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CORPORATE
August 2018
TSXV:SAE
Greenfield Exploration at its Best
PRESENTATION
August 2018TSXV:SAE 2
Forward Looking StatementsCertain statements in this presentation document are forward-looking statements, which reflect the expectations of management regarding the business development objectives and plans of Sable Resources Ltd. and it’s subsidiaries (collectively referred to as “Sable” or the “Company”. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this presentation include: statements regarding the company’s proposed targets for production and for other exploration and development plans; statements regarding exploration upside; statements regarding projected metallurgical recoveries; statements regarding plans for 2018 exploration and development; statements regarding expected costs; statements regarding the mill; and statements regarding 2018 objectives and targets. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.
These forward looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company’s actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with gold and silver exploration, (3) a decreased demand for gold and silver, (4) any number of events or causes which may delay exploration and development of the Company’s property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems, (5) the risk that the Company does not execute its business plan, (6) inability to finance operations and growth, (7) inability to obtain all necessary permitting and financing, and (8) other factors beyond the Company’s control. These forward looking statements are made as of the date of this presentation and the Company assumes no obligation to update these forward looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws. Additional information about the Company and these and other assumptions, risks and uncertainties is available in the Company’s public filings with Canadian securities regulators, available on SEDAR at www.sedar.com. Any Resources, Reserves or other estimates as to the volume of mineralized rock contained herein are historical estimates and were completed prior to the implementation of NI 43-101 unless expressly stated. Sufficient work to classify the historic mineral resource as a current mineral resource has not been completed. Hence, the resource estimate should not be relied upon.
Sable Highlights
TARGETING
August 2018TSXV:SAE 3
Focused on underexplored projects with good potential for camp size, high-grade
discoveries
LAND POSITION
Large size mineral tenure packages to allow for
mineral belt scale exploration and discovery
of world class deposits
PARTNERSHIPS
JDS Energy and Mining Inc., and Talisker
Exploration Services Inc.
MANAGEMENT
New management team in place as of 2017 with a
good track record of success
POLITICAL RISK
All projects located in safe, stable British
Columbia. Argentinian & Mexican Jurisdictions
PROGRAM EXECUTION
Experienced well-trained country based exploration
teams with local knowledge and skills
August 2018TSXV:SAE 4
CorporateShare Structure and Capitalization
1 Year Share Price Performance
Current Price (as at August 31, 2018) C$0.24
52-Wk High C$0.35
52-Wk Low C$0.12
Shares Outstanding 123,830,914
Market Capitalization $29.7
Less: Cash (Aug 31 2018) $3.2
Plus: Debt $0.0
Enterprise Value $26.49
Capital Structure (C$M Except Per Share Figures) Dilutive Securities
Type Expiry Strike Amount
Warrants 8-Sep-19 $0.25 24,205,500
Warrants 8-Sep-19 $0.15 1,182,365
Options 24-Oct-21 $0.10 1,600,000
Options 3-May-22 $0.15 2,550,000
Options 10-Nov-22 $0.17 2,200,000
Options 26-Mar-23 $0.245 3,200,000
Total 34,937,865
(Add) Basic Shares Outstanding 123,830,865
Fully Diluted 158,768,779
Fully Diluted Shares Outstanding 159,431,549
Management & Board Own
13.5%
August 2018TSXV:SAE 5
CorporateSable Leadership
MANAGEMENT
Tom ObradovichPresident, CEO, Chairman
Luis ArteagaQP, Exploration Manager
Terry HarbortVP Corporate Development
Ruben PadillaVP Exploration
Over 30 years experience in mining exploration, development and financing. He is President and Chief Executive Officer of Canadian Continental Exploration Corp.; was a key individual behind Aurelian Resources (acquired by Kinross Gold Mines for $1.2 billion in 2008), which discovered the Fruta Del Norte gold deposit in Ecuador; a co-founder of Canadian Royalties Inc., which discovered and developed the Raglan south nickel belt; acquired most of the Matachewan gold camp by an RTO of Young-Davidson Mines Ltd. which was subsequently acquired by Northgate Minerals in 2005; and serves on the board of Barkerville Gold Mines Ltd. and Dalradian Resources Inc.
Mr. Arteaga is a professional geologist with more than 13 years of experience in precious metals exploration in a wide range of mineral deposits. Luis has worked for various major and junior companies including 5 years with AngloGold Ashanti in Colombia and Brazil. Luis joined Talisker Exploration Services in 2011 as Senior Geologist where he worked in Mexico, Peru, Northern Ireland and Canada on behalf of the Osisko group of companies.Luis holds a BSc in geology from Universidad Nacional de Colombia and an MSc degree from Laurentian University. Luis is a P.Geo and member in good standing of the APGO in Ontario and holds a temporary permit from the OGQ in Quebec.
