Wrap Text
TAW - Tawana Resources NL - Quarterly Activities and Cash Flow Report 1 January
- 31 March 2011
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")
Tawana Resources NL (ASX: TAW) is pleased to present the report on activities
for the period January to March 2011.
HIGHLIGHTS
- Placement of 100 million shares at 4.5 cents raising $4.5 million before
fees with BGF Equities Pty Ltd acting as the lead Manager
- Formal approval and granting of two mineral exploration licenses for
1,591km2 of highly prospective ground in Liberia, West Africa
- Extensive artisanal gold workings confirmed on both Liberian licenses
- Nimba license alluvial workings occur in numerous streams draining high
priority target defining a 30km long ridge
- Lofa license alluvial workings occur within a river draining a greenstone
belt within an adjacent license with similar settings and reported
extensive artisanal gold workings defining a high priority 16km long ridge
target within the Lofa license
- Liberian field work underway prior to onset of wet season; four teams
mobilised, field offices secured, 150 stream sediment samples collected to
date, communities and stakeholders engaged and supportive of field
programmes
- The Avontuur high-grade manganese resource was increased by 63% to 108.9Mt
at 38.6% Mn and the feasibility study scope expanded from a base case of
1Mtpa to a 2Mtpa operation
- Tawana Resources Nl (the `Company`) continues to evaluate a number of
potential project acquisition and farm-in opportunities in Liberia in its
own right and is also working closely with Gryphon on other highly
prospective West African opportunities
Corporate
On 16th March 2011 the Company raised $4.5 million via share placement of 100
million shares at 4.5 cents with BGF Equities Pty Ltd acting as the lead
manager. Through the capital raising Gryphon Minerals maintained its 14.25%
shareholding; demonstrating its long term commitment to the Strategic Alliance
and ongoing success of the Company.
Tawana Resources Liberia was incorporated in Liberia and is 100% held by Kenema-
Man Holdings Liberia Pty Ltd; an Australian subsidiary wholly owned by Tawana
Resources NL.
The Company has secured with SEMS Exploration Services Ltd of Ghana an office in
Monrovia, the capital city of Liberia. The company has secured two exploration
field offices close to project areas.
The Company attended and presented at the first Liberian Mineral and Energy
Conference (LIMEP) held 11-13th April 2011 in Monrovia, Liberia. The conference
was well attended with over 300 delegates from a broad spectrum of mining,
exploration and service provider industries active in Liberia.
Change of Registered Office and Principle Place of Business
The Company is also pleased to advise that the Registered Office and Principal
Place of Business are now located at:
Physical Address: Postal Address: Phone: (08) 9389 3140
Suite 25, P.O. Box 3144 Fax: (08) 9389 3199
145 Stirling Highway, Broadway
Nedlands, Western Australia Nedlands WA 6009
Liberia
As a first move under the Strategic Alliance with Gryphon Minerals, two mineral
permits issued in December 2010 were formally approved to Gryphon Minerals Ltd
(ASX: GRY) by the Liberian Minister of Lands Mines and Energy Dr Roosevelt G
Jayjay on 23rd February 2011, allowing field exploration programmes to commence.
The licenses are to be explored by and transferred to the Company as part of the
Strategic Alliance agreement with Gryphon Minerals.
The Lofa Licence covers 596km2 and is along strike from the 1.52Moz New Liberty
gold deposit and the Nimba Licence covers 995km2 and is adjacent to the 5.0Moz
Ity gold mine. Both licences host highly prospective Archean greenstone belts
that have had no modern day exploration and have confirmed artisanal workings.
An additional five possible applications were submitted for gold and non-ferrous
minerals exploration in the north east and east of the country. The Company was
unsuccessful in securing three of the five potential applications submitted and
feedback on the remaining two applications is pending. The Nimba North
application (478km2) is an extension of the geological features favourable to
the Nimba license; hosts reported artisanal gold workings and provides
operational synergies with Nimba. The Vaiidi Mountain application (986km2) hosts
a significant package of folded and sheared greenstone and banded iron
formations prospective for gold with reported artisanal gold workings.
