SABRE RESOURCES LIMITED — Major Shareholding Notification 2021

Dec 16, 2021

Form603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Sabre Resources Limited
ACN/ARSN	003 043 570
1. Details of substantial holder (1)
Name	James John del Piano
ACN/ARSN (if applicable)	N/A
The holder became a substantial holder on	15/12/2021

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes(5)	Voting power (6)
ORD	105,700,000	105,700,000	6.12%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the daltetsubstantial holder became a substantial holderareas follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
James John del Piano	Direct Interest	35,000,000
Coniston Pty Ltd	Relevant interest by virtue of the s608 (1)of The Corporations Act 2001.	70,700,000

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Class and numberdsecurities
James John del Piano	James John del Piano	James John del Piano	35,000,000
Coniston Pty Ltd	Coniston Pty Ltd (The ConistonTrust)	Coniston Pty Ltd (The Coniston 70,700,000Trust)

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows

Holder of relevantinterest	Date of acquisition	Consideration (9)		Class and number ofsecurities
		Cash	Non-cash
James John del Piano	15/12/21		Deposit for ChalcoResources Pty Ltd SaleAgreement	$35,000,000$ (ORD)

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Coniston Pty Ltd $-008$ 943 093	James John del Piano controls Coniston Pty Ltd.

7. Addresses

The addresses of persons named in this formare as follows:

Name	Address
James John del PianoPO BOX 1618 West Perth WA 6872
Coniston Pty LtdPO BOX 1618 West Perth WA 6872

Signature

pintname James John del Tianosign here	PERSONAL CAPACITYCONSTON PTY LID.date

DIRECTIONS

• $(1)$ If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essertialy similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members dearly set out in paragraph 7 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• $(3)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a $(5)$ relevant interestin.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• $(7)$ Include details of:
  • any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting $(a)$ out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
  • any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the $(b)$ securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". $(8)$
• Details of the consideration must include any and all benefits, money and other, that any person from who a relevant interest was acquired has, or may, become $(9)$ entitled to receive in relation to that acquisition. Detail must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.