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Sabre Resources Ltd ("Sabre" or "the Company") is an Australian based exploration and development company listed on the Australian Securities Exchange under the symbol "SBR".
The Company has an issued share capital of 109,802,997 fully paid ordinary shares, plus the following classes of options.
- 23,000,000 options exercisable at 10 cents each on or before 31 December 2012;
- 8,750,000 options exercisable at 25 cents each on or before 30 November 2011;
- 250,000 options exercisable at 30 cents each on or before 1 November 2010;
- 250,000 options exercisable at 40 cents each on or before 1 November 2010.
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The primary focus of Sabre Resources Ltd (Sabre) is the exploration and development of the Ongava Poly-Metallic Project in Namibia. Our licence contains over 30 known copper, lead, zinc and vanadium occurrences, ranging from grass-roots prospects, through unmined deposits such as Border and Driehoek, to historic mine sites such as Harasib Claims and Uitsab. In additon, Ongava is fertile ground for new discoveries like our Kaskara copper-lead-zinc discovery in 2009. Gallium, germanium, silver and gold, are also highly prospective.
The Ongava Project is located less than 40km from the historic, world class Tsumeb copper-lead-zinc-silver mine. Tsumeb operated for over 90 years and produced in excess of 24.9Mt @ 5.5% copper, 11.5% lead, 4.0% zinc, and 172g/t silver. (Source: Geological Survey of Namibia)
Sabre will build value for shareholders through strategic exploration of our licence area, leading to the definition of JORC compliant resources in this metal-rich region. Extensive exploration, management and corporate experience are combined in a lean company structure that aims to provide maximum return to shareholders.
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