The Nimba license area is considered highly prospective for significant gold
mineralisation:
i. Proximity to the Cestos Shear; a major scale crustal structure which hosts
the Ity Gold Mine (5Moz) and converges with the Syama-Morila gold hosting shear
structure
ii. Proximity to the Ity Gold Mine (5Moz)
iii. Structurally complex zone at contact between Archean Craton to the west and
Birimian belt to the east with inferred in-folding of Birimian aged rocks into
Archean Craton and emplacement of Palaeoproterozoic granitoids into the folded
rock package along major structures of the Cestos Shear
Lofa License
Field work has progressed well since commencing during the first week of April
2011. All access roads, tracks and paths have been mapped, approximately 40
stream sediment samples collected and reports of artisanal gold workings
confirmed in the south west of the license along the Kpo Range.
Artisanal alluvial gold mining was located in the south of the Lofa license
along a large river draining Shankil Resources Inc property within the central
part of Tawana`s license. Sand and gravel dug by hand from the river bed by
divers was screened, washed and panned on the river bank producing fine to
medium grained gold. Reported hard rock mining of a gold bearing narrow quartz
vein in Shankil`s property and cut by the same river is the likely source of
this gold; further confirmed by the medium to fine grained nature of the gold
recovered.
Similar greenstone and banded iron formation units that host this mineralisation
occur along strike and slightly offset in the south-west of the Lofa license.
This is also the area of reported gold workings further enhancing the target
area.
Work Plan going forward
Alluvial gold workings have been confirmed on both licenses and from their
distribution around coincident topographic highs, regional aeromagnetic
anomalies and mapped Archean greenstone belts will be targeted with widely
spaced soil traverses prior to the onset of the wet season in early June 2011.
These areas represent high priority targets confirmed by the presence of
alluvial gold workings in several rivers and streams draining from the narrow
greenstone belt ridges within the concession areas.
Ongoing regional stream sediment sampling and targeted soil traverses remain the
priority with approximately 350 stream sediment samples and 400 soil samples
remaining prior to the onset of the wet season in early June 2011. Sampling is
being carried out in conjunction with geological mapping and identification and
appraisal of artisanal workings as the field programmes progress.
Community and stakeholder liaison will remain ongoing. This is paramount to
building good community relations, managing expectations, fostering ongoing
community support and maintaining a social licence to operate.
In addition to ongoing lobbying of the Ministry to finalise approval of
remaining applications, the Company continues to evaluate a number of potential
project acquisitions and farm-in opportunities in Liberia in its own right and
is also working closely with Gryphon on other highly prospective West African
opportunities. The Company is currently reviewing potential acquisitions in
Liberia and undertaking geological due diligence on the opportunities including
site visits.
About Liberia
Liberia is a democratic country run by Her Excellency President Ellen Johnson-
Sirleaf; Africa`s first elected female head of state in 2005. The country is
hugely prospective and hosts several world class iron ore deposits but yet is
completely underexplored for gold and non-ferrous metals. Liberia has a modern
and transparent mining code and the government is supportive of foreign
investment especially in the exploration and mining industry to help unlock the
value of its potential mineral wealth. Tawana will be one of the first ASX
listed junior companies into Liberia following in the footsteps of mining majors
BHPBilliton, Arcelor-Mittal and Severstal.
Liberia is located in West Africa dominantly within the Archean aged Kenema Man
Domain and lesser Birimian sediments to the east. There are a large number of
world class mineral deposits located in the Archean and Birimian rock types
throughout West Africa including Obuasi (40Moz+) and Tasiast (18Moz+). West
Africa is one of the fastest growing mineral provinces in the world and Liberia
currently hosts several world class iron ore deposits and is underexplored for
gold.
South Africa
Rakana Consolidated Mining Pty Ltd (TAW 26%)
The Company holds a 26% equity stake in Rakana Consolidated Mining Pty Ltd
("Rakana") the joint venture partner of Aquila Resources Ltd ("Aquila") in the
Thabazimbi Joint Venture.
