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Tawana Resources Nl - Second Offtake Prepayment Received

Release Date: 17/07/2017 08:45:00      Code(s): TAW     
Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
JSE ISIN: AU0000TAWDA9
Share code on the Australian Securities Exchange Limited: TAW
ASX ISIN: AU000000TAW7
(?the Company? or ?Tawana?)

Second offtake prepayment received

Tawana Resources NL (ASX: TAW) is pleased to announce it has received the
second payment of $4,375,000 which forms part of the lithium concentrate
offtake agreement (Refer to ASX announcement of 26 April 2017) from a
subsidiary of Burwill Holdings Ltd (Burwill), a company listed on the main Board
of The Stock Exchange of Hong Kong Limited (stock code 0024).

Burwill has committed a prepayment totalling $12,500,000, of which $8,125,000
has been received by Tawana with the final instalment due on 15 September
2017. The terms of the prepayment are:

?   The funds are to be used towards the capital and operational costs of the Bald
    Hill Project.
?   Is interest free and to be repaid from 20% of each lithium concentrate
    shipment until the prepayment has been repaid.

For further information please contact:

Mark Calderwood
Managing Director
Tawana Resources NL
Telephone +61 8 9489 2600

17 July 2017
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

Date: 17/07/2017 08:45:00 Supplied by www.sharenet.co.za                     
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