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Exploring the Kombat Copper Trend Otavi Mountain Land, Northern Namibia

Investor UpdateSydney & MelbourneMay 2013

ASX Code - SBR


Disclaimer & Declaration

Slide 2Presentation to Investors, Sydney & Melbourne, May 2013

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.

No Offer of SecuritiesThe 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 respect to those securities. No agreement to subscribe for securities in SBR will beentered into on the basis of this presentation.

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

Reliance on Third Party InformationDue 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 warrantor 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 theinformation contained in this presentation.

Competent Person DeclarationThe 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 isundertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of ExplorationResults, Mineral Resource and Ore Reserves”. Mr Putt consents to the inclusion in the presentation of the matters based on hisinformation in the form and context in which it appears.

explore extend extractCorporate Overview


ASX Code: SBR

Issued Capital: 226.47 MillionOptions: 3.75 MillionShare Price (17/5/13): $0.11Market Cap: ~A$25 MillionCash (at 31/4/13): $7.0 MillionDebt: Nil

SBR - Share Price & Volumes (1 Year)

Sabre Resources is a copper focused exploration company with a developing portfolio of base

metal assets in the highly prospective Otavi Mountain Land of northern Namibia.

Experienced Board & Management

Tim Putt – Chief Executive Officer

Dr Matthew Painter – GM Exploration

Luke Marshall – Resource Geologist

David Zukerman – Executive Director

Michael Scivolo – Non-Executive Director

Jonathan Downes – Non-Executive Director


Investment in Nambia

Slide 4

Namibia is an attractive investment destination, having:

• Pro-mining jurisdiction with a long history of production,

• Highly favourable geology, hosting a significant mineralendowment in extensive mineralised systems,

• Host to a number of ‘Tier One’ assets including:Rossing Uranium Mine, Rio Tinto – Operational,

Skorpion Zinc Mine, Vedanta – Operational,Namibian Diamonds, NAMDEB – Operational,Navachab Gold Mine, Anglogold – Operational,Husab Uranium Project, SwakopUranium – Development,Tsumeb Copper-Lead Mine, Weatherly – Closed.

• Outstanding infrastructure including rail to port, roads, power,water and communications, as well as one of only fiveoperational copper smelters in Africa at Tsumeb.

Presentation to Investors, Sydney & Melbourne, May 2013

Otavi Mountain Land

Windhoek

Swakopmund

Namibia

SouthernAfrica

explore extend extractThe Otavi Mountain Land

Slide 5

• The Otavi Mountain Land (‘OML’) is located in northern Namibia, 400km north of the capital of Windhoek,

• The OML has a long history of mining dating back to the mid-19th

century when copper was discovered in the region,

• It hosts a number of distinctive and ‘high-value’ deposits including:Tsumeb Copper-Lead Mine - >25 Mt @ >5% CopperKombat Copper-Lead Mine - >12 Mt @ >3% CopperBerg Aukas Zinc Mine - >3 Mt @ >17% ZincAdenab Vanadium Mine - >2 Mt @ >1% Vanadium

• The Tsumeb Mine & Smelter Complex lies only 45 km to the north ofthe project area and is one of only five operating copper smelters inAfrica,

• The OML is serviced by network of well maintained and high qualityinfrastructure including rail to port (600 km), roads, high-voltagepower, telecommunications, reticulated water and key mininginfrastructure.


explore extend extractMining Infrastructure in the OML

Slide 6

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

• Tsumeb Copper Smelter (Dundee PM) – US$300 million upgrade inprogress, including work to double capacity but currently processes120,000 tonnes of concentrates per annum,

• Tsumeb Concentrator (Weatherly International) – on ‘care &maintenance’, largely intact 560,000 tonnes per annum circuit.Closed in 2008 due to low copper prices,

• Kombat Concentrator (Kombat Copper) – detailed engineeringreview underway with a view to restarting the project. It is a 400,000tonne per annum circuit, closed in 2008 due to low copper prices,

• Rail – network of rail through region, from the port at Walvis Bay toTsumeb & Grootfontein (with a dedicated siding at Guchab),

• Roads – paved and ‘made’ gravel roads throughout region,

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


• Two key EPLs coveringover 800 km2,

• Host to at least fourrecognised base metaltrends, including twocopper-rich trends:

Lucas Post Cu-Pb-V, &

Kombat Cu-Ag Trends.

• Both copper trends covermore than 25km of strikeand are stronglymineralised,

• Sabres exploration is nowfocused on the KombatTrend and the delineationof resources at Guchab.


Base Metal Trends of the OML



Kombat Copper Trend


10 kilometres

Copper Surface Geochemistry

Nehlen

Rendezvous Guchab

Otjirukaku Pb-Zn

Witvark

Schneiderhohn

Gross Otavi(Excised)Kupferberg

Baltika

Clubhead Pb-ZnOdin Pb-ZnSchlenters Guchab Nord

• The Otavi Valley hosts the copper-rich Kombat Trend that takes in numerous high-gradehistorical copper mines, including the Kombat & Gross Otavi mines* as well as the Guchabmining centre,

• Sabre controls over 40 kilometres of recognised copper-rich stratigraphy along the KombatTrend,

• Sabres focus in 2013 is the exploration and delineation of resources in along the easternextensions of the Kombat Trend between the Kombat Mine and Rodgerberg prospect.