Avontuur Manganese Project (TAW indirect interest 6.7%)
The Avontuur high-grade Managanese Project is located in the Northern Cape
Province, South Africa. Aquila Resources (ASX: AQA) announced a JORC compliant
resource upgrade of 108.9Mt at 38.6% Mn on 4th February 2011.
The Avontuur Project is incorporated in the Thabazimbi Joint Venture.
category Tonnes mn% Fe% SIO2 Lol% CaO% MgO%
`000T
Gravenhage
Measured 26.245 39.25 12.48 8.96 8.06 6.82 3.48
Indicated 34.493 38.7 12.24 9.63 8.24 6.93 3.63
Inferred 46.332 37.95 11.41 10.31 8.68 7.38 3.94
Sub-Total 107.07 38.51 11.94 9.77 8.39 7.1 3.73
Eerbergint
Inferred 1,800 45.5 13,00 4,63 3.7 N/A N/A
Total 108,870 38.63 11.96 9,69 8.31 N/A N/A
category AI,OS2 K2O % P% RD Thickness
Gravenhage
Measured 0.34 0.19 0.03 3.73 3.28
Indicated 0.32 0.18 0.03 3.72 3.13
Inferred 0.33 0.14 0.03 3.68 3.03
Sub-Total 0.33 0.15 0.03 3.7 3.12
Eerbergint
Inferred 0,52 0.01 0.01 4 4.02
Total 0,33 0.16 0.03 3.7 4.02
N/A-Not modeled
Avontuur Resource Estimate (AQA, 4th Feb 2011)
The Avontuur Project area is located approximately 30km north of the Kalahari
Manganese Field, South Africa`s premier manganese producing area (see map
below).
Highlights announced on 4th February 2011 by Aquila include:
56% of the Gravenhage Manganese Resource is now in the Measured and Indicated
category;
59% of the Gravenhage Deposit has an average grade of 40% with 25.4Mt of the
Resource grading 43.8% Mn;
Feasibility Study underway to initially mine the Gravenhage Deposit as an open
pit, with subsequent underground mining from an open pit access;
Strong exploration potential exists within the 10km long Avontuur Basin, which
is wholly contained within the 370km2 Avontuur Prospecting Right. Five target
areas have been identified for further exploration; and
Recent exploration at Haakdoorn, 7km south of Gravenhage Deposit intersected
1.5m at 43.2% Mn from 214m and 1.5m at 40.8% Mn from 217m.
Following a review of the resource upgrade and its impact on pit design, Aquila
announced on 11th March 2011 that the Feasibility Study base case of 1Mtpa from
open cut operations has been expanded to target an operation with an annual
production of 2Mtpa.
Thabazimbi Iron Ore Project (TAW indirect interest 6.7%)
The Meletse Iron Ore Project has a JORC compliant indicated and inferred
resource estimate of 47.6Mt at 62.9% Fe in the Limpopo Province, South Africa.
The Meletse Project is incorporated in the Thabazimbi Joint Venture. Significant
expansion potential exists as the deposit remains open at depth and along
strike.
Meltse Iron Ore Resources
Resources Tonnes Fe % SIO2 AI,OS2 P % S % MnO % MgO % Lol
Classification Mt
Indicated 15.9 63.6 6.22 1.07 0.031 0.45 0.783 0.076 1,00
Inferred 31.7 62.5 8.89 0.82 0.044 0.041 1.078 0.054 1,19
Total 47.6 62.9 8 0.91 0.04 0.043 0.979 0.061 1,13
Kareevlei Wes Project, Kimberley Region (TAW 100%)
The Kareevlei Project Area is comprised of a cluster of five kimberlites located
approximately 100km northwest of Kimberley.
On 25th January 2011 the Company announced that an Addendum to the Heads of
Agreement for the sale of Kareevlei was signed with Rolatseng Mining CC. The
Purchase price was revised from ZAR25 million to ZAR22 million due to an
expectation of a lower grade as announced in the previous quarter. The revised
terms of the HoA are as follows:
Payment of a ZAR150,000 non-refundable deposit within fourteen (14) days of the
signing of the HoA,
Payment of a ZAR250,000 non-refundable deposit on 30th November 2010,
Payment of ZAR1.1 million in five monthly installments commencing 31st January
2011 into trust or escrow and released to the vendor on transfer of the Mining
Right,
Payment of ZAR20.5 million within seven days of completion of the Trial Mining
and reporting exercise and to be held in trust or escrow pending transfer of the
Mining Right.
