What Sabre Resources does

Sabre Resources Limited (ASX: SBR) is a publicly listed Australian junior mineral exploration company headquartered in West Perth, founded in 1986, with a portfolio focused on critical metals, uranium-vanadium, and gold across Western Australia and the Northern Territory. The company's flagship asset is the Sherlock Bay Nickel-Copper-Cobalt Project in the Pilbara region of WA, which holds a JORC 2012 Mineral Resource of 24.6Mt at 0.40% NiEq (containing 99,200t Ni, 21,700t Cu, 5,400t Co). Sabre also holds an 80% interest in the Ngalia Uranium-Vanadium Project in the NT (comprising the Dingo and Lake Lewis sub-projects), an 80% interest in the Cave Hill Lithium Project (700km²) and Nepean South Nickel Project in the Eastern Goldfields of WA, and an 80% interest in newly acquired (April 2026) copper-gold projects in the East Tennant and North Arunta regions of the NT. Exploration is conducted using conventional geophysical methods (drone magnetics, DHEM, gravity, radiometrics, passive seismic) combined with diamond, RC, and aircore drilling.

Sabre is pre-revenue and does not yet produce minerals commercially; it operates as a classic junior explorer creating value through exploration success, with eventual monetisation expected via project sale, joint venture, farm-out, or progression to production. The company raised approximately A$10.8M in equity placements between 2022 and 2026 and held A$3.5M in cash as of 31 December 2025. Market capitalisation stood at approximately A$5.9M (A$2.4M enterprise value) as of March 2026 on 454.46M shares on issue. The go-to-market motion is investor-relations-driven, with primary capital raising through ASX placements and prospectuses and corporate development via farm-out/JV arrangements (e.g., Nepean South farm-out to Metals Australia). The board and management include geologists with prior discovery track records (CEO Jon Dugdale, ex-WMC and MPI Mines) and chartered accountants with resources-sector experience.

Name

Sabre Resources

Legal name

Sabre Resources Limited

Website

https://sabresources.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

Sabre Resources (ASX: SBR) is a pre-revenue Australian junior mining explorer focused on nickel-copper-cobalt, lithium, uranium-vanadium, and gold projects across Western Australia and the Northern Territory, with a JORC resource at its flagship Sherlock Bay project.

Ownership category

akta.pro rank

Product category

Mining Exploration

NAICS

Gold Ore and Silver Ore Mining (21222), Copper, Nickel, Lead, and Zinc Mining (21223), Other Metal Ore Mining (212290)

SIC

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

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Gold Mining (IMAKAEAA), Copper Exploration & Resource Development (IMAKADAA)

Keywords

• Mineral exploration
• Critical metals exploration
• Nickel sulphide exploration
• Lithium exploration
• Uranium vanadium exploration

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Others

Revenue model

1. Mineral exploration and development: Pre-revenue junior mining explorer focused on discovering and defining mineral resources through systematic exploration programs. The company has not yet reached production. Revenue generation will ultimately derive from sale of concentrates, offtake agreements, joint venture payments, or project divestment/acquisition by larger mining companies.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Sabre Resources Limited is a pre-revenue junior mining explorer focused on the exploration and development of nickel sulphide, lithium, gold, uranium-vanadium, and copper-gold projects in Western Australia and the Northern Territory. The company acquires and advances mineral tenements (held at 70–80% interest) located along strike from major third-party discoveries, then uses diamond, aircore and RC drilling combined with geophysical surveys (DHEM, drone magnetics, gravity, radiometrics, passive seismic) to identify and delineate mineral resources. The flagship asset is the Sherlock Bay Nickel-Copper-Cobalt Project with a JORC 2012 Mineral Resource of 24.6Mt @ 0.40% NiEq.

Product overview

Sabre Resources Limited is a single-focus mining exploration company with a diversified portfolio of mineral exploration projects. The company operates a collection of distinct exploration projects rather than a unified software platform: the Sherlock Bay Nickel-Copper-Cobalt Project (flagship) in Western Australia's Pilbara region, the Ngalia Uranium-Vanadium Project in the Northern Territory (comprising Dingo and Lake Lewis sub-projects), the Cave Hill Lithium Project including Nepean South Nickel tenements in the Eastern Goldfields of WA, and the Andover East/Northeast lithium prospects in the Pilbara. Additionally, the company recently acquired copper-gold projects in the East Tennant and North Arunta regions of the Northern Territory. There is no software product, platform, or SaaS offering.

