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Sabre Resources Ltd ( (AU:SBR) ) has provided an announcement.
Sabre Resources Ltd has entered into a binding agreement to sell its Ninghan Gold Project to Capricorn Metals Ltd for $1.6 million, with an initial cash deposit and the remainder in Capricorn shares. The deal includes a net smelter royalty and contingent milestone payments, allowing Sabre to benefit from Capricorn’s exploration success while providing funds to pursue other opportunities.
More about Sabre Resources Ltd
Sabre Resources Ltd operates in the mining industry, focusing on exploration and development of mineral resources. The company is involved in various projects, with a market focus on gold exploration through its subsidiaries.
Average Trading Volume: 89,170
Technical Sentiment Signal: Buy
Current Market Cap: A$2.36M
For detailed information about SBR stock, go to TipRanks’ Stock Analysis page.