*excised from the SBR tenement area

Rietfontein Pb-Zn

2013 EXPLORATION TARGET AREA

RodgerbergKOMBAT MINE

Prod: 8.7 Mt @ 3.1% Cu & 26 gpt Ag(Excised)

Schlangental


Guchab Copper Mining Centre


• The Kombat & Guchab mining centres were discovered andoperated in the early 1900’s,

• The Guchab mining area was worked as a series of shallow openpits, box cuts and adits, with the most extensive undergroundworkings in the ‘High Valley’,

• Early ores averaged more than 10% copper and were later handsorted to produce ore grading up to 33% copper,

• Mining in the area ceased in 1925, with only sporadic exploration inthe 1950’s and again in the 1970’s,

• Sabres exploration appears to show that Guchab is the easternextensions to the Kombat mine sequence with elevated surfacegeochemical sampling over more than 10 kilometres of strike,including soil samples at over 1% Copper and outcrop sampling atover 10% Copper.

• Sabre initiated diamond drilling of the Guchab area in July 2012.


Guchab – Priority Exploration Area


High Valley(Drill Pad Four)

Eastern Adits

High Valley Underground

Mine WorkingsDrill Pad One

Drill Pad Two(Behind Hill)

Lower ValleySurface Mine

Workings

Drill Pad Five

Drill Pad Three


Guchab – Diamond Drilling


• Sabre initiated a programme of reconnaissance drilling at Guchab in July2012 to test several zones of outcropping mineralisation,

• The drilling programme continues to intersect broad zones of coppermineralisation including:

Eastern Adits - Pads One & FiveGCDD0001 107.75 m @ 1.15% Cu & 6.93 gpt Ag from 0.6mGCDD0005 22.20 m @ 3.45% Cu & 29.67 gpt Ag from 0.0mGCDD0014 53.10 m @ 1.23% Cu & 11.20 gpt Ag from 0.0mGCDD0015 51.85 m @ 1.35% Cu & 15.45 gpt Ag from 0.3mGCDD0019 45.65 m @ 1.04% Cu & 12.27 gpt Ag from 58.4m

Western Adits – Pad TwoGCDD0006 14.10 m @ 1.31% Cu & 10.50 gpt Ag from 0.90m

High Valley – Pad FourGCDD0011 18.85 m @ 1.06% Cu & 15.05 gpt Ag from 42.2m

Drill Pad Five

Open DownPlunge


Guchab East – Deposit Modelling


Open Along Strike

Open Along StrikeGuchab Eastern Adits

Main Lode

• Modelling of themineralisation hascommenced,

• Outcropping coppermineralisation coversmuch of the easternand northern slopesof the GuchabMountain,

• The Main Lode on theEastern Adits appearsto be a small part of amuch larger systemthat can be tracedover more than 400metres of strike,

• Upcoming drillingprograms will test thelink between the PadOne and Pad Fourmineralisation.

Zone of Outcropping Mineralisation

>400 metres

Drill Pad One

Drill Pad Four


Guchab Region – Other Prospects


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 completed in preparation for RC drilling.

Eisernenhut (‘Iron Hat or Cap’)• The ‘Iron Hat’ forms the western portion of the Rodgerberg mining

area, immediately adjacent to the Eastern Adits at Guchab,

• ‘Rediscovered’ by SBR as part of recent reconnaissance work,

• Malachite-chalcocite-quartz stock work & breccia forms an iron-

silica-rich cap on a prominent hill overlooking Guchab,

• Minimal previous exploration although some ‘high-grade’ mining,

• Mapping & sampling programme in progress in preparation for

diamond drilling in the second half of 2013.


Investment Highlights

Slide 14

• Sabre holds an extensive ground position in the established Otavi

Mountain Land copper province, with outstanding infrastructure,

• Sabre’s exploration for 2013 will focus on the eastern Kombat Trend

between the Kombat Mine and Rodgerberg prospect, with a budget of

~A$4 million,

• Drilling is focused on the Guchab East area, with one rig operational and

a second rig to arrive on site at the end of May – continued drilling

success will rapidly increase the size of the deposit,

• Sampling completed at Schlangental (west of Guchab) in preparation for

reconnaissance drilling in the near future,

• Exploration will continue in the Kombat East target area to delineate

further targets for potential resource definition.



ContactSabre Resources Ltd, Phone: +61 8 9481 7833Lvl 1, 8 Parliament Place, Email: [email protected] Perth, WA

www.sabresources.comASX Code - SBR

Exploring the Kombat Copper Trend - aussiehome.comfiles.aussiehome.com/cmsFiles/524/file/SBR 2013...

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