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TAWANA RESOURCES NL - Enviromental Permit Awarded and Extension of Mineral Exploration Licence Term

Release Date: 28/05/2015 09:09:00      Code(s): TAW       PDF(s):  
Enviromental Permit Awarded and Extension of Mineral Exploration Licence Term

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”)

Environmental Permit Awarded & Extension of Mineral Exploration Licence Term


Tawana Resources NL (ASX:TAW) (the Company) is pleased to announce that it has been awarded
its Environmental Protection Agency (EPA) permit for its recently acquired and wholly-owned
southern exploration licence MEL1223/14. This permit allows the Company to progress field
exploration activities and is a legal requirement under Liberian regulations.

The Company is also pleased to announce an eight-month extension to the initial three-year licence
term for both of the Company’s 100%-owned tenements, MEL12029 and MEL1223/14, in
acknowledgement of the Force Majeure event by the Government of Liberia, resulting from the Ebola
outbreak in 2014 and early 2015.

The Company, through an independent Environmental and Social consulting group, Earth
Environmental Consulting of Liberia, completed the requisite site visits and submitted an independent
environmental audit report to the EPA in March 2015, as required under the Liberian Exploration

The EPA subsequently approved the independent audit report and awarded the Company an EPA
permit for ongoing exploration activities. The Company’s Executive Chairman and CEO, Mr Wayne
Richards said, “The Company is pleased to have received its EPA permit over the newly acquired
southern licence, as it paves the way for future drilling, and other exploration activities, as we continue
to define exciting DSO exploration targets within the tenement”.

The Company has been granted an eight-month extension of the initial three-year exploration term for
both licences MEL12029 and MEL1223/14 by the Ministry of Lands, Mines and Energy (MLME), in
consideration of the Ebola outbreak and acknowledged Force Majeure event. “The Company is
grateful to have received these extensions” Mr Richards said. “It provides additional valuable time to
continue advancing the exploratory and future mining potential of the Project’s tenements and
demonstrates the supportive, proactive stance of the MLME, for developers such as Tawana” Mr
Richards added.

1 Regulations Governing Exploration Under A mineral Exploration License of the Republic of Liberia
(‘Exploration Regulations’), MLME, March 2010

About Tawana (ASX & JSE: TAW)

Tawana Resources NL is an iron ore focused ASX and JSE-listed company with its principal project in
Liberia, West Africa. Tawana’s 100%-owned Mofe Creek Project is a new discovery in the heart of
Liberia’s historic iron ore district, located 20km from the coast and 85km from the country’s capital city
and major port, Monrovia.

Tawana is committed to advance the development of its 100% owned Mofe Creek Project, which
covers 471km2 of highly prospective tenements in Grand Cape Mount County. The Project hosts
high-grade friable itabirite mineralisation, which can be easily upgraded to a premium quality iron ore
product of +64-68% Fe grade, via simple, low capital intensity beneficiation.

Detailed information on all aspects of Tawana’s projects can be found on the Company’s website

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

28 May 2015

PricewaterhouseCoopers Corporate Finance (Pty) Ltd

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