SABRE RESOURCES LIMITED — Interim / Quarterly Report 2016

Jul 28, 2016

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

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----- Start of picture text ----- Appendix 5B Rule 5.5Mining exploration entity and oil and gas exploration entityquarterly reportIn 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, 01/05/20133Name of entitySabre Resources LtdABN Quarter ende d (“current q u arter”)68 003 043 570 30 June 2016Consolidated statement of cash flowsCurrent Year to datequarter (12 months) Cash flows related to operating activities $A’000 $A’0001.1 Receipt s from product sales and r elated debt o rs - 41.2 Paymen t s for (a) e x ploration & evaluation (113) (704)(b) development(c) p r oduction(d) a d ministratio n (55) (514)1.3 Dividen d s received1.4 Interest and other it e ms of a sim i lar nature r e ceived - 131.5 Interest and other c o sts of finan c e paid1.6 Income taxes paid1.7 Other ( p rovide details if materia l ) VAT Refu n d - 104Net Operating Cash Flows (168) (1,097)Cash flows related to investing activities1.8 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 ts1.9 Proceed s from sale of: (a) p r ospects (b) e q uity invest m ents (c) ot h er fixed ass e ts1.10 Loans t o other entities1.11 Loans r e paid by oth e r entities1.12 Other ( p rovide details if materia l )Net investing cash flows1.13 Total operating and investing cash flows (168) (1,097)Cash flows related to financing activities1.14 Proceed s from issue s of shares, o p tions, etc. - 4001.15 Proceed s from sale of forfeited s h ares1.16 Proceed s from borro w ings1.17 Repayment of borro w ings1.18 Dividen d s paid1.19 Other ( p rovide details if materia l )Capital rais i ng costs - (11)Net financing cash flows - 389Net increase (decrease) in cash held (168) (708)1.20 Cash at b eginning o f quarter/yea r to date 225 7651.21 Exchan g e rate adjus t ments to ite m 1.201.22 Cash at end of quarter 57 57----- End of picture text -----

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• S ee chapter 1 9 for defined t e rms.

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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

1.231.24	Aggregate amount of payments to the parties included in item 1.2Aggregate amount of loans to theparties included in item 1.10	Currentquarter$A'000
		37
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
	100	-

		available$A’000	used$A’000
3.1	Loan facilities	100	-
3.2	Credit standby arrangements

Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1Exploration and evaluation4.2Development4.3Production4.4Administration	$A’000
	1080
Total	90

Reconciliation of cash

TotalReconciliation of cash		90
Reconciliation of cash at the end of the quarter (as shown in theconsolidated statement of cash flows) to the related items in the accountsis as follows.	Currentquarter$A’000	Previousquarter$A’000
5.1Cash on hand and at bank5.2Deposits at call5.3Bank overdraft5.4Other(provide details)	57	225
Total: cash at end ofquarter(item 1.22)	57	225

• See chapter 19 for defined terms.

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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.

	Totalnumber	Numberquoted	Issue priceper security(see note 3)(cents)	Amountpaid up persecurity(see note 3)(cents)
7.1Preference+securities7.2Changes during quarter(a) Increases through issues(b) Decreases through returns ofcapital,buy‐backs,redemptions
7.3+Ordinary securities7.4Changes during quarter(a) Increases through issues(b) Decreases through returns ofcapital,buy‐backs	251,472,228	251,472.228
7.5+Convertible debt securities(description)7.6Changes during quarter(a) Increases through issues(b) Decreases through securitiesmatured,converted
7.7Options (description andconversion factor)	12,500,000	-	ExercisePrice2.5 cents	ExpiryDate1 August2018
7.8Issued during quarter7.9Exercised during quarter7.10Expired during quarter
7.11Debentures(totals only)
7.12Unsecured 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 July 2016

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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