SBR sabre resources limited

update, page-8

  1. 1,655 Posts.
    The first step has to be a JORC compliant indicated resource and, so far as I can gather from the releases, that is the current objective. They will be reporting within the next 10 days or so and we should get an update on progress. However, they did do a scoping study for the Border deposit:

    http://www.sabresources.com/border-scoping-study.php

    That was based on an inferred resource.

    So they have got beyond just drilling here and there.

    They will need to go further for a PFS and, as they are fan drilling, not just drilling a matrix with the opportunity of infill drilling to upgrade the estimate, they may go directly to 'indicated'. But, hopefully, they will explain what they are doing in due course.
 
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