SABRE RESOURCES LIMITED — Interim / Quarterly Report 2016

Jan 28, 2016

Appendix 5B

Rule 5.5

Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013

Name of entity

Sabre Resources Ltd

68 003 043 570

ABN

Quarter ended ("current quarter")

31 December 2015

		Currentquarter	Year to date(6 months)
	Cash flows related to operating activities	$A'000	$A'000
1.1	Receipts from product sales and related debtors	$\overline{4}$	$\overline{4}$
1,2	Payments for (a) exploration & evaluation	(186)	(501)
	(b) development
	(c) production
	(d) administration	(139)	(310)
1.3	Dividends received
1.4	Interest and other items of a similar nature received	8	12
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Other (provide details if material) VAT Refund		104
	Net Operating Cash Flows	(313)	(691)
	Cash flows related to investing activities
1.8	Payment for purchases of: (a) prospects
	(b) equity investments
	(c) other fixed assets
1.9	Proceeds from sale of:(a) prospects
	(b) equity investments
	(c) other fixed assets
1.10	Loans to other entities
1.11	Loans repaid by other entities
1.12	Other (provide details if material)
	Net investing cash flows
1.13	Total operating and investing cash flows	(313)	(691)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.	400	400
1.15	Proceeds from sale of forfeited shares
1.16	Proceeds from borrowings
1.17	Repayment of borrowings
1.18	Dividends paid
1.19	Other (provide details if material)Capital raising costs	(11)	(11)
	Net financing cash flows	389	389
	Net increase (decrease) in cash held	76	(302)
1.20	Cash at beginning of quarter/year to date	387	765
1.21	Exchange rate adjustments to item 1.20
1.22	Cash at end of quarter	463	463

Consolidated statement of cash flows

+ See chapter 19 for defined terms.

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

		quarter$A'000
1.23	Aggregate amount of payments to the parties included in item 1.2	33
1.24	Aggregate amount of loans to the parties included in item 1.10
1.25	Explanation necessary for an understanding of 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

		$A'000
4.1	Exploration and evaluation	75
4.2	Development
4.3	Production
4.4	Administration	100
	Total	175

Reconciliation of cash

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
5.1	Cash on hand and at bank	463	387
5.2	Deposits at call
5.3	Bank overdraft
5.4	Other (provide details)
	Total: cash at end of quarter (item 1.22)	463	387

Current

+ See chapter 19 for defined terms.

Changes in interests in mining tenements and petroleum tenements

		Tenementreference andlocation	Nature ofinterest(note (2))	Interest atbeginningof quarter	Interest atend ofquarter
6.1	Interests in mining tenementsand petroleum tenementsrelinquished, reduced or lapsed
6.2	Interests in mining tenementsand petroleum 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)	Amountpaid up persecurity
				(cents)	(see note 3)(cents)
7.1	Preference +securities
7.2	Changes during quarter(a) Increases through issues
	(b) Decreases through returns ofcapital, buy‐backs, redemptions
7.3	+Ordinarysecurities	251,472,228	251,472.228
7.4	Changes during quarter
	(a) Increases through issues	25,000,000	25,000,000	1.6	1.6
	(b) Decreases through returns ofcapital, 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			ExercisePrice	ExpiryDate
	(description andconversion factor)	12,500,000	-	2.5 cents	1 August2018
7.8	Issued during quarter	12,500,000	-	Nil	Nil
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 5).
• 2 This statement does /does not* (delete one) give a true and fair view of the matters disclosed.

Sign here: Date: 29 January 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.

== == == == ==

+ See chapter 19 for defined terms.