Wrap Text
TAW - Tawana Resources NL - Shareholder Presentation Hunting New Frontiers In
Liberia
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")
Shareholder Presentation - Hunting New Frontiers In Liberia
(Note - All images and figures removed for SENS purposes and can be found in the
presentation on the Company`s website)
Len Kolff, MD
Canary Events Sydney 2012
Disclaimer
The information contained in this presentation has been prepared by Tawana
Resources Ltd (TAW). This presentation is not an offer, invitation, solicitation
or other recommendation with respect to the subscription for, purchase or sale
of any securities in TAW. This presentation has been made available for
information purposes only and does not constitute a prospectus, short form
prospectus, profile statement or offer information statement. This presentation
is not subject to the disclosure requirements affecting disclosure documents
under Chapter 6D of the Corporations Act.
This presentation may contain certain forward looking statements and projections
regarding estimated, resources and reserves; planned production and operating
costs profiles; planned capital requirements; and planned strategies and
corporate objectives. Such forward looking statements/projections are estimates
for discussion purposes only and should not be relied upon. They are not
guarantees of future performance and involve known and unknown risks,
uncertainties and other factors many of which are beyond the control of Tawana
Resources NL. The forward looking statements/projections are inherently
uncertain and may therefore differ materially from results ultimately achieved.
Tawana Resources NL does not make any representations and provides no warranties
concerning the accuracy of the projections, and disclaims any obligation to
update or revise any forward looking statements/projects based on new
information, future events or otherwise except to the extent required by
applicable laws. While the information contained in this presentation has been
prepared in good faith, neither TAW or any of its directors, officers, agents,
employees or advisors give any representation or warranty, express or implied,
as to the fairness, accuracy, completeness or correctness of the information,
opinions and conclusions contained in this presentation. Accordingly, to the
maximum extent permitted by law, none of TAW, its directors, employees or
agents, advisers, nor any other person accepts any liability whether direct or
indirect, express or limited, contractual, tortuous, statutory or otherwise, in
respect of, the accuracy or completeness of the information or for any of the
opinions contained in this presentation or for any errors, omissions or
misstatements or for any loss, howsoever arising, from the use of this
presentation.
The information in this report that relates to 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.
Corporate Snapshot
Capital Structure ASX & JSE: TAW
Shares on issue 857m
Market Cap @ 3 cents $26m
Options (1-10 cents, Jul12-Sep14) 180m
Cash (Dec 2011 Qtrly) $3.7m
Debt Nil
Major Shareholders %
Gryphon Minerals Ltd 13%
Merriwee Pty Ltd 6%
BT Portfolio Services 5%
Top 20 shareholders 60%
Director`s Shareholding 9%
Share Price Performance LTM
(TAW Feb `11 - Feb `12 - graph removed for SENS purposes)
Board and Management
Warwick Grigor
Non-Executive Chairman
Executive Chairman and Head of Research at BGF Equities Pty Ltd
Julian Babarczy
Non-Executive Director
Fund Manager -Natural Resources Specialist
Extensive experience in all facets of finance
Euan Luff
Non-Executive Director
Legal Senior Partner
Experienced company director
Matthew Bowles
Non-Executive Director
Corporate finance and M&A expertise in mining sector
Chief Development Officer Gryphon Minerals Limited
Len Kolff
Managing Director
Geologist
15yrs+ exploration/resource evaluation experience in Africa & Australia with RT
Integral in +2Bt Simandou Fe discovery
Discovered Cu-Au deposit at Northparkes
French/Spanish/Dutch speaker
Rockson Coffie
Senior Geologist
Ghanaian national
10yrs+ extensive Au exploration experience in West Africa
5yrs in Liberia; Birimian-Archean settings
Ashanti Goldfields, Redback Mining, HUM
Integral in Enchi Boin Valley and Dugbe discoveries
(Images removed for SENS purposes)
Strategic Alliance with Gryphon Minerals
Strategic Alliance announced Dec 2010
GRY a major shareholder (13%)
GRY to assist with the identification, assessment and acquisition of West
African mineral permits
Alliance to target gold, base metals and other minerals throughout West Africa
Initial move into Liberia with 2 tenements granted
Additional opportunities continue to be reviewed throughout West Africa
Liberia: A Country Overview
(Image removed for SENS purposes)
