SABRE RESOURCES LIMITED — Investor Presentation 2012

Jun 27, 2012

==> picture [780 x 96] intentionally omitted <==

==> picture [744 x 222] intentionally omitted <==

Leading the Copper Renaissance in the Otavi Mountain Land

==> picture [780 x 5] intentionally omitted <==

==> picture [36 x 27] intentionally omitted <==

explore extend extract

Sabre Resources - Introduction

explore extend extract

==> picture [72 x 32] intentionally omitted <==

==> picture [780 x 5] intentionally omitted <==

• Sabre ( ASX: SBR ) is an ASX-listed copper focused, mineral development company,

• Key focus is the Otavi Mountain Land (OML) Base Metal Project in northern Namibia, southern Africa,

• The OML is one of the worlds significant base metal provinces, including production from the Tsumeb Mine & Smelter complex of:

24.9 Mt @ 5.5 % Cu, 11.8% Pb & 171 g/t Ag,

• The recent acquisition of the Otavi Valley (EPL 3540) expands the SBR’s OML project area to over 800 km[2] ,

• The OML project covers at least two highly prospective Copper rich trends, each covering more than 25 km of

• strike,

• Sabre is developing a pipeline of projects, ranging from green fields targets through to resource delineation.

==> picture [103 x 197] intentionally omitted <==

Otavi Mountain Land

==> picture [266 x 208] intentionally omitted <==

----- Start of picture text -----

EPL 3542
EPL 3540
----- End of picture text -----

Slide 2

Presentation to Sabre EGM, June 2012

Copper Supply & Demand

==> picture [384 x 42] intentionally omitted <==

explore extend extract

==> picture [780 x 5] intentionally omitted <==

• Copper demand to follow iron ore as the construction cycle matures in Asia,

• Major mining houses showing long term confidence in copper e.g. BHP, Rio Tinto, Xstrata,

• Copper remains a ‘metal in demand’, used in tubing, alloys, telecommunications cabling, electric motors , power cables and wiring,

==> picture [208 x 199] intentionally omitted <==

• Production falls forecast due to falling head grades in some of the worlds largest mines including Freeport’s Grasberg mine and BHP/Rio’s Escondida mine,

• Increasing demand reflected in falls in both LME & Shanghai Futures Exchange stockpiles over the past 12 months,

• Most new sources of supply several years away from production creating a potential supply DEFICIT.

==> picture [208 x 205] intentionally omitted <==

Presentation to Sabre EGM, June 2012

Slide 3

Operating in Namibia

==> picture [384 x 42] intentionally omitted <==

explore extend extract

==> picture [780 x 5] intentionally omitted <==

• 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 9% of GDP,

• Namibia boasts an excellent infrastructure network including high voltage power, telecommunications, reticulated water, paved roads, rail to port and mining infrastructure,

• • The Kombat copper mine and concentrator ( TSXV: Kombat Copper ) sits within an excision within the OML project area (on EPL 3540) and,

• The Tsumeb Mine & Smelter Complex ( TSX: Dundee Precious Metals ) lies only 45 km to the north of the project area and is one of only five smelters in Africa.

==> picture [193 x 405] intentionally omitted <==

Slide 4

Presentation to Sabre EGM, June 2012

==> picture [384 x 42] intentionally omitted <==

The Pan African Mobile Belt

explore extend extract

==> picture [780 x 5] intentionally omitted <==

==> picture [157 x 190] intentionally omitted <==

----- Start of picture text -----

Southern
Africa
----- End of picture text -----

==> picture [246 x 217] intentionally omitted <==

----- Start of picture text -----

Angola
Craton
Zimbabwe
Craton
----- End of picture text -----

Otavi Mountain Land Copper Project

Namib Copper Belt

==> picture [192 x 100] intentionally omitted <==

----- Start of picture text -----

Kaapvaal
Craton
----- End of picture text -----

• The Pan African Mobile Belt hosts some of the worlds most economically significant, and high-grade, copper deposits in the Zambian, Kalahari and Namib Copper Belts,

• The OML lies within the Namib Copper Belt , on the northern margin of the Pan African Mobile Belt, in southern Africa.

