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Tawana - New Kimberlite Discovery-Daniel Kimberlite Project

Release Date: 21/12/2005 08:09:02      Code(s): TAW
Tawana - New Kimberlite Discovery-Daniel Kimberlite Project                     
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")                                                     
21 December 2005                                                                
New Kimberlite Discovery-Daniel Kimberlite Project                              
The Directors of Tawana are pleased to advise that a new kimberlite has been    
discovered in the Daniel Kimberlite Project (DKP) in South Africa.              
The kimberlite was located by soil sampling and a magnetic survey over Falcon   
target A95. Kimberlite was confirmed by percussion drilling and laboratory      
analysis of the drill cuttings.                                                 
The kimberlite is in the form of a dyke (fissure) with several blows or small   
pipes and can be traced by magnetic data to the Eastern Gravel diamondiferous   
alluvial deposit.                                                               
It was previously reported that the high quality (US$274 per carat) diamonds    
found in the Eastern Gravels are different to those found draining the Finsch   
Mine and are thought by Tawana geologists to be derived from a different source.
The A95 kimberlite may be this source.                                          
As it is too early to confirm that this is the source, the kimberlite will be   
sampled by drilling and bulk sampling early in 2006 to ascertain whether it is  
diamondiferous and, if diamonds are recovered, to compare these diamonds with   
those recovered from the Eastern Gravels.                                       
Following the discovery of kimberlites A1 and A2 in November, the BHP Billiton  
Falcon data was reviewed and this led to a reassessment of the A95 target.      
Similar targets have now been selected for drilling in 2006.                    
The DKP is a joint venture between Tawana, BHP Billiton and Seven Falls.        
The information in this report is based on information compiled by Wolf Marx    
BSc, BA, FAusIMM, CPGeo, Managing Director of Tawana Resources NL. He has       
sufficient experience relevant to the style of mineralization and types of      
deposits under consideration, and to the activity undertaken, to qualify as a   
competent person as defined in the 2004 addition of the "Australasian Code for  
Reporting of Mineral Resources and Ore Reserves"                                
For enquires contact:                                                           
Wolf Marx                          Andrew Smith                                 
Tel: +61 3 99097551                Tel: 08 82768794                             
Mob: 0428 398446                   Mob: 0417 265205                             
wolf.marx@tawana.com.au           ahs.taw@bigpond.net.au                        
PricewaterhouseCoopers Corporate Finance                                        
Tel: +27 (0)11 7974440 or 797 4606                                              
All press releases and announcements may be inspected on the Company"s web site,
namely: www.tawana.com.au                                                       
Date: 21/12/2005 08:09:08 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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