SABRE RESOURCES LIMITED — Capital/Financing Update 2018

Aug 22, 2018

23 August 2018

ASX code: SBR

ASX ANNOUNCEMENT

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Update of Acquisition of Three WA Vanadium Projects

Highlights:

• Sabre Resources has settled the acquisition of a 100% interest in Kinetic Metals Pty Ltd, the holder of a 100% interest in each of the Speewah, Unaly and Balla Vanadium projects , located in Western Australia (Figure 1)

• Tenement areas for the Speewah and Balla projects are updated from previous announcement

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Figure 1: Kinetic Metals project location map

The directors of Sabre Resources Ltd (ASX:SBR, Sabre or the Company) advise that the areas of two tenement applications, being the Speewah and Balla Projects, are larger than what was originally reported ( refer to SBR announcement dated 15 August 2018 ). Corrected information for the projects is detailed below.

Speewah Vanadium Project

The Speewah Vanadium Project is located adjacent to and adjoins the area that contains the King River Copper Limited Speewah Dome project which hosts a JORC resource of 4.7Bt at 0.3% V2O5 and 2% TiO2.

1[st] Floor, 8 Parliament Place, West Perth, WA 6005 PO Box 1618, West Perth, WA 6872

www.sabresources.com

t : +61 8 9481 7833 f : +61 8 9481 7835 email : info@sabresources.com

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Unaly Vanadium Project

The Unaly Vanadium Project is located adjacent to and adjoins the area that contains the Surefire Resources Limited Unaly Hill project which hosts a JORC resource of 86Mt at 0.42% V2O5.

The Unaly Project is comprised of an exploration license application (E57/1092) of 20 graticular blocks covering an area of 60.31 km[2 ] (Figure 3).

Figure 3: Unaly Vanadium Project location map

The Speewah project is comprised of an exploration license application (E80/5219) of 89 graticular blocks covering an area of 292.15 km[2 ] (Figure 2).

Figure 2: Speewah Vanadium Project location map

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1[st] Floor, 8 Parliament Place, West Perth, WA 6005 PO Box 1618, West Perth, WA 6872

Balla Vanadium Project

The Balla Vanadium Project is prospective for mineralisation similar to the Forge Resources Limited Balla-Balla vanadium-titanium project which hosts a JORC resource of 456Mt at 0.65% V2O5 and 13.7% TiO2.

The Balla Project is comprised of an exploration license application (E47/3985) of 27 graticular blocks covering an area of 86.41 km[2] (Figure 4). The project is located approximately 5 km north of Sabre Resources’ Sherlock Bay Project.

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Figure 4: Balla Vanadium Project location map

Terms of Acquisition of Kinetic Metals Pty Ltd

Notwithstanding the increased area of the Speewah and Balla Project areas, the key terms of the acquisition did not change. Sabre has issued the Vendors with 2,500,000 fully paid ordinary shares and 2,500,000 unlisted options, with each option having an exercise price of $0.03 and an expiry date of 31 October 2019 in full payment for the acquisition of all three projects.

Exploration

The Company is delighted to have acquired these three exciting projects. It has commenced data compilation and preparation for exploration programs on the tenements.

ENDS

For further information, contact:

Graham Baldisseri Company Secretary P: +61 8 9481 7833 E: gbaldisseri@kmm.com.au

1[st] Floor, 8 Parliament Place, West Perth, WA 6005 PO Box 1618, West Perth, WA 6872

Caution Regarding Forward-Looking Information

This document contains forward-looking statements concerning Sabre Resources. Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward looking statements as a result of a variety of risks, uncertainties and other factors. Forward-looking statements are inherently subject to business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company’s actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of, the Company. Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes.

Forward looking statements in this document are based on the company’s beliefs, opinions and estimates of Sabre Resources as of the dates the forward looking statements are made, and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments.

Competent Person Statement

The information in this announcement that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves, as applicable, is based on information compiled by Mr. Lachlan Reynolds. Mr Reynolds is a consultant to Metals Australia Limited and is a member of the Australasian Institute of Mining and Metallurgy. Mr. Reynolds has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Reynolds consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.

1[st] Floor, 8 Parliament Place, West Perth, WA 6005 PO Box 1618, West Perth, WA 6872