Go Back Email this Link to a friend


TAW - Tawana - Aquila Resources Announces Milestone Regarding Avontuur

Release Date: 30/10/2009 09:44:01      Code(s): TAW
TAW - Tawana - Aquila Resources Announces Milestone Regarding Avontuur          
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")                                                     
30 October 2009                                                                 
Aquila Resources Limited (ASX: AQA) in South Africa announces milestone         
regarding the Avontuur Manganese Project                                        
Tawana indirect interest 6.76%                                                  
Aquila Resources Limited ("Aquila") released the attached announcement to the   
ASX on 20 October 2009 regarding the Avontuur Manganese Project passing a       
significant milestone in accessing rail and port capacity necessary for its     
development.                                                                    
Tawana Resources NL ("Tawana") advises that it holds 26% equity in Rakana       
Consolidated Mining (Proprietary) Limited ("Rakana"), the joint venture partner 
of Aquila in South Africa.                                                      
Euan Luff                                                                       
Director                                                                        
Tel: +61 3 9224 1000                                                            
Email: eluff@wfw.com.au                                                         
ASX RELEASE: AQUILA RESOURCES 20 OCTOBER 2009                                   
AVONTUUR MANGANESE PROJECT QUALIFIES TO PARTICIPATE IN THE EXPORT CAPACITY      
ALLOCATION PROCESS IN SOUTH AFRICA                                              
Aquila Resources Limited (ASX: AQA "Aquila" or "the Company") is pleased to     
announce that its Avontuur Manganese Project ("Avontuur") has passed a          
significant milestone in accessing the rail and port capacity necessary for its 
development.  Avontuur has been successful in the Long Term Manganese Export    
Allocation Process to qualify participants for the Manganese Industry Forum     
("MIF") to be established by Transnet Limited.                                  
The Process                                                                     
Aquila has participated in the Long Term Allocation Process, by Transnet Limited
and KPMG to assess future users of the Port Elizabeth manganese rail and port   
export corridor, with a view to qualifying for membership of the MIF.  This     
Forum will discuss the medium to long term expansion alternatives for rail and  
port corridors in south Africa, specifically for manganese products.            
Participation in the MIF will be crucial component in Aquila`s planned          
Feasibility Study for the development of mining, rail, port and marketing       
arrangements for Avontuur.  It is anticipated that the MIF will determine the   
quantum of and process for export rail and port capacity expansion for manganese
ores from the Kalahari Region, with an execution plan to allow new production to
reach markets from 2013.                                                        
Participants will be invited to negotiate and conclude contracts with Transnet  
for the implementation and funding (if required) of the jointly developed       
solution for the provision of rail and port related services by Transnet to the 
qualified customers.                                                            
Avontuur                                                                        
The Avontuur tenement hosts the Avontuur Manganese Basin, located north of the  
Kalahari Manganese Field in the North Cape Province of South Africa (see Figure 
1).  The tenement currently hosts a JORC Compliant Inferred Resource of 34      
million tonnes of manganese oxide ore averaging 40% Mn, as notified to the ASX  
on 17 March 2008.  A follow-up drilling program is underway, with up to 5       
drilling rigs in operation, to increase the tonnage and enhance the grade of    
this Resource.  An updated Resource Statement is expected during the 1st Quarter
of calendar 2010.                                                               
Development options for Avontuur include approximately 25kms of road transport  
from the mine site to a rail siding in the Kalahari Manganese Field, for railing
to domestic users or to Port Elizabeth for export.                              
Toni Poli                                                                       
Executive Chairman                                                              
For further information regarding this announcement, please contact Toni Poli.  
Telephone:  +61 (08)9423 0111                                                   
Facsimile:  +61 (08)9423 0133                                                   
Email address: mail@aquilaresources.com.au                                      
Visit us at:  www.aquilaresources.com.au                                        
Competent Persons Statement                                                     
The information in this announcement, insofar as it relates to Mineral          
Exploration activities, is based on information compiled by Brent E Green who is
a member of the Australian Institute of Geoscientists, and who has more than    
five years experience in the field of activity being reported on.  Mr Green is a
full-time employee of the Company.  Mr Green has sufficient experience which is 
relevant to the style of mineralisation and type of deposit under consideration 
and to the activity which he is undertaking to qualify as a Competent Person as 
defined in the 2004 Edition of the `Australasian Code of Reporting of           
Exploration Results, Mineral Resources and Ore Reserves`.  Mr Green consents to 
the inclusion in the report of the matters based on the information in the form 
and context in which it appears.                                                
This picture can be found of the Company`s website.                             
Figure 1 - Location of Avontuur                                                 
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 30/10/2009 09:44:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2019 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.