Leading the Copper Renaissance in the Otavi Mountain …files.aussiehome.com/cmsFiles/524/file/SBR...

explore extend extract

Leading the Copper Renaissance in the Otavi Mountain Land

explore extend extract Sabre Resources - Introduction

Slide 2

• 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 km2,

• 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.

Otavi Mountain Land

Presentation to Sabre EGM, June 2012

EPL 3540

EPL 3542

explore extend extract Copper Supply & Demand

• 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,

• 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.

Presentation to Sabre EGM, June 2012 Slide 3

explore extend extract Operating in Namibia

Slide 4

• 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.


explore extend extract The Pan African Mobile Belt

Slide 5 Presentation to Sabre EGM, June 2012

Angola Craton

Zimbabwe Craton

Kaapvaal Craton

Namib Copper Belt

• 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.

Southern Africa

Otavi Mountain Land Copper Project

• 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.


Copper Trends in the OML



Kombat Copper Trend


10 kilometres

Copper Surface Geochemistry

Nehlen

Rendezvous Guchab

Otjirukaku Pb-Zn

Witvark Rodgerberg

Schneiderhohn

KOMBAT MINE 8.7 Mt @ 3.1% Cu & 26 gpt Ag

(Excised)

Gross Otavi (Excised) Kupferberg

Baltika

Clubhead Pb-Zn Odin Pb-Zn

Schlenters

Sommerau

Guchab Nord

• 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

Rietfontein Pb-Zn


Guchab Copper Mining Centre


• 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.


Guchab Sampling & Target Area


Schlangenberg

Guchab Rodgerberg

GCTR 005 (Trench) 29 m @ 2.73% Cu & 22 gpt Ag




GCTR 015 (Trench) 7 m @ 10.66% Cu & 127.00 gpt Ag



GUUG 004 (Underground) 5 m @ 6.02% Cu & 88 gpt Ag


RUUG 005 (Underground) 13 m @ 5.32% Cu & 192 gpt Ag




Schlangental

0 1 km

Copper in Soils (ppm) >5000

1000-4999

500-999

100-499

Guchab Mining Centre, Kombat Copper Trend, Otavi Mountain Land.


Lucas Post Copper Trend


Copper Surface Geochemistry

Uitsabpad

Teco

Driehoek Zn-Pb

Uitsab

Harasib II Rooikat

Tigerschlught

Jagers

Rooivark

Kaskara

10 kilometres

• 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.


Kaskara Cu-V Prospect


• 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.


Kaskara Sampling & Targets


• 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.

Harasib III O/P

Sulphide Mineralisation Cu-Pb-Ag

(Targeted through IP)

Harasib Drill Adit

Diagrammatic Cross Section Kaskara Outcrop

Approx 50 m

Outcrop of Gossans

• 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.

explore extend extract Zn-Pb-Ag Deposits in the OML


Zn+Pb Surface Geochemistry

South Ridge

Nosib Claims

Hornigs

Border 16.2 Mt @ 2.12% Zn+Pb

Nosib H

Irvington

Ratel

Nosib E

Nosib

10 kilometres

Sinkhole

Tiger Tunnel


Sabre Resources – Objectives

Slide 14

• 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.


explore extend extract Sabre Resources – Corporate

Slide 15


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


Disclaimer & Declaration


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.

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