SABRE RESOURCES LIMITED — AGM Information 2007

Nov 12, 2007

AGM, 13 Nov 2007

Sabre Resources

Focus:

• • High quality base metal projects
  • Ongava Base Metals (known deposits)
  • Gnamma Dam Nickel
• • SBR holding in the Ongava Project independently valued at ~$63mil

SBR Company Details

Directors

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Alexander Clemen Non Executive Director Jonathon Downes Non Executive Director (tba) Michael Scivolo Non Executive Director David Zukerman Executive Director Norman Grafton Company Secretary

•Top 20 shareholders hold 78.2% of the company

SBR Capital Structure (at 13 Nov 2007)

• •ASX Code SBR

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• •Cash at Bank A$3.1mil

Issued Shares 42,434,851 listed 32,000,000 escrowed74,434,851Options 39,000,000

Why base metals?

• •Presently tight markets, high prices
• • Upcoming production will not meet demand in 2-3 years time
• • An excellent opportunity for ground-level entry into the base metals sector

Zinc

• • 2007 likely to be "high water mark" with new supply coming on stream
• • Shortfalls in 2009-2011, tight, bullish market
• • LME warehouse stocks at historically low levels

*sources – Macquarie (August 2007), Kitco (November 2007)

Lead

• •Ongoing tight market
• •Limited new supply in 2008
• • Market to follow zinc, tightening again in 2010 and 2011

*sources – Macquarie (August 2007), Kitco (November 2007)

Copper

• •Demand driven by China
• •Supply issues tight, ongoing
• • Forecast demand to outstrip supply by 2009

*sources – Macquarie (August 2007), Kitco (November 2007)

THE ONGAVA LEAD-ZINC PROJECT, NAMIBIA

Excellent infrastructure

Infrastructure

• • Good access to roads, rail, power, water
  • •Major highways
  • •Good farm access tracks
• •Border ~30km to Tsumeb smelter
• •Driehoek ~17km to Kombat mine and railhead

Overview of the project area

• • >800 km2
• •~350 km NNE of Windhoek (capital)
• • Covers the central Otavi Mountainland
  • •Plateau with ~300m relief
  • •Known, highly prospective region for base metals
  • •Historical production at the world-class Tsumeb deposit and others
• • Host to more than 22 reported mineral occurrences
  • •Lead, zinc, copper, vanadium, silver
• • Namibia – world's 2nd best country for mining & exploration investment
  • •Less risk than Australia, USA, Canada, Finland
  • •Source: ResourceStocks magazine, Sept 2007

History

• • 1960s and 1970s – regional soil sampling uncovered numerous anomalies, including Border, Driehoek, and Harasib deposits
• • 1970s – Etosha Petroleum Ltd drilled Border, with intercepts including:
  • •18.90m @ 11.18% Pb+Zn (B002, from 80.47m)
  • •11.00m @ 15.92% Pb+Zn (B016, from 87.17m)
• • 1990s – Goldfields of Namibia Ltd drilled Driehoek, Harasib
  • •40.00m@ 8.57% Pb+Zn (DDH 75-18, from 1.00m, Driehoek)
  • •Drilling less than 60m depth
• • August 2007 –SABRE acquires the Ongava Project

Otavi Triangle – Historical Production

• •Tsumeb 30 Mt @ 10%Pb, 4.3% Cu, 3.5% Zn. & 100g/t Ag (Mined)
• •Kombat 8.7 Mt @ 3.1% Cu, 1.1% Pb, & 26g/t Ag (Mined)
• • Abenab 1.85 Mt (Conc.) @ 17.04% V 2O5(Mined & Concentrated)
• • Berg Aukas 3.2 Mt @ 16% Zn, 4% Pb, & 0.75% V 2O5(Mined & In Situ)
• •Khusib Springs 0.5 Mt @ 10% Cu, 1.8% Pb, & 584g/t Ag (Mined)

Mineralisation overview

• • 2 types
  • –Berg Aukas style Pb-Zn-V
  • –Tsumeb style Cu-Pb-Zn
• • First exploration focus is the Berg Aukas style
  • walk-up drill targets
  • considered to be "Mississippi Valley Type" (MVT).
  • a major source of Pb-Zn-Ag supply
• • Apparent lateral continuity suggests Mount Isa or Irish-style affinities.
  • generally larger than MVT
• •Strong geochemical anomalies throughout tested areas.
• •Few anomalies drill-tested, none rigorously.

