SABREESSOURCES LTD

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RESOURCES LTDSABREextractextendexploreDOLDisclaimer & Declarat
This presentation has been prepared by Sabre Resources Ltd ("SBR") as a summary of the company's exploration and developmentactivities, with particular reference to the Otavi Mountain Land Copper & Base Metals Project ('OML') in Namibia.
to those securities. No agreement to subscribe for securities in SBR will beThe presentation is not, and should not, be considered as an offer or invitation to subscribe for, or purchase any securities in SBR, or asan inducement to make an offer or invitation with respectentered into on the basis of this presentation.No Offer of Securities
current expectations about future events and on a number of assumptions which are subject to significant uncertainties and contingenciesThis presentation contains certain forward looking statements which have not been based solely on historical facts but, rather, on SBR'smany of which are outside the control of SBR and its directors, officers and advisers.Forward Looking Statements
Due care and attention has been taken in the preparation of this presentation. However, the information contained in this presentation(other than as specifically stated) has not been independently verified nor has it been audited. Accordingly, the company does not warranthowever arising, will be accepted by SBR or its directors, officers or advisers, for the fairness, accuracy or completeness of theor represent that the information contained in this presentation is accurate or complete. To the fullest extent permitted by law, no liability,Reliance on Third Party Informationinformation contained in this presentation.
The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on informationcompiled by Mr Timothy Putt of Sabre Resources Ltd, who is a member of The Australasian Institute of Geoscientists. Mr Putt hassufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he isin the 2004 Edition of the "Australasian Code for Reporting of Explorationconsents to the inclusion in the presentation of the matters based on hisundertaking to qualify as a Competent Person as definedResults, Mineral Resource and Ore Reserves". Mr Puttinformation in the form and context in which it appears.Competent Person Declaration
Slide 2Presentation to BBY Resources Conference November 2012

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Sabre Resources in Namibia

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Sabre (ASX: SBR) is an ASX-listed copper focused, mineral exploration & development company,
Sabre's main asset is the Otavi Mountain Land (OML) Copper & Base Metal Project in northern Namibia,
significant base metal provinces, including high-grade In the mid 20th Century the OML was one of the world's production from:

Tsumeb - 24.9 Mt @ 5.5% Cu, 11.8% Pb & 171 gpt Ag, 8.7 Mt @ 3.1% Cu, 1.1% Pb & 26 gpt Ag. Kombat -

Sabre controls over 800 km2 of the central OML,
prospective base metal rich trends, each covering more Sabre's OML project covers four significant & highly than 25 km of strike,
Sabre is developing a pipeline of projects, ranging from green fields targets through to resource delineation.

Why Copper?

Demand increasing for copper as the construction cycle matures in Asia,
Major mining houses continue to show long term confidence in copper e.g. BHP, Rio Tinto, Xstrata,
telecommunications cabling, electric motors , power cables Copper remains a 'metal in demand' - used in tubing, alloys, and wiring,
Production falls forecast due to falling head grades in some of the worlds largest mines including Freeport's Grasberg mine (Indonesia) and BHP/Rio's Escondida mine (Chile),
Increasing demand reflected in falls in both LME & Shanghai Futures Exchange stockpiles over the past 12 months,
Most new sources of supply are several years away from Alddns potential, medium term, Ø creating production, DEFICIT.

Operating in Namibia

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Namibia has a stable and democratic government,
Proven significant supplier of uranium, diamonds and copper with highly prospective geology,
Long established mining law and culture,
Mining/exploration 'friendly' environment, with a royalty rate of 3%, and mining providing more than 13% of GDP,
Namibia boasts an excellent infrastructure network including high voltage power, telecommunications, reticulated water, paved roads, rail to port and mining infrastructure,
Established base metal mining industry, including significant copper mines and processing facilities at Otjihase & Matchless near Windhoek, as well as Tsumeb & Kombat in the Otavi Mountain Land,
the project area and is one of only five operating copper smelters in The Tsumeb Mine & Smelter Complex lies only 45 km to the north of Africa.