==> picture [36 x 27] intentionally omitted <==

Presentation to Sabre EGM, June 2012

Slide 5

==> picture [384 x 42] intentionally omitted <==

Copper Trends in the OML

explore extend extract

==> picture [780 x 5] intentionally omitted <==

==> picture [524 x 393] intentionally omitted <==

• Two key copper trends

• identified within the OML project area. These are:

• Lucas Post Cu-V Trend,

• Kombat Cu-Ag Trend.

• Both trends cover more than 25km of strike and are highly mineralised.

• Exploration now focused on delineation and expansion of resources at Guchab & Kaskara.

Slide 6

Presentation to Sabre EGM, June 2012

Kombat Copper Trend

==> picture [384 x 42] intentionally omitted <==

explore extend extract

==> picture [780 x 5] intentionally omitted <==

==> picture [751 x 221] intentionally omitted <==

----- Start of picture text -----

Baltika
10 kilometres
Gross Otavi
Kupferberg (Excised) Sommerau
Odin Pb-Zn Clubhead Pb-Zn
Guchab Nord
Schlenters
Rietfontein Pb-Zn
Schneiderhohn
Otjirukaku Pb-Zn
Nehlen
Rodgerberg Witvark
KOMBAT MINE Rendezvous
Guchab
8.7 Mt @ 3.1% Cu & 26 gpt Ag
Copper Surface Geochemistry (Excised)
----- End of picture text -----

• The Otavi Valley hosts an extensive, copper-rich trend that includes two mines, Kombat & Gross Otavi* which ‘Kombat Copper’ (TSXV: KBT) plan to bring back into production in the near future,

• Sabre controls over 40 kilometres of recognised copper-rich stratigraphy, which also hosts a significant number of historic mines and prospects,

• Key targets include the historic Guchab and Baltika mining centres, as well as the Nehlen, Rendezvous, Guchab Nord and Witvark prospects,

*both excised from the SBR tenement area

Slide 7

Presentation to Sabre EGM, June 2012

Guchab Copper Mining Centre

explore extend extract

==> picture [72 x 32] intentionally omitted <==

==> picture [780 x 5] intentionally omitted <==

• The Guchab mining centre hosts the Schlangental, Guchab & Rodgerberg mines and were operated in the early 1900’s, producing ore grading up to 33% copper,

• 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 of the Guchab workings has returned high-grade copper-silver mineralisation, including: GCTR 002 16 m @ 10.16% Cu & 64 gpt Ag GCTR 023 25 m @ 6.70% Cu & 59 gpt Ag

• Underground sampling at Rodgerberg, included: RUUG 001 3 m @ 10.88% Cu & 473 gpt Ag RUUG 005 13 m @ 5.32% Cu & 192 gpt Ag

• Preparation for diamond drilling programme in progress.

==> picture [159 x 405] intentionally omitted <==

Presentation to Sabre EGM, June 2012

Slide 8

Guchab Sampling & Target Area

explore extend extract

==> picture [72 x 32] intentionally omitted <==

==> picture [780 x 5] intentionally omitted <==

==> picture [755 x 416] intentionally omitted <==

----- Start of picture text -----

Copper in Soils (ppm)
Guchab Mining Centre, Kombat Copper Trend, Otavi Mountain Land.
>5000
1000-4999
500-999
100-499
Schlangenberg
Schlangental Guchab
GCTR 026 (Trench) Rodgerberg
22 m @ 5.83% Cu & 48 gpt Ag GCTR 005 (Trench)
GUUG 004 (Underground) 5 m @ 6.02% Cu & 88 gpt Ag 29 m @ 2.73% Cu & 22 gpt Ag RUUG 005 (Underground)
13 m @ 5.32% Cu & 192 gpt Ag
GCTR 024 (Trench)
10 m @ 1.53% Cu & 18 gpt Ag
GCTR 023 (Trench) GCTR 002 (Trench)
24 m @ 6.73% Cu & 57 gpt Ag 16 m @ 10.16% Cu & 64 gpt Ag RUUG 001 (Underground)
3 m @ 10.88% Cu & 473 gpt Ag
GCTR 011 (Trench) GCTR 015 (Trench) GCTR 004 (Trench) RUUG 005 (Underground)
2 m @ 12.93% Cu & 138 gpt Ag 7 m @ 10.66% Cu & 127.00 gpt Ag 22 m @ 3.65% Cu & 23 gpt Ag 5 m @ 6.96% Cu & 302 gpt Ag
GCTR 009 (Trench)
20 m @ 0.80% Cu & 18 gpt Ag
0 1 km
----- End of picture text -----