The first two payments of ZAR150,000 and ZAR250,000 have has been received by
the Company and steps are underway to transfer the Mining Right. To date
Rolatseng has not made monthly instalments as per the revised agreement due to
delays in securing new funding after their original partner and funder reneged.
A 31st May 2011 deadline to secure guaranteed funding for the whole purchase
price was agreed on which Tawana reserves the right to terminate the agreement
without any financial reimbursement.
Daniel Alluvial Project, Kimberley Region (TAW 100%)
The Daniel Alluvial Project is a large buried palaeo alluvial diamond project
2km south of the Finsch kimberlite diamond mine. It was discovered in 2003
following a FALCOMTM survey by BHPB targeting satellite kimberlite pipes around
Finsch. The project consists of three diamondiferous paleao gravel channels;
Feeder Channel, Main Channel and Eastern Gravels. The Daniel diamonds are
interpreted to be derived from eroded diamondiferous Finsch kimberlite material.
No work was carried out on the project during the reporting period.
Perdevlei Kimberlite Project, Kimberley Region (TAW 100%)
The Perdevlei kimberlite project is located approximately 50km east of the
Finsch diamond mine in the Kimberley Region of the Northern Cape Province. The
kimberlite pipe is approximately 1.7Ha in size, drill confirmed to 150m depth
and the project area is also prospective for alluvial diamonds.
No field work was undertaken during the reporting period.
St Augustine (TAW 30%) and Lexshell Projects, Kimberley Region
The St Augustine kimberlite project is located approximately 600m west of the
Big Hole in Kimberley. It is a historic surface and underground mine reportedly
mined to a depth of 800ft (242m). The conceptual target is primary kimberlite at
depth below historic workings and remains untested.
The Lexshell alluvial project is located 50km north-east of Kimberley, at the
confluence of the Vaal and Harts rivers. The project has targeted and confirmed
the presence of diamondiferous palaeo alluvial channels.
No field work was undertaken on either project during the reporting period.
Botswana
Orapa Project (100% 0wned by Seolo Pty Ltd, a wholly owned subsidiary and
Firestone Diamonds Ltd (AIM: FDI) having the right to initially earn 70%
interest in the Project)
The Orapa project consists of the BK24 kimberlite 22km north-north-east from
Lelthalkane in Botswana and under joint venture with Firestone Diamonds (AIM:
FDI). Under the Exploration Joint Venture Agreement Firestone has the right to
initially earn 70% in the Project through funding and execution of exploration
activities including the collection and processing of a bulk sample of
kimberlite material using a large diameter (24" or 36") drill rig of a minimum
of 150 tonnes from kimberlites less than 1Ha in size, and a minimum of 250
tonnes from kimberlites greater than 1Ha in size.
Large diameter drilling has been delayed due to delays in the start-up of
Firestone`s BK11 mine. Drilling is expected to commence during Q2 2011.
Australia
Flinders Island & Venus Bay Projects, South Australia (TAW 80%, 20% Orogenic
Exploration with Flinders Mines earning in)
The Flinders Island and Venus Bay Projects are located along the western Eyre
Peninsula coast line, South Australia. Licenses are held by Tawana Resources NL
(80%) and Orogenic Exploration Pty Ltd (20%) with Flinders Mines Ltd earning
equity under a farm in JV.
No field work was undertaken during the reporting period, however, Venus Bay
licenses were renewed.
For further information, please contact:
Lennard Kolff van Oosterwijk
Chief Executive Officer
Competent Persons Statements
The information in this report in so far that it relates to Liberian Project
Exploration Results, Mineral Resources or Ore Reserves is based on information
compiled by Lennard Kolff van Oosterwijk, who is a Member of the Australian
Institute of Geoscientists included in a list promulgated by the ASX from time
to time. Lennard Kolff van Oosterwijk is a full-time employee of the company and
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 for Reporting of Exploration Results, Mineral Resources and
Ore Reserves`. Lennard Kolff van Oosterwijk consents to the inclusion in the
report of the matters based on his information in the form and context in which
it appears.
