| Fri 2 Dec 2011, 8:49 | | TAW - Tawana Resources NL - DFS Completed and Resource Upgrade on Gravenhage |
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TAW
TAW
TAW - Tawana Resources NL - DFS Completed and Resource Upgrade on Gravenhage
Manganese Project; Thabazimbi Joint Venture, South Africa
(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")
(Please note all maps and images have been removed and can be found on the
Tawana website)
FAST FACTS
Issued Shares: 856m
Market Cap: $19m
Cash (Sep-11 Qtly): $4.3m
ASX CODE: TAW
COMPANY HIGHLIGHTS
- New West African Gold Frontier
- Alliance with Gryphon Minerals
- Experienced Board and Management
Sinoe Gold Project, Liberia
- Highly prospective Birimian gold structures on
Dugbe shear
- Along strike from Dugbe gold deposit (1.8Moz)
Mofe Creek Iron Ore Project, Liberia
- 40% Fe along 30km strike
- 25km to coast, adjacent to rail, port and 50Mt Bomi
Hills historic mine
Nimba/Lofa Gold Projects, Liberia
- Close proximity to Ity Gold Mine (5Moz)
- Located on known gold hosting structures
Thabazimbi JV (6.7%), South Africa
Avontuur Manganese and Meletse Iron Ore JV managed by Aquila Resources
DFS Completed and Resource Upgrade on Gravenhage Manganese Project;
Thabazimbi Joint Venture, South Africa
HIGHLIGHTS
Through Tawana`s 6.76% indirect equity interest in the Gravenhage Manganese
Project, a project incorporated in the Thabazimbi Joint Venture with Aquila
Resources Ltd, the Company highlights the results announced by Aquila on
30th November 2011.
* Aquila Resources Ltd completes a Definitive Feasibility Study for the
Gravenhage Manganese Project
* Tawana Resources NL owns a 6.76% indirect equity interest in the
Gravenhage Manganese Project through Rakana Consolidated Mining Pty
Ltd, the joint venture partner of Aquila Resources Ltd in the
Thabazimbi Joint Venture
* Aquila Resources Ltd manages the Thabazimbi Joint Venture
Tawana Resources NL (ASX: TAW, the `Company`) is pleased to announce that
Aquila Resources Ltd (ASX: AQA, `Aquila`) has completed a Definitive
Feasibility Study (`DFS`) for the Gravenhage Manganese Project in South
Africa.
The Company holds a 26% equity stake in Rakana Consolidated Mining Pty Ltd
("Rakana") the joint venture partner of Aquila in the TJV. The Avontuur
Manganese project which includes the Gravenhage manganese resource and the
Meletse iron ore resource are incorporated under the TJV.
For further technical detail please refer to Aquila`s Gravenhage DFS
completion announcement of 30th November 2011.
Thabazimbi Joint Venture
The Company holds a 26% equity stake in Rakana Consolidated Mining Pty Ltd
("Rakana") the joint venture partner of Aquila Resources Ltd in the
Thabazimbi Joint Venture.
(Shareholding chart of Rakana Consolidated Mining Pty Ltd has been removed)
The Thabazimbi Joint Venture includes the Northern Cape Project and
Thabazimbi Project. The Northern Cape Project includes the Avontuur license
which contains the Gravenhage Manganese project. The Thabazimbi Project
includes the Meletse Iron Ore project.
(Thabazimbi Joint Venture Project locations map has been removed)
For further information, please contact:
Lennard Kolff van Oosterwijk
Managing Director
CORPORATE DIRECTORY
Warwick Grigor Len Kolff
Managing Director Non-Executive Chairman
Julian Babarczy Euan Luff
Non-Executive Director Non-Executive Director
Matthew Bowles Winton Willesee /Aaron Finlay
Non-Executive Director Joint Company Secretary
CONTACT DETAILS
Principal & Registered Office:
Suite 25, 145 Stirling Highway
Nedlands, Western Australia
Email: admin@tawana.com.au
Website: www.tawana.com.au
Phone: +61 8 9389 3140
Facsimile: +61 8 9389 3199
2 December 2011
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 02/12/2011 08:49:01 Produced by the JSE SENS Department.
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