Australia's Sabre Resources jumps on launching exploration programme at uranium project
18/01/2024 02:58
** Shares of Sabre Resources SBR.AX rise as much as 31% to
A$0.038, set for best day since Nov. 14 - if current gains hold
** Stock hits highest level since Nov. 30
** Diversified miner launches exploration programme at Dingo
Uranium Project in Northern Territory after previous drilling
identified high-grade uranium results of up to 5,914ppm eU3O8
** Says the high-grade uranium find is interpreted to
continue for more than 50 km within granted tenements
** About 19.1 mln shares change hands, compared with the
30-day average volume of 1.3 mln
** Stock down 14.7% this year, as of last close
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.Kumar@thomsonreuters.com;))
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