Slide 9

Presentation to Sabre EGM, June 2012

Lucas Post Copper Trend

==> picture [384 x 42] intentionally omitted <==

explore extend extract

==> picture [780 x 5] intentionally omitted <==

==> picture [766 x 219] intentionally omitted <==

----- Start of picture text -----

Teco
Rooikat
Harasib II
Jagers
Tigerschlught Uitsab
Uitsabpad
Kaskara
Driehoek Zn-Pb
Rooivark
10 kilometres Copper Surface Geochemistry
----- End of picture text -----

• The Lucas Post Trend covers more than 25 km of strike and hosts a number of copper and vanadium prospects,

• 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.

Slide 10

Presentation to Sabre EGM, June 2012

Kaskara Cu-V Prospect

==> picture [384 x 42] intentionally omitted <==

explore extend extract

==> picture [780 x 5] intentionally omitted <==

• Kaskara is highlighted by high-grade surface geochemistry over more than 2,500 metres of strike (with up to 23% Copper & 3% Vanadium),

• Deep weathering profile and friable vanadium mineralisation (incl. 21.9m @ 2.52% V2O5, 5.79% Pb, & 0.45% Cu) has caused issues with the effectiveness of diamond drilling, however channel sampling of 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 @ 2.00% V2O5, 4.79% Pb & 0.21% Cu

• KKUG 024 6 m @ 3.69% V2O5, 8.71% Pb & 0.47% Cu

• Sulphide Copper targets, identified at depth through geophysics (IP),

• Preparation for an RC drilling programme well advanced.

==> picture [159 x 405] intentionally omitted <==

Slide 11

Presentation to Sabre EGM, June 2012

==> picture [384 x 42] intentionally omitted <==

Kaskara Sampling & Targets

explore extend extract

==> picture [780 x 5] intentionally omitted <==

• Kaskara shows ‘Tsumeb-type’ mineralisation, namely Cu-Pb-Ag-V,

• with a deep weathering profile,

• 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 @ 2.0% V2O5, 4.8% Pb & 0.2% Cu

• Sampling of underground workings

• included: 13 m @ 2.9% V2O5, 7.4% Pb & 0.4% Cu

• Diamond drilling included:

• 22 m @ 2.5% V2O5, 5.8% Pb & 0.5% Cu

• RC drilling to test the V-Pb mineralisation

• in the weathered oxide zone & deeper sulphide copper targets.

==> picture [440 x 413] intentionally omitted <==

----- Start of picture text -----

Diagrammatic Cross Section Harasib III O/P
Kaskara Outcrop
Outcrop of Gossans
Harasib Drill Adit
Sulphide Mineralisation
Cu-Pb-Ag
(Targeted through IP)
Approx 50 m
----- End of picture text -----

Presentation to Sabre EGM, June 2012

Slide 12

==> picture [384 x 42] intentionally omitted <==

Zn-Pb-Ag Deposits in the OML

explore extend extract

==> picture [780 x 5] intentionally omitted <==

==> picture [750 x 226] intentionally omitted <==

----- Start of picture text -----

Zn+Pb Surface Geochemistry Tiger Tunnel
South Ridge
Border
Nosib Claims 16.2 Mt @ 2.12% Zn+Pb
Nosib
Nosib H
Irvington
Sinkhole
Nosib E
Hornigs
Ratel
10 kilometres
----- End of picture text -----

