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TAW - Tawana - Aquila Resources Announces Milestone Regarding Avontuur 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") 30 October 2009 Aquila Resources Limited (ASX: AQA) in South Africa announces milestone regarding the Avontuur Manganese Project Tawana indirect interest 6.76% Aquila Resources Limited ("Aquila") released the attached announcement to the ASX on 20 October 2009 regarding the Avontuur Manganese Project passing a significant milestone in accessing rail and port capacity necessary for its development. Tawana Resources NL ("Tawana") advises that it holds 26% equity in Rakana Consolidated Mining (Proprietary) Limited ("Rakana"), the joint venture partner of Aquila in South Africa. Euan Luff Director Tel: +61 3 9224 1000 Email: eluff@wfw.com.au ASX RELEASE: AQUILA RESOURCES 20 OCTOBER 2009 AVONTUUR MANGANESE PROJECT QUALIFIES TO PARTICIPATE IN THE EXPORT CAPACITY ALLOCATION PROCESS IN SOUTH AFRICA Aquila Resources Limited (ASX: AQA "Aquila" or "the Company") is pleased to announce that its Avontuur Manganese Project ("Avontuur") has passed a significant milestone in accessing the rail and port capacity necessary for its development. Avontuur has been successful in the Long Term Manganese Export Allocation Process to qualify participants for the Manganese Industry Forum ("MIF") to be established by Transnet Limited. The Process Aquila has participated in the Long Term Allocation Process, by Transnet Limited and KPMG to assess future users of the Port Elizabeth manganese rail and port export corridor, with a view to qualifying for membership of the MIF. This Forum will discuss the medium to long term expansion alternatives for rail and port corridors in south Africa, specifically for manganese products. Participation in the MIF will be crucial component in Aquila`s planned Feasibility Study for the development of mining, rail, port and marketing arrangements for Avontuur. It is anticipated that the MIF will determine the quantum of and process for export rail and port capacity expansion for manganese ores from the Kalahari Region, with an execution plan to allow new production to reach markets from 2013. Participants will be invited to negotiate and conclude contracts with Transnet for the implementation and funding (if required) of the jointly developed solution for the provision of rail and port related services by Transnet to the qualified customers. Avontuur The Avontuur tenement hosts the Avontuur Manganese Basin, located north of the Kalahari Manganese Field in the North Cape Province of South Africa (see Figure 1). The tenement currently hosts a JORC Compliant Inferred Resource of 34 million tonnes of manganese oxide ore averaging 40% Mn, as notified to the ASX on 17 March 2008. A follow-up drilling program is underway, with up to 5 drilling rigs in operation, to increase the tonnage and enhance the grade of this Resource. An updated Resource Statement is expected during the 1st Quarter of calendar 2010. Development options for Avontuur include approximately 25kms of road transport from the mine site to a rail siding in the Kalahari Manganese Field, for railing to domestic users or to Port Elizabeth for export. Toni Poli Executive Chairman For further information regarding this announcement, please contact Toni Poli. Telephone: +61 (08)9423 0111 Facsimile: +61 (08)9423 0133 Email address: mail@aquilaresources.com.au Visit us at: www.aquilaresources.com.au Competent Persons Statement The information in this announcement, insofar as it relates to Mineral Exploration activities, is based on information compiled by Brent E Green who is a member of the Australian Institute of Geoscientists, and who has more than five years experience in the field of activity being reported on. Mr Green is a full-time employee of the Company. Mr Green has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the `Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves`. Mr Green consents to the inclusion in the report of the matters based on the information in the form and context in which it appears. This picture can be found of the Company`s website. Figure 1 - Location of Avontuur Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 30/10/2009 09:44:01 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.
