Sable Mining Africa Limited reported unaudited consolidated earnings results for the six months ended September 30, 2012. For the period, the company reported operating loss of $9,957,000 compared to $12,285,000 a year ago. Loss before taxation was $9,885,000 compared to $11,938,000 a year ago.

Loss from continuing operations was $9,885,000 or 0.8 cents per basic and diluted share compared to $11,938,000 or 1.3 cents per basic and diluted share a year ago. Loss for the period attributable to owners of the parent company was $7,871,000 or 0.8 cents per basic and diluted share compared to $11,938,000 or 1.3 cents per basic and diluted share a year ago. Net cash used in operating activities was $10,211,000 compared to $10,247,000 a year ago.

Purchase of intangible assets was $3,808,000 compared to $9,036,000 a year ago. Purchase of property, plant and equipment was $425,000 compared to $5,401,000 a year ago.