Sherlock Bay in Western Australia's Pilbara region contains 24.6 million tonnes grading 0.4% nickel, 0.09% copper and 0.02% cobalt.
While on face value it doesn't look the most overly compelling proposition, Sabre claims a "review and update of existing feasibility study work into the development of the deposit is continuing".
Sabre's directors are Michael Scivolo, David Chapman and Robert Collins.
The company unveiled a deal to earn a 70% interest in Sherlock Bay early this year, with the ground also seen as having potential for conglomerate gold and being "strategically" located in an area of interest to Artemis Resources and De Grey Mining.
The company also recently acquired vanadium prospects in Western Australia.
Sabre's focus in recent ye...