CORPORATE PRESENTATION February 2020 HUNTING FOR ELEPHANTS Forward - - PowerPoint PPT Presentation

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CORPORATE PRESENTATION February 2020 HUNTING FOR ELEPHANTS Forward - - PowerPoint PPT Presentation

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T S X V : S A E CORPORATE PRESENTATION February 2020 HUNTING FOR ELEPHANTS Forward Looking Statements Certain statements in this presentation document are forward-looking statements, which reflect the expectations of management regarding the

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CORPORATE PRESENTATION

February 2020

T S X V : S A E

HUNTING FOR ELEPHANTS

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Forward Looking Statements

Certain 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

  • ther 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.

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Corporate

Sable Leadership – Board & Management Team

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  • Ruben Padilla – President & CEO
  • Tom Obradovich – Executive Chairman, Director
  • Brent Gilchrist – Director
  • Terry Harbort – VP Corporate Development, Director
  • Andres Tinajero – Director
  • Jonathon Rubenstein – Director
  • Luis Arteaga– VP Exploration, QP
  • Jason Kosec – VP Strategic Development
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Corporate

Share Structure and Capitalization

1 Year Share Price Performance

Current Price (as at January 15, 2019) C$0.12 52-Wk High C$0.36 52-Wk Low C$0.09 OSK Financing (Shares) 16,000,000 Other Shares Outstanding 162,141,897 Market Capitalization ( MCAD) $15 Cash (MCAD) 4.3 Capital Structure (C$M Except Per Share Figures) Dilutive Securities Type total warrants and options Amount Options 12,500,000 Warrants 20,618,617 Total 33,118,617 (Add) Basic Shares Outstanding 162,141,897 Fully Diluted Shares Outstanding 195,260,514

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Share Structure

Insiders Institutions Retail

Management & Board Own 13.1% 4.3 (M CAD) In The Treasury

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Sable

Investment Summary

TARGETING

Focused on underexplored projects with good potential for camp size projects to allow for organic growth

LAND POSITION

Large size mineral tenure packages to allow for mineral belt scale exploration and discovery

  • f world class deposits

PARTNERSHIPS

JDS Energy and Mining Inc., and Talisker Exploration Services Inc.

MANAGEMENT

Proven management team with over 47 M oz of greenfield discoveries

INTELLECTUAL PROPERTY PROGRAM EXECUTION

Big company exploration with experienced well- trained country based teams with local knowledge and skills Well proven systematic scientific methodology and proprietary knowledge on epithermal and intrusion related systems

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Strategy

Scientific, Systematic and Phased Based Exploration Methodology

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Sable 2020 Work Program

Disciplined Multi Target Exploration Plan

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Vinata – Mexico

  • Phase 1 Drilling – 4000 m
  • 2 Au/Ag epithermal target
  • Drill permits in hand
  • Completion - Q3 2020
  • 1 M USD

Don Julio – Argentina

  • Target definition
  • 3000 m drill program
  • Drill permits in hand
  • 6 drill targets ready
  • Completion - Q4 2020
  • Aero mag survey
  • 2 M USD

Scorpius – Peru

  • Phase 1 drilling permitting
  • Drill permitting Q3 completion
  • Completion - Q3 2020
  • Farm out
  • 150 K USD

Escarpe – Mexico

  • Target definitions complete
  • Permitting drill program
  • Completion - Q4 2020
  • 20 K USD

Exploration G&A 3.35 M USD 2020 Budget

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Sable Highlights

Project Summary

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Phase 1 – Target Generation

  • + 1.26 million hectares in mineral applications and mineral titles.
  • 106 anomalies with pending and ongoing follow up work.

Phase 2 – Drill Target Definition

  • 4 targets: Escarpe, Tocota and La Gringa porphyry targets, and the

Fermin – base metal skarn. Phase 3 – Exploration Drilling

  • 7 projects
  • San Gabriel, Lodo Norte, Lodo South, Colorado, Vinata North, Vinata

South – High grade Au-Ag epithermal veins.