PhD in Structural Geology and Tectonics. Recognised senior member of the discovery team of AngloGold's Ashanti's La Colosa and Gramalote deposits. Specialist in mapping and interpretation of ore geometries and ore controls covering various types of geological environments with direct applications to mineral economics from target generation, target definition and evaluation, and project management. Co-founder and VP Exploration of Talisker Exploration Services. Currently the Chief Geoscientist for Barkerville Gold Mines Ltd and Osisko Nominee to the board of IDM Mining.
PhD from the University of Arizona. Over 30 years experience in the mineral exploration industry, Dr. Padilla has completed important research at the La Escondida deposit. With AngloGold Ashanti Ltd., he acted as exploration country manager in Peru and in Colombia and as chief geologist for the Americas exploration group. He was part of the team that discovered the Colosa and Gramalote deposits in Colombia. He is the founder and chief geologist for Talisker Exploration Services Inc. Dr. Padilla is a director of UniGold Inc. and Minera Alamos Inc.
August 2018TSXV:SAE 6
CorporateSable Leadership
BOARD OF DIRECTORS
Brent Gilchrist
Director
Terence Harbort
Director
Andres Tinajero
Director
Donald Njegovan
Director
Tom ObradovichPresident, CEO, Chairman
An accomplished finance executive with extensive experience in the investment and banking sectors. He is currently the President of JDS Resources Inc., the JDS Group of Companies’ venture capital and private equity arm responsible for investment management, acquisitions and project financing. Brent is also the President and Co-founder of JDS Silver Inc., the owner and operator of the Silvertip Mine located in Northern British Columbia.
PhD in Structural Geology and Tectonics. Recognised senior member of the discovery team of AngloGold's Ashanti's La Colosa and Gramalote deposits. Specialist in mapping and interpretation of ore geometries and ore controls covering various types of geological environments with direct applications to mineral economics from target generation, target definition and evaluation, and project management. Co-founder and VP Exploration of Talisker Exploration Services. Currently the Chief Geoscientist for Barkerville Gold Mines Ltd and Osisko Nominee to the board of IDM Mining.
Holds a MBA and is a Member of the Canadian Institute of Chartered Professional Accountants, the Certified Practicing Accountants of Australia and he is a Certified member of the Institute of Corporate Directors. He has served as CFO and Vice President of Finance of several medium sized public companies across Canada.
Has over 25 years of experience in the mining industry. He holds a bachelor of science in mining engineering from Michigan Technological University and a bachelor of arts from the University of Manitoba. Currently, he is the vice-president, new business development, at Osisko Mining Corp. He was formerly managing director of global mining at Scotiabank, an investment banker at Toll Cross Securities Inc., and also worked underground and as a mining engineer throughout North America. Mr. Njegovan is a director of Cabral Gold Ltd. and was on the board of directors of St. Andrew Goldfields Ltd. up until it was acquired by Kirkland Lake Gold.
Over 30 years experience in mining exploration, development and financing. He is President and Chief Executive Officer of Canadian Continental Exploration Corp.; was a key individual behind Aurelian Resources (acquired by Kinross Gold Mines for $1.2 billion in 2008), which discovered the Fruta Del Norte gold deposit in Ecuador; a co-founder of Canadian Royalties Inc., which discovered and developed the Raglan south nickel belt; acquired most of the Matachewan gold camp by an RTO of Young-Davidson Mines Ltd. which was subsequently acquired by Northgate Minerals in 2005; and serves on the board of Barkerville Gold Mines Ltd. and Dalradian Resources Inc.
