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Sabre updates nickel-copper-cobalt resources at Sherlock Bay

An updated resource estimate for Sabre Resources Ltd.'s 70%-owned Sherlock Bay project, part of the Sherlock Bay Extended property in Western Australia, defined contained metal comprising 99,200 tonnes of nickel, 21,700 tonnes of copper and 5,400 tonnes of cobalt.

The metal is contained within measured, indicated and inferred resources of 24.6 million tonnes grading an average 0.40% nickel, 0.09% copper and 0.022% cobalt.

The estimate covers the Discovery lode and the Symond's high-grade and low-grade lodes and uses a cutoff grade of 0.15% nickel.

Sabre Resources continues to review and update previous feasibility work on the development of the Sherlock Bay deposit.

The company outlined plans in early 2018 to acquire a 70% interest in Sherlock Bay by acquiring Sherlock Operations, which had a 70% interest in holding company Hammond Park Pty. Ltd.