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TAW
TAW
TAW - Tawana Resources NL - Aquila Intersects Further High Grade Manganese at
the Avontuur Projects in South Africa
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")
8 July 2008
Aquila Intersects Further High Grade Manganese at the
Avontuur Projects in South Africa
Tawana indirect interest 6.8%
Aquila Resources Limited ("Aquila") today announced further promising manganese
assay results from its Avontuur Projects located 75km north west of Kuruman, in
the Northern Cape Province of South Africa. This announcement is a follow up to
the announcement of 8 April 2008 where Aquila announced high grade manganese
intersections from the first 3 holes assayed in the 370km2 Avontuur area.
The manganese discoveries were identified on two mineralised prospects some 20km
apart and adjoining the northern-most farms of the main Kalahari Manganese
Field.
Southern Project
Drilling on the southern project area of the Avontuur permit has discovered
manganese mineralisation in the Hotazel Formation, which is interpreted to
represent an extension of the Kalahari Manganese Field. The permit boundary is
approximately 8 km north of the Wessels underground mining operations, where ore
is mined over a depth range of 300 to 500m.
A programme of diamond drilling is in progress across the projected trend of the
mineralisation. Highlights of the assay results from the next 3 holes drilled
within the project area are as follows:
* 4.31m @ 38.81% Manganese
* 3.54m @ 47.52% Manganese
* 4.41m @ 49.79% Manganese
(Detailed analytical results may be viewed on www.tawana.com.au)
Northern Project
Drilling on the northern project area of the Avontuur permit is also testing
manganese mineralisation in the Hotazel Formation along the northern end of the
Avontuur Basin. The Avontuur Basin is approximately 10km long and is located
20km north of the larger Kalahari Manganese Basin. Further encouraging assays
have been received from 6 diamond holes drilled along a 2km projected
mineralised trend. Highlights of the assay results from these 6 holes are as
follows:
* 5.40m @ 56.82% Manganese
* 3.68m @ 50.81% Manganese
* 2.68m @ 47.42% Manganese
and 1.86m @ 46.73% Manganese
* 2.12m @ 55.24% Manganese
and 1.57m @ 59.24% Manganese
(Detailed analytical results may be viewed on www.tawana.com.au)
Manganese ore is used in the steel making process primarily in the form of
silico-manganese and ferromanganese alloys. The world demand for manganese
depends directly on the requirements of the steel industry with the price of
manganese ore continuing to rise in recent years.
Tawana Resources NL holds an indirect interest of 6.8% in the Thabazimbi Joint
Venture through its 26% holding in Rakana Consolidated Mining (Proprietary)
Limited, the joint venture partner of Aquila in South Africa.
Wolf Marx
Tel. +61 3 98635222
Mob: +61 428 398 446
Email : wolf.marx@tawana.com.au
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 08/07/2008 10:42:02 Produced by the JSE SENS Department.
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