SABRE RESOURCES LIMITED — Interim / Quarterly Report 2018

Jan 30, 2018

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

+Rule 5.5 Appendix 5B

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, 01/05/13, 01/09/16

Name of entity

Sabre Resources Ltd

ABN68 003 043 570	Quarter ended (“current quarter”)
68 003 043 570	31 December 2017

Consolidated statement of cash flows

1.	Cash flows from operating activities	Currentquarter$A’000	Year to date(6 months)$A’000
1.11.21.31.41.51.61.71.81.9	Receipts from customersPayments for(a) exploration & evaluation(b) development(c) production(d) staff costs(e) administration and corporate costsDividends received (see note 3)Interest receivedInterest and other costs of finance paidIncome taxes paidResearch and development refundsOther (provide details if material)Net cash from/(used in) operating activities	24(57)(16)(41)	39(119)(32)(90)
		(90)	(202)
2.	Cash flows from investing activities
2.12.22.32.42.52.6	Payments to acquire:(a) property, plant and equipment(b) tenements (see item 10)(c) investments(d) other non-current assetsProceeds from the disposal of:(a) property, plant and equipment(b) tenements (see item 10)(c) investments(d) other non-current assetsCash flows from loans to other entitiesDividends received (see note 3)Other (provide details if material)Net cash from/(used in) investing activities
		-	-

• See chapter 19 for defined terms 1 September 2016

Page 1

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

3.3.13.23.33.43.53.63.73.83.93.104.4.14.24.34.44.54.65.5.15.25.35.45.56.6.16.26.37.7.17.27.3	Cash flows from financing activitiesProceeds from issues of sharesProceeds from issue of share optionsProceeds from exercise of share optionsTransaction costs related to issues of shares, convertiblenotes or optionsProceeds from borrowings80210Repayment of borrowingsTransaction costs related to loans and borrowingsDividends paidOther (provide details if material)Net cash from/(used in) financing activities80210Net increase/(decrease) in cash and cashequivalents for the period(10)8Cash and cash equivalents at beginning of period8466Net cash from / (used in) operating activities (item 1.9 above)(90)(202)Net cash from / (used in) investing activities (item 2.6 above)Net cash from / (used in) financing activities (item 3.10 above)80210Effect of movement in exchange rates on cash heldCash and cash equivalents at end of period7474Reconciliation of cash and cash equivalentsat the end of the quarter (as shown in the consolidatedstatement of cash flows) to the related items in the accountsCurrentquarter$A’000Previousquarter$A’000Bank balances7484Call depositsBank overdraftsOther (provide details)Cash and cash equivalents at end of quarter (should equalitem 4.6 above)7484Payments to directors of the entity and their associatesCurrentquarter$A'000Aggregate amount of payments to these parties included in item 1.2-Aggregate amount of cash flow from loans to these parties included initem 2.3-Include below any explanation necessary to understand the transactions included initems 6.1and 6.2Payments to related entities of the entity and their associatesCurrentquarter$A’000Aggregate amount of payments to these parties included in item 1.2-Aggregate amount of cash flow from loans to these parties included initem 2.3-Include below any explanation necessary to understand the transactions included initems7.1and7.2	8080(10)84(90)8074	210210866(202)21074
		Currentquarter$A’000	Previousquarter$A’000
			8484
			Currentquarter$A'000

• See chapter 19 for defined terms 1 September 2016

Page 2

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

8.	Financing facilities availableAdd notes as necessary for an understanding of theposition	Financing facilities availableAdd notes as necessary for an understanding of theposition		Total facilityamount atquarter end$A’000	Total facilityamount atquarter end$A’000	Amountdrawn atquarter end$A’000	Amountdrawn atquarter end$A’000
8.18.28.38.4	Loan facilitiesCredit standby arrangementsOther (please specify)The abovementioned loan facility is interest freeKalgoorlie Mine Management Pty Ltd. The facilityeffectively been increased by further advances andthis stage.		660660and unsecured and was provided bylimit was originally $450,000 but hasa new formal limit has not been set at	660		660
9.	Estimated cash outflows for next quarter						$A’000
9.19.29.39.49.59.69.7	Exploration and evaluationDevelopmentProductionStaff costsAdministration and corporate costsOther (provide details if material)Total estimated cash outflows						201620
							56
10.	Changes in tenements (items2.1(b) and 2.2(b) above)	Tenementreference andlocation	Nature ofinterest		Interest atbeginningof quarter		Interestat end ofquarter
10.1	Interests in mining tenementsand petroleum tenements lapsed,relinquished or reduced
10.2	Interests in mining tenementsand petroleum tenementsacquired or increased

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 2018

Print name: Paul Fromson Company Secretary

• See chapter 19 for defined terms 1 September 2016

Page 3

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

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.

• See chapter 19 for defined terms 1 September 2016

Page 4