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TAW - Tawana Resources NL - DFS Completed and Resource Upgrade on Gravenhage Manganese Project; Thabazimbi Joint Venture, South Africa (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") (Please note all maps and images have been removed and can be found on the Tawana website) FAST FACTS Issued Shares: 856m Market Cap: $19m Cash (Sep-11 Qtly): $4.3m ASX CODE: TAW COMPANY HIGHLIGHTS - New West African Gold Frontier - Alliance with Gryphon Minerals - Experienced Board and Management Sinoe Gold Project, Liberia - Highly prospective Birimian gold structures on Dugbe shear - Along strike from Dugbe gold deposit (1.8Moz) Mofe Creek Iron Ore Project, Liberia - 40% Fe along 30km strike - 25km to coast, adjacent to rail, port and 50Mt Bomi Hills historic mine
Nimba/Lofa Gold Projects, Liberia - Close proximity to Ity Gold Mine (5Moz) - Located on known gold hosting structures Thabazimbi JV (6.7%), South Africa Avontuur Manganese and Meletse Iron Ore JV managed by Aquila Resources DFS Completed and Resource Upgrade on Gravenhage Manganese Project; Thabazimbi Joint Venture, South Africa HIGHLIGHTS Through Tawana`s 6.76% indirect equity interest in the Gravenhage Manganese Project, a project incorporated in the Thabazimbi Joint Venture with Aquila Resources Ltd, the Company highlights the results announced by Aquila on 30th November 2011. * Aquila Resources Ltd completes a Definitive Feasibility Study for the Gravenhage Manganese Project * Tawana Resources NL owns a 6.76% indirect equity interest in the Gravenhage Manganese Project through Rakana Consolidated Mining Pty Ltd, the joint venture partner of Aquila Resources Ltd in the Thabazimbi Joint Venture * Aquila Resources Ltd manages the Thabazimbi Joint Venture Tawana Resources NL (ASX: TAW, the `Company`) is pleased to announce that Aquila Resources Ltd (ASX: AQA, `Aquila`) has completed a Definitive Feasibility Study (`DFS`) for the Gravenhage Manganese Project in South Africa. The Company holds a 26% equity stake in Rakana Consolidated Mining Pty Ltd ("Rakana") the joint venture partner of Aquila in the TJV. The Avontuur Manganese project which includes the Gravenhage manganese resource and the Meletse iron ore resource are incorporated under the TJV. For further technical detail please refer to Aquila`s Gravenhage DFS completion announcement of 30th November 2011. Thabazimbi Joint Venture The Company holds a 26% equity stake in Rakana Consolidated Mining Pty Ltd ("Rakana") the joint venture partner of Aquila Resources Ltd in the Thabazimbi Joint Venture. (Shareholding chart of Rakana Consolidated Mining Pty Ltd has been removed) The Thabazimbi Joint Venture includes the Northern Cape Project and Thabazimbi Project. The Northern Cape Project includes the Avontuur license which contains the Gravenhage Manganese project. The Thabazimbi Project includes the Meletse Iron Ore project. (Thabazimbi Joint Venture Project locations map has been removed) For further information, please contact: Lennard Kolff van Oosterwijk Managing Director CORPORATE DIRECTORY Warwick Grigor Len Kolff Managing Director Non-Executive Chairman Julian Babarczy Euan Luff Non-Executive Director Non-Executive Director Matthew Bowles Winton Willesee /Aaron Finlay Non-Executive Director Joint Company Secretary CONTACT DETAILS Principal & Registered Office: Suite 25, 145 Stirling Highway Nedlands, Western Australia Email: admin@tawana.com.au Website: www.tawana.com.au Phone: +61 8 9389 3140 Facsimile: +61 8 9389 3199 2 December 2011 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 02/12/2011 08:49:01 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.
