Sable Mining has a 51% interest over two iron ore licences in Liberia; the 477 sq km Bopulu licence and the 486 sq km Timbo licence.      

Following an aeromagnetic survey, completed in Q1 2011, two prominent targets associated with iron formations were delineated on the high-resolution airborne magnetic data from the Bopulu area.  These initial targets appear to have strike lengths of between 2.5km and 3.5km with depths of less than 15m and indicated itabarite with potential hematite widths of approximately 45m. 

The aeromagnetic survey also showed two potentially significant and highly magnetic anomalies on the Timbo area, interpreted to be associated with itabarite iron formations.  The targets have strike lengths of between 9km and 14km, with maximum depths of less than 40m and widths up to 120m.

Sable Mining has now submitted applications for exploration licences from the Department of Land and Mines in Liberia to confirm the potential of these discoveries.  If approved, an exploration programme has been planned, which will include 15,000m of diamond drilling, and is expected to commence in Q2 2011.