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Tawana Resources NL - Blacktop results update

Release Date: 16/11/2006 08:55:01      Code(s): TAW
Tawana Resources NL - Blacktop results 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")                                                     
Blacktop Results Update                                                         
Key Points                                                                      
Blacktop kimberlite                                                             
1688 diamonds (117 carats) to 10 November                                       
DMS processing completed                                                        
Processing and concentrate analysis to continue into 2007                       
Pilbara Regional Exploration                                                    
Kimberlitic indicators recovered from Blacktop East                             
Blacktop Kimberlite Project                                                     
(Tawana 50% and operator /De Beers Australia Exploration 50%)                   
The dense media separation (DMS) plant was commissioned on 8 September 2006, and
processing on site of 6,000 tonnes of kimberlite from Blacktop 1 was completed  
on 6 November 2006. Approximately 62 tonnes of concentrate was produced. The DMS
concentrates are screened, packed and sealed on site and transported to Perth   
where the concentrates are being passed through a Flowsort X-Ray recovery unit. 
The resulting concentrates from the Flowsort unit are sent to Tawana"s          
laboratory in Melbourne for diamond recovery.                                   
As at 10 November, 1,688 diamonds weighing 117 carats were recovered from 25    
tonnes of Flowsort concentrate.  It is expected that the remaining 37 tonnes of 
DMS concentrates will be processed through the Flowsort and examined for        
diamonds by the end of Q1 2007.                                                 
The majority of the diamonds recovered to date are white dodecahedrons, with the
largest stone weighing 1.28 carats.  All diamonds are in the size fraction +1mm 
to -19mm. A summary of the production statistics for the processing of the      
Blacktop 1 bulk sample to 10 November are shown in Table 1.                     
Table1. Bulk sample Summary to 30 September 2006                                
Samples   Samples    DMS      DMS       Diamonds  Diamonds                      
                     conc.    conc.                                             
Excavated processed  Produced Analysed  recovered recovered                     
tonnes    tonnes     tonnes   tonnes    Number    carats                        
6,000     6,000      62       25        1,688     117                           
Commenting on the results to date Mr. Marx said: "It is encouraging to see the  
quantity of diamonds being recovered from only 40% of the concentrate examined  
so far. We look forward to the results of the remainder of the concentrate so   
that we can get the diamonds valued and determine the grade and potential       
economics of the deposit."                                                      
Pilbara Regional Exploration                                                    
(Tawana 50% and operator /De Beers Australia Exploration 50%)                   
Sampling of the Blacktop East anomaly located approximately 8km to the east of  
the Blacktop 1 kimberlite dyke has confirmed the presence of kimberlitic        
indicator minerals. The minerals are present over approximately 3 km of strike  
length and are considered by Tawana management to indicate the location of an   
extension to the Blacktop 1 kimberlite.                                         
16 November 2006                                                                
Contact: Tawana:                                                                
Wolf Marx                               Basil Tambanis                          
Tel: +61 (0)3 98635222                  Tel: +61 (0)3 98635222                  
Mob: +61 (0)428 398446                  Mob: +61 (0)414 434339                  
Email:wolf.marx@tawana.com.au. basil.tambanis@tawana.com.au                     
Sponsor:  PricewaterhouseCoopers Corporate Finance (Pty) Limited                
All press releases and announcements may be inspected on the Company"s web site,
namely: www.tawana.com.au                                                       
Date: 16/11/2006 08:55:10 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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