Differentiator

Problem solved

Functional benefit

Products and services

• Sherlock Bay Nickel-Copper-Cobalt Project A critical metals project in the Pilbara region of Western Australia featuring a nickel sulphide deposit with JORC 2012 Mineral Resource of 24.6Mt @ 0.40% Ni, 0.09% Cu, 0.02% Co, containing 99,200t Ni, 21,700t Cu, and 5,400t Co. Held at 70% interest. Four new diamond drill-holes intersected massive sulphides within broader semi-massive to stringer sulphide zones over a 500m strike-length.
• Ngalia Uranium-Vanadium Project Uranium-vanadium exploration project in the Ngalia Basin, Northern Territory, comprising two granted exploration licences and five applications. Includes the Dingo sub-project (targeting fluvial, sandstone-hosted uranium-vanadium deposits in the Mt Eclipse Sandstone) and the Lake Lewis sub-project (targeting calcrete uranium-vanadium mineralisation hosted by palaeo-channels). Rock chip sampling at Dingo returned up to 5,194ppm eU3O8. Held at 80% Sabre interest.
• Cave Hill Lithium Project Part of a 700km² tenement package in one of the most highly prospective lithium regions in Australia (the Widgiemooltha Lithium Corridor), covering a 100km+ strike-length of interpreted greenstone lithologies near the Kangaroo Hills lithium discovery of Future Battery Minerals Ltd (intersections up to 29m @ 1.36% Li2O). Large lithium-in-soil anomalies have been identified in northern tenements E15/1702 and E15/1843 with planned aircore drilling.
• Nepean South Nickel Project Nickel exploration project south of the historical Nepean Nickel Mine near Coolgardie, WA, covering a greater than 10km strike-length corridor of ultramafic rocks. Drilling intersected disseminated sulphides across the ultramafic/footwall basalt contact indicating potential for Kambalda-style channelised komatiite massive nickel sulphide accumulations. Held at 80% Sabre interest, with a binding farm-out arrangement to Metals Australia Ltd (ASX:MLS).
• Andover East Lithium Project Lithium exploration tenement in the northwest Pilbara region (over 300 sq.km combined with Andover Northeast) targeting lithium-spodumene bearing pegmatites under soil/alluvium cover, using magnetic depletion and gravity low geophysics to distinguish covered targets from outcropping pegmatites. Geologically analogous to Azure Minerals' nearby Andover lithium discovery.
• Andover Northeast Lithium Project Lithium exploration tenement northeast of Azure Minerals' Andover project in the Pilbara region of Western Australia, targeting lithium-spodumene bearing pegmatites concealed under soil/alluvium cover using magnetic depletion and gravity-low geophysics.
• Kurundi North Project Copper-gold project within the East Tennant Ridge Iron-Oxide-Copper-Gold (IOGC) project area in the Northern Territory, approved for a maiden drilling program by the NT Government. Targets Iron-Oxide-Copper-Gold mineralisation within an emerging copper-gold province.

Quantifiable outcome

• Extensive new sulphide zone discovery at Sherlock Bay: 500m strike-length of massive sulphides intersected in four new diamond drill-holes, open in all directions, with additional untested DHEM conductors.
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered minor.

