Environmental Approvals Finalised Tawana Resources NL (Incorporated in Australia) (Registration number ACN 085 166 721) Share code on the JSE Limited: TAW JSE ISIN: AU0000TAWDA9 Share code on the Australian Securities Exchange Limited: TAW ASX ISIN: AU000000TAW7 (“the Company” or “Tawana”) ENVIRONMENTAL APPROVALS FINALISED Tawana Resources NL (TAW:ASX) (Tawana or the Company) and Alliance Mineral Assets Limited (SGX:AMA) (AMAL) are pleased to announce that environmental approval to construct and operate a 1.2mtpa dense media separation plant (DMS) at the Bald Hill Mine in Western Australia has been granted. The issuing of an amended operation licence by the Department of Water and Environmental Regulation (DWER), follows recent approval of the updated Environmental Mining Proposal by the Department of Mines and Petroleum (DMP). These approvals have allowed for construction to commence on site and follows the early works programme which began in June 2017. These new approvals also allow for mining and processing to commence for both lithium and tantalum at Bald Hill. The Bald Hill Lithium and Tantalum Mine now has all the necessary environmental approvals required to be one of Australia’s next lithium producers. Tawana Managing Director Mark Calderwood stated “Being permitted to develop and operate at the Bald Hill Mine is a significant achievement and milestone for the joint venture. I look forward to providing further updates at this exciting time for Tawana and AMAL as we transition from explorer to producer.” Bald Hill Project The Bald Hill project (Project) area is located 50km south east of Kambalda in the Eastern Goldfields of Western Australia. It is located approximately 75km south east of the Mt Marion Lithium project and is adjacent to Tawana’s Cowan Lithium project. The Project, owned by Alliance Mineral Assets Limited (AMAL), includes a permitted tantalum (pegmatite) mine, processing facility and associated infrastructure. Through Tawana’s 100% owned subsidiary Lithco No. 2 Pty Ltd (Lithco), Tawana entered into a Farm- In Agreement on 23 February 2017 with AMAL with respect to AMAL’s Bald Hill project for the purpose of joint exploration and exploitation of lithium and other minerals. In May 2017, Tawana earned its 50% rights to all lithium minerals from the tenements comprising the Project, and Tawana and AMAL are now governed by the Lithium Rights Joint Venture Agreement which was entered into on 10 April 2017. Tawana is required to spend $12.5 million in capital expenditure for upgrading and converting the plant for processing ore derived from the Project, infrastructure costs, pre-stripping activities and other expenditures including operating costs (Capital Expenditure) by 31 December 2019. Upon completion of the Capital Expenditure, Tawana will be entitled to a 50% interest in the Project (being all minerals from the tenements and the processing plant and infrastructure at Bald Hill). The portfolio of mineral tenements, comprising mining leases, exploration licences, prospecting licences, miscellaneous licences, a general-purpose lease, and a retention lease are in good standing. AMAL and Lithco had on 18 April 2017 entered into a Bald Hill Joint Venture Agreement (“Bald Hill JVA”). For the avoidance of doubt, the Bald Hill JVA has not come into effect as at the date of this announcement. Tawana raised $15 million before costs, in May 2017, in order to fund its $12.5 million Capital Expenditure commitment to earn its 50% interest in the Project. Forward Looking Statement This report 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 as representation or warranty, express or implied, of Tawana Resources NL and/or Alliance Mineral Assets Limited. 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 and/or Alliance Mineral Assets Limited. The forward looking statements/projections are inherently uncertain and may therefore differ materially from results ultimately achieved. 25 July 2017 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 25/07/2017 08:34:00 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. 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