- Sabre Resources (SBR) is preparing to kick off a scoping study at its Border lead-zinc deposit in Namibia
- The scoping study is designed to assess the economic viability of building an open-pit mine at the prospect, which is part of the Otavi Mountain Land project in northeastern Namibia
- According to Sabre, the Border prospect is one of several important lead–zinc deposits along the 20-kilometre Pavian Trend in the project area
- Importantly, Sabre owns the nearby Driehoek prospect which is just 15 kilometres away from Border — meaning it can add to the Border resource base
- Sabre says it has already completed some detailed metallurgical testwork on the Border deposit
- Shares in Sabre are trading grey this morning at 0.5 cents per share
Sabre Resources (SBR) is gearing up to kick off a scoping study at its Border lead–zinc deposit in Namibia.
The junior miner holds two tenements in the Otavi Mountain Land project in northeastern Namibia. The upcoming scoping study is designed to assess the economic viability of building up an open-pit mine and processing operation at the Border prospect in the project area.
Sabre has engaged engineering and operations management group DRA Global to conduct the scoping study. DRA is based in Perth with an office in South Africa.
According to Sabre, the Border prospect is one of several important lead-zinc deposits along the 20-kilometre Pavian Trend in the Otavi Mountain Land project area.
As it stands, Border has an inferred mineral resource of 16 million tonnes at 1.53 per cent zinc, 0.59 per cent lead and 4.76 grams per tonne of silver.
The Border resource, Sabre said, is a key component of the company’s strategy of finding and developing high-tonnage moderate-grade lead-zinc open-pit mines. These mines will feed into a central processing plant in the project area.
Importantly, Sabre owns the nearby Driehoek prospect, which is just 15 kilometres away from Border — meaning it can add to the Border resource base. Several lead-zinc prospects have already been drilled at Driehoek, with diamond drilling returning a 61.85-metre hit at 4.21 per cent lead and zinc from 12.45 metres.
Moreover, Sabre management explained that it has already completed some detailed metallurgical testwork on the Border deposit to test the response of mineralisation in the area to dense media separation.
Nevertheless, today’s announcement has failed to elicit a strong response from investors.
The news comes just a day after Sabre reported disappointing drilling results from its Bonanza Gold Project in WA. The company said it hit no significant gold intersections from drilling at the project.
Shares in Sabre are trading grey today at 0.5 cents each at 11:22 am AEDT. The company has an $8.42 million market cap.