Sabre Resources Limited advised that exploration has continued on the Company's two granted Exploration Prospecting Licences (EPL3540 and EPL3542) near Groortfontein in Namibia. The focus has been on the vanadium and basemetal occurrences at Uitsab, Baltika and Lucas Post prospects. At Utisab, 40 surface samples were taken from waste dumps and tailings around the historic open pit that has a historic production of 60,000t at 1.4% vanadium pentoxide (V2O5) between 1920-1940. Areas of tailings were sampled with a powered auger on a grid spacing of 25m x 25m with holes drilled to depths ranging from 0.3m to 1m. The 20 samples of tails taken had maximum assay values of 0.77 V2O5, 0.2% Cu, 2.1% Pb and 0.7% Zn. The waste dump/stockpiles were sampled on a 25m x 25m grid with rock chip samples taken at a depth of 0.25m. The 20 samples taken had maximum assay values of 0.5% V2O5, 0.1% Cu, 1.3% Pb and 0.5% Zn. The vanadium and basemetal grades of the surface material at Utisab are comparable to the grades reported by Golden Deeps Limited at the Abenab Mine where processing of stockpiles and tails is planned. Regional soil sampling located a >1000ppm lead soil anomaly 1.2km along strike to the west of Utisab. The anomaly strikes east-west and extends over 1km. Prospecting at the eastern end of the anomaly located a historic working in brecciated dolomite with coarse galena. Additional prospecting and sampling is planned. Sampling of stockpiles, tails and waste is also planned at Baltika on EPL3540 and Lucas Post on EPL3542. Baltika produced 5,820t of high-grade concentrate grading 9% V2O5 between 1931-1942. The Company has also conducted reviews and field checking at other priority targets including Kaskara (Cu, V), Border-Toggenburg (Pb-Zn), Nosib (V) and Kombat (Cu). At the Guchab prospect on EPL3540, historic mining has targeted copper rich veins hosted by silicified dolomite. Geological mapping and modelling suggests the mineralization is hosted by northeast-southwest trending shears and joints with a southwest plunge. Previous drilling has been hindered by steep access and the mineralization remains open to the southwest. At the Toggenburg prospect, shallow drilling identified an east-northeast extension of the Border prospect that has not been followed up with deeper RC drilling.