+ data and comment

SBS= Sub-Sahara Resources NL. Shares 302.3 mill. PP shares: 32.1 mill.

SBS website: http://www.subsahara.com.au/
It is being updated and it is better to use the European PRESENTATION of Nov 9, 2005 and this will be referred to from now on:
http://stocknessmonster.com/news-history?S=SBS&E=ASX&Year=2005

SBS operates in Eritrea and Tanzania. There are 5 Joint Ventures; Sunridge Gold in Eritrea and 4 others in Tanzania.

17th Jan 2005: Suspension lifted.
"However, the optional equity participation of the government with respect to mining operations would increase from 20% to 30%".
http://stocknessmonster.com/news-item?S=SBS&E=ASX&N=279955

14 Nov 2005: Raised cash of $0.82 mill.


1. ERITREA
ASMARA PROJECT: Pages 3 and 4 of Presentation.
Debarwa Copper Gold (JV) Page 5 of Presentation:
18 Nov: Conceptual Mine Plan Commences at Debarwa in Eritrea
http://stocknessmonster.com/news-item?S=SBS&E=ASX&N=305901

28 Nov 2005: Drill results from high grade Adi Nefas gossan project, Gold, silver, copper and zinc: Page 6 of Presentation:
http://stocknessmonster.com/news-item?S=SBS&E=ASX&N=303869


District ZARA with prospects Koka and Konate--pages 8-10 of Presentation:
KOKA prospect: -Drilling results:
24 Oct: http://stocknessmonster.com/news-item?S=SBS&E=ASX&N=302996

16 Nov: http://stocknessmonster.com/news-item?S=SBS&E=ASX&N=305673
7 Dec: http://stocknessmonster.com/news-item?S=SBS&E=ASX&N=308209


Regional Projects: VMS: EMBA, DERHO, KODADO and GOLD: GUPO GOLD, MEDRIEZIN, SCHIMAGALLE, TORAT: Page 6, 7
GUPO GOLD Project: 300,000 ounces of Gold.


2. TANZANIA
Nyanzaga Project (JV Barrick), SBS: 27.3%. Pages 12-14 of Presentation
5 Oct 2005: Barrick accelerates expenditure at Nyanzaga Gold Project:
http://stocknessmonster.com/news-item?S=SBS&E=ASX&N=301144

6 Dec 2005: Progress Report, Tusker Project
http://stocknessmonster.com/news-item?S=SBS&E=ASX&N=308114


Lake Victoria Prospect (JV Currie Rose), Pages 15,16.
8 Sept 2005: Positive Results from Mabale Hills Project in Tanzania:
http://stocknessmonster.com/news-item?S=SBS&E=ASX&N=298555

Western Rift Prospect-PGE ( Platinum).( JV Canyon

Nyakufuru Project (JV Resolute), Pages 15, 17 of Presentation.

Subject to audit:

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.