Mining Infrastructure in the OMI

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A key advantage of the OML is its long history of mining, with the associated culture and processing infrastructure. This includes:

progress to double capacity but currently processes 120,000 tonnes of -Tsumeb Copper Smelter (Dundee PM) - US$145 million upgrade in concentrates per annum, ·Tsumeb Concentrator (Weatherly Int) - on 'care & maintenance', largely intact 560,000 tonnes per annum circuit. Closed in 2008 due to low copper prices, ·Kombat Concentrator (Kombat Copper) - detailed engineering review underway with a view to restarting the project. It is a 400,000 tonne per annum circuit, closed in 2008 due to low copper prices, -Rail - network of rail through region, from the port at Walvis Bay to Tsumeb & Grootfontein (with a dedicated siding at Guchab),

·Roads - paved and 'made' gravel roads throughout region,

.High Voltage Power - power throughout the OML region, sourced internally and from neighbouring countries including Zambia

the The Pan African Mobile Belts host some of the worlds most economically significant, and high-grade, copper deposits including Zambian, Kalahari and Namib Copper Belts,
The OML lies on the eastern end of the Namib Copper Belt, on the northern margin of the Damaran Mobile Belt, in southern Africa.

*excised from the SBR tenement area

Guchab Copper Mining Centre

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SABRE RESOURCES LTD extract
The Guchab mining centre was discovered and operated in the early 1900s,
The mining area was worked as a series of shallow open pits, box cuts and adits, with the most extensive underground workings in the 'High Valley',
Ores averaged more than 10% copper and were later hand sorted to produce ore grading up to 33% copper,
Mining in the area ceased in 1925, with only sporadic exploration in the 1950s and again in the 1970s,
Recent exploration shows the mine environs to extend over more than 4,000 metres of strike, with surface geochemistry in excess of 1% copper and outcrop sampling at over 10% copper,
Channel sampling revealed high-grade copper mineralisation over significant widths (incl GCTR 002 - 16 m $@$ 10.16% Cu & 64 gpt Ag).

Guchab - Diamond Drilling

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Sabre initiated a programme of reconnaissance drilling at Guchab in July 2012 to test several zones of outcropping mineralisation,
A diamond rig is being used for this exploration as it is the most portable unit available given the rugged terrain, g)
Better results for the drilling programme include: g)

PAD1

107.75 m @ 1.15% Cu & 6.93 gpt Ag 22.20 m @ 3.45% Cu & 29.67 gpt Ag GCDD0005 GCDD0001

PAD2

14.10 m @ 1.31% Cu & 10.50 gpt Ag GCDD0006

PAD4

Two holes, with visible mineralisation, have now been completed with assays pending.

JORC resource drilling scheduled to commence in Q1 2013. $\bullet$

Presentation to BBY Resources Conference, November 2012

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Schlangental

•Located in the valley immediately to the west of Guchab,

Open pit workings in valley floor,

·Mapping shows sub cropping mineralisation on east-west trend, ·Sampling programme underway in preparation for RC drilling.

Eisernen Hut ('Iron Hat')

·Malachite-chalcocite-quartz stock work & breccia forms an iron-·Mapping & sampling programme in progress in preparation for . The 'Iron Hat' forms the western portion of the Rodgerberg mining ·Minimal previous exploration although some 'high grade' mining, .'Rediscovered 'by SBR as part of recent reconnaissance work, area, immediately adjacent to the Eastern Adits at Guchab, silica rich cap on a prominent hill overlooking Guchab,

Presentation to BBY Resources Conference, November 2012

The Lucas Post Trend covers more than 25 km of strike and hosts a number of copper and vanadium prospects - extensive infill soil sampling programme underway,
The Kaskara prospect shows the geochemical and structural similarities to the Tsumeb Cu-Pb-Ag mine complex to the north,
A number of copper and vanadium prospects require drill testing including, Rooikat, Harasib II and Uitsab.

