ASX ANNOUNCEMENT

22nd Januar y 2014

trategic Resource, Mine

lanning and

Environmental

Consultants

Appointed to

CORPORATE

IRECTORY

Mofe Creek Project

Wayne Richards

Executive Chairman

Len Kolff

Managing Director

Matthew Bowles

HIGHLIGHTS

 Coffey International ("Coffey") of Perth to lead the maiden

Non-Executive Director

resource
development program and Scoping Study deliverables

Winton Willesee /Aaron Finlay

Joint Company Secretary

for mine planning and design

 Earth Systems of Perth and

Africa to lead the environmental,

ASX CODE: TAW

social and community studies in support of the Scoping Study

COMPANY HIGHLIGHTS

 Earth Systems to

partner
with a
local multidisciplinary

 New Iron ore Discovery - Liberia,

consultancy group
- Earth
Environmental Consultancy
Inc.

West Africa

 +95Mt friable itabirite target within

>500Mt Global Exploration target

 Experienced Board and Management

Mofe Creek Iron Ore Project, Liberia

 High grade +40% Fe friable itabirite and potential for +60% Fe DSO

("EarthCons"), based in Monrovia to commence Baseline reviews

 Both Resource/Mine Planning and environmental/social baseline work to commence this month

 20km to coast, adjacent to rail alignment 65km to port

Tawana Resources NL (ASX: TAW) ("Tawana" or "the

Company") is

 65 km prospective strike, only 3km

pleased to announce it has awarded two key
contracts for inputs into

strike drill tested

 Premier Iron Ore District; 25km along

the Scoping Study at its 100% owned Mofe Creek Iron Ore Project in

strike from +50 Mt historic Bomi Hills

Liberia, West Africa. The scope
of works
will include the maiden

DSO mine

resource/mine planning components and initial environmental, social
and community
studies. These appointments
are in addition to
the

Rakana JV (6.7%), South Africa

 Meletse Iron Ore and Avontuur

appointment of
Tenova Australia who are managing and coordinating

Manganese JV managed by Aquila

Resources

the major design and logistics components
announced on 7 November 2013.
of the Scoping Study, as

CONTACT DETAILS

The fi st strategic appointment was to Coffey International Limited

Suite 25, 145 Stirling Highway

Nedlands WA 6009

(Perth
planni
office) for the completion of the maiden reso
g.
rce and
mine

Email:

[email protected]

The second appointment was to Earth Systems (Perth & Africa offices)

Website:

www.tawana.com.au

in conjunction
with EarthCons
of Liberia for completion of

Phone: Facsimile:

+61 7 3510 2115

+61 8 9287 4334

environmental, community and social studies in support of the Scoping Study. Works will commence with an environmental and social scoping study, to set the stage.
Managing Director, Len Kolff, said, "We are
pleased to have awarded
these key study
input contracts to groups with proven experience in
West Africa and Liberia on similar iron ore projects".
"The Scoping Study deliverables from these
consulting
firms will be
supported by the immediate commencement the resource model and GIS interpretation of
of the development of the Mofe Creek Project.

Baseline environmental, social and
site in early February".
ommunity studies will kick-off on

ASX ANNOUNCEMENT

22nd January 2014

About Coffey International

Coffey
International Limited is a
specialist
professional services consultancy with
expertise in geosciences,
international development,
and project management. With
more than 50 years of experience,
Coffey is well known in their markets for deep
technical skills and market-leading solutions to complex tasks. Coffey are listed on the
Australian Securities Exchange (ASX:COF).
The Mining team comprises some
of the
best global mining and geotechnical
engineering specialists. Between them, they provide a full range
of services including
exploration, mineral resources
estimation, mining, processing, geotechnical
investigation, construction and project management.

About Earth Systems

Earth
Systems,
an Australian company established in 1993 has global
operations
including an established ESIA accredited office in Dakar, Senegal. extensive experience in the mining and resource development
The consultancy has sector working with
major
players in the mining industry in West Africa,
Australia and globally. Earth
Systems specialises in environmental and social impact assessments to IFC and World
Bank standards and has experience
in resettlement and livelihood restoration, natural
resource monitoring and management, geochemical characterisation, and surface and groundwater protection.
Earth Systems will partner with a local multidisciplinary consultancy Group - EarthCons, based in Monrovia. EarthCons has provided environmental and social inputs to a number
of projects throughout Liberia including those regionally relevant to the
Mofe Creek
Project including Western
Cluster's
Bomi Hills, Aureus
Resources' New Liberty Mine,
China Union Bong Mines and Hummingbird Resources' gold projects.

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
("the
Project")
is a new
discovery
in the heart of Liberia's historic iron
ore district,
located 20km from the coast and 80km from the country's capitall city and major port, Monrovia.
Tawana is committed to becoming a mid-tier iron ore producer through the
development of
the Mofe
Creek Project, which covers
285km2
of highly
prospective
tenements in Grand Cape Mount County. The Project hosts high-grade fria
le itabirite
mineralisation which can be easily
upgraded to a superior quality iron ore product of
+60% Fe, for which there is consistent global demand.
The Company is currently concluding its maiden resource drilling program and recently
commenced its
Scoping
Study on
the Mofe
Creek Project. The Scoping
Study will
consider both an early start-up, low capital cost project with a
production rate of 1-2
million tonnes per annum (Mtpa), as well as a longer-term project capable of producing
5-10
Mtpa of iron ore product. Additionally,
Tawana
has a joint venture
agreement

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ASX ANNOUNCEMENT

22nd January 2014

with Konblo Bumi Inc for the adjoining tenement covering 624km2, for which Tawana has 100% of the iron ore mineral rights.

About Liberia

Liberia is a democratic
West African country
with a modern and transparent mining
code
and a government proactively
engaged
with the mining industry to
help unlock
the value of its
potential mineral
wealth.
Her Excellency President Ellen Johnson
Sirleaf
was Africa's first elected female head of state in 2005
and was re-elected in
November 2011
for a second term. The country is hugely prospective for minerals
exploration and
production, hosting
several
world-class iron ore
deposits. Liberia has
historically been the largest exporter of iron ore in Africa and was the 5th largest iron ore producer globally during the 1960's to 1980's.
For further information please contact:
Lennard Kolff van Oosterwijk
Managing Director
Tawana Resources NL Tel: +61 7 3510 2115
Mob: +61 424 942 589
Detailed information on
all aspects of Tawana's projects can be found on the
Company's website www.tawana.com.au.

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