Sabre Resources Ltd · ASX:SBR
Sabre Resources — Shareholder Meeting (November 2007)
34 slides from Sabre Resources's shareholder meeting presentation, Nov 13, 2007
Slide 1: Sabre Resources Ltd AGM, 13 Nov 2007
For personal use only SABRE RESOURCES LTD AGM, 13 Nov 2007
Slide 2: Sabre Resources
For personal use only Sabre Resources Focus: • High quality base metal projects – Ongava Base Metals (known deposits) – Gnamma Dam Nickel • SBR holding in the Ongava Project independently valued at ~$63mil
Slide 3: SBR Company Details
For personal use only SBR Company Details Directors • Alexander Clemen Non Executive Director • Jonathon Downes Non Executive Director (tba) • Michael Scivolo Non Executive Director • David Zukerman Executive Director • Norman Grafton Company Secretary • Top 20 shareholders hold 78.2% of the company
Slide 4: SBR Capital Structure (at Nov 2007)
For personal use only SBR Capital Structure (at 13 Nov 2007) • ASX Code SBR • Issued Shares 42,434,851 listed 32,000,000 escrowed 74,434,851 • Options 39,000,000 • Cash at Bank A$3.1mil
Slide 5: Why base metals?
For personal use only Why base metals? • Presently tight markets, high prices • Upcoming production will not meet demand in 2-3 years time • An excellent opportunity for ground-level entry into the base metals sector
Slide 6: Zinc
For personal use only Zinc • 2007 likely to be “high water mark” with new supply coming on stream • Shortfalls in 2009-2011, tight, bullish market • LME warehouse stocks at historically low levels *sources – Macquarie (August 2007), Kitco (November 2007)
Slide 7: Lead
For personal use only Lead • Ongoing tight market • Limited new supply in 2008 • Market to follow zinc, tightening again in 2010 and 2011 *sources – Macquarie (August 2007), Kitco (November 2007)
Slide 8: Copper
For personal use only Copper • Demand driven by China • Supply issues tight, ongoing • Forecast demand to outstrip supply by 2009 *sources – Macquarie (August 2007), Kitco (November 2007)
Slide 9: The Ongava Lead-Zinc Project, Namibia
For personal use only THE ONGAVA LEAD-ZINC PROJECT, NAMIBIA Ongava Project South Atlantic Ocean Windhoek Johannesburg Indian Ocean Cape Town
Slide 10: Geology of the Otavi Mountainland, showing EPL3542
For personal use only Abenab Harasib Border Driehoek Geology of the Otavi Mountainland, showing EPL3542
Slide 11: Excellent infrastructure
For personal use only Excellent infrastructure
Slide 12: Infrastructure
For personal use only Infrastructure • Good access to roads, rail, power, water • Major highways • Good farm access tracks • Border ~30km to Tsumeb smelter • Driehoek ~17km to Kombat mine and railhead
Slide 13: Overview of the project area
For personal use only Overview of the project area • >800 km2 • ~350 km NNE of Windhoek (capital) • Covers the central Otavi Mountainland • Plateau with ~300m relief • Known, highly prospective region for base metals • Historical production at the world-class Tsumeb deposit and others • Host to more
Slide 14: History
For personal use only History • 1960s and 1970s – regional soil sampling uncovered numerous anomalies, including Border, Driehoek, and Harasib deposits • 1970s – Etosha Petroleum Ltd drilled Border, with intercepts including: • 18.90m @ 11.18% Pb+Zn (B002, from 80.47m) • 11.00m @ 15.92% Pb+Zn (B016,
Slide 15: Otavi Triangle – Historical Production
For personal use only Otavi Triangle – Historical Production • Tsumeb 30 Mt @ 10%Pb, 4.3% Cu, 3.5% Zn. & 100g/t Ag (Mined) • Kombat 8.7 Mt @ 3.1% Cu, 1.1% Pb, & 26g/t Ag (Mined) • Abenab 1.85 Mt (Conc.) @ 17.04% V2O5 (Mined & Concentrated) • Berg Aukas 3.2 Mt @ 16% Zn, 4% Pb, & 0.75% V2O5 (Mined & I
Slide 16: Geology of the Otavi Mountainland and known deposits
For personal use only Geology of the Otavi Mountainland, showing EPL3542 and known deposits and prospects
