Sabre Resources Limited announce that the recently completed surface moving-loop electromagnetic (MLEM) survey at Sherlock Bay has detected a strongly conductive massive sulphide target extending for up to 1km at the western end of the existing nickel-copper-cobalt sulphide resource. Importantly, the strongest MLEM anomaly is located to the west of the massive and matrix-breccia sulphide intersections in SBDD002 and SBDD003A, that are centred at around 300m below surface in the Discovery Zone and remain open to the west and at depth. The massive and matric-breccia sulphide mineralisation intersected in both SBDD002 and SBDD003A is on the margin of the Sherlock Intrusive, as targeted, below and at the western end of the current resource. These sulphide intersections correlate with a strong down-hole EM (DHEM) conductor that has also been detected by the surface MLEM survey, forming the eastern part of the 1km strike-length, strong MLEM anomaly. The fact the new MLEM anomaly is stronger than the surface MLEM anomaly associated with the massive/matrix breccia sulphides intersected in SBDD002 and SBDD003A highlights the strong potential for further massive sulphide discoveries in this new and untested target zone. The discovery of additional high-grade nickel sulphide resources, indicated by the recent drilling
intersections and the new strong EM anomalies, would strongly enhance the economics of the
Sherlock Bay nickel-copper-cobalt project.