• Azure Minerals Ltd (ASX:AZS)minorOthersAzure Minerals is a neighbouring explorer in the Pilbara region whose Andover lithium discovery (209.4m @ 1.42% Li2O) and Andover nickel sulphide deposit (6Mt @ 1.11% Ni, 0.47% Cu, 0.05% Co) are referenced by Sabre as geological analogues and comparators. No formal partnership; Azure is a competitor and reference point for exploration targeting.
• Energy Metals Ltd (ASX:EME)minorOthersEnergy Metals holds the Bigrlyi high-grade uranium-vanadium deposit (7.46Mt @ 1,283ppm U3O8 and 1,297ppm V2O5) which lies immediately along strike from Sabre's Dingo Project tenements EL32829. The Bigrlyi deposit is used as a geological model for Sabre's exploration targeting. No formal partnership; Energy Metals is a neighbour with established resources used as exploration analogues.
• Core Lithium Ltd (ASX:CXO)minorOthersCore Lithium holds the Napperby uranium deposit (9.54Mt at 382ppm U3O8 for 8.03 Mlb of contained U3O8) used as an analogue for calcrete-style uranium mineralisation at Sabre's Lake Lewis Project EL32864. No formal partnership; Core Lithium is a neighbour used as geological reference.
• Future Battery Minerals Ltd (ASX:FMB)minorOthersFuture Battery Minerals' Kangaroo Hills lithium discovery (intersections of up to 29m @ 1.36% Li2O) is located immediately north of Sabre's Cave Hill Project tenements. Used as geological analogue. No formal partnership.
• Metals Australia Ltd (ASX:MLS)minorStrategic or Co-development PartnerSabre entered a binding agreement to farm-out the Nepean South Nickel Project to Metals Australia. This is a formal joint venture arrangement where Metals Australia can earn into the project through exploration expenditure. This represents the primary formal partnership arrangement mentioned in the sources.
• Mineral Resources Ltd (ASX:MIN)minorOthersMineral Resources' Mt Marion Project (Mineral Resource of 71.3Mt @ 1.37% Li2O) is referenced as part of the Widgiemooltha Lithium Corridor, which Sabre's Cave Hill Project tenements are geologically analogous to. No formal partnership.
• Essential Metals (ASX:ESS)minorOthersEssential Metals' Dome North Lithium Project (Mineral Resource of 11.2Mt @ 1.16% Li2O) is located in the same Widgiemooltha Lithium Corridor as Sabre's Cave Hill Project. Referenced as geological analogue only. No formal partnership.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Energy Metals Limited: ASX-listed uranium developer whose Bigrlyi uranium-vanadium deposit sits immediately along strike from Sabre's Ngalia/Dingo tenements. Comparable commodity (uranium), jurisdiction (NT), and exploration-development stage.
• Future Battery Minerals Limited: ASX-listed explorer whose Kangaroo Hills lithium discovery sits immediately north of Sabre's Cave Hill Project in the Widgiemooltha Lithium Corridor. Highly comparable on commodity (lithium), geography (WA Goldfields), and exploration stage.
• Azure Minerals Limited: ASX-listed junior explorer focused on the Andover nickel sulphide and lithium pegmatite discoveries in the Pilbara, WA. Sabre's Andover East/NE tenements are directly adjacent to Azure's discovery ground, making Azure the single most comparable peer in terms of commodity, jurisdiction, and exploration stage.
• Essential Metals Limited: ASX-listed junior with the Dome North Lithium Project in the same Widgiemooltha Corridor as Sabre's Cave Hill tenement. Direct peer on commodity, geography, and exploration-development stage.
• Golden Deeps Limited: ASX-listed junior explorer with a multi-commodity Australian portfolio. Shares a director (Michael Scivolo) with Sabre and is part of the same small-cap WA/NT explorer ecosystem; comparable scale and pre-revenue exploration profile.
• Metals Australia Ltd: ASX-listed junior critical minerals explorer that has farmed into Sabre's Nepean South nickel project. Highly comparable in size, multi-commodity WA/Nickel-Lithium portfolio, and pre-revenue explorer model.
• St George Mining Limited: ASX-listed explorer focused on nickel-copper-cobalt sulphide discoveries in WA (Mt Alexander, Paterson). Direct peer to Sabre's Sherlock Bay nickel sulphide project on commodity and exploration methodology.

Broad incumbents

• Core Lithium Ltd: ASX-listed lithium producer (Finniss project) with uranium exposure via the Napperby deposit — used by Sabre as an analogue for calcrete-hosted uranium. Larger, producing peer; comparable commodity basket and Australian Tier 1 jurisdiction focus.
• Mineral Resources Limited: Major ASX-listed mining services and lithium producer (Mt Marion) whose Mt Marion lithium deposit lies in the Widgiemooltha Corridor referenced by Sabre. Broad incumbent with overlapping commodity exposure but vastly larger scale.

Emerging players

• Charger Metals NL: ASX-listed junior explorer focused on lithium and battery metals in WA. Comparable multi-commodity critical minerals portfolio and pre-revenue exploration stage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/SabreResources
• LinkedInlinkedin.com/company/sabre-resources-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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 Sabre Resources