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Key data acquisition

• • Several $millions worth of previous exploration
  • Geophysics Satellite imagery
• Drill hole database •Soil sampling database

Border

• • 12Mt @ 5-6% Pb+Zn (expl target)
• • 18 diamond drill holes
• • Pb-Zn intersected 50m below surface
• • Pb & Zn grades increase with depth

Border – lead in soils

numerous targets untested

	10,000 to 100,000
О	5,000 to 10,000
o	1,000 to	5,000
ο	500 to	1,000
ο	250 to	500
ο	100 to	250
о	50 to	100
ο	25 to	50
ο	10 to	25
۰	0 to	10
	-999 to	Ω

Border - outcrop

Historic Etosha adit, Border Veining and mineralisation at surface, Border

Border – drilling and soil anomaly

Border soil anomaly defined by Etosha, 1972, with drilling superimposed

Border – cross sections

at Border, 1972

Mineralised cross-sections defined by Etosha • Open at depth and along strike

Driehoek

• • 3-6Mt @ >4% Pb+Zn (expl target)
• -18km SW of Border
• • ~50 shallow diamond drill holes
• drilled to <60m depth

Aerial view, Driehoek deposit and surrounds, showing position of deposit

• extensive soil anomalies extend to north, east and west
• extensions remain untested

	10,000 to 100,000
о	5,000 to 10,000
o	1,000 to 5,000
о	500 to	1,000
ο	250 to	500
٥	100 to	250
٥	50 to	100
٥	25 to	50
ο	10 to	25
۰	0 to	10
	-999 to	n

Soil geochemistry over satellite imagery at Driehoek deposit and surrounds

Driehoek - outcrop

Trenching and siliceous outcrops at Driehoek, indicative of lead and zinc sulfide mineralisation below surface.

Driehoek – surface mineralisation

Driehoek soil anomaly defined by Goldfields of Namibia, 1990s, with drilling superimposed

Driehoek cross section defined by Goldfields of Namibia, 1990s

Harasib

• western strike extension of Border
• • 1Mt @ ~4% Pb+Zn (expl target)
• drilled to <50m depth
• insufficient exploration, requires work
• good access to site

Aerial view and geochemistry over satellite imagery, Harasib

THE GNAMMA DAM NICKEL PROJECT

Gnamma Dam Nickel

• •Highly prospective ground
• • 20km from Kalgoorlie, 5 km from Heron's Bulongproject
• • 14 prospecting licences (20km2)
• • Surprisingly little previous Ni exploration

Gnamma Dam Nickel

• • Possible repetition of the Bulong sequence
• • Sabre's soil sampling defines strong Ni anomalies
• • Field review completed in preparation for drilling.

Summary

• • Both the Ongava and Gnamma Dam projects are highly prospective for base metal mineralisation
• • Systematic use of modern methods will be used to assess the deposits/prospects
• •Strong management team
• •Experienced exploration group with history of success
• •Drilling underway first quarter 2008

Important Notice

This presentation has been prepared by Sabre Resources Ltd ("SBR") as a summary of its OngavaLead-Zinc and Gnamma Dam Nickel Projects and is for general information purposes only.

The presentation is not, and should not, be considered as an offer or invitation to subscribe for, or purchase any securities in SBR, or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in SBR will be entered into on the basis of this presentation.

This presentation contains certain forward looking statements which have not been based solely on historical facts but, rather, on SBR's current expectations about future events and on a number of assumptions which are subject to significant uncertainties and contingencies many of which are outside the control of SBR and its directors, officers and advisers.

Due care and attention has been taken in the preparation of this presentation. However, the information contained in this presentation (other than as specifically stated) has not been independently verified for and officers, nor has it been audited. Accordingly, the company does not warrant or represent that the information contained in this presentation is accurate or complete. To the fullest extent permitted by law, no liability, however arising, will be accepted by SBR or its directors, officers or advisers, for the fairness, accuracy or completeness of the information contained in this presentation.