Sabre moves Kurundi from drilling to assays after Northern Territory expansion

Kurundi drilling moves from fieldwork to assays

Sabre Resources Ltd (ASX:SBR) has finished the first test of its Kurundi North copper-gold corridor in the Northern Territory, drilling 54 aircore and slimline RC holes for 4,362 metres across a four-kilometre strike length. The immediate question is no longer whether the company can get a rig onto its newly acquired ground, but what the laboratory says about the iron-enriched zones encountered beneath cover.

“Rockchip sample locations with Cu ppm and drillhole locations on Cu soil anomalies, on TMI RTP Magnetics.”

“Rockchip sample locations with Cu ppm, drillhole locations on Cu soil anomalies and Bouguer Gravity 1VD Image.”

Caption and image © Sabre Resources Limited. From “Quarterly Activities/Appendix 5B Cash Flow Report”, 30 Oct 2026.

The program tested soil anomalies and geophysical targets associated with a 10-kilometre corridor of magnetic and gravity anomalies. Sabre said multiple holes on the two western traverses intersected iron enrichment in Warramunga Formation rocks. A total of 1,048 samples were selected for laboratory analysis after initial pXRF screening, although the company did not report those preliminary readings because its quality assurance and quality control requirements had not been met. ICP-MS results are expected in four to five weeks.

The result timing extends the story from the company's Kurundi maiden drilling, which was reported as a completed 4,362-metre program with samples awaiting assay. That distinction matters: the current report confirms the work within the quarter, but it does not yet establish a copper-gold discovery or a mineral resource.

Surface geochemistry supports the exploration thesis

“Kurundi Nth Project, with new applications, major structures and magnetic targets on-strike from Tennant Creek.”

Before drilling, Sabre collected 19 rockchip samples from subcropping ironstone and partially weathered ironstone breccia. Twelve samples classified as ironstone averaged 26.3% iron, with individual results reaching 32.6% iron. Several samples also returned anomalous copper, bismuth, zinc, lead and silver, including peak results of 173.3 parts per million copper, 106.7 parts per million bismuth, 556 parts per million zinc, 1,213 parts per million lead and 2.29 grams per tonne silver.

Sabre describes that combination as similar to the geochemical signature associated with Tennant Creek-style mineralisation, including the copper zone of the historical Warrego deposit. That comparison provides geological rationale for the program, rather than evidence that Kurundi contains an economic deposit. The detailed gravity survey, which covered 1,501 stations, has also refined a series of gravity ridges and fault-bounded structures for further drilling.

Acquisition broadens the Northern Territory portfolio

“Location of the East Tennant Ridge (Brema) and North Arunta Project (NTM) Gold &Copper-Gold Project Areas.”

The quarter marked the completion of Sabre's 80% acquisition of Brema Resources and North Tennant Minerals, adding about 4,000 square kilometres of East Tennant Ridge and North Arunta ground. The portfolio includes Kurundi North, the Buchanan and Frewena Dam copper-gold targets, and the North Arunta Gold Project along extensions of the Kroda Gold Trend.

That expansion followed the 4,000km2 Tennant Creek acquisition, which had been paired with the launch of maiden drilling at Kurundi North. Sabre now plans to follow the initial results with additional aircore and RC drilling, and potentially Northern Territory government co-funded diamond drilling to test deeper targets. Those next steps remain dependent on the quality of the assays and the zones that warrant follow-up.

North Arunta drilling approved but timing remains fluid

Sabre also has approval to drill the 1,000-square-kilometre North Arunta project, where historical drilling along the Kroda trend included intersections of 6 metres at 3.5 grams per tonne gold and 3 metres at 3.87 grams per tonne gold. The company is preparing an initial aircore and slimline RC program around those historical intersections and their interpreted extensions under shallow cover.

“North Arunta - Kroda Corridor max downhole gold drilling on TMI mag image with structure and targets.”

“Location of the Company’s Sherlock Bay and Andover East Projects, NW Pilbara, WA.”

Caption and image © Sabre Resources Limited. From “Quarterly Activities/Appendix 5B Cash Flow Report”, 30 Oct 2026.

Access negotiations and field investigations are under way, but Sabre cautioned that rig availability may prevent drilling before the end of the field season. If that happens, the program would move into the new year. The company's existing Ngalia Basin, Pilbara and Eastern Goldfields projects remain in the portfolio, although the quarter's activity was concentrated on the newly acquired Northern Territory assets.

Placement lifts cash as exploration spending accelerates

Net cash payments for the quarter were $951,000, comprising $762,000 of exploration and evaluation expenditure and $189,000 of administration costs. Sabre completed the second tranche of its two-stage placement during the period, receiving $1.546 million net of costs and ending 30 September with $4.232 million in cash, up from $3.637 million three months earlier.

At the quarter's reported spending rate, the Appendix 5B indicates approximately 4.45 quarters of funding. That is a snapshot rather than a forecast: follow-up drilling, diamond drilling and the planned North Arunta campaign could change the rate of expenditure. For now, the next material test is the pending Kurundi laboratory data, which will determine whether the company's Tennant Creek comparison develops into a stronger exploration case or remains an intriguing surface-geochemistry story.