The information in this report, insofar as it relates to the Meletse Iron Ore
Resource and the Gravenhage Manganese Resource was prepared under the
supervision of Mr Brent E Green who is a member of the Australian Institute of
Geoscientists and Mr Bernhard Siebrits who is a member of the Australasian
Institute of Mining and Metallurgy. Mr Green is full-time employee of Aquila
Resources Ltd and Mr Siebrits is a full-time employee of Golder Associates
Africa Ltd. Mr Green and Mr Siebrits have sufficient experience which is
relevant to the style of mineralisation and type of deposit under consideration
and to the activity which they are undertaking to qualify as Competent Persons
as defined in the 2004 Edition of the `Australasian Code of Reporting of
Exploration Results, Mineral Resources and Ore Reserves`.
Rule 5.3
Appendix 5B
Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001,
01/06/10.
Name of entity
Tawana Resources NL
ABN Quarter ended
("current quarter")
69 085 166 721 31 March 2011
Consolidated statement of cash flows
Current Year to date
Cash flows related to operating quarter (3 months)
activities $A`000 $A`000
1.1 Receipts from product - -
sales and related debtors
1.2 Payments for (a) (78) (78)
exploration & evaluation - -
(b) development - -
(c) production (380) (380)
(d) administration
1.3 Dividends received - -
1.4 Interest and other items 13 13
of a similar nature
received
1.5 Interest and other costs - -
of finance paid
1.6 Income taxes paid - -
1.7 Other (provide details if 8 8
material)
Net Operating Cash Flows (437) (437)
Cash flows related to
investing activities
1.8 Payment for purchases of:
(a) prospects - -
(b) equity investments - -
(c) other fixed assets (7) (7)
1.9 Proceeds from sale of:
(a) prospects - -
(b) equity investments - -
(c) other fixed assets - -
1.1 Loans to other entities - -
0
1.1 Loans repaid by other - -
1 entities
1.1 Other (provide details if - -
2 material)
Net investing cash flows (7) (7)
1.1 Total operating and
3 investing cash flows (444) (444)
(carried forward)
Total operating and (444) (444)
1.1 investing cash flows
3 (brought forward)
Cash flows related to
financing activities
1.1 Proceeds from issues of 4,750 4,750
4 shares, options, etc.
1.1 Proceeds from sale of - -
5 forfeited shares
1.1 Proceeds from borrowings - -
6
1.1 Repayment of borrowings - -
7
1.1 Dividends paid - -
8
1.1 Other - share issue costs - -
9
Net financing cash flows 4,750 4,750
Net increase (decrease) in 4,306 4,306
cash held
1.2 Cash at beginning of 835 835
0 quarter/year to date
1.2 Exchange rate adjustments (1) (1)
1 to item 1.20
1.2 Cash at end of quarter 5,140 5,140
2
Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related
entities
Current
quarter
$A`000
1.2 Aggregate amount of payments to the 47
3 parties included in item 1.2
1.2 Aggregate amount of loans to the parties -
4 included in item 1.10
1.2 Explanation necessary for an understanding of the
5 transactions
Directors` fees and payments made to Wilmoth Field
Warne, an entity related to a director.
Non-cash financing and investing activities
2. Details of financing and investing transactions which
1 have had a material effect on consolidated assets and
liabilities but did not involve cash flows
The issue of 100 million ordinary fully paid shares in
the Company to Gryphon Minerals Ltd or its nominees in
consideration for the Company acquiring 100% of the
title to and rights in mineral permit applications in
Liberia, as announced to ASX on 1 December 2010. The
acquisition is part of a strategic alliance between
Gryphon and the Company in respect of the acquisition
and exploration of mineral permits in West Africa.