  • Scorpius – Au High sulphidation epithermal heap-Leaching - OP target

Phase 4 – Resource Drilling

  • 1 deposit: Margarita – open pitable Ag epithermal deposit.
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Projects

Technical Material

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Technical Appendix

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Discovery Approach and Strategy

1-Area selection: from large (country scale) to small scale (district scale) 2-Project management: from conceptual to resource definition (maintain pipe line flow) 3-Right budget and Persistence: minimum 3 years to decision point Systematic Approach

Mineral Province Mineral Belt District Lonely Giant

PIPE LINE: PROJECT MANAGEMENT

Conceptual stage P1 P2 P3 P4 Target generation 106 anomalies Drill target definition 4 targets Drilling 7 Projects Resource drilling 1 Deposit 1,262,482 ha. total:

  • Mexico 1,201 453 ha.
  • San Juan (Argentina) 58,629 ha.
  • Peru 2400 ha.

95% staked and 100% owned by Sable.

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Don Julio District

  • 19 initial aster-mineral occurrence anomalies
  • First 2 years work done over 9 of the 19 anomalies
  • Sable’s work has defined multiple large porphyry -

epithermal systems

  • Potential for large Au-Ag–base metal deposits
  • 6 targets ready to drill at the end of 2020
  • Drill permits ready
  • 59 km to Barrick’s Alturas deposit (8.9Moz inferred

resource) as of December 2018

  • 130 km to Barrick’s Veladero mine (2.5 MOz reserves;

1.8MOz resources) as of December 2018; plus past production

  • Possible Extension of El Indio-Pascua District (50Moz+)
  • Extensive Au, Ag, Cu, base metals surface anomalies
  • Located in Argentina’s Mining Friendliest San

Juan Province

  • Option to Earn 100%

Systematic Exploration in an Endowed Terrain 58,629 ha land package

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Pascua-Lama – El Indio Extension

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The Don Julio Cluster of Targets – San Juan Argentina

Large Porphyry – Epithermal Environment – 100% Land Control

Heaven Hill Esperanza Tocota San Gabriel Punta Cana

  • 2 advanced argillic - high sulphidation centres
  • Multi-kilometers intermediate sulphidation peripheral veins
  • 1 outcropping Zn-Pb-Cu-Ag skarn
  • 2 interpreted concealed porphyries

6 DRILL TARGETS

12 KM 7 KM

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Vinata

  • Grassroots Finding
  • Two targets: Vinata North and

Vinata South

  • Not Previously Drilled
  • Strong Pathfinder Indicators
  • Low-Sulphidation Epithermal Au
  • Mining Friendly Chihuahua
  • 100% Sable Owned
  • Completed 43-101
  • 7 Holes Completed
  • Drilling Ongoing

Grassroots Finding From Systematic Exploration

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Multiple Drill Ready Targets

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Escarpe

  • Grassroots finding
  • Upper Level Low-Sulphidation

Epithermal Au

  • Close to Infrastructure
  • Chalcedonic to Opaline Textures
  • Mineralized Above Bonanza Au

to 1.5g/t, Ag to 66g/t

  • 100% Sable Owned
  • Completed 43-101
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Scorpius

Multiple Drill Ready Targets

  • Upper Level High - Sulphidation
  • 1000m x 400 Au Anomaly
  • Historical Rock samples up to

7g/t Au

  • Notable Resistivity Anomaly
  • Oxidized, Likely Leachable Au
  • Open Pitable Target
  • Earn In Agreement in Place
  • Permitting Underway
  • Drill Ready

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Margarita

Internal Resource Estimate Complete

  • Low-Intermediate Sulphidation

Epithermal Ag

  • 1.7km of Outcropping Multiple Veins
  • Chanel Sampling 100-900g/t Ag
  • 1kg/t+ values in Drill Results
  • Wide Vein Intercept Widths to over 12m
  • Mining Friendly Chihuahua
  • Adjacent to Sunshine Silver Los Gatos

(256Moz AgEq) & Surrounded by Sunshine Claims

  • Option to Earn 100%

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