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Tawana Resources NL - Daniel Kimberlite Project - Update

Release Date: 20/03/2006 10:33:01      Code(s): TAW
Tawana Resources NL - Daniel Kimberlite Project - Update                        
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")                                                     
20 March 2006                                                                   
Daniel Kimberlite Project - Update                                              
-    BHP Billiton confirms commitment to contribute its share of expenditure to 
drilling program over additional Falcon targets in the Daniel Kimberlite   
     Project area.                                                              
-    Drilling of new Falcon targets commenced.                                  
-    First phase program entails drilling approximately 20 Falcon targets.      
-    Bulk sample taken of kimberlite A95.                                       
-    Diamonds recovered.                                                        
Daniel Kimberlite Project                                                       
(Tawana 22.2% and operator/ BHP Billiton 51.8% /Seven Falls 26%/)               
Falcon Targets                                                                  
Following the discovery of kimberlites A1, A2 and A95 during the Q4 2005, the   
BHP Billiton Falcon data was reviewed resulting in a reassessment of all of the 
previously identified targets. This led BHP Billiton to confirm its intention of
contributing its share of expenditure on the ongoing drilling of the Falcon     
A program for this exploration has been agreed by the joint venture partners    
with the first phase entailing drilling approximately 20 Falcon targets         
identified by BHP Billiton. Tawana will continue as operator of the program.    
Drilling will be conducted in several phases during 2006 as access becomes      
available. The first phase of this program has commenced on currently accessible
A95 Kimberlite                                                                  
Tawana has completed a small bulk sampling program designed to determine whether
the kimberlite A95 is diamondiferous. 500 tonnes of calcretised kimberlite were 
excavated from the top 2 metres of two sections of A95 and processed in the     
Company"s Dense Media Separation plant. Four small diamonds were recovered      
weighing a total 0.14cts, proving that the kimberlite is diamondiferous but     
giving no indication of the grade. (See Comment)                                
Further drill testing on the kimberlite is planned.                             
As was previously reported, the high quality (US$274 per carat) diamonds found  
in the Eastern Gravels are different from 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.                                              
Comment: Shareholders should be aware that kimberlites in the Limeacres region  
of South Africa, such as Perdevlei, Kareevlei and A95, are characterized by a   
surface alteration known as "calcretisation". This occurs when the exposed      
portions of the kimberlite are indurated by calcium carbonates deposited by     
circulating ground waters. This has the effect of coating any diamonds in the   
surficial, calcretised part of the kimberlite with carbonates, which may have an
adverse affect on the recovery of diamonds by conventional methods. Bulk        
sampling of exposed calcretised kimberlite, therefore, only provides information
as to whether the kimberlite is diamondiferous or not. Samples of deeper        
sections of the kimberlite can then be collected, if warranted, to determine the
grade of the deposit.                                                           
Wolf Marx                                                                       
Tel: +61 3 98635222                                                             
Mob: 0428 398446                                                                
Andrew Smith                                                                    
Tel: 08 82768794                                                                
Mob: 0428 265205                                                                
Email: andrew.smith@tawana.com.au                                               
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 mineralisation and types of deposits under             
consideration, and to the activities undertaken, to qualify as a competent      
person as defined in the 2004 addition of the "Australasian Code for the        
Reporting of Mineral Resources and Ore Reserves"                                
All press releases and announcements may be inspected on the Company"s web site,
namely: www.tawana.com.au                                                       
Date: 20/03/2006 10:33:04 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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