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TAW - Tawana Resources NL - Shareholder Presentation Hunting New Frontiers In

Release Date: 12/03/2012 10:11
Code(s): TAW
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 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.

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