SABRE RESOURCES LIMITED — Interim / Quarterly Report 2016

Jan 30, 2017

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

Appendix 5B + R ule 5.5 Mining exploration entity and oil and gas exploration entity quarterly report

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Introduce d 01/07/96. Ori g in Appendix 8. Amended 01/ 0 7/97, 01/07/98, 30/09/01, 01/ 0 6/10, 17/12/10 , 01/05/13, 01/ 0 9/16 N ame of entity Sabre Resources Ltd

ABN Quarter ended (“curr e nt quarter”) 68 003 043 570 31 December 2016

Consolidated statement of cash flows

1.	C ash flows from oper ating activ ities	Curren quarte $A’000 t r	Year to (6 mo $A’0 date nths) 00
1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9	R P ( ( ( ( ( D I I I R O N eceipts from ayments for a) explorat b) develop c) producti d) staff cos e) administ ividends rec nterest recei nterest ando ncome taxes esearch an ther (provid et cash fro customers ion & evalua ment on ts ration and c eived (seen ved ther costso paid d developme e details ifm m/(used in) tion orporate cos ote 3) f finance pa nt refunds aterial) operating a ts id ctivities	(39) (21) (58)	(6 (5 (13 4) 9) 1)
		(118)	(25 4)
2.	C ash flows from inve sting activ ities
2.1 2.2 2.3 2.4 2.5 2.6	P ( ( ( ( P ( ( ( ( C D O N ayments to a) property b) teneme c) investm d) other no roceeds fro a) property b) teneme c) investm d) other no ash flows f ividends re ther (provid et cash fro acquire: , plant ande nts (see item ents n-current as m the dispo , plant ande nts (see item ents n-current as rom loans to ceived (see e details ifm m/(used in) quipment 10) sets sal of: quipment 10) sets other entitie note 3) aterial) investing a s ctivities
		-	-

• See ch a pter 19 for d e fined terms 1 Septe m ber 2016

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

3.	Cash flows from financing activities	100	250
3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 3.10	Proceeds from issues of shares Proceeds from issue of convertible notes Proceeds from exercise of share options Transaction costs related to issues of shares, convertible notes or options Proceeds from borrowings Repayment of borrowings Transaction costs related to loans and borrowings Dividends paid Other (provide details if material) Net cash from/(used in) financing activities
		100	250
4.	Net increase/(decrease) in cash and cash equivalents for the period	(18)	(4)
4.1 4.2 4.3 4.4 4.5 4.6	Cash and cash equivalents at beginning of period Net cash from / (used in) operating activities (item 1.9 above) Net cash from / (used in) investing activities (item 2.6 above) Net cash from / (used in) financing activities (item 3.10 above) Effect of movement in exchange rates on cash held Cash and cash equivalents at end of period	71 (118) 100	57 (254) 250
		53	53
5.	Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts	Current quarter $A’000	Previous quarter $A’000
5.1 5.2 5.3 5.4 5.5	Bank balances Call deposits Bank overdrafts Other (provide details) Cash and cash equivalents at end of quarter (should equal item 4.6 above)	53	71
		53	71
6.	Payments to directors of the entity and their associates		Current quarter $A'000
6.1 6.2 6.3	Aggregate amount of payments to these parties included in item 1.2 22 Aggregate amount of cash flow from loans to these parties included in item 2.3 - Include below any explanation necessary to understand the transactions included in items 6.1and 6.2		22 -
7.	Payments to related entities of the entity and their associates		Current quarter $A’000
7.1 7.2 7.3	Aggregate amount of payments to these parties included in item 1.2 - Aggregate amount of cash flow from loans to these parties included in item 2.3 - Include below any explanation necessary to understand the transactions included in items7.1and7.2		- -

• See chapter 19 for defined terms 1 September 2016

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

8.	Financing facilities available Add notes as necessary for an understanding of the position	Financing facilities available Add notes as necessary for an understanding of the position	Financing facilities available Add notes as necessary for an understanding of the position	Total facility amount at quarter end $A’000	Total facility amount at quarter end $A’000	Amount drawn at quarter end $A’000	Amount drawn at quarter end $A’000
8.1 8.2 8.3 8.4	Loan facilities 350 250 Credit standby arrangements Other (please specify) Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well. The abovementioned loan facility is interest free and unsecured and was provided by KalgoorlieMineManagementPtyLtd.			350		250
9.	Estimated cash outflows for next quarter						$A’000
9.1 9.2 9.3 9.4 9.5 9.6 9.7	Exploration and evaluation Development Production Staff costs Administration and corporate costs Other (provide details if material) Total estimated cash outflows						10 20 40
							70
10.	Changes in tenements (items 2.1(b) and 2.2(b) above)	Tenement reference and location	Nature of interest		Interest at beginning of quarter		Interest at end of quarter
10.1 10.2	Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced Interests in mining tenements and petroleum tenements acquired or increased

• See chapter 19 for defined terms 1 September 2016

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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 in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

• 2 This statement gives a true and fair view of the matters disclosed.

Sign here: Date: 31 January 2017

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 that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.

2. If this quarterly report has been prepared in accordance with Australian Accounting Standards, 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. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.

3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

4. See chapter 19 for defined terms 1 September 2016

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