What Sable Resources does

Sable Resources Ltd. is a junior grassroots mineral exploration company headquartered in Vancouver, British Columbia, listed on the TSX Venture Exchange (TSXV: SAE) and OTCQB (SBLRF). The company's stated function is to discover tier-one precious and base metal deposits through systematic greenfield exploration in pro-mining, well-endowed jurisdictions, with a current portfolio spanning the San Juan Regional Program in Argentina (~163,969 hectares across Don Julio, El Fierro, Cerro Negro, Zorro, and La Poncha) and a British Columbia portfolio (Copper Queen, Copper Prince, Core Mountain), with a Mexico Regional Program under application.

The company applies conventional but modern exploration workflows including geological mapping, MMI soil sampling, GroundMag and UAV-Mag surveys, induced polarization, spectral alteration analysis, and 3D modeling to generate and drill porphyry Cu-Au-Mo and epithermal Au-Ag targets. Notable technical outputs include the 720m x 580m Pyros Cu-Au-Mo porphyry system at El Fierro with drill intercepts up to 3.06% CuEq over 8m, and the La Gringa target drill intercept of 2.21% CuEq over 11.1m at Don Julio.

Sable's business model is that of a pre-revenue explorer rather than a producer. It does not sell products or services; instead it monetizes exploration assets through three channels: (1) earn-in agreements with major mining partners (historically South32 at Don Julio, now Moxico Resources at El Fierro and Cerro Negro), (2) royalty sales and grants to royalty companies (Osisko Gold Royalties, OR Royalties), and (3) equity financings through private placements and bought deals with retail and institutional investors. Customer segments are exclusively major and mid-tier mining companies seeking exposure to grassroots-stage optionality, and the company operates with a 1-10 employee headcount typical of TSX-V listed juniors.

Name

Sable Resources

Legal name

Sable Resources Ltd.

Website

https://sableresources.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Sable Resources Ltd. is a pre-revenue junior grassroots mineral exploration company that discovers copper-gold and precious metal deposits through systematic exploration in Argentina and British Columbia, monetizing assets via earn-in agreements, royalty sales, and equity financings to major mining companies.

Ownership category

akta.pro rank

Product category

Mineral Exploration Services

NAICS

Gold Ore and Silver Ore Mining (212220), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industries

Copper Exploration & Resource Development (IMAKADAA), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

Keywords

• Mineral exploration
• Precious metals exploration
• Copper gold exploration
• Grassroots exploration
• Porphyry exploration

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Earn-in Agreement Funding: Major mining companies (South32, Moxico Resources) provide exploration funding in exchange for the right to earn interests in Sable's projects through completing exploration milestones and investments.
2. Property and Royalty Sales: Sable sells third-party royalties and grants royalties on its properties (e.g., to Osisko Gold Royalties, OR Royalties) to generate non-dilutive financing and milestone payments.
3. Equity Financings: The company raises capital through private placements and bought deal offerings, issuing shares to fund exploration activities. Examples include C$12.5 million private placement in 2021 and C$1.75 million placement with Moxico Resources in 2025.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Sable Resources Ltd. is a junior grassroots mineral exploration company that identifies, consolidates, and advances precious and base metal projects through systematic geological exploration in pro-mining jurisdictions. The company monetizes its exploration assets primarily through earn-in agreements, joint ventures, and royalty sales to major mining companies, while maintaining exposure to discovery upside.

