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TAW
TAW
Tawana Resources NL - Blacktop results update
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")
Blacktop Results Update
Key Points
Blacktop kimberlite
1688 diamonds (117 carats) to 10 November
DMS processing completed
Processing and concentrate analysis to continue into 2007
Pilbara Regional Exploration
Kimberlitic indicators recovered from Blacktop East
Blacktop Kimberlite Project
(Tawana 50% and operator /De Beers Australia Exploration 50%)
The dense media separation (DMS) plant was commissioned on 8 September 2006, and
processing on site of 6,000 tonnes of kimberlite from Blacktop 1 was completed
on 6 November 2006. Approximately 62 tonnes of concentrate was produced. The DMS
concentrates are screened, packed and sealed on site and transported to Perth
where the concentrates are being passed through a Flowsort X-Ray recovery unit.
The resulting concentrates from the Flowsort unit are sent to Tawana"s
laboratory in Melbourne for diamond recovery.
As at 10 November, 1,688 diamonds weighing 117 carats were recovered from 25
tonnes of Flowsort concentrate. It is expected that the remaining 37 tonnes of
DMS concentrates will be processed through the Flowsort and examined for
diamonds by the end of Q1 2007.
The majority of the diamonds recovered to date are white dodecahedrons, with the
largest stone weighing 1.28 carats. All diamonds are in the size fraction +1mm
to -19mm. A summary of the production statistics for the processing of the
Blacktop 1 bulk sample to 10 November are shown in Table 1.
Table1. Bulk sample Summary to 30 September 2006
Samples Samples DMS DMS Diamonds Diamonds
conc. conc.
Excavated processed Produced Analysed recovered recovered
tonnes tonnes tonnes tonnes Number carats
6,000 6,000 62 25 1,688 117
Commenting on the results to date Mr. Marx said: "It is encouraging to see the
quantity of diamonds being recovered from only 40% of the concentrate examined
so far. We look forward to the results of the remainder of the concentrate so
that we can get the diamonds valued and determine the grade and potential
economics of the deposit."
Pilbara Regional Exploration
(Tawana 50% and operator /De Beers Australia Exploration 50%)
Sampling of the Blacktop East anomaly located approximately 8km to the east of
the Blacktop 1 kimberlite dyke has confirmed the presence of kimberlitic
indicator minerals. The minerals are present over approximately 3 km of strike
length and are considered by Tawana management to indicate the location of an
extension to the Blacktop 1 kimberlite.
16 November 2006
Contact: Tawana:
Wolf Marx Basil Tambanis
Tel: +61 (0)3 98635222 Tel: +61 (0)3 98635222
Mob: +61 (0)428 398446 Mob: +61 (0)414 434339
Email:wolf.marx@tawana.com.au. basil.tambanis@tawana.com.au
Sponsor: PricewaterhouseCoopers Corporate Finance (Pty) Limited
All press releases and announcements may be inspected on the Company"s web site,
namely: www.tawana.com.au
Date: 16/11/2006 08:55:10 AM Produced by the JSE SENS Department
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