** 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))
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