2. Details of outlays made by other entities to establish
2 or increase their share in projects in which the
reporting entity has an interest
N/A
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount Amount used
available $A`000
$A`000
3. Loan facilities - -
1
3. Credit standby arrangements - -
2
Estimated cash outflows for next quarter
$A`000
4. Exploration and evaluation 500
1
4. Development -
2
4. Production -
3
4. Administration 325
4
Total 825
Reconciliation of cash
Reconciliation of cash at the Current Previous
end of the quarter (as shown quarter quarter
in the consolidated statement $A`000 $A`000
of cash flows) to the related
items in the accounts is as
follows.
5. Cash on hand and at bank 5,120 815
1
5. Deposits at call 20 20
2
5. Bank overdraft - -
3
5. Other (provide details) - -
4
Total: cash at end of 5,140 835
quarter (item 1.22)
Changes in interests in mining tenements
Teneme Nature of Intere Intere
nt interest st at st at
refere (note (2)) beginn end of
nce ing of quarte
quarte r
r
6. Interests in
1 mining
tenements
relinquished,
reduced or
lapsed
6. Interests in
2 mining
tenements
acquired or
increased
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights
together with prices and dates.
Total Number Issue Amount paid
number quoted price per up per
security security
(see note (see note
3) (cents) 3) (cents)
7.1 Preferenc - - N/A N/A
e
+securiti
es
7.2 Changes N/A N/A N/A N/A
during
quarter
7.3 +Ordinary 826,629,043 826,629,043
securitie
s
7.4 Changes
during
quarter 100,000,000 100,000,000 4.5 cents Fully paid
(a) 173,288 173,288 4 cents Fully paid
Increases 100,000,000 100,000,000 4.5 cents Fully paid
through 25,000,000 25,000,000 1 cent Fully paid
issues
(b)
Decreases
through
returns
of
capital,
buy-backs
7.5 +Converti - -
ble debt
securitie
s
7.6 Changes N/A N/A
during
quarter
7.7 Options Exercise Expiry date
Unlisted 1,420,000 - price 30 Nov 2011
options 6,750,000 - $0.35 17 Jan 2014
Unlisted 4,000,000 - $0.10 18 Jun 2012
options 6,000,000 - $0.07 17 Jan 2013
Unlisted 6,750,000 - $0.10 17 Jan 2013
options 50,000,000 - $0.07 23 Feb 2013
Unlisted 50,000,000 - $0.01 31 Jul 2012
options 50,000,000 - $0.01 30 Jul 2013
Unlisted 5,000,000 - $0.01 9 Sep 2012
options 5,000,000 - $0.03 9 Sep 2014
Unlisted 50,000,000 - $0.03 8 Mar 2014
options 13,240,053 13,240,053 $0.01 1 Apr 2011
Unlisted $0.10
options
Unlisted
options
Unlisted
options
Unlisted
options
Unlisted
options
Listed
options
7.8 Issued 50,000,000 - $0.01 8 Mar 2014
during
quarter
7.9 Exercised - -
during
quarter
7.1 Expired - -
0 during
quarter
7.1 Debenture - -
1 s
7.1 Unsecured - -
2 notes
Compliance statement
1 This statement has been prepared under accounting policies which comply
with accounting standards as defined in the Corporations Act or other
standards acceptable to ASX (see note 4).
2 This statement does give a true and fair view of the matters disclosed.
Notes
1 The quarterly report provides a basis for informing the market how the
entity`s activities have been financed for the past quarter and the effect
on its cash position. An entity wanting to disclose additional information
is encouraged to do so, in a note or notes attached to this report.
2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of
interests in mining tenements acquired, exercised or lapsed during the
reporting period. If the entity is involved in a joint venture agreement
and there are conditions precedent which will change its percentage
interest in a mining tenement, it should disclose the change of percentage
interest and conditions precedent in the list required for items 6.1 and
6.2.
3 Issued and quoted securities The issue price and amount paid up is not
required in items 7.1 and 7.3 for fully paid securities.
4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive
Industries and AASB 1026: Statement of Cash Flows apply to this report.
5 Accounting Standards ASX will accept, for example, the use of International
Accounting Standards for foreign entities. If the standards used do not
address a topic, the Australian standard on that topic (if any) must be
complied with.
29 April 2011
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 29/04/2011 17:21:01 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.
Sharenet Sites 
