TAW - Tawana Resources NL - Executive Chairman to drive Development Release Date: 20/06/2008 14:10:06 Code(s): TAW
TAW - Tawana Resources NL - Executive Chairman to drive Development
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 June 2008
Executive Chairman to drive Development
Following the resignation by Brian Phillips today as Chairman of Tawana, the
Board is pleased to announce the appointment of Mr. Neil Barrie as Executive
Chairman. Mr. Phillips advised the Board that despite other business commitments
he has agreed to remain as a non-executive director of the Company.
Mr. Barrie`s brief is to drive development across our range of existing highly
advanced diamond interests in South Africa and Botswana, and to seek out through
strategic alliance partners, new mineral opportunities with the major focus on
iron ore, coal, gold and base metals in the highly prospective southern African
countries. The right to access data collected by De Beers Australia Exploration
Limited is a valuable asset that is being pursued.
Mr. Barrie, an Honours graduate from the University of Western Australia and a
former KPMG Director, resides in Melbourne and has 20 years experience in mining
evaluation and corporate development throughout Australia, South Africa and
On appointment, Mr. Barrie praised the outstanding prospects for Tawana based on
the company`s advanced Kareevlei Wes, St Augustine`s and Alluvial diamond
prospects in South Africa, our highly encouraging Orapa diamond project in
Botswana and the value to the Company of the recent manganese discovery by joint
venturer, Aquila Resources, in South Africa.
Mr. Barrie said: "I am very encouraged by the sound technical depth of this
emerging company. To date, they have identified some exceptional diamond
deposits, with Kareevlei proceeding to mining status in the very near future.
Additionally, we will be seeking to source and evaluate prospective investment
opportunities in additional resource projects, with the aim of increasing our
opportunities to enhance shareholder value."
He went on to say: "I take over at a time where there is increasing focus in
South and Southern Africa and our already established presence and excellent
strategic alliance partners provide us with a solid platform for strategic
growth. I look forward to being an integral contributor to Tawana Resources
which is on the threshold of realising significant future successes based on the
excellent stewardship of the Board and its senior management team."
Tel: +61 3 98635222
Mob: +61 428 398446
All press releases and announcements may be inspected on the Company`s web site,
PricewaterhouseCoopers Corporate Finance (Pty)Ltd
Date: 20/06/2008 14:10:06 Supplied by www.sharenet.co.za
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