Sable Mining Africa Regulatory News (SBLM)

Sable Mining Africa Ltd / Index: AIM / Epic: SBLM / Sector: Natural Resources

12 April 2012

Sable Mining Africa Limited ('Sable Mining' or 'the Company')

Appointment of Non-Executive Director

Sable Mining Africa Limited, the AIM listed resource investment company, has appointed Mr. Aboubacar Sampil as a non-executive director to its Board with immediate effect. Mr. Sampil, who has over 20 years' experience in the West African financial and mining industries, will be a valuable addition to the Board as the Company develops its highly prospective Guinean and Liberian iron ore projects, which together have multi-billion tonne potential.

As a French-Guinean national, Mr. Sampil has a strong network of contacts in the country and proven technical abilities having held senior positions at a range of resource companies. He is currently President and CEO of Guinean-based Rio Pongo S.A and was previously CEO of PPM S.A. He is also a director of several companies including Rio Nunez S.A., West Africa Exploration S.A., Guinea Métaux de Base S.A., and Kakande Natural Resources Limited. Furthermore, he has a solid economic understanding gained during three years working for the economy and statistics department of the Central Bank of Guinea. 

Sable Mining CEO Andrew Groves said, "Aboubacar joins us at an exciting period for the Company as we look to rapidly advance our West African iron ore interests. We are particularly pleased to be commencing a targeted drill programme at our highly prospective iron ore project in the Mount Nimba area of south-east Guinea where grab samples returned assay grades of up to 68% Fe. With this in mind, I am delighted to welcome him to the Board and anticipate that his experience and knowledge of the West African mining and financial industries will be invaluable as we focus on building a significant iron ore portfolio with high grade world class deposits."

Aboubacar Sampil, aged 48, currently holds or has held the following directorships and partnerships in the last five years:

There are no further disclosures to be made in relation to Aboubacar Sampil pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.

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For further information please visit www.sablemining.com or contact:

Notes

Sable Mining Africa Ltd is an AIM listed resource company focussing on coal and iron ore assets in sub-Saharan Africa. The primary objective of the Company is to benefit from early exposure to mining businesses or assets in underdeveloped locations which could attract substantial foreign investment and have the potential for rapid and sustainable growth. The Company has a diverse portfolio of assets at varying stages of development, from greenfield exploration to near term production, and a geographic spread that includes Zimbabwe and South Africa for coal and Liberia, Sierra Leone and Guinea for iron ore. Sable Mining's portfolio of thermal and metallurgical coal interests in central and southern Africa is well advanced with a current attributable resource in excess of 3.5 billion tonnes. Management sees potential to raise the coal resource to 4 billion tonnes. 

The Company has interests in four major coal projects in established producing regions with robust infrastructure networks in South Africa and Botswana. All four projects have active development programmes in place to raise their respective resource base. Sable Mining also holds the Lubu coal concession in the Bulawayo Mining District of Zimbabwe; a 61% interest in the Gulukwane iron ore project in the Limpopo province of South Africa; an 80% interest in the Mount Nimba 123.5 sq km iron ore permit; a 100% interest in a 1,107 sq. km iron ore licence, covering three permits in the highly prospective Kissidougou area of south east Guinea; and a 51% interest in Southern Cross Investments Limited, a company which holds the Bopolu and Timbo iron ore reconnaissance licences in Liberia. The Liberian licences are located in a widely recognised world-class iron ore province which include major iron projects such as the 1 billion tonne Yekepa Project, owned by Arcelor Mittal; the 1.1 billion tonne Putu Range, owned by Severstal; and the 290 million tonne Bong Project, owned by China Union/Wisco.