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July 08, 2015 1:59 AM ET

Metals and Mining

Company Overview of Sable Metals and Minerals Limited

Company Overview

Sable Metals and Mineral Limited operates as an exploration company. It has a portfolio of prospecting rights in vanadium, iron ore, and platinum group metals in the Bushveld complex, South Africa. The company was formerly known as Sable Platinum Limited and changed its name to Sable Metals and Mineral Limited in March 2014. Sable Metals and Mineral Limited is based in Sandton, South Africa.

4 Fricker Road

Illovo

Sandton,  2196

South Africa

Phone:

27 11 268 5847

Fax:

27 11 268 5504

Key Executives for Sable Metals and Minerals Limited

Chief Executive Officer, Acting Financial Director, Director and Chairman of Social and Ethics Committee
Age: 56
Total Annual Compensation: $900.0K
Legal Advisor and Non-Executive Director
Age: 58
Total Annual Compensation: $1.0M
Technical Adviser, Non-Executive Director and Member of Social and Ethics Committee
Age: 58
Total Annual Compensation: $900.0K
Compensation as of Fiscal Year 2014.

Sable Metals and Minerals Limited Key Developments

René Hochreiter Resigns as Executive Director of Sable Metals and Minerals Limited, Effective from June 01, 2015

The board of directors of Sable Metals and Minerals Limited has agreed to release René Hochreiter from his employment contract with the company with effect from June 01, 2015 and accordingly he has resigned as an executive director of Sable, but will continue to serve as a non-executive director and as a member of the Social and Ethics Committee.

Sable Platinum Limited Announces Audited Group and Company Earnings Results for the Year Ended February 28, 2015

Sable Platinum Limited announced audited group and company earnings results for the year ended February 28, 2015. For the year, on group basis, the company reported operating operating loss of ZAR 15,223,154 against ZAR 10,769,096 a year ago. Loss attributable to owners of the parent of ZAR 15,336,554 or 7.43 cents per diluted share against ZAR 10,701,271 or 7.22 cents per diluted share a year ago. Headline loss and diluted headline loss per share was 7.43 cents against 7.22 cents a year ago. Net cash flow used in operating activities was ZAR 12,733,674 against ZAR 8,660,218 a year ago. For the year, on group basis, the company reported operating operating loss of ZAR 136,601,287 against ZAR 2,261,454 a year ago. Loss attributable to owners of the parent of ZAR 95,370,023 against ZAR 2,214,647 a year ago. Net cash from operating activities was ZAR 40,961,519 against net cash used in operating activities of ZAR 1,010,581 a year ago.

Sable Metals and Minerals Limited Announces Resignation of Marietjie van Tonder Financial Director

Sable Metals and Minerals Limited announced that the Financial Director, Marietjie van Tonder, has resigned as a director of Sable with effect from February 27, 2015 in order to further her career in a larger organization. The CEO, James Allan, will oversee the financial function until such time as a new Financial Director is appointed.

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