Sabre Resources (ASX:SBR) shares escalated to an impressive 51.1%, hitting A$0.068, a peak not witnessed since October 14, 2022.

The surge followed the mining company’s successful identification of a key lithium reserve in Andover East region of Sherlock Bay situated in Western Australia.

The company announced that its tenement holding at the project has more than doubled.

Year-to-date, SBR has witnessed an increase of 18.4% from the previous closing.

Sabre Resources is a prominent mining company with key interest in the discovery and exploration of lithium reserves.