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TAW - Tawana Resources NL - Aquila Intersects Further High Grade Manganese at the Avontuur Projects in South Africa 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") 8 July 2008 Aquila Intersects Further High Grade Manganese at the Avontuur Projects in South Africa Tawana indirect interest 6.8% Aquila Resources Limited ("Aquila") today announced further promising manganese assay results from its Avontuur Projects located 75km north west of Kuruman, in the Northern Cape Province of South Africa. This announcement is a follow up to the announcement of 8 April 2008 where Aquila announced high grade manganese intersections from the first 3 holes assayed in the 370km2 Avontuur area. The manganese discoveries were identified on two mineralised prospects some 20km apart and adjoining the northern-most farms of the main Kalahari Manganese Field. Southern Project Drilling on the southern project area of the Avontuur permit has discovered manganese mineralisation in the Hotazel Formation, which is interpreted to represent an extension of the Kalahari Manganese Field. The permit boundary is approximately 8 km north of the Wessels underground mining operations, where ore is mined over a depth range of 300 to 500m. A programme of diamond drilling is in progress across the projected trend of the mineralisation. Highlights of the assay results from the next 3 holes drilled within the project area are as follows: * 4.31m @ 38.81% Manganese * 3.54m @ 47.52% Manganese * 4.41m @ 49.79% Manganese (Detailed analytical results may be viewed on www.tawana.com.au) Northern Project Drilling on the northern project area of the Avontuur permit is also testing manganese mineralisation in the Hotazel Formation along the northern end of the Avontuur Basin. The Avontuur Basin is approximately 10km long and is located 20km north of the larger Kalahari Manganese Basin. Further encouraging assays have been received from 6 diamond holes drilled along a 2km projected mineralised trend. Highlights of the assay results from these 6 holes are as follows: * 5.40m @ 56.82% Manganese * 3.68m @ 50.81% Manganese * 2.68m @ 47.42% Manganese and 1.86m @ 46.73% Manganese * 2.12m @ 55.24% Manganese and 1.57m @ 59.24% Manganese (Detailed analytical results may be viewed on www.tawana.com.au) Manganese ore is used in the steel making process primarily in the form of silico-manganese and ferromanganese alloys. The world demand for manganese depends directly on the requirements of the steel industry with the price of manganese ore continuing to rise in recent years. Tawana Resources NL holds an indirect interest of 6.8% in the Thabazimbi Joint Venture through its 26% holding in Rakana Consolidated Mining (Proprietary) Limited, the joint venture partner of Aquila in South Africa. Wolf Marx Tel. +61 3 98635222 Mob: +61 428 398 446 Email : wolf.marx@tawana.com.au Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 08/07/2008 10:42:02 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.
