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TAW - Tawana Resources NL - Tawana identifies original open cut and two new

Release Date: 28/11/2007 08:24
Code(s): TAW
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TAW - Tawana Resources NL - Tawana identifies original open cut and two new targets at St Augustines Tawana Resources NL (Incorporated in Australia) (Registration number ACN 085 166 721) Share code on the JSE Limited: TAW ISIN: AU000000TAW7 Share code on the Australian Stock Exchange Limited: TAW ISIN: AU000000TAW7 ("Tawana" or "the Company") 28 November 2007 Tawana identifies original open cut and two new targets at St Augustines A non-invasive gravimetric survey has identified the location of the original pit of the St Augustine`s mine. Two new targets close to St Augustines have also been identified. The gravimetric survey was undertaken to confirm the exact position of the known kimberlite and to determine whether other kimberlites occurred in the Prospecting Right. The St Augustines mine was thought to be located in the northern half of the Prospecting Right due west of the world famous Kimberley Mine or "Big Hole" in Kimberley, South Africa and this has been confirmed. The two new targets are in the southern half of the Prospecting Right and display similar gravity responses to that of the known St Augustines kimberlite. Tawana announced on 27 September 2007 that it had acquired a 30% interest in the St Augustines kimberlite located 600 metres west of the Big Hole. The Kimberley Mine produced 14.5 million carats of diamonds from 22.5 million tonnes at a grade of 64 carats per hundred tonnes. Mining ceased in 1914. The St Augustines kimberlite was mined in the late 1890`s and records show that the diamond quality was considered identical and the grade similar to that of the nearby Kimberley Mine. Geological records indicate that the two kimberlite pipes of the Kimberley Mine and St Augustines are located on the same structure and are connected by a kimberlite fissure. Mining at St Augustines ceased in 1902. Subsequently the tailings of the Kimberley Mine were deposited over the St Augustines kimberlite. The removal of these tailings has recently exposed in situ kimberlite at St Augustines. Records show that St Augustines was only partially mined to a depth of approximately 240 metres as compared to the Kimberley Mine which was mined to a depth of 1097 metres. Commenting on these results Tawana`s Managing Director Wolf Marx said: "The new discoveries indicate that previous mapping of the geology around the Big Hole has been incomplete and that the prospectivity of the area has yet to be fully established and understood." Contact: Wolf Marx Tel: +61 (0)3 98635222 Mob: +61 (0)428 398446 Email:wolf.marx@tawana.com.au This report is based on information compiled by Wolf Marx BSc, BA, FAusIMM, CPGeo, Managing Director of Tawana Resources NL. He has sufficient experience relevant to the style of mineralisation and types of deposits under consideration, and to the activities undertaken, to qualify as a competent person as defined in the 2004 edition of the "Australasian Code for the Reporting of Mineral Resources and Ore Reserves" This article and accompanying images can be viewed on the Company`s website at www.tawana.com.au South African JSE Limited Sponsor: PricewaterhouseCoopers Corporate Finance (Pty) Limited Date: 28/11/2007 08:24:25 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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