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TAW - Tawana - New Joint Venture - Riverton Kimberlite, South Africa

Release Date: 15/05/2007 09:11:01      Code(s): TAW
TAW - Tawana - New Joint Venture - Riverton Kimberlite, South Africa            
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")                                                     
New Joint Venture - Riverton Kimberlite, South Africa                           
The Directors of Tawana Resources ("TAW`) are pleased to announce a joint       
venture with Taormina Mining (Pty) Limited ("Taormina"), an unlisted South      
African company,  to prospect and evaluate a kimberlite situated 25 kilometers  
north of Kimberley, South Africa.                                               
The kimberlite is a 4 hectare pipe known locally as the Riverton Mine and is    
anecdotally reported to have produced good quality diamonds when it was mined by
small scale diggers during the 1990`s. Mining is reported to have ceased due to 
permitting issues. No professionally controlled mining has taken place at       
Riverton, and Tawana will apply modern exploration and mining techniques to     
evaluate the potential of this project.                                         
Tawana is able to earn 51% equity in the project by conducting a 2000 tonnes    
bulk sampling program followed by an 8000 tonnes evaluation program if          
warranted. Thereafter Tawana has the option to increase its equity to 70% by    
paying Taormina Rand 1.5million (approx. A$260,000)                             
Tawana is well equipped to conduct the initial evaluation stages. With the      
construction of the Kareevlei Wes trial mining facility using its 25 tonne per  
hour dense media separation ("DMS") plant (see announcement dated 20 April      
2007), Tawana will use its existing smaller 10 tph DMS plant at Riverton. Plant 
operators previously trained and employed by Tawana at its other Northern Cape  
diamond projects are available for the operation. Tawana`s South African-based  
General Manager, Craig Bailey, will oversee the Riverton Project while his main 
focus will be on the Kareevlei Wes trial mining program. Work will commence     
during the third quarter of 2007.                                               
Wolf Marx, Managing Director of Tawana commented today: "The Riverton joint     
venture is another step on our path to construct a viable portfolio of diamond  
assets in the most prolific diamond producing regions. One of these regions is  
based around the town of Kimberley in the Northern Cape Province and Riverton   
complements our other important projects of Kareevlei Wes, Tawana Alluvials,    
Daniel Kimberlites and Lexshell."                                               
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 edition of the "Australasian Code for the         
Reporting of Mineral Resources and Ore Reserves"                                
Contact:                                                                        
Wolf Marx                                                                       
Tel: +61 (0)3 98635222                                                          
Mob: +61 (0)428 398446                                                          
Email:wolf.marx@tawana.com.au                                                   
All press releases and announcements may be inspected on the Company`s web site,
namely: www.tawana.com.au                                                       
14 May 2007                                                                     
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 15/05/2007 09:11:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  



                                        
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