SABRE RESOURCES LIMITED — Interim / Quarterly Report 2012

Apr 29, 2012

Rule 5.3

Appendix 5B

Mining exploration entity monthly report

Sabre Resources LtdQuarter endedABN("current quarter")68 003 043 57031 March 2012Consolidated statement of cash flowsCurrentYear to datequarter(9 months)$A'000$A'0001991Cash flows related to operating activitiesReceipts from product sales and related debtors1.1Payments for (a) exploration and evaluation(371)(1,832)1,2(b) development(c) production(193)(599)(d) administrationDividends received1.3Interest and other items of a similar nature received9591.4Interest and other costs of finance paid1.51.6Income taxes paidOther (provide details if material)R & D Grant691.7(2, 212)Net Operating Cash Flows(536)Cash flows related to investing activitiesPayment for purchases of: (a) prospects1.8(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)(536)(2, 212)1.13Cash flows related to financing activities1,842Proceeds from issues of shares, options, etc.1.14Proceeds from sale of forfeited shares1.15Proceeds from borrowings1.16Repayment of borrowings1.17Dividends paid1.18Other (provide details if material)1.19Net financing cash flows1,842Net increase (decrease) in cash held(536)(370)1,868962Cash at beginning of quarter/year to date1.20Exchange rate adjustments to item 1.201.21	Name of entity
1,332Cash at end of quarter1,3321.22

• 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

		Currentquarter$A'000
1.23	Aggregate amount of payments to the parties included in item 1.2	228
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

Non‐cash financing and investing activities

Professional services and directors fees 31 Exploration expenses paid through Namibian subsidiary 197

• 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	Amountused
$A'000	$A'000
	available

3.1 Loan facilities 3.2 Credit standby arrangements

Estimated cash outflows for next quarter

		$A'000
4.1	Exploration and evaluation	200
4.2	Development
4.3	Production
4.4	Administration	120
	Total	320

Reconciliation of cash

	Reconciliationofcashattheendofthequarter(asshownintheconsolidated statement of cash flows) to the related items in the accounts is	Currentquarter	Previousquarter
as follows.		$A'000	$A'000
5.1	Cash on hand and at bank	132	168
5.2	Deposits at call	1,200	1,700
5.3	Bank overdraft
5.4	Other (provide details)
	Total: cash at end of quarter (item 1.22)	1,332	1,868

+ 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.

		Totalnumber	Numberquoted	Issue priceper security(see note 3)	Amount paid upper security(see note 3)
7.1	Preference +securities			(cents)	(cents)
	(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	126,702,997	126,702,997
7.4	Changes during quarter
	(a) Increases through issues
	(b) 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
		23,000,000		10 cents	31 December 2012
7.8	Issued during quarter
7.9	Exercised during quarter
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 April 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.