Sabre Resources Ltd (ASX:SBR) has retracted statements in their January 9th, 2023 ASX release regarding the potential cashflow and economics of their Sherlock Bay nickel-copper-cobalt project located in the Pilbara region of Western Australia, as cost inputs have not been updated since the January 27th, 2022 Scoping Study release.
Estimations of cashflow and economics would require the review of all modifying factors and cost and pricing inputs prior to an updated Scoping Study or pre-feasibility study.
The Company does not intend to release an update until the results of all recent and planned drilling, Mineral Resource estimates, and metallurgical studies are completed.
Following the announcement, shares of Sabre Resources (ASX:SBR) were up 28.57%.