Nine years of political stability and economic reform after 15yrs of civil
unrest
Democratically elected and recently re-elected President Ellen Johnson-Sirleaf;
first female African head of state
Modern Mining code
Pro-active Mining Govt encouraging mining investment
English speaking
Majors are active - BHPB, ArcelorMittal and Severstral established in country
Why Liberia
(Map removed for SENS purposes)
Liberia is underexplored yet highly prospective
3.8 Moz Dugbe
1.5 Moz New Liberty
Highly prospective Archean and Birimian geology
Historically largest exporter of iron ore in West Africa
+790 Mt Nimba
+300 Mt Bong Range
+50 Mt DSO Bomi Hills
Sinoe Gold Project
(Map and images removed for SENS purposes)
400 km2 highly prospective Birimian geology
Emerging new gold province
8 km and >6 km long +30 ppb (up to 1 g/t) soil anomalies defined
20 km from 3.8 Moz Dugbe discovery
Extensive artisanal workings; no modern day exploration
Trenching and infill soil sampling underway
Cape Mount Gold Project (pending legal DD)
(Map and images removed for SENS purposes)
2000 km2 highly prospective Archean geology
Historic drilling inc. 9.9m at 5.4 g/t and 21.4m at 2.4 g/t Au
Recce rock chips inc. 6m at 23.6 g/t inc. 2m at 53.8 g/t Au
Adjacent to 1.5 Moz New Liberty discovery
Extensive artisanal workings
Emerging new gold province
Nimba Gold Project
(Map removed for SENS purposes)
995 km2 highly prospective Archean/ geology
10 km long BLEG anomaly defined
Coincident artisanal mining
Adjacent to 5 Moz Ity gold mine
Favourable structural, lithological and geophysical targets
Soil sampling underway
Lofa Gold Project
(Map removed for SENS purposes)
596 km2 highly prospective Archean geology
6 km long BLEG anomaly defined
Along strike from 1.5 Moz New Liberty
Major crustal scale structures
Artisanal activity confirmed
Soil sampling planned
Mofe creek Iron Project
(Map and images removed for SENS purposes)
285 km2 highly prospective Archean geology
Adjacent to historic +50 Mt DSO lump magnetite Bomi Hills mine
35 km strike of clean coarse grained itabirite mapped
High-grade +62% Fe DSO magnetite and +45% Fe friable itabirite confirmed
10 km from rail, 65 km from port and 25 km from coast
Potential low capex DSO Fe project generating significant cash flow
West African Growth Strategy
(Map removed for SENS purposes)
TAW & GRY actively seeking and reviewing potential growth opportunities in West
Africa
Alliance expected to generate further licences in new countries in the near term
Targeting gold, iron ore and other mineral opportunities
Valuable South African Asset Base
6.76% indirect equity interest in manganese and iron ore JV with Aquila
Resources
Broker valuations of Avontuur potentially underpins Tawana market capitalisation
Enormous leverage into Liberian projects, management and Gryphon Alliance
Project Resource Grade Source
Avontuur Mn 117.9 Mt 38.3% Mn AQA Nov 2011
Meletse Fe 47.6 Mt 62.9% Fe AQA May 2010
Broker Avontuur
JP Morgan $926 million Post DFS
Macquarie $680 million Pre resource
upgrade and DFS
Southern Cross $590 million Pre resource
upgrade and DFS
(Ownership structure diagram removed for SENS purpose)
Next 12 months
Sinoe Gold Project
Trenching & infill soils Q2 2012
Drilling Priority Targets Q2/3 2012
Cape Mount Gold Project
Legal due diligence & Definitive Agreement Q2 2012
Trenching and Soils Q2 2012
Drilling Priority Targets Q2/3 2012
Nimba & Lofa Gold Projects
Stage 1 soils Q2 2012
Follow-up soils & trenching Q3/4 2011
Mofe Creek Iron Project
Aeromagnetics survey Q2 2012
Data review and target definition Q3 2012
South Africa
AQA sale process of Avontuur Q3 2012
Portfolio rationalisation Ongoing
West Africa & Strategic Alliance
Project generation Ongoing
Company Highlights
Targeting multi Moz gold systems and high-grade iron ore in Liberia
Strategic Alliance with major shareholder Gryphon Minerals
West African experienced board & management
4280 km2 of highly prospective Archean and Birimian geology in Liberia
Gold permits along strike from major gold discoveries; 5 Moz Ity mine, 3.8 Moz
Dugbe and 1.5 Moz New Liberty
Iron ore permit adjacent to historic >50 Mt DSO lump magnetite deposit and
infrastructure
Aggressive exploration program underway; news flow through 2012
6.76% indirect share of significant manganese and iron ore projects
Non-core project rationalisation underway and expected to generate shareholder
returns
Building Momentum
(Images removed for SENS purposes)
Suite 25, 145 Stirling Highway, Nedlands, Western Australia
P.O. Box 3144 Broadway Nedlands WA 6009
Phone: (08) 9389 3140 Fax: (08) 9389 3199
www.tawana.com.au
12 March 2012
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 12/03/2012 10:11:02 Supplied by www.sharenet.co.za
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