Cabrera recovered from a bogey on hole two to briefly hold the outright lead midway through his back nine.
The Argentinian finished with a birdie at the last for a round of 69 and a share of the lead going into the final round.
Adam Scott also shot a 69 today, with three birdies in his last six holes, to finish the day one behind the leading pack.
His fellow Australian Marc Leishman is also in contention.
Leishman shot an even par 72 today to remain on five under, after an up-and-down round that included five bogeys and five birdies.
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