SABRE COMPLETES $2M PLACEMENT TO FUND DRILLING OF TENNANT CREEK REGION COPPER and GOLD ACQUISITION PROJECTS

About this update from Sabre Resources Ltd

Sabre Resources Ltd ('Sabre' or 'the Company'), (ASX:SBR), is pleased to announce that following shareholder approval at the 30 June General Meeting of shareholders, it has completed Tranche 2 of the placement announced 27 April 2026 ('Placement')2. Tranche 2 raised gross proceeds of approximately A$1.61 million via the issue of 161,384,518 fully paid ordinary shares in the Company ('Shares') at A$0.01 (1c) per Share. The completion of Tranche 2 of the Placement takes the gross proceeds raised, including Tranche 1 of the Placement previously issued, to A$2.0 Million . The Company has also issued one option for each Placement share issued, comprising 200,000,000 options (Options), which will be exercisable at $0.016 (1.6c) with an expiry date of 30 June 2030 . In addition, 60,000,000 Options are to be issued to the Lead Manager for the Placement, Peak Asset Management, or its Nominee, as part of the capital raising fee. The Company advises that, pursuant to the Appendix 2A to follow this announcement, it has applied to the ASX for the quotation of the Options. As required by the ASX Listing Rules, the Distribution Schedule and list of top 20 new Option holders will also follow this announcement. Funds raised from the Placement will be applied to exploration target definition and drill testing of identified targets on the East Tennant Ridge Projects and the North Arunta Gold Projects, the acquisition of which was approved by shareholders at the General Meeting on the 30 June 2026 . Sabre Resources CEO, Jon Dugdale , commented: 'We are very pleased to have completed and received all funds from the $2M placement to fund exploration of these transformative copper and gold projects in highly prospective regions of the Northern Territory . The acquisition of these major 4,000km2 project areas in the Tennant Creek region presents the Company with a transformative opportunity to test multiple drill-ready gold and copper-gold targets in extensions and potential repeats of the world-class Tennant Creek Mineral field. Tennant Creek has produced over 5.5Moz of gold and 700kt of copper and is the focus of major new processing facilities and corporate transactions, which offer potential for new gold and copper production 20 years since the historical mines closed. Drilling is set to commence testing the first of our drill-ready target areas within the East Tennant Ridge high Prospectivity Corridor, at Kurundi North. Up to 6,000m of drilling will test priority Tennant Creek look-alike targets along strike from this major high-grade Copper-Gold Field. Preparations are also underway to drill-test priority gold targets at the North Arunta Project , where previous high-grade gold intersections are located on major shear zones which are open to the west within the Company's tenements. Drilling will target along strike and at depth within these gold mineralised structures.' About the East Tennant Ridge Projects and North Arunta Project Acquisitions: The Company has received shareholder approval at the 30 June General Meeting of shareholders to acquire 80% of two companies holding extensive gold and copper-gold project areas within the East Tennant Iron-Oxide-Copper-Gold (IOCG) corridor and the North Arunta Gold Project , located in the World Class Tennant Creek Copper-Gold Region of the Northern Territory 1. These highly prospective projects include 4,000km2 of tenements on potential extensions or repeats of major mineralised corridors which have produced over 5.5Moz of gold and 700kt of copper historically3. Multiple, drill-ready, gold and copper-gold targets occur within these key project areas, which include: 1. The East Tennant Ridge IOCG Projects: 2,800km-2 portfolio on extensions of East Tennant Ridge IOCG corridor5. The projects have major, untested gravity and magnetic anomalies analogous to the Tennant Creek Mineral Field footprint. Key targets include: - Kurundi North, gravity-magnetic signature of 'Tennant-Creek' ironstone-copper-gold system, along strike from this major mineral field. Drill-ready targets under copper-gold-bismuth soil anomalies overlying covered targets. - - Buchanan Prospect: large un-tested gravity-magnetic IOCG geophysical signature in major fault zone at 'spine' of East Tennant Ridge . Olympic Dam scale untested target. Frewena Dam Cu Prospect: strong copper mineralisation at surface overlying gravity-magnetic structures in basement. Possible copper leakage from a buried IOCG system. 2. The North Arunta Gold Project : 1,000km-2 tenements on extensions of Kroda Gold Trend, along-strike from high-grade gold intersections such as 12m @ 15.7 g/t Au (Kroda 3)1 with: - - - Significant historical gold intersections from the Kroda 2 Shear-zone structure including 6m @ 3.5 g/t Au1 from 24m in KPD-028 and 3m @ 3.9 g/t Au1 from 9m in KPD-035, and, broad gold intersections up to 18m @ 0.32 g/t Au incl. 3m @ 0.79 g/t Au1 from the Kroda 1 trend, Un-tested extensions of these gold-bearing structures at depth and along strike, with multiple, drill-ready targets indicated by magnetics and anomalous soil geochemistry. About Sabre's Existing Northern Territory Projects - Ngalia Basin and South Arunta Sabre's existing projects in the Northern Territory include an extensive, >1,000km2 tenement package in the Ngalia Basin Uranium Province and southern Arunta Block, 300km north-west of Alice Springs in the Northern Territory. The Company is primarily targeting roll-front/tabular sandstone-hosted deposits at Dingo within the Carboniferous-aged Mt Eclipse Sandstone (MES), similar to other uranium resources in the region such as the Bigrlyi uranium deposit (Mineral Resource: 6.32Mt @ 1,530ppm U3O8, 960ppm V2O5 6). Highly anomalous REE and critical and precious metals results have also been produced in three new target areas at Dingo - Dingo East, Rankins North and Roadside7,8 highlighting potential for these types of deposits which occur in the region. Contact: Jon Dugdale Chief Executive Officer Sabre Resources Limited Tel: +61 (08) 9481 7833 Cautionary Statement regarding Forward-Looking information This document contains forward-looking statements concerning Sabre Resources Ltd. Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward looking statements as a result of a variety of risks, uncertainties, and other factors. Forward-looking statements are inherently subject to business, economic, competitive, political, and social uncertainties, and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward looking information provided by the Company, or on behalf of, the Company. Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes. Forward looking statements in this document are based on the company's beliefs, opinions and estimates of Sabre Resources Ltd as of the dates the forward-looking statements are made, and no obligation is assumed to update forward looking statements if these beliefs, opinions, and estimates should change or to reflect other future developments. Competent Person Statements The information in this report that relates to exploration results, metallurgy and mining reports and Mineral Resource Estimates has been reviewed, compiled, and fairly represented by Mr Jonathon Dugdale. Mr Dugdale is the Chief Executive Officer of Sabre Resources Ltd and a Fellow of the Australian Institute of Mining and Metallurgy ('FAusIMM'). Mr Dugdale has sufficient experience, including over 38 years' experience in exploration, resource evaluation, mine geology, development studies and finance, relevant to the style of mineralisation and type of deposits under consideration to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee ('JORC') Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves. Mr Dugdale consents to the inclusion in this report of the matters based on this information in the form & context in which it appears. (C) 2026 Electronic News Publishing, source ENP Newswire

View stock analysis, news, and events for Sabre Resources Ltd