SABRE RESOURCES LIMITED — Interim / Quarterly Report 2012

Jul 30, 2012

Appendix 5B Mining exploration entity quarterly report

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Rule 5.3
Appendix 5B
Mining exploration entity monthly report
.
Na m e of entity
Sabre Resources Ltd
Qu a rter ended
ABN
(“cur r ent quarter”)
68 003 043 570 30 June 2012
Consolidated statement of cash flows
Current Year to date
quarter (12 months)
$A’000 $A’000
Cash flows related to operating activities 40 131
1.1 Rece i pts from pr o duct sales a n d related d e btors
1.2 Pay m ents for (a) e xploration a nd evaluati o n (781) ( 2 ,837)
(b) d evelopmen t
(c) production
(d) administrat i on (244) (843)
1.3 Divi d ends receiv e d
1.4 Inter e st and othe r items of a s i milar natur e received 40 99
1.5 Inter e st and othe r costs of fin a nce paid
1.6 Inco m e taxes pai d
1.7 Othe r (provide d e tails if mate r ial) R & D Grant - 69
Net Operating Cash Flows (945) (3,381)
Cash flows related to investing activities
1.8 Pay m ent for purc h ases of: (a) prospects
(b) equity inves t ments
(c) other fixed a ssets
1.9 Proc e eds from sale of: (a) pr o spects
(b) eq u ity investm e nts
(c) ot h er fixed ass e ts
1.10 Loan s to other en t ities
1.11 Loan s repaid by other entities
1.12 Othe r (provide d e tails if mate r ial)
Net investing cash flows
1.13 Total operating and investing cash flows (carried forward) (945) (3,381)
Cash flows related to financing activities
1.14 Proc e eds from iss u es of share s , options, et c . - 1,842
1.15 Proc e eds from sale of forfeite d shares
1.16 Proc e eds from bo r rowings
1.17 Repa y ment of bo r rowings
1.18 Divi d ends paid
1.19 Othe r (provide d e tails if mate r ial)
Net financing cash flows - 1,842
Net increase (decrease) in cash held (945) (1,539)
1.20 Cash at beginnin g of quarter/ y ear to date 1,332 1,926
1.21 Exch a nge rate adjustments to item 1.20
1.22 Cash at end of quarter 387 387
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• See chap t er 19 for defi n ed terms.

A p pendix 5B Page 1

Appendix 5B Mining exploration entity quarterly report

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

1.23 1.24 1.25	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10 Explanation necessaryfor an understandingof the transactions		Current quarter $A'000
			618
	Professional services and directors fees Explorationexpenses paid through Namibiansubsidiary	$A'000 87 531

Non‐cash financing and investing activities

• 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.

• 3.1 Loan facilities 3.2 Credit standby arrangements

Amount available $A’000	Amount used $A’000

Estimated cash outflows for next quarter

• $A’000

• 4.1 Exploration and evaluation 100 4.2 Development 4.3 Production 4.4 Administration 50 Total 150

Reconciliation of cash

Reconciliation of cash	Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.		Current quarter $A’000	Previous quarter $A’000
5.1 5.2 5.3 5.4	Cash on hand and at bank Deposits at call Bank overdraft Other(provide details)	387 -	132 1,200
	Total: cash at end of quarter(item 1.22)	387	1,332

• See chapter 19 for defined terms.

Appendix 5B Page 2

Appendix 5B Mining exploration entity quarterly report

Changes in interests in mining tenements

Tenement reference Nature of interest (note (2)) Interest at beginning of quarter Interest at end of quarter 6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased EPL 3540 (Namibia) 80% Nil 80% 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.	Tenement reference	Nature of interest (note (2))	Nature of interest (note (2))	Interest at beginning of quarter	Interest at beginning of quarter	Interest at end of quarter
	EPL 3540 (Namibia)	80%		Nil		80%
	Total number	Number quoted	Issue price per security (see note 3) (cents)		Amount paid up per security (see note 3) (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)Expiryof escrow
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital,buy‐backs	172,702,997	126,702,997
	46,000,000	-	13.45		13.45
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured,converted
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	23,000,000		Exercise price 10 cents		Expiry date 31 December 2012
7.11 Debentures (totals only)
7.12 Unsecured notes(totals only)

• See chapter 19 for defined terms.

Appendix 5B Page 3

Appendix 5B Mining exploration entity quarterly report

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 : 31 July 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.

Appendix 5B Page 4