• SBR is building a resource inventory of Zn-Pb-Ag mineralisation on the Pavian Trend, which has the hallmarks of a developing Mine Camp,

• The Pavian Trend covers more than 30 km of strike with historical mines & prospects, and includes the

• Inferred JORC resource at Border:

16.2 Million Tonnes @ 2.12 Zn+Pb & 4.86 gpt Ag (at a 1.25% Zn+Pb Cut-Off)

• Scoping studies on Border show low strip ratios, excellent metallurgy and low mining & processing costs,

• A number of prospects are targeted for conversion to JORC resources, including South Ridge, Nosib H & Irvington as well as Driehoek on the Hoek Trend to the south.

Slide 13

Presentation to Sabre EGM, June 2012

Sabre Resources – Objectives

explore extend extract

==> picture [72 x 32] intentionally omitted <==

==> picture [780 x 5] intentionally omitted <==

• Development Targets:

• Guchab Copper Mine - Resource Definition Drilling,

• Kaskara - Exploration & Resource Definition Drilling.

• Exploration-Resource Targets:

• Kombat Trend - Airborne EM & Drill Targeting,

• Lucas Post - Trench & Surface Sampling & Drill Targeting.

• Development Programme:

• Metallurgical Testing of Kaskara & Guchab mineralisation (Copper & Vanadium),

• Initiation of Kaskara and Guchab Scoping Studies,

• Progression of Pavian Trend (Zn-Pb-Ag) Feasibility Studies.

==> picture [159 x 405] intentionally omitted <==

Slide 14

Presentation to Sabre EGM, June 2012

Sabre Resources – Corporate

explore extend extract

==> picture [72 x 32] intentionally omitted <==

==> picture [780 x 5] intentionally omitted <==

Issued Capital 126,702,997 Ordinary Shares (as of 27 June 2012) 23,000,000 Unlisted Options

Major Shareholders & Associates Coniston 18.31% National Nominees 9.74% Investors Nominees 5.80% Bow Lane Nominees 5.14% Kirk Group 2.97%

Last Funding (11/2011) A$1.94 Million @ A$0.12/Share Current Price A$0.12/ Share

Market Cap ~A$16 Million

Board & Management

David Zukerman – Executive Director Alex Clemen– Non-Executive Director Michael Scivolo – Non-Executive Director Jonathan Downes – Non-Executive Director Tim Putt – GM Marketing & Development Dr Matthew Painter – GM Exploration

Specialist Consultants

IMO Pty Ltd – Feasibility Studies

SBR - Share Price & Volumes (1 Year)

==> picture [362 x 138] intentionally omitted <==

SBR - Share Price & Volumes (June 2007 to Present)

==> picture [343 x 137] intentionally omitted <==

Slide 15

Presentation to Sabre EGM, June 2012

Disclaimer & Declaration

==> picture [384 x 42] intentionally omitted <==

explore extend extract

==> picture [780 x 5] intentionally omitted <==

This presentation has been prepared by Sabre Resources Ltd (“SBR”) as a summary of the company’s exploration and development activities, with particular reference to the Otavi Mountain Land Project (‘OML’) in Namibia.

No Offer of Securities

The presentation is not, and should not, be considered as an offer or invitation to subscribe for, or purchase any securities in SBR, or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in SBR will be entered into on the basis of this presentation.

Forward Looking Statements

This presentation contains certain forward looking statements which have not been based solely on historical facts but, rather, on SBR’s current expectations about future events and on a number of assumptions which are subject to significant uncertainties and contingencies many of which are outside the control of SBR and its directors, officers and advisers.

Reliance on Third Party Information

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 warrant or represent that the information contained in this presentation is accurate or complete. To the fullest extent permitted by law, no liability, however arising, will be accepted by SBR or its directors, officers or advisers, for the fairness, accuracy or completeness of the information contained in this presentation.

Competent Person Declaration

The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dr Matthew Painter of Sabre Resources Ltd, who is a member of The Australasian Institute of Geoscientists. Dr Painter has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves”. Dr Painter consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

Slide 16

Presentation to Sabre EGM, June 2012