Negro Property in Argentina. This partnership, which includes a comprehensive exploration and expenditure plan, aims to advance these tier-one exploration assets, with Sable managing the exploration programs during the option period. The agreement is expected to enhance Sable’s operations and industry positioning by leveraging Moxico’s financial and development expertise.
More about Sable Resources
Sable Resources Ltd. is a company operating in the mining industry, focusing on the exploration and development of mineral properties. Its primary products are related to large-scale porphyry copper, gold, and molybdenum deposits, with a market focus in Argentina.
YTD Price Performance: 10.0%
Average Trading Volume: 42,590
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6M
See more data about SAE stock on TipRanks’ Stock Analysis page.