Slide 17: Mineralisation overview
For personal use only Mineralisation overview • 2 types – Berg Aukas style Pb-Zn-V – Tsumeb style Cu-Pb-Zn • First exploration focus is the Berg Aukas style – walk-up drill targets – considered to be “Mississippi Valley Type” (MVT). – a major source of Pb-Zn-Ag supply • Apparent lateral continuity s
Slide 18: Key data acquisition
For personal use only Key data acquisition • Several $millions worth of previous exploration • Geophysics • Satellite imagery • Drill hole database • Soil sampling database
Slide 19: Border
For personal use only Border - 12Mt @ 5-6% Pb+Zn (expl target) - 18 diamond drill holes - Pb-Zn intersected 50m below surface - Pb & Zn grades increase with depth
Slide 20: Border – lead in soils
For personal use only Border – lead in soils - numerous targets untested
Slide 21: Border - outcrop
For personal use only Border - outcrop Historic Etosha adit, Border Veining and mineralisation at surface, Border
Slide 22: Border – drilling and soil anomaly
For personal use only Border – drilling and soil anomaly Border soil anomaly defined by Etosha, 1972, with drilling superimposed
Slide 23: Border – cross sections
For personal use only Border – cross sections • Insufficient drilling Mineralised cross-sections defined by Etosha • Open at depth and along strike at Border, 1972
Slide 24: Driehoek
For personal use only Driehoek - 3-6Mt @ >4% Pb+Zn (expl target) - 18km SW of Border - ~50 shallow diamond drill holes - drilled to <60m depth Aerial view, Driehoek deposit and surrounds, showing position of deposit
Slide 25: Driehoek – lead in soils
For personal use only Driehoek – lead in soils - extensive soil anomalies extend to north, east and west - extensions remain untested Soil geochemistry over satellite imagery at Driehoek deposit and surrounds
Slide 26: Driehoek - outcrop
For personal use only Driehoek - outcrop Trenching and siliceous outcrops at Driehoek, indicative of lead and zinc sulfide mineralisation below surface.
Slide 27: Driehoek – surface mineralisation
For personal use only Driehoek – surface mineralisation Driehoek soil anomaly defined by Goldfields of Namibia, 1990s, with drilling superimposed
Slide 28: Driehoek cross section
For personal use only Driehoek cross section defined by Goldfields of Namibia, 1990s
Slide 29: Harasib
For personal use only Harasib - western strike extension of Border - 1Mt @ ~4% Pb+Zn (expl target) - drilled to <50m depth - insufficient exploration, requires work - good access to site Aerial view and geochemistry over satellite imagery, Harasib
Slide 30: The Gnamma Dam Nickel Project
For personal use only THE GNAMMA DAM NICKEL PROJECT Gnamma Dam Project
Slide 31: Gnamma Dam Nickel
For personal use only Gnamma Dam Nickel • Highly prospective ground • 20km from Kalgoorlie, 5 km from Heron’s Bulong project • 14 prospecting licences (20km2) • Surprisingly little previous Ni exploration
Slide 32: Gnamma Dam Nickel
For personal use only Gnamma Dam Nickel • Possible repetition of the Bulong sequence • Sabre’s soil sampling defines strong Ni anomalies • Field review completed in preparation for drilling.
Slide 33: Summary
For personal use only Summary • Both the Ongava and Gnamma Dam projects are highly prospective for base metal mineralisation • Systematic use of modern methods will be used to assess the deposits/prospects • Strong management team • Experienced exploration group with history of success • Drilling un
Slide 34: Important Notice
For personal use only Important Notice This presentation has been prepared by Sabre Resources Ltd (“SBR”) as a summary of its Ongava Lead-Zinc and Gnamma Dam Nickel Projects and is for general information purposes only. The presentation is not, and should not, be considered as an offer or invitation
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