August 2018TSXV:SAE 7
Strategy
Well-funded junior grassroots explorer focused on the discovery of new precious metal
projects through systematic exploration in endowed terranes located in favorable,
established mining jurisdictions
Sables' main focus is developing their large portfolio of new greenfield projects to resource
stage utilizing their Upper Level Epithermal Strategy
Discovery by Systematic Exploration
August 2018TSXV:SAE 8
Sable Mexico Greenfields
o Implementation of Upper Level Epithermal Strategy
o $4.2M Investment to Date
o 92% in the Ground
o Systematic Phase-Based Exploration
o 10,000 Stream Sediment Samples
o 1,600 Soil Samples
o 1,100 Rock Samples
o 1.7M Ha Explored
o Reduction Plan to 250,000 Ha
o 140 New Targets Generated
o Robust Project Pipeline
o 100% Sable Owned
Major Style Exploration by a Junior
August 2018TSXV:SAE 9
Sable Mexico Greenfields
o Proven Discovery Methodology
o No Project Recycling
o World Class Pipeline
o Clear Pathway to Drilling
o Clear Advance or Discard Criteria
o Experienced Knowledgeable Team
o High Risk Early Stage Already De-Risked
Major Style Exploration by a Junior
August 2018TSXV:SAE 10
Sable Mexico GreenfieldsDrill Project Overview
August 2018TSXV:SAE 11
Margarita Discovery
o Low-Intermediate Sulphidation Epithermal Ag
o 1.7km of Outcropping Multiple Veins
o Chanel Sampling 100-900g/t Ag
o 1kg/t+ values in Drill Results
o Wide Vein Intercept Widths to over 12m
o Mining Friendly Chihuahua
o Adjacent to Sunshine Silver Los Gatos (256Moz
AgEq) & Surrounded by Sunshine Claims
o Not Previously Drilled
o Option to Earn 100%
Currently Drilling - Bonanza Grade Target
August 2018TSXV:SAE
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August 2018TSXV:SAE 16
MargaritaVein Intercepts
E
August 2018TSXV:SAE 17
MargaritaCurrently Drilling - Bonanza Grade Target
256Moz AuEq Global Resource
August 2018TSXV:SAE 18
Vinata
o Grassroots Discovery
o Not Previously Drilled
o Strong Pathfinder Indicators
o Low-Sulphidation Epithermal
o Mining Friendly Chihuahua
o 100% Sable Owned
o Completed 43-101
o Permitting Initiated
o Drill Ready
Grassroots Discovery From Systematic Exploration
August 2018TSXV:SAE 19
Vinata
o 167 Rock-Chip Samples
• up to 184 ppb Au
• Anomalous As, Sb, Hg, Ba
o Geochemical signature of
low anomalies of Au,
strongly anomalous As, Sb,
Hg and Ba, and low Ag, Cu,
Pb and Zn are characteristic
of the upper levels of an
epithermal system
Grassroots Discovery From Systematic Exploration
August 2018TSXV:SAE 20
Vinata
▪ Drilling Planned after Permitting Process for Q4 2018
▪ 9 Holes Totaling 2,580m to Test Current Targets
▪ Q1 Detailed Geological Mapping, Rock and Soil
Sampling Along Trend to Define New Drill Targets
Planned Exploration
August 2018TSXV:SAE 21
El Escarpe
o Grassroots Discovery
o Upper Level Low-Sulphidation Epithermal
o Close to Infrastructure
o Chalcedonic to Opaline Textures
o Mineralised Above Bonanza Au to 1.5g/t,
Ag to 66g/t
o 100% Sable Owned
o Completed 43-101
o Permitting Underway
o Drill Ready
Multiple Drill Ready Targets
August 2018TSXV:SAE 22
El Escarpe
o 550m X 200m Zone of Chalcedonic Silicification
o 3-5% Disseminated Pyrite, cut by Phreatic Breccias
o Breccias Rock Chips
• Up to 0.609ppm Au,
• Anomalous Ag, Hg, As, Sb
o Strong Chalcedonic-Opaline Veinlets (upper level)
• Up to 0.702ppm Au & 66.1ppm Ag
• Anomalous Hg, As, Sb
o 250m X150m Kaolinite-Smectite Zone
• Up to 1.49ppm Au & 24.7ppm Ag
• Anomalous Hg, As and Sb
Central Target Area
August 2018TSXV:SAE 23
El Escarpe
o 1,200m X 150m Zone of Chalcedonic Veins and Siliceous
o Colloform Banding & Replacement Texture
o Marcasite-Rich Ginguro Bands
o Rock Chip Results:• Up to 1.03 ppm Au, • Up to 12.5 ppm Ag• Anomalous Hg, As and Sb
Southern Target Area
August 2018TSXV:SAE 24
San Juan Regional
o 15 Targets Identified in 35,000ha
o 5 Located in Don Julio Cluster
o High & Low-Intermediate
Sulphidation Style Epithermal
Recognized by Sable Exploration
Team
o Mining Friendly San Juan
Jurisdiction
o Option to Own 100%
Extending the Prolific El Indio Trend in Argentina
August 2018TSXV:SAE 25
August 2018TSXV:SAE 26
Don Julio
o 2 Large Gold & Alteration Targets: Margarita
(2km X 2km) & Heaven Hill (2km X 0.5km)
o Hosted in 5km X 5km Volcanic Caldera
o Mapping and Sampling Completed
o Dated overprinting mineralizing events analogous
to Valadero (10Ma), Pascua Lama (~8.7Ma) and
El Indio (6.5Ma)
o Drill Permitted
o Phase 2 – Detailed Mapping and Sampling
Complete
o Drill Ready – October 2018
Drill Ready High-Sulphidation Epithermal
August 2018TSXV:SAE 27
Don JulioElephant Footprints
2km2km
August 2018TSXV:SAE 28
Don JulioConceptual Model
August 2018TSXV:SAE 29
Don JulioDrill Hole Targeting
