Sable Resources summarizes 2025 work

Executive Summary

• Sable Resources Ltd. provided a comprehensive overview of its 2025 milestones and 2026 corporate outlook, highlighting a strengthened balance sheet, strategic partnerships, and significant exploration advancements across its Argentina and British Columbia portfolios.
• The company announced a strategic letter agreement with Moxico Resources PLC to earn up to a 51% interest in the El Fierro and Cerro Negro projects in Argentina, reducing Sable's financing risk while accelerating exploration.
• Sable reported a strong financial position with approximately $17 million in treasury, driven by strategic financing and royalty milestone payments, while also announcing the grant of one million stock options to employees.

Key Details

• Strategic Partnership (Moxico Resources):
  • Entered into a letter agreement with Moxico Resources PLC for the El Fierro and Cerro Negro projects in San Juan, Argentina.
  • Moxico may earn up to a 51% interest through financing exploration programs.
  • This structure significantly reduces Sable's financing risk and accelerates exploration on these flagship assets.
• Financial Position & Balance Sheet:
  • Completed strategic financing in 2025, including a private placement with Moxico.
  • Received a significant milestone payment related to royalties sold at the beginning of the year.
  • Ended 2025 with a strong treasury of approximately $17 million (including 2025 pending earn-in contributions).
• El Fierro Project (Pyros Porphyry System):
  • Drilling and technical work in 2025 refined the geological model and demonstrated improved grades relative to earlier campaigns.
  • Q1 2025 drill program results showed improved grades, including intersections associated with breccias and intrusive phases that remain partially defined.
  • Q4 2025 drilling tested continuity of mineralization; while assay results are pending, geological observations indicate continued expansion of the mineralized footprint.
  • The system remains open, with geometry and grade distribution being refined to support potential higher-grade centers.
• Zorro Project:
  • Newly consolidated, internally generated greenfields project in Argentina with excellent access and year-round operating conditions.
  • Three priority target types identified: intrusion-related copper mineralization, epithermal veins, and a magmatic-hydrothermal breccia system.
  • First-pass drilling planned for late Q2 2026, fully financed by Sable.
• Cerro Negro Project:
  • Concealed porphyry/epithermal exploration play located beneath Quaternary gravels.
  • Targets defined by coincident magnetic, IP, and geochemical anomalies are being advanced toward initial drilling tests in collaboration with Moxico.
• Don Julio Project:
  • Located within the emerging Chita porphyry district in Argentina.
  • Delineated a large-scale mineral system with four underexplored Miocene copper-gold-molybdenum porphyry centers.
  • Project remains on care and maintenance while Sable advances discussions with potential strategic partners to finance large-scale definition drilling.
• British Columbia Portfolio:
  • Copper Queen Project: Permitting and technical preparation underway for a 3,000-meter drill program targeting porphyry and breccia-hosted copper-gold-silver mineralization, supported by VTEM geophysics.
  • Copper Prince Project: Approximately 1,500-meter drill program planned to test a large copper-molybdenum soil anomaly coincident with magnetic and IP features, subject to permitting.
• Board Changes:
  • Guy Desharnais joined Sable's board of directors in January 2026 as the nominee of Osisko Gold Royalties, adding technical and strategic expertise.
• Option Grant:
  • Granted one million options to purchase common shares.
  • Exercise price: 10 cents per share.
  • Term: Five years.

Notable Quotes

• No direct quotes from the CEO/President were included in the provided text.