SABRE RESOURCES LIMITED — Interim / Quarterly Report 2015

Apr 29, 2015

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

	Minin g explora Ap tion ent	pendix ity and o 5B il and gas explora Rule tion enti			5.5 ty
1.1 1.2 1.3 1.4 1.5 1.6 1.7 Cash flo Receipts Payment Dividend Interest Interest Income Other (p Net Ope ws related t from produ s for (a) ex (b) d (c) pr (d) ad s received and other ite and other co taxes paid rovide detai rating Cash o operating ct sales andr ploration & evelopment oduction ministration ms of a simi sts of financ ls if material Flows activities elated debto evaluation lar nature re e paid ) rs ceived			Curren quarte $A’000 t r	Yea (9 $ r to date months) A’000
			3 (253) (262) 16	37 (773) (861) 65
			(496)	(1,532)
1.8 1.9 1.10 1.11 1.12 Cash flo Payment Proceeds Loans to Loans re Other (p Net inve ws related t for purchas from sale o other entiti paid by othe rovide detai sting cash o investing es of:(a) pro (b) eq (c) oth f: (a) pr (b) eq (c) oth es r entities ls if material flows activities spects uity investm er fixed asse ospects uity investm er fixed asse ) ents ts ents ts
1.13 Total op erating and investing c ash flows			(496)	(1,532)
1.14 1.15 1.16 1.17 1.18 1.19 Cash flo Proceeds Proceeds Proceeds Repaym Dividend Other (p Net fina ws related t from issues from sale o from borrow ent of borrow s paid rovide detai ncing cash o financing of shares, op f forfeited sh ings ings ls if material flows activities tions, etc. ares )
1.20 1.21 1.22 Net incr Cash atb Exchang Cash at ease (decre eginning of e rate adjust end ofquar ase) in cash quarter/year ments to item ter held to date 1.20			(496 1,850 )	( 1,532) 2,886
			1,354	1,354

==> picture [55 x 53] intentionally omitted <==

==> picture [4 x 53] intentionally omitted <==

• 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
		12
1.25	Explanation necessaryfor an understandingof the transactions

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
	250 250
Total	500

Reconciliation of cash

Total Reconciliation of cash		500
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)	754 600	350 1,500
Total: cash at end ofquarter(item 1.22)	1,354	1,850

• See chapter 19 for defined terms.

Appendix 5B Page 2

01/05/2013

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.

01/05/2010 Appendix 5B Page 3

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: 30 April 2015

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.

• == == == == ==

• See chapter 19 for defined terms.

Appendix 5B Page 4

01/05/2013