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TAW - Tawana Resources NL - Note to the financial statements for the half-year

Release Date: 16/09/2011 09:51:18      Code(s): TAW
TAW - Tawana Resources NL - Note to the financial statements for the half-year  
ended 30 June 2011                                                              
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")                                                     
Note to The Financial Statements for the Half-Year ended 30 June 2011, which    
were released on SENS on 13 September 2011                                      
Loss per share and headline earnings per share                                  
Classification of securities as ordinary shares                                 
The Company has only one category of ordinary shares included in basic loss per 
share.                                                                          
Classification of securities as potential ordinary shares                       
There are currently no securities to be classified as dilutive potential        
ordinary shares on issue.                                                       
30 June 2011    30 June 2010       
                                             Number          Number             
                                             745,516,131     417,873,121        
Weighted average number of ordinary shares                                      
used in the calculation of basic loss per                                       
share                                                                           
                                                                                
                                             $               $                  
(333,198)       (553,571)          
Net loss                                                                        
The loss per share calculation as disclosed on the Statement of Comprehensive   
Income does not include instruments that could potentially dilute basic earnings
per share in the future as these instruments were anti-dilutive in the periods  
presented.  A summary of such instruments is as follows:                        
Equity securities                             Number of       Number of         
                                             securities      potential          
ordinary           
                                                             shares             
                                             179,920,000     88,160,053         
Options over ordinary shares                                                    
Headline earnings per share                                                     
Reconciliation of net loss to headline earnings                                 
                                             30 June 2011    30 June 2010       
                                             $               $                  

 Net loss                                    (333,198)       (553,571)          
 Less:                                                                          
 - Profit on sale of assets                  (232)           -                  
Headline earnings used in the               (333,430)       (553,571)          
 calculation of headline earnings per                                           
 share                                                                          
                                                                                
Headline earnings per share (cents)         (0.04)          (0.13)             
16 September 2011                                                               
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 16/09/2011 09:51:17 Supplied by www.sharenet.co.za                     
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