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TAWANA RESOURCES NL - Clarification regarding Business Times article dated 27 June 2018

Release Date: 02/07/2018 09:30:00      Code(s): TAW       PDF(s):  
Clarification regarding Business Times article dated 27 June 2018

Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
Share code on the Australian Securities Exchange Limited: TAW
(“the Company” or “Tawana”)

Clarification regarding Business Times article dated 27 June 2018

Tawana Resources NL (TAW:ASX) (“Tawana”) and Alliance Mineral Assets Limited (SGX:40F)
(“AMAL”) (together, the “Bald Hill Joint Venture”) wish to provide a clarification in regard to the
article entitled ‘‘Alliance Mineral (sic), Tawana to ramp up lithium concentrate output after
merger” published in The Business Times, Singapore on 27 June 2018.

The article stated that “CATALIST-LISTED Alliance Mineral Assets and Australian-listed Tawana
Resources are targeting to produce 90,000 to 100,000 tonnes of lithium concentrate at their Bald
Hill mine in Western Australia by year-end, following their proposed merger”.

For the avoidance of any doubt, Tawana and AMAL wish to clarify that the Bald Hill Joint Venture
is targeting to produce 60,000 to 75,000 tonnes of spodumene concentrate for the 6 months
between July and December 2018. This excludes production from the period of March 2018 to
30 June 2018 which was approximately 18,800 tonnes. This is in line with the targeted average
spodumene concentrate production of 155,000 tonnes per annum (taking into account ramp up
considerations) as previously announced to the ASX on 11 July 2017 and the SGX on 8 August

Forward Looking Statements

This announcement may contain certain forward looking statements and projections including
regarding estimated resources and reserves, production and operating costs profiles, capital
requirements and strategies and corporate objectives. Such forward looking
statements/projections are estimates for discussion purposes only and should not be relied upon
as representation or warranty, express or implied, of Tawana and/or AMAL. They are not
guarantees of future performance and involve known and unknown risks, uncertainties and other
factors many of which are beyond the control of Tawana and/or AMAL. The forward looking
statements/projections are inherently uncertain and may therefore differ materially from results
ultimately achieved.

While the information contained in this announcement has been prepared in good faith, neither
Tawana nor AMAL, nor any of their respective directors, officers, agents, employees or advisors
make any representation or give any warranty, express or implied, as to the fairness, accuracy,
completeness or correctness of the information, forward looking statement, opinions and
conclusions contained in this announcement. Accordingly, to the maximum extent permitted by
law, none of Tawana and AMAL, nor any of their respective directors, officers, employees, agents
or advisers, nor any other person accepts any liability whether direct or indirect, express or
limited, contractual, tortious, statutory or otherwise, in respect of the accuracy or completeness
of the information or for any of the opinions contained in this presentation or for any errors,
omissions or misstatements or for any loss, howsoever arising, from the use of this presentation.
Tawana and AMAL disclaim any obligation to update or revise any forward looking statements
based on new information, future events or otherwise except to the extent required by
applicable laws.

Neither Tawana nor AMAL provide any financial or investment 'advice' as that term is defined in
the South African Financial Advisory and Intermediary Services Act, 37 of 2002.

Investors should exercise caution when dealing in the securities of Tawana and AMAL. In the case
of any doubt, they should seek their own professional advice and consult with their own adviser
or bank manager.

2 July 2018

PricewaterhouseCoopers Corporate Finance (Pty) Ltd

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