SABRE RESOURCES LIMITED — Interim / Quarterly Report 2013

Oct 30, 2012

Rule 5.3

Appendix 5B

Mining exploration entity monthly report

Sabre Resources LtdQuarter endedABN("current quarter")68 003 043 57030 September 2012Consolidated statement of cash flowsCurrentYear to date(3 months)quarter$A'000$A'000Cash flows related to operating activities9595Receipts from product sales and related debtors1.1(516)Payments for (a) exploration and evaluation(516)1,2(b) development(c) production(384)(384)(d) administrationDividends received1.3Interest and other items of a similar nature received551.4Interest and other costs of finance paid1.5Income taxes paid1.63939Other (provide details if material)R & D Grant1.7(761)Net Operating Cash Flows(761)Cash flows related to investing activitiesPayment for purchases of: (a) prospects1.8(300)(300)(b) equity investments(c) other fixed assetsProceeds from sale of: (a) prospects1.9(b) equity investments(c) other fixed assetsLoans to other entities1.10Loans repaid by other entities1.11Other (provide details if material)1.12Net investing cash flowsTotal operating and investing cash flows (carried forward)(1,061)(1,061)1.13Cash flows related to financing activities10,30010,300Proceeds from issues of shares, options, etc.1.14Proceeds from sale of forfeited shares1.15Proceeds from borrowings1.16Repayment of borrowings1.17Dividends paid1.18(480)(480)Other (provide details if material) Costs of capital raising1.19Net financing cash flows9,8209,820Net increase (decrease) in cash held8,7598,759388388Cash at beginning of quarter/year to date1.20Exchange rate adjustments to item 1.201.21	Name of entity
9,1479,147Cash at end of quarter1.22

• See chapter 19 for defined terms.

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

		Current
		quarter
		$A'000
1.23	Aggregate amount of payments to the parties included in item 1.2	404
1.24	Aggregate amount of loans to the parties included in item 1.10
1.25	Explanation necessary for an understanding of the transactions
	$A'000
	Professional services and directors fees225

Non‐cash financing and investing activities

Exploration expenses paid through Namibian subsidiaries 179

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
• 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

Financing facilities available

Add notes as necessary for an understanding of the position.

Amount	Amount
available	used
$A'000	$A'000

3.1 Loan facilities 3.2 Credit standby arrangements

Estimated cash outflows for next quarter

		$A'000
4.1	Exploration and evaluation	500
4.2	Development
4.3	Production
4.4	Administration	200
	Total	700

Reconciliation of cash

as follows.	Reconciliationofcashattheendofthequarter(asshownintheconsolidated statement of cash flows) to the related items in the accounts is	Currentquarter$A'000	Previousquarter$A'000
5.1	Cash on hand and at bank	397	387
5.2	Deposits at call	8,750	33
5.3	Bank overdraft
5.4	Other (provide details)
	Total: cash at end of quarter (item 1.22)	9,147	420

+ See chapter 19 for defined terms.

Changes in interests in mining tenements

		Tenementreference	Nature of interest(note (2))	Interest atbeginning of	Interest atend of
				quarter	quarter
6.1	Interests in mining tenementsrelinquished, reduced or lapsed
6.2	Interests in mining tenementsacquired or increased

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

		Total	Number	Issue price	Amount paid up
		number	quoted	per security	per security
				(see note 3)	(see note 3)
				(cents)	(cents)
7.1	Preference +securities
	(description)
7.2	Changes during quarter
	(a) Increases through issues
	(b) Decreases through returns of
	capital, buy‐backs, redemptions
	(c) Expiry of escrow
7.3	+Ordinarysecurities	226,472,228	180,472,228
7.4	Changes during quarter
	(a) Increases through issues	30,769,231	30,769,231	26	26
	(b) Exercise of options	23,000,000	23,000,000	10	10
	(c) Decreases through
	returns of capital, buy‐
	backs
7.5	+Convertibledebt securities
	(description)
7.6	Changes during quarter
	(a) Increases through issues
	(b) Decreases through securities
	matured, converted
7.7	Options (description and			Exercise	Expiry
	conversion factor)			price	date
7.8	Issued during quarter
7.9	Exercised during quarter	23,000,000	-	10 cents	31 December 2012
7.10	Expired during quarter
7.11	Debentures (totals only)
7.12	Unsecured notes (totals only)

+ See chapter 19 for defined terms.

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).
• 2 This statement does give a true and fair view of the matters disclosed.

Sign here: Date**: 30 October 2012**

Print name: Norman Grafton Company Secretary

Notes

• 1 The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
• 2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
• 3 Issued and quoted securities. The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities*.*
• 4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.
• 5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

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+ See chapter 19 for defined terms.