Product overview

Sable Resources Ltd. is a well-funded junior grassroots explorer focused on the discovery of Tier-One precious metal and copper projects through systematic exploration. The company's portfolio consists of multiple exploration projects organized into regional programs: the San Juan Regional Program (163,969 ha) in Argentina incorporating Don Julio, El Fierro, Cerro Negro, Zorro, and La Poncha projects; and the Canada Regional Program covering British Columbia properties including Copper Queen (15,133 ha), Copper Prince (3,980 ha), and Core Mountain (1,925 ha). Projects are advanced through various partnership arrangements including earn-in agreements with South32 (Don Julio) and Moxico Resources (El Fierro, Cerro Negro). The company operates as a unified exploration portfolio with projects ranging from early-stage grassroot targets to advanced porphyry drilling programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Zorro Project A newly discovered copper-gold project in San Juan, Argentina, covering 5,236 hectares with multiple mineral occurrences including Zorro Cu target (intrusion-related copper), Zorro Veins (epithermal Au-Ag), and Zorro Bx (magmatic-hydrothermal breccias), with samples up to 4.38% Cu, 140 g/t Au, and 584 g/t Ag. Targeted at major mining partners.
• Don Julio Project A 69,350-hectare porphyry project in San Juan, Argentina, containing multiple porphyry targets (La Gringa, Poposa, Amarillo, Punta Cana, Tocota), intermediate sulfidation zones, and skarn targets. Subject to a South32 earn-in agreement with over 12,000m drilled across multiple campaigns. Targeted at major mining companies.
• El Fierro Project A large 10km x 10km Miocene magmatic-hydrothermal system in San Juan, Argentina, surrounding the Pyros Cu-Au-Mo porphyry centre. Partnered with Moxico Resources, which can earn up to 51% interest through an earn-in agreement. Features high-grade epithermal veins and porphyry mineralization.
• Cerro Negro Project An early-stage grassroots exploration project in San Juan, Argentina, exploring for concealed porphyry systems under Quaternary gravels. Features magnetic and IP anomalies with MMI soil anomalies indicating porphyry-related metals. Partnered with Moxico Resources.
• Copper Queen Project
• Copper Prince Project
• Core Mountain Property
• La Poncha Project

Quantifiable outcome

• Drill intercept of 2.21% CuEq over 11.1m including 8.42% CuEq over 0.7m at La Gringa target
• +3 more outcomes

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Moxico Resources plccoreStrategic or Co-development Partner · 18 July 2025Moxico Resources invested C$1.75 million in Sable through a private placement, acquiring approximately 9.9% equity stake. Moxico has an option to earn up to 51% of the El Fierro Project and Cerro Negro property by completing a series of investments and payments over five years. The partnership includes funding for the Pyros Cu-Au-Mo porphyry drill program. Moxico is encouraged by results and the systematic work completed by Sable's team.
• South32 LimitedcoreStrategic or Co-development Partner · 28 January 2021South32 signed an earn-in agreement to jointly explore the Don Julio Project in San Juan, Argentina. South32 funds all exploration expenditures at Don Julio under the agreement. The partnership has funded multiple drilling campaigns totaling thousands of meters of drilling at targets including La Gringa, Punta Cana, Tocota, and Fermin. The agreement was terminated in July 2025.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• NGEx Minerals: NGEx Minerals explores copper-gold porphyry systems in South America (Los Helados, Lunahuasi), making it a direct peer to Sable's San Juan-based copper-gold exploration.
• Filo Corp: Filo Corp is a copper-gold-silver explorer advancing the Filo del Sol and Vicuña district projects in Argentina/Chile, directly comparable to Sable's Argentina-focused copper-gold porphyry strategy.
• Solaris Resources: Solaris Resources explores the Warintza copper-molybdenum porphyry project in Ecuador; comparable as a copper-gold porphyry junior explorer with major-miner partnership exposure.
• Aldebaran Resources: Aldebaran Resources advances the Altar copper-gold project in San Juan, Argentina, a direct jurisdictional and geological peer to Sable's Don Julio/El Fierro/Zorro projects.
• MAG Silver: MAG Silver is a silver-focused explorer/developer with a major-miner partnership (Juanicipio with Fresnillo); comparable as a precious-metals junior with similar partnership-driven value creation.
• Aben Resources: Aben Resources is a Canadian junior explorer with gold-copper projects in British Columbia and the Yukon, comparable in scale and stage to Sable's BC exploration portfolio.
• International Tower Hill Mines: International Tower Hill Mines is a gold-focused junior explorer with advanced-stage projects in Alaska; comparable as a single-commodity precious-metals junior in a similar stage profile.

Others

• Gold Royalty Corp: Gold Royalty Corp is a precious-metals royalty company; comparable to Sable's royalty-sale financing strategy (Osisko/OR Royalties transactions) rather than direct exploration competition.

Regional players

• Los Andes Copper: Los Andes Copper develops the Vizcachitas copper-molybdenum porphyry project in Chile; a regional South American copper exploration peer with similar deposit-type targeting.
• Austral Gold: Austral Gold operates gold-silver production and exploration in Argentina and Chile; comparable regional precious-metals operator in Sable's jurisdiction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sable-resources-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sable Resources