Lucas Post Trend - Kaskara

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Identified by SBR & DH Discovery as a 'conceptual target',
more than 2,500 metres of strike (with up to 23% Copper & 3% Kaskara is highlighted by high-grade surface geochemistry over Vanadium),
21.9m @ 5.79% Pb, 2.52% $V, O_5$ & 0.45% Cu) has caused issues with the effectiveness of diamond drilling, however channel sampling of Deep weathering profile and friable vanadium mineralisation (incl. historical surface and underground workings has proved effective,
Recent channel sampling within the Harasib III pit, adjacent to the Kaskara outcrop, has returned significant mineralisation including: KKUG 023

21 m @ 4.79% Pb, 2.00% $\rm V_2O_5$ & 0.21% Cu 6 m @ 8.71% Pb, 3.69% $V_2O_5$ & 0.47% Cu KKUG 024

IP geophysics has identified Sulphide Copper targets at depth,
An extensive programme of RC drilling is now underway.

Kaskara Cul Fe-Pb-V Deposit

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Cu-Pb-V, with a 'Tsumeb-style' mineralisation, namely deep weathering profile, shows Kaskara
Covers more than 2,500 metres of strike,
Surface gossans have returned assays of up to 23% Copper, 35% Lead, 34% Zinc & 3% Vanadium,
Sampling in the Harasib III pit returned: 21 m @ 4.8% Pb, 2.0% $V_2O_5$ & 0.2% Cu
13 m @ 7.4% Pb, 2.9% V2O5 & 0.4% Cu Sampling of underground workings included:
$22 \text{ m}$ @ 5.8% Pb, 2.5% $\text{V}_2\text{O}_5$ , & 0.5% Cu Diamond drilling included:
mineralisation in the weathered oxide RC drilling to test the Fe-Pb-V & Cu zone & deeper sulphide copper targets.

Presentation to BBY Resources Conference, November 2012

extend ore Kaskara Cu/Fe-Pb-V - RC Drilling

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RC drilling commenced at Kaskara in late October 2012,
Five holes completed to date, with drilling proving technically challenging due fractured ground conditions and friable Fe-Pb-V oxide mineralisation,
Drilling commenced on the lower slopes of the hill at Kaskara,
delineate the periphery of the mineralised system then The RC programme is designed to initially test & to follow it to depth,
Later drill holes will test the Sulphide Copper IP target at depth,
RC is proving to be an effective drilling method to test the mineralisation at Kaskara.

Sabre Resources - Summary

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Sabre holds an extensive ground position in the established Otavi Mountain Land copper province,
Sabre's targets range from green fields geochemical anomalies to resource delineation,
Sabre's work programme is focused on copper, however other exploration targets also lead, zinc and vanadium,
Reconnaissance drilling continues to meet with success at the Guchab copper prospect, with resource drilling scheduled to commence at the Eastern Adits (Pad 1) in Q1 2013,
RC drilling is underway at Kaskara, moving towards resource definition.

RESOURCES LTDSABREextractextendexplore	David Zukerman - Executive DirectorBoard & Management	Jonathan Downes - Non-Executive DirectorMichael Scivolo - Non-Executive DirectorDr Matthew Painter - GM ExplorationTim Putt - Chief Executive Officer	Metallurgical Support Pty Ltd - MetallurgyIMO Pty Ltd - Feasibility StudiesSpecialist Consultants	0.600.500.400.300.10MGC0.20Jul 12ANDREW PROFIT DOWNJul 11Jul 10SBR - Share Price & Volumes (Five Year)High: 0.65Jul 09Jul 08
orporateSabre Resources	226,472,228 Ordinary Shares(as of 1 October 2012)Issued Capital	10.72%30.55%4.03%2.87%4.15%Major Shareholders & AssociatesBow Lane NomineesNational NomineesBrispot NomineesConiston Pty LtdBBY Nominees	hareLast Funding (8/2012) A$8.0 Million @ A$0.26/SA$0.19/ShareMarket Cap (9/11/12) ~A$43 MillionShare Price (9/11/12)	0.100.300.260.200.160.060.3530M10MNow⋚$\overline{\mathrm{C}}$SepHigh: 0.365$\sum_{1 \text{ over } 0.087}$AugJunMaySBR - Share Price & Volumes (1 Year)AprMarີ້ງFeb.12DecF

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Presentation to BBY Resources Conference, November 2012

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SABRE RESOURCES LIMITED Investor Presentation 2012