SABRE RESOURCES LIMITED — Interim / Quarterly Report 2014

Oct 28, 2013

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

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Appendix 5B Rule 5.5
Mining exploration entity and oil and gas exploration entity
quarterly report
In t roduced 01/07/96 Origin Appendi x 8 Amended 01/0 7 /97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/20133
Name of entity
Sabre Resources Ltd
ABN Quarter ende d (“current q u arter”)
68 003 043 570 30 September 2013
Consolidated statement of cash flows
Current Year to date
quarter (3 months)
Cash flows related to operating activities $A’000 $A’000
1.1 Receipt s from product sales and r elated debt o rs 24 24
1.2 Paymen t s for (a) e x ploration & evaluation (796 ) (796)
(b) development
(c) p r oduction
(d) a d ministratio n (340 ) (340)
1.3 Dividen d s received
1.4 Interest and other it e ms of a sim i lar nature r e ceived 8 5 85
1.5 Interest and other c o sts of finan c e paid
1.6 Income taxes paid
1.7 Other ( p rovide details if materia l )
Net Operating Cash Flows (1,027) (1,027)
Cash flows related to investing activities
1.8 Paymen t for purcha s es of:(a) pr o spects
(b) e q uity invest m ents
(c) ot h er fixed ass e ts
1.9 Proceed s from sale of: (a) p r ospects
(b) e q uity invest m ents
(c) ot h er fixed ass e ts
1.10 Loans t o other entities
1.11 Loans r e paid by oth e r entities
1.12 Other ( p rovide details if materia l )
Net investing cash flows
1.13 Total operating and investing cash flows
Cash flows related to financing activities
1.14 Proceed s from issue s of shares, o p tions, etc.
1.15 Proceed s from sale of forfeited s h ares
1.16 Proceed s from borro w ings
1.17 Repayment of borro w ings
1.18 Dividen d s paid
1.19 Other ( p rovide details if materia l )
Net financing cash flows
Net increase (decrease) in cash held (1,02 7 ) ( 1,027)
1.20 Cash at b eginning o f quarter/yea r to date 6,110 6,110
1.21 Exchan g e rate adjus t ments to ite m 1.20
1.22 Cash at end of quarter 5,083 5,083
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• S ee chapter 1 9 for defined t e rms.

01 / 05/2010 App e ndix 5B Page 1

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

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

1.23 1.24	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to theparties included in item 1.10	Current quarter $A'000	Current quarter $A'000
		554
1.25	Explanation necessaryfor an understandingof the transactions
	Professional services and directors fees Explorationand administrationexpenses paid throughsubsidiaries		$A’000 13 541

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.

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

3.1	Loan facilities
3.2	Credit standby arrangements

Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	500 250
Total	750

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 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other(provide details)	183 4,900	310 5,800
Total: cash at end ofquarter(item 1.22)	5,083	6,110

• See chapter 19 for defined terms.

Appendix 5B Page 2

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Changes in interests in mining tenements and petroleum tenements

Tenement	Nature of	Interest at	Interest at
reference and	interest	beginning	end of
**location **	(note (2))	**of quarter **	**quarter **

6.1	Interests in mining tenements
	and petroleum tenements
	relinquished, reduced or lapsed
6.2	Interests in mining tenements
	and petroleum tenements
	acquired 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	Number quoted	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
7.1 Preference+securities 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital,buy‐backs,redemptions
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital,buy‐backs	226,472,228	226,472.228
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	3,750,000	-	Exercise Price 20 cents	Expiry Date 5/3/2015
7.11 Debentures (totals only)
7.12 Unsecured notes(totals only)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity and oil and gas 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 5).

• 2 This statement does /does not* (delete one) give a true and fair view of the matters disclosed.

Sign here: Date: 29 October 2013

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 and petroleum 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 or petroleum 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 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.

• 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting 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.

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