Australia's Sabre Resources gains most in two weeks on gold project sale

Sabre Resources

24/04/2025 03:37

** Shares of Sabre Resources SBR.AX rise as much as 16.7% to A$0.007, their biggest intraday percent gain since April 10

   ** The minerals explorer has entered into a binding agreement with Capricorn Metals CMM.AX to sell the Ninghan Gold Project

** Transaction consideration is A$1.6 million ($1.02 million)

** YTD, Sabre stock down 30%

   ($1 = 1.5711 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((nichiket.sunil@thomsonreuters.com))