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TAWANA RESOURCES NL - Formal IMCC Presentation for Mofe Creek Project

Release Date: 14/04/2015 09:33:00      Code(s): TAW       PDF(s):  
Formal IMCC Presentation for Mofe Creek Project

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
(“the Company” or “Tawana”)

       Formal IMCC Presentation for Mofe Creek Project

PLEASE NOTE: ALL GRAPHICS HAVE BEEN REMOVED FOR SENS PURPOSES.
PLEASE REFER TO TAWANA WEBSITE FOR THE COMPLETE ANNOUNCEMENT.

Tawana Resources NL (ASX:TAW) (the Company) is pleased to announce that a
formal presentation of Tawana’s 100%-owned Mofe Creek Project (the Project) to
the Liberian Inter-Ministerial Concessions Committee (IMCC) in Monrovia, has been
successfully conducted. This presentation represents a key milestone in the
advancement of the Mineral Development Agreement (MDA) and is a significant
achievement for the Company.

The presentation which was attended by the Liberian National Investment
Committee chairman, ministers, deputy ministers, government department
representatives and members of the Inter-Ministerial Technical Committee, was
very well received and feedback was likewise very positive and supportive of the
Company’s objectives.

This recent IMCC presentation and corresponding negotiations regarding the
technical, commercial, financial and socio-economic and labour aspects of the
MDA, represent a critical step in the advancement and conclusion of Tawana’s
MDA.

The IMCC presentation is a critical component in the preparation of a final draft
report of the MDA for presidential signature and its subsequent passing into a bill
for parliamentary ratification. The MDA will formalise the legal and commercial
conditions of the Mofe Creek project for a period of up to 25 years.

Tawana’s Executive Chairman and Chief Executive Officer, Mr Wayne Richards said,
“Tawana is very encouraged by the positive interactions between both parties and the
proactive approach towards finalising this Agreement. We have enjoyed good working
relations with the Liberian government over the past year and look forward to
negotiating and finalising the MDA in the coming months.”

The role of the IMCC in the MDA process is to oversee and coordinate the entire
investment concessional review process and its due diligence functions, for the
benefit of all parties. All natural resource concession agreements in Liberia,
including mining concessions, are negotiated by the IMCC.

For further information, contact:
Wayne Richards
Executive Chairman & Chief Executive Officer
Ph: +61 8 9489 2600


14 April 2015

Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

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