** Shares of Sabre Resources SBR.AX rise as much as 16.7% to A$0.007, their biggest intraday percent gain since April 10

** The minerals explorer has entered into a binding agreement with Capricorn Metals CMM.AX to sell the Ninghan Gold Project

** Transaction consideration is A$1.6 million ($1.02 million)

** YTD, Sabre stock down 30%

($1 = 1.5711 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((nichiket.sunil@thomsonreuters.com))